On April 2, President Trump announced new reciprocal tariffs on all trading partners. Since then, tariff increases for all countries except China have been placed on hold for 90 days, but across-the-board 10 percent tariffs on goods from all countries except Canada and Mexico remain in place. Canada and Mexico remain subject to additional duties of 25 percent.

Read the full article here: https://wellerjames.com/president-trump-announces-suspends-global-reciprocal-tariffs/

Chris Siepmann is the Managing Director at Weller James, where he helps clients navigate geopolitical risk and international policy changes. Previously, he served as Director for Trade Enforcement at the Office of the U.S. Trade Representative during the first Trump administration, where he advised on the China Section 301 tariffs and a range of other issues. More insights from Chris are available at https://wellerjames.com.