Q2 2025 Tariff Update
New U.S. tariffs target imports from key countries, impacting global markets
UPDATE 04/09/25
The White House paused the sweeping reciprocal tariffs imposed last week, saying dozens of countries had reached out to negotiate new trade deals.
The announcement came as a relief to global markets, U.S. allies, and many advisers, following growing concerns over a potential global crisis. Despite easing some concerns, the President held steady on the 10% baseline tariffs and escalated tariffs on China to 125%
04/02/25
The White House announced a comprehensive tariff strategy, introducing a universal 10% tariff on all imported goods, effective April 5, 2025. The plan also introduced higher, country-specific "reciprocal" tariffs on approximately 60 nations, starting April 9, 2025. These additional tariffs were calculated based on perceived trade imbalances and barriers (MarketWatch, April 2025).
ACR’s response is grounded in years of strategic investment to diversify our supply base, across North America and globally, enabling us to leverage an agile, collaborative, and reliable network that includes domestic manufacturing and supports continued value delivery. As foreign governments evaluate their tariffs on U.S. imports, there may be potential to revise the recently implemented tariffs in response. We will continue to closely monitor these developments and provide timely updates as new information emerges.
