United States of America: President adopted Executive Order regulating imports with a reciprocal tariff to rectify trade practices (Executive Order No. 14257)

On 2 April 2025, the President of the United States issued an executive order introducing tariffs on imported goods. The order applies to all importers into the United States, particularly affecting sectors dependent on global supply chains and imports from designated countries. The order imposes a baseline 10% ad valorem duty on all imports, with higher tariffs for goods originating from specific countries listed in an annexure, citing persistent trade deficits and unfair trade practices. Exemptions apply to strategic materials, imports under the United States-Mexico-Canada Agreement, and goods with significant United States-origin content.