The United States (US) government has announced the details of reciprocal tariffs to be implemented on April 5th at 12:01 EST as a further response to what US President Trump has described as a national emergency.
Tariff measures on Canadian- and Mexican-origin goods will remain the same: CUSMA-eligible goods will benefit from a 0% tariff rate, while those goods that do not qualify as CUSMA-compliant are subject to a 25% tariff. Energy or energy products and potash that do not qualify as originating under CUSMA are subject to a 10% tariff.
These tariffs were imposed under the authority of the International Emergency Economic Powers Act (IEEPA); if that authorization is terminated, the tariffs will be replaced by a 12% tariff on all non-CUSMA-eligible goods.
The previously announced tariffs on steel, aluminum, automotive and auto parts remain in effect.
The US government imposed a minimum 10% tariff on goods from most countries effective April 5th, although certain countries will be subject to much higher tariffs effective April 9th.
The government of Canadian has stated that it will implement retaliatory measures, with the details expected to be released today following a meeting among Prime Minister Mark Carney and the provincial and territorial premiers.
US Executive Order: Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits – The White House
List of countries subject to additional tariffs (BBC.com): Trump tariffs list: The US global tariffs plan at a glance