President Trump Today Announced:

• • Universal tariff on all countries effective April 5, 2025 at 12:01 a.m. EDT.

• • An Individualized reciprocal higher tariff rate for countries with a significant trade deficit, effective April 9, 2025 at 12:01 a.m. EDT.

The new policy sets a 10% universal tariff on all goods imported into the United States.  Those countries that currently impose higher tariffs or that have significant trade barriers (e.g. currency manipulation, VAT, etc.) will be subject to an individualized tariff rate equal to half the calculated value of their tariffs and/or trade barriers. The following examples were included in a chart used during the President’s announcement:

Country	Tariff Charged to U.S.	U.S. Reciprocal Tariff
Dominican Republic	10%	10%
Honduras	10%	10%
Nicaragua	36%	18%
Costa Rica	17%	10%

For Canada and Mexico, the existing fentanyl/migration tariff orders remain in effect, and are unaffected by this new order. In the event the existing fentanyl/migration tariff orders are terminated, USMCA compliant goods would continue at 0%, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff. The new tariffs will remain in place until the President determines that the threat posed by the trade deficit or nonreciprocal treatment is satisfied or mitigated.  It also allows for modification should trading partners retaliate or take significant steps toward remedy. White House Fact Sheet available here.