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.
*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
***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.