Clyde & Co’s Tariff Tracker: April edition

Clyde & Co’s Tariff Tracker provides an overview of all trade restrictions imposed or announced by the US and against the US. The tracker will be updated by our offices across the globe as new measures are introduced.

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The April updates on the tariff tracker including updates in US tariffs, retaliatory tariffs and any after-effects, are set out below.

14 APRIL  2025

What has been announced?

Retaliatory tariffs

• On 11 April 2025, China announced that it would impose a reciprocal tariff of 125 percent on all US imports into China, in response to the same tariff rate imposed by the US on Chinese products entering the US.

US tariffs

• The US has announced that it will exempt certain electronics from the US’s ‘reciprocal’ tariffs, including the 125 percent tariff imposed on Chinese imports. The products excluded from duties include smart phones, routers, and certain computers and laptops, as well as components such as semiconductors, solar cells and memory cards.

When will the tariffs come into effect?

• The increase in China’s levies on US imports to the tariff rate of 125 percent took effect from 12 April 2025.

10 APRIL  2025

What has been announced?

US tariffs

• On 9 April 2025, less than 14 hours before the US tariffs on the ‘worst offenders’ were to take effect, the US has announced a 90-day pause, reducing the higher rate of tariffs to the baseline 10 percent tariff for most countries.
• China announced that it is raising its tariffs on all US imports to 84 percent, a 50 percent increase on the 34 percent tariff rate it announced last week.   
• In response, US tariffs on all Chinese imports into the US has increased to a 125 percent tariff rate. This is in addition to 20 percent tariff that the US had already placed on goods coming from China for its alleged role in supplying fentanyl.

When will the tariffs come into effect?

• The higher rate of tariffs for the ‘worst offenders’ will be paused for a period of 90 days.
• The increase in levies on all Chinese imports up to the 125 percent tariff rate was effective immediately (i.e., in force on 9 April 2025)  
• The increase in levies on all US imports up to the 84 percent tariff rate will be in force from today (i.e., 10 April 2025).

8 APRIL  2025

What has been announced?

Retaliatory tariffs

• On 4 April 2025, China announced a 34 percent baseline tariff on all US imports, on top of the tariff rates currently imposed on certain US products (such as coal, LNG and agricultural exports). There is no mention of any exceptions.

•  Other measures introduced by the Chinese government include export controls on rare earth minerals and trade restrictions on specific US companies.

  • China has unveiled export controls on seven types of rare-earth minerals to the US, including samarium, gadolinium and terbium.

  • China has also added a further 11 American companies to its ‘unreliable entity list,’ and put export controls on 16 American companies to prohibit the export of Chinese dual-use items.

US tariffs

• On 8 April 2025, in response to China’s baseline tariff on all US imports, the US has announced that levies on all Chinese imports to the US will be increased to a 104 percent tariff rate.

When will the tariffs come into effect?

• The 104 percent tariff rate imposed on all Chinese imports into the US is set to take effect on 9 April 2025.

• China’s 34 percent tariff on all imports from the US (on top of current tariff rates) will be imposed from 10 April 2025.

3 APRIL  2025

What has been announced?

US tariffs

• On 2 April 2025, the US announced a new set of tariffs covering 185 countries. The US’s new tariff scheme, which will come into effect over the next week, includes a universal / baseline 10 per cent tariff on all countries.
• In addition, some countries will also receive a higher tariff on their goods entering the US, as a result of being labelled by the US as the ‘worst offenders’. These countries include, for example, China and Vietnam.
• The 10 percent base line tariff does not however apply to Canada and Mexico, given the 25 percent tariff that has already been imposed on goods originating from both countries.
• We have set out below some (but not all) the countries facing the 10 percent baseline tariff rate:
  • UK
  • Singapore
  • Brazil
  • Australia
  • New Zealand
  • Turkey
  • Colombia
  • Argentina
  • El Salvador
  • UAE
  • Saudi Arabia
• We have set out below some (but not all) the countries subject to higher tariff rates:
  • China - 34% (in addition to the pre-existing 20% rate)
  • Vietnam - 46%
  • Taiwan - 32%
  • Japan - 24%
  • India - 26%
  • European Union - 20%
  • Switzerland - 31%
  • Liechtenstein - 37%
  • Serbia - 37%

When will the tariffs come into effect?

• The baseline tariff of 10 percent will come into effect 5 April 2025.
• Higher tariff rate for the ‘worst offenders’ will come into effect 9 April 2025.

Are any goods exempted?

The White House has indicated that a number of goods will be exempted, including steel and aluminum (which already have separate tariffs in place), copper, lumber, pharmaceuticals, semiconductors and gold bullion.

It is also reported that energy (gas, oil and refined products) and minerals (not available within the US) will be exempted.

However, tariffs on energy will need to be closely monitored given the Administration’s motivation for these tariffs is reciprocity and many of the US trading partners, such as China, have tariffed US energy imports (e.g. see our 6 February update).

See our Tariff Tracker