The recent wave of tariff actions, spearheaded by President Trump, has set off ripple effects across the global supply chain. Here’s a concise breakdown of what’s happening, what it means, and what’s next:
Base 10% tariffs now apply to nearly all imports into the U.S. as of April 5.
Higher rates for 57 countries kick in on April 9, pegged to perceived trade barriers.
“Reciprocal” means countries with larger U.S. trade deficits face higher tariffs—e.g., China is hit with a 34% reciprocal tariff, plus an extra 20% tied to fentanyl-related measures.
USMCA-compliant goods from Canada and Mexico are exempt from new tariffs.
However, many other goods from these countries still face existing 25% tariffs related to fentanyl and immigration.
Autos and Class 8 trucks built in Mexico remain largely untouched by new tariffs.
Some categories not included in this tariff action:
Steel and aluminum (already covered under other tariffs)
Copper, pharmaceuticals, semiconductors, and lumber (future commodity-specific tariffs expected)
Energy and critical minerals not available in the U.S.
Bullion (gold imports spiked before the announcement—$61B imported Dec–Feb)
Starting May 2, Chinese and Hong Kong imports lose their duty-free status under the $800 threshold.
A flat rate of $25/item applies, rising to $50/item on June 1—part of the fentanyl enforcement crackdown.
The tariff move is being called the biggest tax hike in the post-WWII era.
Stock markets responded with sharp declines.
Concerns are mounting about how these sweeping tariffs could stall growth and raise costs across sectors.
The tariff chessboard is shifting fast—importers had minimal time to act.
Canada and Mexico got a temporary pass on new tariffs (but not all).
China is absorbing the biggest blow, including retaliation on U.S. coal, LNG, and farm equipment.
The freight economy is watching closely, especially as companies front-load inventories and brace for more volatility.
In times of uncertainty and shifting trade dynamics, FTR offers clarity. Our data-driven forecasts and unbiased analysis help companies cut through the noise, anticipate market disruptions, and make smarter supply chain decisions. Whether you're navigating tariff impacts, adjusting procurement strategies, or simply trying to stay ahead of economic shifts, FTR equips you with the tools and insights to act strategically—not reactively. Let us be your trusted partner in navigating what’s next.