Current Tariff Announcements Under Trump Administration

• 25% tariff on all goods from Canada and Mexico (except for USMCA-compliant goods and other notable exceptions).
• 10% tariff on Canadian energy exports.
• 10% tariff on Canadian potash exports.
• 20% supplementary tariff on Chinese imports (increased from the initial 10%).
• 25% tariff on all steel and aluminum imports, with no exemptions.

• Canada:
  • 25% tariff on $41 billion worth of U.S. goods, including steel & aluminum, computers, sports equipment, and cast iron.
• China:
  • 15% tariff on U.S. coal, liquefied natural gas (LNG), chicken, wheat, corn, and cotton.
  • 10% tariff on U.S. crude oil, agricultural machinery, and large-engine cars, and some agricultural products.
• European Union:
  • Tariffs on $28 billion worth of U.S. goods, including beef, motorcycles, bourbon whiskey, and jeans, among others.

February 1, 2025

• United States: President Donald Trump signed executive orders imposing:
  • A 25% tariff on all goods imported from Canada and Mexico, with a reduced 10% tariff on Canadian energy exports (including electricity, natural gas, and oil).​
  • An additional 10% tariff on all Chinese imports, supplementing existing tariffs on various Chinese goods.​
  • These tariffs were initially set to take effect on February 4, 2025. ​

February 3, 2025

• United States: The U.S. announced a one-month delay on the tariffs for Canada and Mexico after both countries agreed to enhance border security measures to combat illegal immigration and drug trafficking.

February 4, 2025

• China: China retaliates to U.S. tariffs by announcing new duties on a variety of American goods, including a 15% tariff on coal and liquefied natural gas products, and a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S., effective Feb. 10.

February 10, 2025

• United States: President Trump announced a 25% tariff on all steel and aluminum imports, affecting all trading partners without exceptions. This tariff was scheduled to take effect on March 12, 2025. ​
• China: Chinese tariffs on U.S. coal, liquefied natural gas, crude oil, agricultural machinery and large-engine cars take effect.

February 13, 2025

• United States: Trump announces a plan for “reciprocal” tariffs, promising to increase U.S. tariffs to match taxes imposed by other countries on U.S. exports.

February 25, 2025

• United States: Trump signed an executive order instructing the Commerce Department to consider whether a tariff on imported copper is needed to protect national security, citing its use in U.S. defense, infrastructure and technologies.

February 26, 2025

• United States: The Trump administration announced plans to impose a 25% tariff on goods imported from the European Union, targeting various sectors, including automobile manufacturers. ​

March 1, 2025

• United States: Trump signed an executive order instructing the Commerce Department to consider whether tariffs on lumber and timber are needed to protect national security, citing the U.S. construction industry and military dependance on those products.

March 4, 2025

• United States: The previously delayed tariffs took effect:​
  • A 25% tariff on all goods from Canada and Mexico (with a 10% tariff on Canadian energy exports).
  • An increase in supplementary tariffs on Chinese imports, from 10% to 20%.​
• Canada: In retaliation, Canada imposed a 25% tariff on $21 billion worth of U.S. goods, with plans to expand these measures to an additional $87 billion USD in the following weeks.
• China: China announced a 15% tariff on imports of chicken, wheat, corn and cotton from the U.S. and a 10% tariffs on imports of other agricultural products.

March 5, 2025

• United States: President Trump grants a one-month exemption for tariffs on imports of automobiles from Mexico and Canada.

March 6, 2025

• United States: President Trump announced an exemption for USMCA-compliant goods from Canada and Mexico, but still plans to impose “reciprocal” tariffs starting on April 2. The announcement also includes an exemption for imports of potash that do not qualify for duty-free entry under the USMCA, reducing the taxes owed to 10% (from 25%).

March 11, 2025

• United States: The White House confirmed that the tariff on steel and aluminum imports going into effect on March 12 would remain at 25% following a proposal by President Trump to increase those tariffs to 50% on imports from Canada. Additionally, following Ontario's suspension of a 25% surcharge on electricity exports to the U.S., Trump retracted a proposal to charge a 25% tariff on Canadian electricity.

March 12, 2025

• United States: 25% tariff on aluminum and steel imports goes into effect, with no exemptions.
• Canada: Canada announced $21 billion USD in retaliatory tariffs on U.S. goods in response to the U.S. escalation of steel and aluminum tariffs.
• European Union: The EU declared countermeasures on $28 billion USD worth of U.S. goods, targeting products such as motorcycles, bourbon whiskey, and jeans, in retaliation for U.S. tariffs on steel and aluminum imports.