#XRPETFs

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## Tariff Updates

The US has imposed a 10% tariff on imported goods from most countries, with higher tariffs on certain countries listed in Annex I. However, there's a 90-day suspension on additional tariffs beyond the base 10% rate for some countries, excluding China.¹

## Tariff Details

- *Base Tariff Rate*: 10% on imported goods from most countries

- *Higher Tariff Rates*: Apply to specific countries, with some exemptions for products like oil, copper, pharmaceuticals, semiconductors, and lumber

- *China*: Subject to separate track with substantially higher tariffs, potentially leading to a trade war

## Impact on Companies

- *Short-term Uncertainty*: Companies face uncertainty about future tariffs and potential retaliatory measures

- *Medium-term Impact*: Dependent on negotiation results and potential changes to tariff rates

- *Publicly Reporting Companies*: May face pressure to disclose tariff impact on their business and earnings

## Recent Developments

- *April 2, 2025*: US announced across-the-board tariffs on imported goods

- *April 9, 2025*: 90-day suspension announced for certain tariffs, with continued negotiations

- *April 10, 2025*: China announced 84% tariff on US goods, prompting further US tariff increases²