On April 2, 2025, President Donald J. Trump announced reciprocal tariffs on almost all goods from every country in the world, which has trade relations with the US. He is doing this in his opinion to eliminate inequalities in trade, bring production and industries back to America and thus generate government revenue in order to offer citizens tax relief and greater prosperity in return. The future baseline tariff for all foreign-origin goods imported into the US is 10 %, there are higher tariffs for those countries with which the US has a high trade deficit. These tariffs are in addition to any other applicable duties or tariffs. The tariffs in Thailand, Cambodia, Laos and Myanmar are as follows.
Thailand:
Trade balance 2024:
Volume: 81 Billion USD
Exports US to Thailand: 17.7 Billion
Exports Thailand to US: 63.3 Billion
Tariffs announcement: 36 %
Cambodia:
Trade balance 2024:
Volume: 13 Billion USD
Exports US to Cambodia: 321.6 Million
Exports Cambodia to US: 12.7 Billion
Tariffs announcement: 49 %
Laos:
Trade balance 2024:
Volume: 844 Million USD
Exports US to Lao: 40.4 Million
Exports Lao to US: 803.3 Million
Tariffs announcement: 48 %
Myanmar:
Trade balance 2024:
Volume: 734 Million USD
Exports US to Myanmar: 77 Million
Exports Myanmar to US: 656.5 Million
Tariffs announcement: 44 %
Source trade balance: US Trade Representative | Source tariffs: New York Post
The 10 % baseline tariff will take effect at April 5, 2025 at 12:01 a.m. EDT.
The individualized reciprocal tariff will take effect at April 9, 2025 at the same time.
According to the White House these tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated.
Source: The White House
Some goods will not be subject to the reciprocal tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States.
Source: The White House
Articles subject to 50 USC 1702(b) as follows:
(1) any postal, telegraphic, telephonic, or other personal communication, which does not involve a transfer of anything of value;
(2) donations, by persons subject to the jurisdiction of the United States, of articles, such as food, clothing, and medicine, intended to be used to relieve human suffering, except to the extent that the President determines that such donations (A) would seriously impair his ability to deal with any national emergency declared under section 1701 of this title, (B) are in response to coercion against the proposed recipient or donor, or (C) would endanger Armed Forces of the United States which are engaged in hostilities or are in a situation where imminent involvement in hostilities is clearly indicated by the circumstances; or 2
(3) the importation from any country, or the exportation to any country, whether commercial or otherwise, regardless of format or medium of transmission, of any information or informational materials, including but not limited to, publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and news wire feeds. The exports exempted from regulation or prohibition by this paragraph do not include those which are otherwise controlled for export under section 4604 3 of this title, or under section 4605 3 of this title to the extent that such controls promote the nonproliferation or antiterrorism policies of the United States, or with respect to which acts are prohibited by chapter 37 of title 18; or
(4) any transactions ordinarily incident to travel to or from any country, including importation of accompanied baggage for personal use, maintenance within any country including payment of living expenses and acquisition of goods or services for personal use, and arrangement or facilitation of such travel including nonscheduled air, sea, or land voyages.
Source: House.gov
Section 232:
Section 232 lists the tariffs for steel and aluminum, which are set at 25.%. Also auto and autoparts are already tariffed with 25 %.
Source: The White House
