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U.S. Unveils New Tariff Plans

KEY POINTS

Trump administration announced an additional 10% tariff on Chinese imports.
25% tariffs on Canada and Mexico will proceed starting March 4.
Administration threatens 25% tariff on all EU imports, citing trade deficit concerns.
Investigation launched into copper imports, citing national security concerns.
Health systems use SRS to gauge tariff exposure.

By Lauren Palmer February 28, 2025

The Trump administration plans to proceed with 25% tariffs on Canada and Mexico starting March 4 and to add another 10% to tariffs on Chinese imports. The administration also threatened 25% tariffs on EU goods, and launched a copper import investigation.

25% tariff on European Union imports, with the administration citing the U.S. trade deficit as justification. Below is a cumulative list of current and planned tariffs:

25% Aluminum and Steel Tariffs

25% tariff on all steel and aluminum imports into the United States. In addition, a probe into potential tariffs on copper imports was announced on February 27. The probe, modeled after the process used to impose steel and aluminum tariffs, will examine competition from China, Chile, Canada, Mexico, and others.

China Additional 10%

A 10% tariff on all Chinese imports has been in effect since February 4, 2025. An additional 10% will be added on March 4.

Section 301 China tariffs

The Biden administration’s Section 301 tariffs on syringes, needles, respirators, gloves, and facemasks will gradually increase from 25% to 100% in three phases, starting September 27, 2024, followed by January 1, 2025, and January 1, 2026.

Product Group	New Section 301 Tariff Rate	Application Date
Surgical and non-surgical respirators and facemasks (first increase)	25%	September 27, 2024
Syringes and needles (excluding enteral syringes)	100%	September 27, 2024
Rubber medical and surgical gloves (first increase)	50%	January 1, 2025
Disposable textile facemasks (first increase)	25%	January 1, 2025
Disposable textile facemasks (second increase)	50%	January 1, 2026
Surgical and non-surgical respirators and facemasks (second increase)	50%	January 1, 2026
Enteral syringes (exempted in 2024 and 2025)	100%	January 1, 2026
Rubber medical and surgical gloves (second increase)	100%	January 1, 2026

25% Tariffs on Canada and Mexico

President Trump confirmed that tariffs on imports from Canada and Mexico will take effect on March 4th, ending a temporary pause granted after both countries pledged to enhance border security. Initially announced on Feb. 1, the tariffs impact over $918 billion in goods but were briefly postponed after both nations pledged to enhance border security measures. The pause expires next week, reinstating the measures as scheduled.

25% on Pharmaceuticals, Semiconductors, and Autos

President Trump announced 25% tariffs on imported cars, semiconductors and drugs. Auto tariffs may take effect April 2, with pharmaceutical and semiconductor duties potentially increasing throughout the year. The move has ignited concerns over the U.S. medical supply chain, which heavily relies on India and China for generic drugs and active pharmaceutical ingredients.

25% Tariffs on European Union

President Trump said that a 25% tariff on the EU will be announced “very soon”.

How to Assess Your Exposure to Tariffs and Mitigate Risks Proactively

Any health system can set up a 30-minute SRS training session on how leading health systems assess their exposure to tariffs and other risks, and the steps they take to mitigate risks proactively. Simply email SRS Support (support@supplyrisk.com) to schedule a time.

Executives face challenges estimating their exposure to increased costs from tariffs for their health system. There is no one-size-fits-all answer. The following SRS reports can be tailored to the items you buy to assess tariff exposure for your health system:

“Products by Country (Tariff Risk)” – choose any country to see which items you buy are manufactured there (in the Prevent dashboard).
“Products Subject to Section 301 China Tariffs” – downloads current section 301 tariffs on healthcare item made in China (in the Prevent dashboard).
“Products Sites and Risks” – lists manufacturing location for all items you buy from the supplier (in the Prevent dashboard after you drill down on a supplier).
“Supplier Geopolitical Summary” – summarizes exposure for all countries (in the Respond dashboard).

If you have not yet tailored SRS for the items you buy, it’s easy to do so with an SRS subscription.

For additional information, see:

CNBC, Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S., February 27

Reuters, Trump orders new tariff probe into US copper imports, February 25

BBC, Trump says US will impose additional 10% tariff on China, February 27

MedPage Today, Trump Plans to Impose Tariffs on Pharmaceuticals. Here’s What to Know., February 20

Reuters, Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips, February 18

CNBC, Trump says tariffs on Canada and Mexico ‘will go forward’, February 24

MSN, Canada, Mexico to step up fentanyl, border talks this week to avoid Trump’s tariffs, February 23

Supply Risk Solutions, Trump Confirms Canada and Mexico Tariffs Will Take Effect on March 4, February 25

Supply Risk Solutions, Trump Proposes 25% Tariffs on Cars, Chips, Pharma Products, February 20

Supply Risk Solutions, China Counters U.S. Tariffs with Targeted Tariffs, Export Controls, and Investigations, February 4