Trump sets 10% tariff on imports, targets key nations with 34% duty

Posted on April 3, 2025   |  

President Trump declared a national emergency over the $1.2 trillion U.S. trade deficit, imposing new tariffs.

A 10% tariff on all imports starts April 5, with higher rates for key countries beginning April 9.

China faces a 34% tariff, the EU 20%, and Japan 24%, with duties remaining until corrective actions are taken.

Pharmaceuticals, semiconductors, and certain goods are exempt, but country-specific tariffs override trade agreements.

Automobiles and parts will face a separate 25% global tariff starting April 3.

Additional 25% tariffs are planned for copper, lumber, and imports from countries buying Venezuelan oil.

The administration cited non-tariff barriers and falling U.S. manufacturing as reasons for the action.

U.S. Customs must verify U.S.-origin content, applying tariffs only on the foreign portion of goods.

The White House retains authority to adjust tariffs based on economic conditions and national security.