MEMO: Reciprocal Tariff Announcement

April 10, 2025

Memo from Pegasus Shipping Inc. CHB:

President Trump announced a pause on reciprocal tariffs, replacing country-specific rates with a universal 10% tariff for all trade partners—except China.

China reciprocal tariff rate has now been increased to 125%. This took effect 12:01 a.m. ET on April 10, 2025.
You may refer to for the Customs release notes: https://content.govdelivery.com/accounts/USDHSCBP/...
If you have any questions, please contact our team.

Author
H. Yang
LCB

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