The delayed reciprocal tariffs that were initially introduced on April 2, 2025 have now taken effect, with reduced rates for most countries effective August 1, 2025. During the pause on the tariffs, the United States made various deals with countries and trading blocs that had separate rates and agreements in place, including:
Furthermore, President Trump has imposed tariffs on multiple countries in addition to already existing ones.
In addition, President Trump has imposed a 50% additional duty on most copper imports.
What’s next? Expect tariff action to continue as the Commerce Department is currently investigating a wide variety of imported goods into the United States, including:
- Timber and Lumber
- Semiconductors
- Pharmaceuticals
- Trucks
- Critical Minerals
- Commercial Aircraft
- Polysilicon
- Unmanned Aircraft Systems
These investigations can take nearly a year from beginning to imposition of tariffs, so stay up-to-date by visiting AGC’s Tariff Resource Center.
For additional information, please contact Deniz Mustafa.