Member DashboardTaxes, tariffs & trade
Updated June 10, 2025
NAFEM informs and represents its members on the complex issues of U.S. taxes, tariffs, and trade, advocating for open and fair policies and rules that maximize market opportunities and cost-effective supply chain sourcing.
Tariff resources
While NAFEM regularly updates this resource page, we recommend regular communication with your customs broker for up-to-the-minute tariff information relative to your business and its products.
Understanding New U.S. Tariff Landscape
(Under President Trump’s second term, as of June 4, 2025)
| Tariff Actions | Countries | Duty Rate | Commodities |
| IEEPA-Fentanyl | Canada | 25% | On essentially all commodities |
| 10% | On potash | ||
| Mexico | 25% | On essentially all commodities | |
| 10% | On energy and potash | ||
| China | 20% | On essentially all commodities | |
| De Minimis no longer apply effective May 2 | |||
| Section 232 | Most all | 50% (effective June 4) | For certain steel and aluminum articles, including derivative (downstream) articles |
| U.K. | 25% | For certain steel and aluminum article, including derivative (downstream) articles (per the U.S.-U.K. Economic Prosperity Deal reached May 8) | |
| Russia | 200% | For aluminum imports | |
| IEEPA-Reciprocal | All (except Canada, Mexico and certain “Column 2” countries) | 10% except for China (effective April 10 for 90 days, or sooner if agreements are reached) | Essentially all commodities, but some exceptions such as goods that are subject or will be subject to Section 232 tariffs: – Steel/aluminum 232; auto/auto parts 232 – Annex II (copper, pharmaceuticals, semiconductors, lumber articles, certain critical minerals, and energy and energy products) See certain electronics and electronic components referenced by Customs and Border Protection. |
| 10% for China (effective May 14 for 90 days, or sooner if an agreement is reached) |
Here is the most recent Federal Register notice increasing the Section 232 tariffs to 50% for numerous steel and aluminum article and derivatives.
Canada’s response
- The Government of Canada maintains a list of U.S. products subject to counter tariffs.
China’s response
- China lowered reciprocal tariffs to 10% during the May 14 to August 12, 90-day negotiation period.
The U.S. – U.K. Economic Prosperity Deal
- The May 8th agreement addresses steel and aluminum tariffs and numerous other trade-related topics.
Additional U.S. investigations
- The U.S. Department of Commerce opened a brief three-week comment period (April 16 – May 7) on its Section 232 investigation of the security risks of imports of semiconductors, semiconductor manufacturing equipment and their derivative products. The investigation also covers semiconductor substrates and bare wafers, legacy chips, leading-edge chips, microelectronics and manufacturing equipment components. The final report is due to President Trump Dec. 27, although the administration has stated its intent to move at a faster pace.
- Despite possessing ample copper reserves, America’s smelting and refining capacity lags far behind global competitors. President Trump initiated a Section 232 investigation to assess U.S. national security risks arising from the country’s increasing dependence on imported smelted and refined copper. Findings are due Nov. 22.
- A similar Section 232 investigation is underway for imports of timber, lumber and their derivative products. According to the White House, “current United States softwood lumber industry has the practical production capacity to supply 95% of the United States’ 2024 softwood consumption. Yet, since 2016 the United States has been a net importer of lumber.” Findings are due Nov. 26.
- Following a Section 301 investigation of China’s targeting dominance in the maritime, logistics and shipbuilding sectors, the U.S. Trade Representative proposed significant service fees on China-bult vessels upon entrance to U.S. ports. NAFEM, the U.S. Chamber of Commerce and 100+ others advocated against the proposal that would increase shipping costs, raise prices and decrease exports and imports.
Global Market Access and Conformity Guide
NAFEM’s newly updated resource to assist in the identification of international certifications. The Global Market Access and Conformity Guide provides certification contact information for fuel type, region and other data points to reduce research time. While this tool is updated periodically, we encourage companies to take all steps necessary to confirm and verify information for your specific products and market needs.
Additional resources
Questions?
Contact advocacy@nafem.org
