In April 2025, Trump declared a “national emergency” with respect to U.S. trade deficits and imposed what he called “reciprocal tariffs” on imports from most countries. That came with a baseline 10% tariff on imports from all countries not otherwise sanctioned.
On top of that baseline, many countries — depending on trade balance and other criteria — face higher “reciprocal tariffs,” in some cases reaching 11–50%.
Sector-specific tariffs remain: metals like steel, aluminum, and copper are taxed — for example, steel and aluminum tariffs were raised to 50% by mid-2025.
Additional tariffs target certain goods from specific countries: e.g., a 25% tariff on goods from countries importing Venezuelan oil under a separate 2025 executive order.
Starting late 2025, some wood and furniture imports — such as softwood timber, upholstered wooden furniture, and kitchen cabinets — have new tariffs: e.g. 10% on softwood timber and 25% on certain furniture, rising in early 2026 unless trade agreements change.
Overall, these actions have raised the average applied U.S. tariff rate significantly — to levels not seen in decades.
