Consumer Goods Most Affected By Reciprocal Tariffs Announced By U.S. Administration

Summary

• The US government has declared an International Emergency Economic Powers Act action, citing a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and non-tariff barriers, and U.S. trading partners' economic policies that suppress domestic wages and consumption.
• The calculation of the country-specific duty rates includes differential tariff rates, non-tariff barriers, currency practices, and the use of value-added taxes.
• The impact of the new duties on individual supply chains can be calculated from the share of imports by country and the new duty rates applied.

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Tariffs for all: 10 percentage points now, 16.8 percentage points to follow

The US government has declared an International Emergency Economic Powers Act (IEEPA) action, citing "a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and non-tariff barriers, and U.S. trading