Tariffs
During his second term as president, Donald Trump has announced a range of new tariffs on goods imported into the US.
Notably, on 31 July 2025 Trump signed an executive order imposing tariffs ranging from 10% to 41% on a number of countries and jurisdictions, with the new rates taking effect on 7 August.
Additional tariffs have been imposed on certain countries and types of goods. For example, on 30 July 2025 the White House issued an executive order imposing an additional 40% ad valorem duty on certain products of Brazil. Later, on 25 September, Trump announced new tariffs on drugs, trucks and kitchen cabinets.
However, on 20 February 2026 the US Supreme Court ruled that the tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) were illegal, thus invalidating many of the tariffs introduced during the previous year. Subsequently, U.S. Customs and Border Protection issued a bulletin stating that IEEPA tariffs were to be removed from tariff schedules effective 24 February 2026.
Following the Supreme Court ruling, Trump imposed a temporary 10% global tariff under Section 122 of the Trade Act of 1974, to run for a period of 150 days (24 February until 24 July).
Meanwhile, a number of other tariffs previously imposed by Trump — such as industry-specific tariffs on steel, aluminium, lumber and automotives — remain in force regardless of the Supreme Court ruling, as they were put in place under a different legal authority: section 232 of the Trade Expansion Act of 1962.
It is important to note that tariffs are applied based on country of origin (not the country of dispatch), and that — as of 29 August 2025 — the $800 de minimis threshold for commercial shipments no longer applies.
Detailed information on US tariffs can be accessed via the following sources:
In addition, the ICAEW Library maintains a dedicated research guide on tariffs.
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