Taxes, Tariffs & Trade

Updated August 11, 2025

NAFEM informs and represents its members on the complex issues of U.S. taxes, tariffs, and trade, advocating for open and fair policies and rules that maximize market opportunities and cost-effective supply chain sourcing.

While NAFEM regularly updates this resource page, we recommend regular communication with your customs broker for up-to-the-minute tariff information relative to your business and its products.

Understanding New U.S. Tariff Landscape

Tariff ActionsCountriesDuty RateCommodities/Imports
IEEPA-FentanylCanada35% – effective Aug. 7
White House Fact Sheet
On non-USMCA-compliant imports
10%On potash
Mexico25% – 90-day negotiating period ends Oct. 30On essentially all commodities
10%On energy and potash
China20%
White House Fact Sheet
On essentially all commodities plus an additional 10% tariff during the second 90-day negotiating period that ends Nov. 10
Section 232All countries, including Canada and Mexico, except Russia and the U.K. as detailed below50% – effective June 4
Federal Register notice
For certain steel and aluminum articles, including derivative articles
Russia200%For aluminum imports
U.K.25% – effective June 3For certain steel and aluminum articles, including derivative articles (per the U.S.-U.K. Economic Prosperity Deal reached May 8)
Semi-finished copper products from all countries50% – effective Aug 1
White House Fact Sheet
Details from the Coalition of American Metal Manufacturers and Users
Effective Aug. 1 and included pipes, wires, rods, sheets, tubes and copper-intensive derivatives (fittings, cables, connectors, electrical components). Applies only to the copper content.
De MinimisNo longer apply for any countries – effective Aug. 29
Reciprocal tariffs  All countries except Canada and Mexico listed above and Annex 1 countries listed below10%On essentially all commodities except certain steel and aluminum articles (including derivatives) and semi-finished copper products subject to 50% Section 232 tariffs.  

Also exempts Annex II product categories including:

– Energy products
– Chemicals, critical minerals, raw materials
– Pharmaceuticals and semiconductors products
– Certain lumber articles and electronics
Annex I tariffs
Executive Order
Afghanistan15% – effective Aug. 7Essentially all imports except certain steel and aluminum articles (including derivatives) and semi-finished copper products subject to 50%Section 232 tariffs  

Also exempts Annex II product categories including:

– Energy products
– Chemicals, critical minerals, raw materials
– Pharmaceuticals and semiconductors products
– Certain lumber articles and electronics  
Algeria30% – effective Aug. 7
Angola15% – effective Aug. 7
Bangladesh20% – effective Aug. 7
Bolivia15% – effective Aug. 7
Bosnia and Herzegovina30% – effective Aug. 7
Botswana15% – effective Aug. 7
Brazil10% – effective Aug.
Brunei25% – effective Aug. 7
Cambodia19% – effective Aug. 7
Cameroon15% – effective Aug. 7
Chad15% – effective Aug. 7
China10% in addition to the 20% IEEPA-Fentanyl tariff during the second 90-day negotiating period that ends Nov. 10
Costa Rica15% – effective Aug. 7
Côte d`Ivoire15% – effective Aug. 7
Democratic Republic of the Congo15% – effective Aug. 7
Ecuador15% – effective Aug. 7
Equatorial Guinea15% – effective Aug. 7
European Union15% – effective Aug. 7
White House Fact Sheet
Falkland Islands10% – effective Aug. 7
Fiji15% – effective Aug. 7
Ghana15% – effective Aug. 7
Guyana15% – effective Aug. 7
Iceland15% – effective Aug. 7
India25% – effective Aug. 7
Indonesia19% – August 7
White House Fact Sheet
Iraq30% – effective Aug. 7
Iraq35% – effective Aug. 7
Israel15% – effective Aug. 7
Japan15% – effective Aug. 7
White House Fact Sheet
Jordan15% – effective Aug. 7
Kazakhstan25% – effective Aug. 7
Laos40% – effective Aug. 7
Lesotho15% – effective Aug. 7
Libya30% – effective Aug. 7
Liechtenstein15% – effective Aug. 7
Madagascar15% – effective Aug. 7
Malawi15% – effective Aug. 7
Malaysia19% – effective Aug. 7
Mauritius15% – effective Aug. 7
Moldova25% – effective Aug. 7
Mozambique15% – effective Aug. 7
Myanmar40% – effective Aug. 7
Namibia15% – effective Aug. 7
Nauru15% – effective Aug. 7
New Zealand15% – effective Aug. 7
Nicaragua18% – effective Aug. 7
Nigeria15% – effective Aug. 7
North Macedonia15% – effective Aug. 7
Norway15% – effective Aug. 7
Pakistan19% – effective Aug. 7
Papua New Guinea15% – effective Aug. 7
Philippines19% – effective Aug. 7
Serbia35% – effective Aug. 7
South Africa30% – effective Aug. 7
South Korea15% – effective Aug. 7
Sri Lanka20% – effective Aug. 7
Switzerland39% – effective Aug. 7
Syria41% – effective Aug. 7
Taiwan20% – effective Aug. 7
Thailand19% – effective Aug. 7
Tunisia25% – effective Aug. 7
Turkey15% – effective Aug. 7 
Uganda15% – effective Aug. 7
U.K.10% – per the U.S.-U.K. Economic Prosperity Deal reached May 8Essentially all imports except certain steel and aluminum articles (including derivatives) subject to 25% Section 232 tariffs.  

