Latest Blog Updates (15 May 2025)
- China confirms 90-day suspension of all U.S. entity blacklistings announced after 2 April 2025
- Cambodia starts trade negotiations with the US
- South Korea announces new support package for SMEs hit by US tariffs
High-Level Findings
- Jurisdictions that have retaliated (3): Canada; China; Hong Kong
- Jurisdictions threatening retaliation (5): Brazil; European Union; France; India; Ivory Coast
- Jurisdictions with offsetting domestic measures (18): Australia; Canada; Chile; China; Chinese Taipei; Colombia; European Union; France; Indonesia; Japan; New Zealand; South Korea; Portugal; South Africa; Spain; Thailand; United Kingdom; Vietnam
- Jurisdictions negotiating or seeking negotiations (35): Australia; Bahamas; Brazil; Brunei Darussalam; Cambodia; Chile; China; Chinese Taipei; Dominican Republic; European Union; Fiji; India; Indonesia; Iraq; Israel; Italy; Japan; Kazakhstan; Laos; Lesotho; Malaysia; Mexico; Myanmar; Norway; Pakistan; Peru; Philippines; South Korea; Singapore; South Africa; Sri Lanka; Switzerland; Thailand; United Kingdom; Vietnam
- Jurisdictions that are considering or made concessions (7): Argentina; Bangladesh; Cambodia; China; Indonesia; Israel; Vietnam
- Jurisdictions that will not take further actions (14): Brunei Darussalam; Cambodia; Falkland Islands; Indonesia; Laos; Malaysia; Montenegro; Myanmar; New Zealand; Philippines; Singapore; South Africa; Thailand; Vietnam
The Details
Retaliated:
Against the Reciprocal Tariffs:
China
- On 22 April 2025, reports emerged that China had requested South Korean companies refrain from exporting products containing Chinese rare earth minerals to US defence firms, warning that failure to comply would result in sanctions. [Media Report]
- On 15 April 2025, reports emerged that China had instructed its national carriers to suspend procurement and deliveries of Boeing aircraft and associated equipment from American companies. [Media Report] On 13 May 2025, China re-allowed the deliveries of Boeing aircraft to carriers, following the joint US-China announcement of 12 May 2025 (see below).
- On 11 April 2025, China's State Council Tariff Commission increased the additional duties applicable to US imports from 84% to 125%. It further specified that it won't issue further hikes in response to the US as "at the current tariff level, there is no market acceptance for US goods exported to China". [Official Announcement] On 12 May 2025, this increase was withdrawn, following the joint US-China announcement of 12 May 2025 (see below).
- On 9 April 2025, the State Council Tariff Commission increased the additional duties applicable to US imports from 34% to 84%. [Official Announcement]
- On 9 April 2025, the Ministry of Commerce added six US defence companies to China's Unreliable Entity List. [Ministry Announcement] On 14 May 2025, a Chinese Ministry of Commerce spokesperson announced the temporary 90-day suspension of this measure (see below).
- On 9 April 2025, the Ministry of Commerce added 12 US companies to China's Dual-Use Export Control List. [Ministry Announcement] On 14 May 2025, a Chinese Ministry of Commerce spokesperson announced the temporary 90-day suspension of this measure (see below).
- On 8 April 2025, China challenged US tariff hikes at the WTO, requesting formal dispute consultations. [Official Announcement]
-
On 4 April 2025, the State Council Tariff Commission announced a 34% additional duty on all US imports effective April 10, 2025. [Official Statement]
-
On 4 April 2025, the Ministry of Commerce imposed export controls on medium and heavy rare earth elements. [Ministry Announcement]
-
On 4 April 2025, the Chinese Government added 16 US companies to China's Dual-Use Export Control List. [Ministry Statement] On 14 May 2025, a Chinese Ministry of Commerce spokesperson announced the temporary 90-day suspension of this measure (see below).
-
On 4 April 2025, the Ministry of Commerce added 11 US defense companies to China's Unreliable Entity List. [Ministry Declaration] On 14 May 2025, a Chinese Ministry of Commerce spokesperson announced the temporary 90-day suspension of this measure (see below).
Hong Kong
- On 16 April 2025, Hongkong Post ceased providing postal services for goods destined for the US in response to the reciprocal tariffs and de minimis treatment changes. Hong Kong said the US was "unreasonable, bullying and imposing tariffs abusively". [Official Statement]
Against Other Tariffs:
Canada
- On 8 April 2025, the United States Surtax Order was published. It details the scope of the affected US automobile imports and confirms the 25% tariff is valid from 9 April 2025. [Government Announcement]
- On 7 April 2025, Canada challenged the US tariffs on automobiles and automobile parts at the WTO. [Official Announcement]
-
On 3 April 2025, Prime Minister Mark Carney announced 25% tariffs on automobiles imported from the United States. [Government Announcement]
-
On 3 April 2025, the Provincial Government of Yukon enacted countermeasures in response to the US auto tariffs. These include terminating Good Energy rebates for Tesla vehicles, reviewing and potentially cancelling non-essential Starlink accounts, and removing government digital communications from X. [Provincial Announcement]
Threatening Retaliation:
Against the Reciprocal Tariffs:
Brazil
- On 14 April 2025, Brazil adopted the Economic Reciprocity Law. The law sets out criterial for responding to "unilateral measures" that "negatively impact Brazil’s international competitiveness". [Government Announcement]
-
On 9 April 2025, Brazil's President Lula da Silva declared that, should diplomatic negotiations prove unsuccessful, the country will either challenge the matter in the WTO or implement reciprocal measures against US imports. [Media Report]
European Union
- On 8 May 2025, the European Commission launched a public consultation on a new countermeasures package against US tariffs. The package includes tariffs on 4'951 products imported from the US —including whiskies and aircraft— as well as export restrictions on five items exported to the US—including certain metal scrap and chemical products. Neither the proposed tariff rates nor the specific types of export restrictions were specified. [Official Announcement]
- On 7 May 2025, an anonymous source stated that the EU announced plans to impose tariffs on Boeing aircraft as part of the new EUR 100 billion proposal targeting US goods. [Media Report]
- On 6 May 2025, sources revealed that the EU is preparing to impose additional tariffs on approximately EUR 100 billion worth of US goods if trade negotiations fail. The new list of retaliatory measures will be shared with member states this week, with a month-long consultation period before finalisation. [Media Report]
- On 29 April 2025, the European Commission reportedly presented to Member States a package of new retaliatory tariff measures against the US, should negotiations fail. [Media Report]
- On 14 April 2025, the EU officially suspended the application of the countermeasures until mid-July. The measure aims "to allow time and space for EU-US negotiations". [Official Announcement]
- On 10 April 2025, Commission President Von der Leyen said the EU would match the pause announced the day prior by the United States. The EU will put the second package of proposed countermeasures on hold for 90 days. [Official Statement]
- On 9 April 2025, the Council of the EU approved the European Commission's package of proposed countermeasures. The duties will come into effect from 15 April 2025, subject to the future publication of the implementing acts in the official gazette. [Official Statement]
- On 3 April 2025, the European Commission stated that they are finalising a package of countermeasures and preparing further actions if negotiations fail. [Official Statement]
France
Ivory Coast
- On 10 April 2025, Agriculture Minister Kobenan Kouassi Adjoumani suggested that his government could "increase the price of cocoa and that will have a repercussion on the price to the consumer". The country taxes cocoa exports. [Media Report]
Against Other Tariffs:
European Union
India
- On 12 May 2025, India notified the WTO about its proposed retaliatory levies on some US goods in response to the US tariffs on steel and aluminium. New Delhi noted that these US "safeguard measures" will adversely impact Indian trade, hence it reserved the right to suspend concessions as a countermeasure. [Official Statement]
Offsetting Domestic Measures:
In Response to the Reciprocal Tariffs:
Australia
-
On 3 April 2025, the Australian government outlined several measures, including subsidies, in response to US tariffs on Australian imports. [Government Announcement]
Chile
- On 10 April 2025, Chile's Minister of Finance unveiled economic measures featuring financial assistance for impacted Chilean exporters and efforts to diversify the nation's export markets. [Official Statement]
China
- On 25 April 2025, the Political Bureau of the Communist Party of China (CPC) Central Committee mandated increased financial support for tariff-affected enterprises and for the development of both domestic and foreign trade. [Official Report]
Chinese Taipei
Colombia
- On 7 April 2025, the Colombian government established a joint public-private sector working group and developed a roadmap to respond to US tariffs. The initiative will focus on evaluating existing trade barriers and crafting a strategic trade diversification plan targeting alternative regional markets. [Government Announcement]
European Union
- On 11 April 2025, EU Commissioner Dombrovskis noted that the EU is working on various responses to address the US tariffs, including strengthening the EU's Single Market and enhancing existing partnerships and “new win-win deals” with third countries. [Official Statement]
France
- On 8 May 2025, France announced a EUR 5 billion re-insurance scheme to support wine and spirits exports to the US. This scheme aims to facilitate exports before the 20% "reciprocal tariff” on EU imports takes effect. [Official Announcement]
Indonesia
Japan
- On 25 April 2025, Prime Minister Ishiba unveiled the "Emergency Response Package in Response to the US Tariff Measures". The package includes financial support for SMEs and corporates as well as gasoline subsidies. [Government Announcement]
- On 3 April 2025, the Ministry of Economy announced state loans and support measures for domestic SMEs from the automotive supply chain. [Ministry Announcement]
Portugal
- On 10 April 2025, Portugal's Council of Ministers approved the "Reinforce Programme", mobilising up to EUR 10 billion to support competitiveness, exports and the internationalisation of the Portuguese economy in response to challenges posed by the tariffs. [Government Announcement]
South Africa
-
On 4 April 2025, the South African government announced it would invest in the industries impacted by the tariffs, while intensifying efforts to diversify export destinations and leveraging the African Continental Free Trade Area (AfCFTA) to bolster intra-continental trade. [Government Announcement]
South Korea
- On 14 May 2025, South Korea announced a new package for SMEs affected by US tariffs, including KRW 4.2 trillion in special guarantee support and a budget increase of KRW 250 billion to KRW 550 billion for the “Emergency Management Stabilisation Fund”. [Official Announcement]
- On 1 May 2025, South Korea's National Assembly approved a supplementary budget that allocated KRW 2.1 trillion for addressing trade vulnerabilities, including tariff impacts, supply chain disruptions, and employment instability. [Official Announcement]
- On 24 April 2025, the Korea Credit Guarantee Fund (KODIT) signed a KRW 200 billion "Financial Support Agreement for Overcoming Mutual Tariff Crises for SMEs and Mid-sized Companies in Innovative Growth Sectors" with the commercial Woori Bank. Under the agreement, SMEs "struggling amidst the uncertainty of the global trade environment" will get guarantees. [Official Announcement]
- On 15 April 2025, South Korea's government pledged over KRW 25 trillion to exporters negatively affected by US tariffs and KRW 4 trillion for a rapid response to enhance the competitiveness of high-tech industries. [Official Announcement].
- On 11 April 2025, Korea’s Export-Import Bank allocated KRW 20 trillion to support Korean exporters deal with the “crisis resulting from changes in the new US administration’s trade policies”. [Official Announcement]
- On 9 April 2025, the Financial Services Commission published a list of emergency support measures for the automobile supply chain. [Government Announcement]
- On 7 April 2025, the Korean government announced the preparation of a programme with a budget of approximately KRW 100 trillion to ensure market liquidity. [Government Announcement]
- On 3 April 2025, South Korea announced emergency support measures for businesses affected by US tariffs. [Government Program]
Spain
-
On 7 April 2025, Catalonia's regional government committed EUR 1.5 billion to support companies affected by US tariffs through its initiative "We Respond: Defense Plan for a Catalunya of Everyone”. [Government Announcement]
-
On 3 April 2025, the Spanish Government announced a EUR 14.1 billion "Commercial Relaunch and Response Plan" to mitigate trade war impacts. [Government Announcement]
Thailand
- On 18 April 2025, EXIM Thailand unveiled five measures to mitigate the impact of US reciprocal tariff policies on Thai entrepreneurs. These measures include establishing an Export Clinic to provide financial support, offering advisory services and helping businesses enter new markets. [Official Announcement]
United Kingdom
- On 13 April 2025, the United Kingdom's government suspended import tariffs on 89 products, ranging from food to furniture, for a two-year period. UK officials cited the "uncertain and unpredictable global trading environment" as the context for this decision. [Government Announcement]
- On 13 April 2025, the United Kingdom's government pledged GBP 20 billion to expand export finance to support exporters affected by the US tariffs. [Media Report]
Vietnam
- On 22 April 2025, Prime Minister Pham Minh Chinh directed Vietnam's State Bank to create soft loans for forestry, fisheries and wood processing sectors hit by new US tariffs. He also instructed the Finance Ministry to assess the tariff impacts and recommend fiscal support for affected businesses and workers by month-end. [Government Announcement]
In Response to Other Tariffs:
Australia
- On 5 May 2025, Australia's Minister for Home Affairs and Arts, Tony Burke, addressed the US announcement of 100% additional tariffs on internationally produced films. He noted that the Australian government is actively monitoring these developments and emphasised that "nobody should be under any doubt that we will be standing up unequivocally for the rights of the Australian screen industry", suggesting financial support for that industry. [Media Report]
Canada
- On 7 April 2025, the province of Ontario unveiled CAD 11 billion in tax deferrals and workplace safety rebates designed to shield its economy from the impact of US tariffs. [Provincial Announcement]
-
On 4 April 2025, the government of Newfoundland and Labrador launched the Seafood Marketing Support Program to support the province's seafood industry. [Government Program]
-
On 2 April 2025, the government of Manitoba announced CAD 140.8 million in support of agricultural producers affected by tariffs. [Provincial Announcement]
South Korea
- On 15 April 2025, the South Korean government pledged additional support for the semiconductor industry worth KRW 7 trillion in 2025 and KRW 4 trillion in 2026. The package includes infrastructure subsidies, direct industry investment and technology development support. These measures have been implemented as semiconductor goods are "expected to be targeted by item-specific tariffs by the US government". [Official Announcement]
New Zealand
- On 5 May 2025, New Zealand's Prime Minister Christopher Luxon responded to the US announcement of 100% additional tariffs on internationally produced films. The PM stated that New Zealand will be "a great advocate, great champion of that sector in that industry," indicating potential financial support if necessary. [Media Report]
Seeking Negotiations or Negotiating:
ASEAN
- On 10 April 2025, the ten Member States of the Association of Southeast Asian Nations (ASEAN) expressed their joint intention to negotiate trade concerns with the US. ASEAN comprises Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. [Official Statement]
Australia
- On 5 May 2025, Australian Prime Minister Anthony Albanese noted that he had a "warm conversation" with US President Donald Trump, where they also discussed tariffs among other topics. They also agree to meet in the future to continue engaging on these topics. [Media Report]
Bahamas
- On 2 April 2025, the Bahamas' Prime Minister's Office announced it would engage with its US counterpart regarding the newly announced tariffs. [Official Statement]
Brazil
- On 5 May 2025, Brazil’s Finance Minister Fernando Haddad confirmed that Brazil and the US are currently negotiating “terms of understanding” in relation to the US tariff policy. [Official Statement]
- On 9 April 2025, Brazil's President Lula da Silva announced that while the country will pursue further negotiations, it stands prepared to implement retaliatory measures if diplomatic efforts prove unsuccessful. [Media Report]
-
On 2 April 2025, Brazil confirmed its willingness to negotiate with the United States as soon as possible, while simultaneously evaluating potential actions in response to trade barriers. [Government Statement]
Cambodia
- On 15 May 2025, Cambodia’s government confirmed the country had engaged in its first round of trade discussions with the US. According to the statement, both sides exchanged views "in a frank and constructive manner" while agreeing to a second round of talks in early June. [Media Report]
Chile
- On 16 April 2025, the Chilean delegation met with the USTR. Both parties established a joint roadmap, including two meetings in the first half of 2015 to address the digital economy, economic security and non-tariff barriers. [Official Statement]
- On 10 April 2025, Chile's Minister of Finance confirmed the country will engage in dialogue with US counterparts through the framework established by the US-Chile FTA. [Official Statement]
China
- On 14 May 2025, a Chinese Ministry of Commerce spokesperson announced the temporary 90-day suspension of restrictions on 28 US companies previously added to China's Dual-Use Export Control List on 4 and 9 April 2025. [Official Statement] It also suspended the inclusion of 17 US companies on the Unreliable Entity List. [Official Statement]
- On 13 May 2025, China reportedly re-allowed the deliveries of Boeing aircraft to carriers, following the joint US-China announcement of 12 May 2025. [Media Report]
- On 12 May 2025, the governments of China and the United States of America released a "Joint Statement on US-China Economic and Trade Meeting in Geneva". In it, China committed to reducing the additional duties on imports from the US from 125% to 10% for "an initial period of 90 days" by 14 May 2025. [Official Statement]
- On 11 May 2025, Vice Premier He Lifeng reported that high-level tasks held in Geneva on May 10-11 resulted in substantial progress and an agreement to establish a China-US economic and trade consultation mechanism. Both countries will finalise details soon and issue a joint statement on 12 May detailing the agreements. [Official Statement]
- On 7 May 2025, China’s Ministry of Commerce confirmed the start of economic and trade negotiations with the US through Vice Premier He Lifeng meeting with US Treasury Secretary Bessent in Geneva during the upcoming days. [Official Statement]
- On 2 May 2025, a Chinese Ministry of Commerce spokesperson stated that the country is currently assessing recent US overtures about tariff negotiations. The spokesperson also noted that the US must demonstrate sincerity by correcting its unilateral tariff measures before meaningful talks. [Official Statement]
Chinese Taipei
- On 3 May 2025, the Taiwanese government informed that the country had concluded its first round of trade consultations with the US two days prior, where they discussed tariffs and non-tariff trade barriers. Both sides expressed their expectation to strengthen economic and trade cooperation and agreed to continue consultations shortly. [Official Statement]
- On 12 April 2025, Chinese Taipei officials confirmed that discussions with the US had begun. They further reaffirmed their proposal for a zero-tariff regime and commitment to "greater purchases and investments in the country". [Media Report][Official Statement]
- On 6 April 2025, Chinese Taipei formed a negotiation team led by Vice Premier Cheng Li-chiun to pursue bilateral zero-tariff treatment with the US. [Official Statement]
Colombia
- On 11 April 2025, the Colombian government declared that it would send diplomatic letters to the US to begin negotiations aimed at reducing the 10 per cent tariff on Colombian imports. [Media Report]
Dominican Republic
- On 21 April 2025, the government of the Dominican Republic confirmed that a delegation would attend an inaugural meeting in Washington the following day to start tariff negotiations with the US. [Government Statement]
European Union
- On 29 April 2025, the European Commission reportedly presented to Member States a package of potential trade concessions in ongoing negotiations with the US. The proposal extends beyond zero-tariff arrangements for automotive and industrial sectors to encompass energy investment and regulatory easing, and bilateral cooperation on addressing Chinese market access barriers and overcapacity. [Media Report]
- On 29 April 2025, Commissioner Jozef Sikela confirmed that the EU had offered concessions to the Trump Administration to reach an agreement. These comments follow US Treasury Secretary Scott Bessent's statement that the EU must resolve "internal matters" such as digital services taxes in some member countries before formal trade negotiations can proceed. [Media Report]
- On 21 April 2025, reports emerged that the EU is exploring mechanisms to facilitate compliance of US gas exports with its methane emissions standards. This measure is being considered as part of ongoing negotiations with the US. [Media Report]
- On 14 April 2025, EU Commissioner Maroš Šefčovič met US Commerce Secretary Howard Lutnick and USTR Jamieson Greer in Washington to kick-start trade negotiations with the US. The Commissioner reiterated that Brussels "remains constructive and ready for a fair deal – including reciprocity through our 0-for-0 tariff offer on industrial goods and the work on non-tariff barriers". [Official Statement]
- On 7 April 2025, the EU offered zero-for-zero tariffs for cars and industrial goods in negotiations with the US. [Official Statement]
Fiji
- On 3 April, the government of Fiji started conversations with its US counterpart to explore options to mitigate them. [Official announcement]
India
-
On 29 April 2025, according to two government officials, India had proposed a "forward most-favoured-nation" clause in its negotiations with the US. The provision, rarely offered by India in the past, would automatically grant the US any better tariff arrangements India might make with other countries in the future.[Media Report]
- On 21 April 2025, Prime Minister Shri Narendra Modi met with the Vice President of the US JD Vance. They welcomed the “significant progress in the negotiations” of the "India-U.S. Bilateral Trade Agreement".[Official Statement]
- On 16 April 2025, Indian officials speaking anonymously declared that the country was considering eliminating tariffs on ethane and LPG imported from the US. This is in addition to LNG and other fuels reported in late March 2025.. [Media Report]
- On 6 April 2025, India confirmed ongoing talks for a deal with the US and plans not to retaliate against the tariffs. [Media Report]
Indonesia
- On 9 May 2025, Indonesia's Energy Minister Bahlil Lahadalia announced plans to gradually shift up to 60% of the country's fuel imports from Singapore to the US within the next six months, as part of the tariff negotiations. [Media Report]
- On 25 April 2025, in Washington DC, Indonesia's Coordinating Minister Airlangga announced plans to boost purchases of US oil, gas and agricultural products whilst implementing deregulation policies affecting import licensing, quotas and local content requirements. These offers were presented during ongoing negotiations with the US. [Official Statement]
- On 18 April 2025, Indonesia's Coordinating Minister of Economic Affairs, Airlangga Hartarto, announced that negotiations with the US had commenced the previous day. Both parties agreed that “the issue of tariff policy and bilateral cooperation (...) will be discussed and resolved within the next 60 days”. [Official Statement]
- On 8 April, Indonesia shared its plan to send a trade delegation to Washington to initiate talks on the latest US tariffs. [Official Statement]
Israel
Italy
- On 6 April 2025, Prime Minister Meloni stated Italy will work toward an agreement with the US to avoid a trade war. [Official Statement]
Iraq
- On 5 April 2025, Iraq's Prime Minister's Office directed its negotiating team to establish an open dialogue with the United States, aiming to strengthen economic and trade relations. The office also announced plans to create commercial opportunities for US distributors and explore cooperation between the countries' banking and financial sectors. [Official Statement]
Japan
Kazakhstan
- On 3 April 2025, Kazakhstan's Ministry of Trade and Integration announced the initiation of consultations with the United States regarding potential exemptions from the additional duties. [Ministry Statement]
Lesotho
- On 4 April 2025, Lesotho's Trade Minister Shelile announced the country was in the process of assembling a high-level delegation for trade talks with the US. [Reuters Report]
Malaysia
- On 25 April 2025, Malaysia's Minister of Investment, Trade and Industry confirmed an inaugural meeting with US counterparts had occurred the previous day. The country expressed willingness to negotiate on reducing the trade deficit, addressing non-tariff barriers, strengthening technological safeguards and a potential bilateral trade agreement. [Official Statement]
- On 7 April 2025, following the inaugural meeting with US counterparts, the Malaysian government announced that bilateral negotiations would proceed within the framework of the Malaysia-US FTA. [Official Statement]
Mexico
- On 1 May 2025, President Sheinbaum reported a positive phone conversation with President Trump, where both governments expressed their desire to reach an improved trade agreement, though no specific deal was reached yet. [Official Statement]
Norway
- On 3 April 2025, Prime Minister Stoere stated that Norway will use every possible way to negotiate with the US regarding the tariffs. [Reuters Report]
Pakistan
- On 5 April 2025, Finance Minister Muhammad Aurangzeb announced plans to send a governmental delegation to the US to negotiate a win-win deal for both countries. [Official Statement]
Peru
- On 9 April 2025, Peru's Minister of Foreign Affairs Schialer requested the suspension of the 10% tariffs on Peruvian imports and the start of negotiations to deepen the bilateral "economic convergence". [Official Statement]
Philippines
- On 25 April 2025, Trade Secretary Cristina Roque announced she would travel to Washington DC from 28 April until 2 May. As part of ongoing trade negotiations, she plans to offer increased purchases of US agricultural products. [Media Report]
- On 7 April 2025, the government is planning on reducing import tariffs affecting US products and will meet with US officials for further negotiations. [Media Report]
Singapore
- On 27 April 2025, Singapore's Deputy Prime Minister and Trade Minister Gan Kim Yong reported having a productive call with US Commerce Secretary Howard Lutnick. The US official clarified that the 10% baseline tariff would remain non-negotiable, yet expressed willingness to explore "creative solutions" to strengthen bilateral trade. [Ministry Statement]
South Africa
South Korea
- On 28 April 2025, South Korea's Vice Industry Minister Park Sung-taek declared that reaching a comprehensive trade agreement with the US before the June presidential election is "theoretically impossible". Nevertheless, South Korea will send a delegation to Washington DC this week to continue working-level discussions. [Media Report]
- On 21 April 2025, Korea confirmed that negotiations with the US would kickstart on 24 April 2025. Deputy Prime Minister Choi Sang-mok and Industry Minister Ahn Deok-geun will meet USTR Jamieson Greer and Treasury Secretary Scott Bessent in Washington. [Government Statement]
- On 7 April 2025, South Korea announced it will discuss with the US side on reducing the 25% tariff rate and minimising the impact on Korean companies. [Government Statement]
Sri Lanka
- On 4 April 2025, Sri Lanka announced its readiness to engage in bilateral discussions with the United States to explore solutions for addressing their trade imbalance. [Ministry Statement]
Switzerland
- On 24 April 2025, Switzerland's President Karin Keller-Sutter declared that Switzerland will be "one of the 15 countries that get, yes, somewhat preferential treatment". During her meeting with US Treasury Secretary Scott Bessent in Washington DC, it was agreed that import duties for Swiss imports would be capped at 10% throughout trade negotiations. [Media Report]
- On 10 April 2025, Swiss President Karin Keller-Sutter confirmed tariff talks with President Trump. She noted that they had agreed to continue discussions in the future. [Media Report]
- On 3 April 2025, the Federal Council instructed the EAER to begin preparatory work on a possible solution with the USA. [Government Announcement]
Thailand
- On 13 May 2025, Prime Minister Paetongtarn Shinawatra confirmed the country had submitted proposals to the US outlining plans to increase US imports and promote investments, hoping to persuade the Trump administration to begin formal talks. [Media Report]
- On 8 April 2025, Thailand unveiled its trade negotiation plans, featuring revised import tariffs and mechanisms to address US concerns about underpriced Thai imports. [Official Announcement]
- On 3 April 2025, Prime Minister Shinawatra announced Thailand would hold talks with the US to lower the 36% tariff. [Media Report]
United Kingdom
- On 8 May 2025, the UK became the first trading partner to announce an agreement with the US resulting from the US "reciprocal tariffs" negotiations. Under the "Economic Prosperity Deal," the UK agreed to preferential import tariff-rate quotas of 13,000 metric tons for beef and 1.4 billion liters of ethanol imported from the US. [Official Announcement]
- On 23 April 2025, a spokesperson for the Prime Minister's office announced that Chancellor Rachel Reeves is meeting US Treasury Secretary Scott Bessent in Washington this week. The British government did not rule out reducing tariffs on automotive imports as part of ongoing trade negotiations. [Media Report]
- On 18 April 2025, Prime Minister Keir Starmer spoke with US President Donald Trump about ongoing trade discussions, reiterating his commitment to free and open trade while emphasising the importance of protecting the UK’s national interests. [Official Announcement]
- On 3 April 2025, the Trade Secretary announced that the government sought a negotiated deal with the US but that they reserved the right to retaliate. [Official Announcement]
Vietnam
Considering or Made Concessions:
Argentina
- On 4 April 2025, President Milei committed to resolving trade asymmetry with the US and instructed officials to change necessary norms. [Presidential Statement]
Bangladesh
- On 3 April 2025, the National Board of Revenue began identifying options to rationalize tariffs on US imports. [Government Update]
Cambodia
China
- On 30 April 2025, reports emerged that China had created a second "whitelist" of US products exempt from its 125% tariffs and is informing companies directly about these exceptions. This list would be beyond the one reported on 25 April, although its scope is unclear. [Media Report]
- On 25 April 2025, reports emerged that a Chinese Ministry of Commerce taskforce was preparing potential exemptions to the 125% tariffs. The taskforce reportedly asked companies to submit requests for items that cannot be sourced elsewhere, with a list of 131 potential product categories already circulating, including semiconductors. [Media Report]
Chinese Taipei
- On 11 April 2025, Chinese Taipei presented US counterparts with a proposal for a zero-tariff regime and committed to "greater purchases and investments in the country". [Media Report]
Indonesia
- On 30 April 2025, the government of Indonesia reduced the minimum local content requirement for government procurement from 40% to 25% [Official Statement]. According to reports, this had been an offer to the US amid trade negotiations. [Media Report]
Israel
- On 1 April 2025, the government announced the cancellation of its remaining tariffs on imports from the United States in anticipation of the Reciprocal Tariff announcement. [Official Statement]
Vietnam
- On 10 April 2025, Vietnam reported constructive meetings between Deputy Prime Minister Ho Duc Phoc and several US officials. Vietnam reaffirmed its commitment to working with the US to maintain stable and sustainable economic and trade relations. [Government Announcement]
- On 5 April 2025, Vietnam offered to remove all tariffs on US imports in response to Trump's action. [Media Report]
Zimbabwe
- On 5 April, the President announced that the country would suspend all import tariffs levied on US goods. [President Announcement]
Not taking further actions
ASEAN
- On 10 April 2025, the ten Member States of the Association of Southeast Asian Nations (ASEAN) committed to refrain from imposing retaliatory measures in response to the US tariffs. ASEAN comprises Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. [Official Statement]
Falkland Islands
- On 4 April 2025, the trade representative of the Falkland Islands' Legislative Assembly, Teslyn Barkman, clarified that they would not be responding with retaliatory tariffs. [Media Report]
Montenegro
- On 7 April 2025, Montenegro's Economy Minister Gjeloshaj confirmed they would not increase duties in response as they are "devoted" to their "unity and partnership with the US". [Media Report]
New Zealand
- On 3 April 2025, New Zealand's Prime Minister clarified that the country would not implement additional tariffs against the United States. [Media Report]
South Africa
- On 11 April 2025, the Minister of Trade, Industry and Competition, Parks Tau, stated that the South African government does not intend to retaliate against the new US tariffs. [Media Report]
Sources we are watching
- Devon Whittle has recently added his own tracker fo reactions to the "reciprocal" tariffs.