Trump suspends most tariffs, retains a baseline tariff of 10%.

On April 9,Domestic reliable foreign exchange platforms 2025, U.S. President Trump announced a suspension of the previously announced comprehensive reciprocal tariff policy, which was originally set to take effect on April 9. This move temporarily alleviated the high tariff pressures of 11%-50% faced by dozens of economies. Nevertheless, the Trump administration decided to continue imposing a 10% baseline tariff on all goods entering the United States, which took effect on April 5. Meanwhile, Trump stated that tariff measures in specific industries will continue, and more tariff policies may be implemented in the future.

Specifically, the Trump administration announced that the 25% tariffs on steel and aluminum products, as well as the 25% tariffs on cars and auto parts, remain in effect. These measures have been effective since March 12 and April 2, 2025, respectively, and are not affected by the suspension. Additionally, auto parts compliant with the USMCA will continue to enjoy zero tariff treatment until the U.S. Customs and Border Protection establishes procedures for imposing tariffs on non-American products.

President Trump also stated on Tuesday that major tariff policies on pharmaceuticals are forthcoming, indicating that the U.S. may further strengthen its trade tariff measures in the future.

This move aims to ease relations with multiple trading partner countries while providing the Trump administration more time to assess the actual effects of various tariff policies and their potential economic impact.

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