Also exempts Annex II product categories listed above.
Vanuatu15% – effective Aug. 7Essentially all imports except certain steel and aluminum articles (including derivatives) subject to 50% Section 232 tariffs.  

Also exempts Annex II product categories listed above.
Venezuela15% – effective Aug. 7
Vietnam20% – effective Aug. 7
 Zambia15% – effective Aug. 7
Zimbabwe15% – effective Aug. 7

Here is the most recent Federal Register notice increasing the Section 232 tariffs to 50% for numerous steel and aluminum article and derivatives.

Canada’s Response

China’s Response

  • China lowered reciprocal tariffs to 10% during the second 90-day negotiation period through Nov. 10.

U.S. – E.U. Trade Agreement

  • Key provisions of the Agreement are provided by the Coalition of American Metal Manufacturers and Users (CAMMU).

The U.S. – U.K. Economic Prosperity Deal

  • The May 8th agreement addresses steel and aluminum tariffs and numerous other trade-related topics.

Additional U.S. Investigations

  • The U.S. Department of Commerce opened a brief three-week comment period (April 16 – May 7) on its Section 232 investigation of the security risks of imports of semiconductors, semiconductor manufacturing equipment and their derivative products. The investigation also covers semiconductor substrates and bare wafers, legacy chips, leading-edge chips, microelectronics and manufacturing equipment components. The final report is due to President Trump Dec. 27, although the administration has stated its intent to move at a faster pace.
  • President Trump initiated a Section 232 investigation to assess U.S. national security risks arising from the country’s increasing dependence on imported smelted and refined copper. Findings are due Nov. 22. 
  • A similar Section 232 investigation is underway for imports of timber, lumber and their derivative products. Findings are due Nov. 26. 
  • Following a Section 301 investigation of China’s targeting dominance in the maritime, logistics and shipbuilding sectors, the U.S. Trade Representative proposed significant service fees on China-bult vessels upon entrance to U.S. ports. NAFEM, the U.S. Chamber of Commerce and 100+ others advocated against the proposal that would increase shipping costs, raise prices and decrease exports and imports.
  • The administration also launched a Section 232 investigation into Brazil’s trade policies. Comments are due August 18 and the U.S. Trade Representative will hold a hearing Sept. 3.

Global Market Access and Conformity Guide

NAFEM’s regularly updated resource to assist in the identification of international certifications, the Global Market Access and Conformity Guide provides certification contact information for fuel type, region and other data points to reduce research time. While this tool is updated periodically, we encourage companies to take all steps necessary to confirm and verify information for your specific products and market needs.

Additional Resources

Questions?

Contact advocacy@nafem.org