2025 U.S. Tariff Update
As of April 2025, the United States has implemented new import tariffs that could affect pricing and lead times for a wide range of industrial products, including hardware and components. Please see Tariff's % by country.
Key Points
- Baseline 10% Tariff on Imports: As of April 5, 2025, a universal 10% tariff applies to most imported goods, regardless of country of origin.
- Country-Specific Tariffs: Higher "reciprocal" tariffs were announced for countries with significant trade surpluses with the U.S., effective April 9, 2025. However, on April 10, these higher tariffs were suspended for all countries except China, reverting to the 10% baseline for others.
- Targeted Product Tariffs: Certain categories, such as steel, aluminum, and automotive parts, have specific tariff rates of up to 25%. For instance, a 25% tariff on imported passenger vehicles and light trucks took effect on April 3, 2025, with tariffs on key auto parts scheduled to begin on May 3, 2025.
Important Updates
- China Tariffs: Tariffs on Chinese imports have escalated significantly, reaching up to 145% as of mid-April 2025. This is part of the ongoing trade tensions between the U.S. and China.
- Electronics Exemptions: Certain electronics, including smartphones and laptops, have been exempted from the new tariffs, except for those imported from China, which still face a 20% tariff.
- De Minimis Rule Changes: The $800 de minimis threshold for duty-free imports from China has been eliminated, effective May 2, 2025, affecting direct consumer purchases.
What This Means for You
- Potential Cost Adjustments: If you source parts or finished goods from overseas, expect possible price increases due to higher import duties.
- Supply Chain Planning: Lead times may fluctuate as importers adjust logistics and sourcing strategies to account for the new tariffs.
- Domestic Sourcing Advantage: Companies like OneMonroe with domestic manufacturing, engineering, and warehousing capabilities may be better positioned to offer more stable pricing and lead times amid global trade changes.
On our website, look for the product attribute: Country of Origin to see what we manufacture in the US.
Have Questions About Tariffs?
The evolving tariff landscape can affect everything from material costs to delivery schedules. At OneMonroe, we’re committed to helping our customers stay informed and prepared. Whether you're trying to understand how the latest import duties may impact your supply chain or you're looking for ways to mitigate rising costs, our experienced sales engineers are here to help. We can help you navigate these challenges and offer a wide variety of domestically manufactured items to keep your projects on track and within budget.
Talk to a Sales Engineer
Our team can provide guidance on sourcing alternatives, lead time planning, and product recommendations based on your needs. We're here to help you navigate change and keep your business moving.
Need more info on how OneMonroe can help you navigate Tariffs?