U.S TEMPORARILY SUSPENDS RETALIATORY TARIFFS FOR 90 DAYS ON 75 COUNTRIES

Starting April 9, 2025, the United States implemented retaliatory tariffs ranging from 11% to 84% on imported goods from various countries, depending on the tariff rates those countries had imposed on U.S. products.

China, in particular, faces a total tariff rate of up to 145%, which includes 125% in retaliatory tariffs and an additional 20% related to fentanyl and national security concerns.

Vietnam has been hit with a 46% tariff, affecting approximately 90% of its exports to the U.S., including key industries such as seafood, plastics, rubber, wood products, textiles, footwear, machinery, and electronic components.

To mitigate the negative impact, the United States has suspended the implementation of retaliatory tariffs for 90 days on more than 75 countries that have not imposed countermeasures against U.S. goods, allowing time for trade negotiations to take place.

However, China is not included in this list, as it had imposed an 84% retaliatory tariff on U.S. products. As a result, the U.S. increased its retaliatory tariff on Chinese goods to 125%.