Reciprocal tariffs are now in effect on dozens of countries—what now?
The U.S. has implemented reciprocal tariffs ranging from 10% to 41% on select global trading partners, plus a 40% duty on goods found to be transshipped. USMCA-eligible goods remain exempt, but new measures may be coming soon—President Trump has hinted at Section 232 tariffs on semiconductors as early as this week. We also recap recent tariff actions affecting Canada, Mexico, the EU, and Brazil.
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