Update on Reciprocal Tariffs and Executive Orders

On April 2, 2025, President Trump announced sweeping tariffs on over 60 countries in hopes of advancing the America First agenda. By using his authority under the International Emergency Economic Powers Act (IEEPA) and via an Executive Order, the following will take effect:

  • Effective Friday, April 4, a 10% base tariff will be placed on all imported goods. President Trump will impose an individualized reciprocal higher tariff on the countries with which the United States has the largest trade deficits. All other countries will continue to be subject to the original 10% tariff baseline.
  • Beginning Wednesday, April 9, individualized tariffs will be placed on 60 countries.
  • For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect and are unaffected by this order. This means USMCA-compliant goods, including citrus, will continue to see a 0% tariff, non-USMCA-compliant goods will see a 25% tariff, and non-USMCA-compliant energy and potash will see a 10% tariff.

The administration states that it has inherited a $49 billion agricultural trade deficit from the previous administration. According to CCM trade data, the citrus trade imbalance is totaled at $1.2 billion.

Please see the linked breakdown of current reciprocal tariffs and a fact sheet on President Trump’s announcement.

 

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