White House Imposes 10% Tariff on Non-Annex Countries, 15% for Small Deficits

The White House has issued a new executive order creating a tiered tariff regime that extends beyond the existing duties on Chinese goods. Countries not named in Annex I of the order will be subject to a flat 10 % "minimum reciprocal tariff." A senior U.S. official said the same 10 % rate will apply to nations with which the United States runs a trade surplus. Countries registering only a small trade deficit with the United States will face a 15 % levy, while tariff levels for nations listed in Annex I will follow the specific rates detailed there.