The Trump administration implemented a new reciprocal tariff policy in April 2025, imposing a global 10% tariff and differential tariffs on 57 countries with trade deficits with the U.S. While the differential tariffs have been suspended for 90 days for most countries (except China), this policy signals a return to "America First" principles, with tariffs becoming a central trade policy tool to reshape global supply chains and stimulate domestic manufacturing. This report analyzes the tariff implementation, exemption mechanisms, international responses, and strategic implications.
Stay ahead of the curve with this latest 7-page research report detailing the evolving U.S. trade policy landscape under Executive Order 14257 and its global ripple effects. This report offers essential insights into the policy’s timeline, product exemption structure, import market data, and international responses.
Report Scope:
Policy Implementation Timeline
Exemption Structure
- First Wave Exemptions (Strategic Focus)
- Second Wave Exemptions (ICT Focus)
International Response
- Negotiation-Focused Countries (7)
- Countermeasure-Focused Countries (3)
Strategic Implications
- High policy volatility creating supply chain planning challenges
- Exemption lists functioning as both stabilization tool and negotiation leverage
- Formation of distinct trade response blocs accelerating
- Domestic industrial support becoming standard practice
- Market diversification increasingly critical to reduce dependencies
- Country-of-origin verification strengthening globally to prevent circumvention
- Supply chain resilience hinges on diversification and real-time policy monitoring
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Table of Contents
1. Reciprocal Tariffs: Narrowing the Deficit, Boosting U.S. Manufacturing
1.1 90-Day Deferral in Place; 10% Global Tariff Still Applies
1.1.1 Timeline and Policy Rollout
1.1.2 China Faces Escalating Tariffs
1.1.3 Differentiated Tariff Measures on Key Trade Partners
1.1.4 Strategic Implications: A Shift from Multilateralism to Bilateral Leverage
1.2 Tariff Exemptions Extended to Key ICT Products
1.2.1 Initial Scope Covered Strategic Goods, Section 232 Items, USMCA Goods, and U.S.-Origin Components
1.2.2 Second Tariff Exemption List Focuses on Critical ICT Products the U.S. Depends on for Imports
2. Government Responses: Bilateral Negotiations and Countermeasures, Domestic Industry Support
2.1 Mexico, Japan, Vietnam, South Korea, Taiwan, India, and the UK: Engaged in Negotiations for Exemptions to Mitigate Impact
2.2 China, Canada, and the EU: Imposed or Planned Countermeasures to Safeguard National Interests
Appendix
List of Companies
List of Tables
- Table 1: Phase Two Tariff Exemption List: Key Items and U.S. Import Value
- Table 2: Key Countries’ Recent U.S. Negotiation/Countermeasure Strategies and Domestic Industry Support
Methodology
Primary research with a holistic, cross-domain approach
The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.
Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:
Method
- Component supplier interviews
- System supplier interviews
- User interviews
- Channel interviews
- IPO interviews
- Focus groups
- Consumer surveys
- Production databases
- Financial data
- Custom databases
Methodology
- Technology forecasting and assessment
- Product assessment and selection
- Product life cycles
- Added value analysis
- Market trends
- Scenario analysis
- Competitor analysis
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