Daily Archives: April 3, 2025

White House Details for Imposing Reciprocal Tariffs and Eliminating China De Miminis

The White House Executive Order issued April 2 stated that all articles imported into the U.S. will be subject to an additional ad valorem rate of duty of 10 percent. The rates of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. ET on April…

Trump unleashes 10% global tariffs, with higher reciprocal rates

President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from a slew of other nations, including Europe, Japan and China. Why it matters: Trump’s announcement ends the free-trade era that has defined global commerce for decades — a move that risks higher consumer prices and economic damage. What they’re saying: “This…