President Trump Announces Broad Package Of Reciprocal And Universal Tariffs
April 2, 2025
On April 2, 2025, President Donald Trump announced that the United States would impose a series of reciprocal and universal tariffs ranging from 10 to 50% on goods from a variety of nations.
Highlights Include:
- A universal tariff of 10% on all goods from all countries. This will take effect on April 5, 2025.
- Reciprocal tariffs ranging from 10 to 50% on nearly all goods from selected nations. These tariffs will take effect on April 9, 2025.
- Certain categories of goods are exempt from reciprocal tariffs, but are likely to be levied tariffs under other trade authorities. These exempted goods include steel, aluminum, gold, autos, copper, pharmaceuticals, semiconductors, and lumber.
- For Canada and Mexico, the existing IEEPA orders remain in effect, and are unaffected by this order. The tariff exemption for USMCA-compliant goods remains in effect.
Among the nations that are critical to the medical supply chain, the United States will levy reciprocal tariffs at the following rates on the following nations:
- China: 34%
- Malaysia: 24%
- Thailand: 36%
- Vietnam: 46%
- European Union: 20%
- India: 26%
Read More
HIDA Advocacy
HIDA has continued to advise both the U.S. Trade Representative and the Department of Health and Human Services about the impact of tariffs on the medical supply chain. HIDA promotes a resilient medical supply chain of products from a variety of sources — domestic, nearshore, and global. HIDA has expressed its concerns to the Trump Administration about the risk tariffs pose to the cost and quality of healthcare, and supports the exclusion of medical products from tariffs. HIDA supports tax incentives and long-term contracts to promote domestic manufacturing of medical products.
Visit our Tariff Policy Clearinghouse for daily developments on trade at hida.org/tariffs.