Trump's auto tariffs to cover $600 billion in imports, including laptop computers | The Business Standard
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THURSDAY, MAY 22, 2025
Trump's auto tariffs to cover $600 billion in imports, including laptop computers

Global Economy

Reuters
03 April, 2025, 04:40 am
Last modified: 03 April, 2025, 04:42 am

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Trump's auto tariffs to cover $600 billion in imports, including laptop computers

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3, a month after Thursday's midnight activation of 25% tariffs on vehicle imports

Reuters
03 April, 2025, 04:40 am
Last modified: 03 April, 2025, 04:42 am
Cars, made in Morocco and intended for export, wait to be shipped at Tanger Med Port, on the Strait of Gibraltar, east of Tangier, Morocco June 6, 2024. Photo: REUTERS/Abdelhak Balhaki/File Photo
Cars, made in Morocco and intended for export, wait to be shipped at Tanger Med Port, on the Strait of Gibraltar, east of Tangier, Morocco June 6, 2024. Photo: REUTERS/Abdelhak Balhaki/File Photo

US President Donald Trump's 25% auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the US - including laptops - according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3, a month after Thursday's midnight activation of 25% tariffs on vehicle imports.

The list includes tariff codes for engines, transmissions, lithium-ion batteries and other major components, along with less expensive parts including tires, shock absorbers, spark plug wires and brake hoses.

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But a major surprise was the inclusion of the four-digit tariff code covering all computers, which are among the biggest global import categories into the US at $138.5 billion in 2024, according to US Census Bureau data.

The parts list, along with the May 3 timing for tariffs on those imports, was disclosed just before Trump announced a baseline 10% tariff for all US imports, with many countries slapped with higher reciprocal duties meant to counteract non-tariff trade barriers.

Trump auto tariffs: President slaps 25% duties on car imports to US

Senior Trump administration officials said autos and auto parts subject to the Section 232 national security tariffs would not also be charged the separate baseline or reciprocal tariffs. In other words, the auto tariffs do not stack on top of the new reciprocal tariffs, which start on April 5.

More parts could be added to the tariff list, as the White House directed the Commerce Department to establish a process within 90 days for domestic producers to request that other parts imports be targeted.

The notice said that for vehicles qualifying under the US-Mexico-Canada Agreement's rules of origin, importers can pay the 25% duty on only the non-US content of the order.

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