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The tariff schedule has 99 chapters under 22 sections, and various appendices for chemicals, pharmaceuticals, and intermediate chemicals for dye.Raw materials or basic substances generally appear in the early chapters and in earlier headings within a chapter, whereas highly processed goods and manufactured articles appear in later chapters and headings.
For example, automotive seats are classified as articles of furniture under heading 94.01, which provides for Seats (other than those of heading 94.02), whether or not convertible into beds, and parts thereof, and more specifically under subheading 9401.20, which provides for Seats of a kind used for motor vehicles.
Since there is no such thing as a 100 percent American-made car, Trump’s tariff plan could impact all new U.S. vehicles. However, some manufacturers will be impacted by tariffs more than others.
More auto tariffs: Ford CEO says 25% tariff on Canada, Mexico would 'blow a hole' in US auto industry Components might come from one country to be made in an engine in another before heading ...
FILE - An employee works on the production line at the Martinrea auto parts manufacturing plant that supplies auto parts to Canada and U.S. plants, in Woodbridge, Ontario, Monday, Feb. 3, 2025.
Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]
The $690 in direct costs from a tariff on Canada would amount to a 0.42% increase in consumer prices overall — just a small fraction of the cumulative 21% price inflation households experienced ...
Trump proposed a 35% tariff on "every car, every truck and every part manufactured in Ford's Mexico plant that comes across the border". [185] Tariffs at that level would be far higher than the international norms (which are around 2.67% for the U.S. and most other advanced economies and under 10% for most developing countries). [186]