On August 7, a new Annex I of the Executive Order, Further Modifying the Reciprocal Tariff Rates will take effect. The new Annex I modifies many country rates to 15% with only a few countries increasing their rate, and many countries being added to the list.
If a country is listed on Annex I, the associated country rate will replace the 10% baseline rate that has been in effect since April. The only exception is China (including Hong Kong and Macau), which increases on November 10.
Here’s a Reciprocal Tariff Tracker to help you keep track of the official rates vs. proposed and trade deal rates.
Reciprocal Tariff Tracker
Countries not listed will continue being subject to the 10% baseline reciprocal tariff rate.
The new July 31 Annex I higher reciprocal rates will take effect on August 7, 2025. On September 4, the U.S. and Japan reached a deal for a rate similar to the E.U., which is retroactive to August 7.
China (including Hong Kong and Macau) 34% rate is paused until November 10, 2025.
*The higher reciprocal rate for China (includes Hong Kong and Macau) is scheduled to go into effect on November 10, 2025.
**European Union countries include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta and Gozo, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
*** Japan and the European Union is subject to a 15% total tariff rate which include the general rate of duty and reciprocal tariff, unless the general rate of duty is at least 15%, then the reciprocal rate is zero percent.
Have Questions? Contact your local NNR Representative.
We will continue to monitor this tariff action and provide updates as they become available.
