Yesterday, President Donald Trump announced 10% across the board universal tariffs on imports from all countries, effective April 5. The 10% will rise to a “reciprocal tariff” rate for roughly 60 countries effective April 9. Trump announced these tariffs at a Rose Garden ceremony at 4:00 pm on Wednesday attended by steelworkers, autoworkers, cabinet members, and members of Congress. This is the latest in several rounds of tariffs announced by the President in his first few weeks in office.
NAW will be hosting a webinar for wholesaler-distributors next Tuesday, April 8 (more details below). In the interim, please read below for an update on how things stand as of this moment.
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