Navigating New Tariffs — Here's What You Should Know

On April 2, 2025, President Donald Trump announced a comprehensive tariff policy, referred to as the "Liberation Day" tariffs.

Here’s what’s happening:

The two-tiered tariff structure

1. Baseline Tariff: A universal 10% tariff on all imported goods, effective April 5, 2025.

2. Country-Specific Tariffs: Higher tariffs targeting specific countries, effective April 9, 2025.

   • China: An additional 34% tariff on top of an existing 20% tariff, resulting in a total of 54%.

   • Vietnam: 46% tariff

   • Taiwan: 32% tariff

   • European Union (EU): 20% tariff

   • Japan: 24% tariff

   • South Korea: 25% tariff

Here is our plan to mitigate the new tariffs policy:

• Conduct daily price discussions with your existing suppliers to provide you with  the latest pricing updates

• Collaborate with suppliers and freight forwarders on pricing optimization strategies to mitigate immediate tariff impacts

• Once market conditions stabilize, identify qualified alternative suppliers

If you haven’t started sourcing with us yet, now’s the time to get ahead of these changes. We’ll help you minimize risk, protect your margins, and stay agile in a fast-moving market.

Sign up today to get ahead: