#TrumpTariffs 🛑 What are the current tax rates?

• The "Liberation Day" tax rates: A comprehensive import tax regime was issued in early April 2025 under emergency authority, including a basic tax rate of approximately ~10% for most imported goods along with higher "counter" tax rates (25–50%) targeted at specific countries.

• Current average tax rate: Decreased from around 27% in April to approximately 15.8% by mid-June due to exemptions/delays—but some higher rates still remain. ()

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⏳ What's currently happening?

• Tax deadlines and delays: Trump has postponed the July 9 deadline to finalize the "counter" tax rates, with new higher rates expected to start from August 1. He has warned of an additional 10% tax on countries associated with BRICS.

• Legal hurdles: A federal trade court ruled that the emergency basis for the taxes is invalid, halting collections under IEEPA. That decision is being appealed, so the taxes remain temporarily in effect.