On April 2, President Donald Trump officially invoked a national emergency under the International Emergency Economic Powers Act, citing persistent U.S. trade deficits and associated economic impacts as justification to authorize new tariffs intended to address non-reciprocal trade practices and protect critical supply chains. The ensuing policies have changed rapidly and repeatedly since then, leaving business leaders wondering what the current rules are.
As the first year of Trump’s second term in office is drawing to a close, the administration is looking to tie up some of its key trade and tariff related priorities before the calendar year flips. The White House recently brokered a truce with China on some of the most recent actions taken in the ongoing U.S.-China trade feud, but the United States Trade Representative is still working on a fresh Section 301 probe into the “Phase One” agreement from the first Trump administration.
Meanwhile, a decision the Supreme Court is set to issue a ruling that could undo the Trump administration’s “reciprocal” tariff regime ahead of the new year, which could introduce a whole new set of questions about possible refunds or other tariff-related mechanisms the president can use to implement the reciprocal tariffs.
The document below, prepared by PPAI’s advocacy firm Thorn Run Partners and updated December 15 with the latest information, provides a comprehensive A-Z list of the duties levied on each nation, including the current rate and a link to any exceptions. The document also includes information on tariffs for specific materials like steel and aluminum and an explanation of tariff stacking, which occurs when multiple tariffs apply to the same import, creating a cumulative rate that can significantly raise costs.
Read or download the full document below:
