The United States will apply a reciprocal tariff 18 percent rate Under Executive Order 14257 of April 2, 2025 (Regulating Imports with a Reciprocal Tariff on Products of Indian Origin, as Amended, to Correct Trade Practices that Contribute to Large and Persistent Annual U.S. Merchandise Trade Deficits) Textiles & Garments, Leather & Footwear, Plastics & Rubber, Biochemicals, Home Decorations, Industrial Productsand certain machinery, and, subject to the successful completion of the Interim Agreement, will eliminate reciprocal duties on a wide range of products. Potential Tariff Adjustments for Alignment Partners Associated with Executive Order 14346 of September 5, 2025 (Modifying Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements), as amended, including generic Pharmaceuticals, Gems and Diamonds and Aircraft Parts.

