In depth
This measure responds, according to the US government, to foreign trade and economic practices that have created a significant and persistent trade deficit, weakening the US industrial base and critical supply chains.
Consequently, President Trump will impose higher tariffs ranging from 10% to 50% on all countries with which the US has the largest trade deficits.
In the case of Colombia, a 10% tariff will be imposed on products exported to the US, which will take effect on 5 April 2025, at 12:01 am E.D.T and will remain in effect until President Trump determines that the country has taken significant steps to remedy non reciprocal trade agreements and sufficiently align with the US on economic and national security matters, which could lead to a reduction or limitation in the scope of tariffs.
Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the US.
The tariffs established in the executive order are in addition to any other duties, fees, taxes, exactions, or charges applicable to such imported articles. It is likely that exports from Colombia to the US, covered by the Free Trade Agreement between the two countries, will not be exempt from the 10% tariff.
Finally, the executive order states that if any trading partner retaliates against the US in response to the action taken through import duties on US exports or other measures, the scope of the tariffs imposed may be increased or expanded.
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