Import Tariffs Latest News and Updates

• 125% reciprocal tariff, which stacks with the 20% supplementary tariff and Section 301/232 tariffs for rates up to 245% on certain commodities.
• 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:
  
  • 125% tariff on all goods imported from the United States.
  • 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.

July 27, 2025

• United States: A new trade deal between the USA and EU has been announced after a meeting between President Trump and Ursula von der Leyen, President of the European Commission. So far, the deal includes the following directives:
  • 15% tariffs on the majority of EU goods. This is down from last week's threatened rate of 30% with no deal in place.
  • Zero for zero tariffs on some goods, such as aerospace equipment and certain raw materials.
  • The 50% tariffs on steel remain in place for now.

• Further details of this deal will be announced pending ongoing negotiations between the two countries.

July 22, 2025

• United States: The Trump administration has proposed the following tariff rates for certain countries that have not yet inked new trade deals with the United States. 
  • Brazil – 50%
  • Cambodia – 36%
  • Canada and Bangladesh – 35%
  • Mexico and the European Union – 30%
  • South Korea and Japan – 25%

• These rates may change before August 1. Secretary of the Treasury Scott Bessent also stated that countries can come to the negotiating table after the August deadline to potentially reduce tariffs later on.
• Secretary Bessent also stated that he is scheduled to meet with an official from China in Sweden during the last week of July. Key talking points will include extending China’s August 12 deadline for trade negotiations to avoid returning to triple-digit tariff rates and discouraging China from importing Russian oil.
• The Philippines signed a trade deal with the US that will see a 19% tariff on most goods imported from the Southeast Asian nation and no tariff on exports to the country from the United States.

June 27, 2025

• United States: Citing an incoming 3% Canadian tax on any tech companies who make $20 million or more per year from customers in Canada, President Trump ended trade negotiations with our neighbor to the north on Friday, June 27. However, Canada relented and agreed to halt plans to begin collecting the tax two days later on the 29th.

June 26, 2025

• United States: Multiple White House officials indicated that the July 8th deadline for imposition of reciprocal tariffs announced in April could be extended for many countries. Press Secretary Karoline Leavitt described the deadline as “not critical” and told reporters an extension wasn’t off the table, but it’s ultimately up to the president.

May 8, 2025

• United States: President Trump and UK Prime Minister Keir Starmer have reached a deal regarding the reduction of trade barriers between their respective countries. The 25% rate on imported automobiles will be reduced for UK-produced vehicles down to the 10% rate that applies to most imports.

April 9, 2025

• United States: Tariffs on goods imported from China have been raised to a minimum of 145% through a combination of pre-existing Section 301 tariffs and executive orders from the U.S. presidential administration.
  • Implementation of country-specific reciprocal tariffs has been paused for 90 days. The 10% ad valorem baseline tariff on all goods imported into the United States remains in effect.
• China: U.S. exports to China will face an 125% tariff effective April 10.

April 3, 2025

• United States: The president unveiled his administration's plans to impose reciprocal tariffs on U.S. trade partners during a ceremony held at the White House Rose Garden on April 3. The plans start with a 10% baseline tariff on all goods imported to the United States. This rate is increased for countries and economic powers with whom the U.S. has notable trade deficits, including:
  • China: an additional 34% on top of the 20% levied earlier in 2025
  • The European Union: 20%
  • Vietnam: 46%
  • Japan: 24%
  • India: 26%
  • South Korea: 25%
• The previously announced 25% tariff on all foreign-manufactured passenger vehicles goes into effect on April 3. Baseline tariffs of 10% will be implemented on April 5, and the higher reciprocal tariff rates are scheduled for April 9.

March 19, 2025

• United States: President Trump has reiterated his plan to impose reciprocal tariffs starting on April 2. In an interview on Monday, March 17, Treasury Secretary Scott Bessent detailed that the White House will assess tariff rates imposed upon the U.S., along with other factors, to determine whether a “tariff wall” should be applied to countries on a case-by-case basis.

  Source: https://www.foxbusiness.com/video/6370184628112 

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.

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 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 5, 2025

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

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 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.

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. ​

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 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 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 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 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 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. ​