President Trump has announced a new set of tariffs after his August 1st deadline for negotiations with countries passed. The new tariff rates will go into effect August 7th for all countries except Canadian and Indian tariffs set to take effect today.
With several executive orders building on and replacing each other to establish tariff rates, the landscape is somewhat confusing to say the least. And although it seems to change by the minute, NAEDA thought it would be helpful at this point in time to update members on where we sit as of now.
The following table of tariff rates are for those countries that dealers are most likely affected by and reflect what equipment will be or is currently subject to. Additional explanatory notes are included below. For a full list of newly announced tariffs, you can view President Trump's Executive Order.
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