The current US tariffs and the complex roads that led to them
Fox business host Larry Kudrow discusses the trade and economic policies of President Donald Trump’s “Kudrow.”
As a president Donald Trump’s The August 1 deadline is approaching a multitude of trade contract approaches. Here we look at where US tariffs stand and how they unfolded around the world.
From steel to semiconductors, let’s take a look at Trump’s global tariff developments so far.
Timeline:
February 1st: Trump signs executive orders to impose China’s 10% tariff 25% tariffs in both Mexico and Canada. The executive order cited a national emergency over fentanyl smuggling and illegal immigration.
February 3rd: Trump announces a 30-day suspension on 25% tariffs in Mexico and Canada.
February 4th: A 10% tariff will be enforced on all Chinese imports.
February 10th: Trump announces plans to place it 25% tariff on steel and aluminum Imported.
President Donald Trump has signed an executive order that imposes a 25% tariff on imported steel and aluminum. (Jabin Botsford/Getty Images/Washington Post via Getty Images)
February 13th: president Sign the plan Consider the implementation of “mutual” tariffs on countries that tax or restrict American imports.
February 25th: Trump has ordered a tariff investigation into copper imports, indicating the announcement of potential trade.
March 4th: Trump will impose an additional 10% tariff on Chinese goods, bringing up to 20% collection. Separately, a 25% tariff will be in effect for Mexico and Canada.
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March 5th: Following a meeting with the automaker’s leader FordGeneral Motors, Stellantis and Trump will grant a 30-day exemption for products from Mexico and Canada.
March 12th: A 25% tariff on steel and aluminum will be in effect.
March 13th: Trump is threatening to impose 200% tariffs on European wine and spirit. The empty obligation follows the European Union’s move to tax American whiskey at 50%.
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March 24th: Trump says he will impose a 25% tariff on all imports from any country that purchases Venezuela oil or gas.
April 2nd: During the “Liberation Day” event, Trump announced a 10% universal tariff on all imports, “Mutual” tariff For many countries.
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April 3rd: A 25% tariff will be enforced on foreign-made cars.
April 5th: Universal tariffs in 10% of almost all countries are also valid.
April 9th: Trump’s higher “mutual tariffs” begin just after midnight. A few hours later, the president says he has issued a 90-day suspension on these duties, except for China. Trump has raised tariffs on Chinese products from 104% to 145%, the highest percentage this year.
April 14th: Trump says he is considering a temporary exemption from the US auto industry from tariffs, citing potential negative effects on supply chains.
president Order an inspection on import Computer chips and medicines.
May 3rd: There is a 25% obligation for automotive parts.
Ford CEO Jim Farley said about his company’s commitment to American manufacturing and his reaction to President Donald Trump’s auto tariff relief.
May 4th: Trump has turned his latest tariff threat to Hollywood and proposed a 100% obligation on diplomatic production films.
May 8th: The US and UK announce a Trade Contract. Trump maintains a minimum tariff of 10% on British goods.
May 12th: Washington and Beijing agree to roll back tariffs for 90 days while trade negotiators meet in Geneva. The US has reduced tariffs to 145% to 30%. Meanwhile, China has reduced the 125% tariff on US goods to 10%.
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May 23rd: Trump says he will impose a 25% tariff on everything apple Products when Tech Titan does not agree to make an iPhone in the US
The president said he is considering the possibility. 50% of the European Union obligation Imported from June 1st.
May 25th: Following discussions with EU Commission Committee Ursula von der Leyen, Trump has said he will delay tariffs until July 9th.
European Commission President Ursula von der Leyen is working on a press conference at the end of the EU summit held in Brussels on October 17, 2024. (Getty Images/Getty Images)
May 28th: United States Federation Court blocks some of Trump’s tariffs. Within hours, the administration filed an appeal.
May 29th: A clear victory for Trump, with the US Court of Appeals You can keep your customs duties in place While legal proceedings are unfolding.
June 4th: Steel and aluminum tariffs 2x to 50%.
July 2nd: Trump announces a Trade agreement with Vietnam. The transaction places a 20% tariff on Vietnamese exports and a 40% obligation on transshipping. The collection for transshipping applies to goods made in other countries and then sent to Vietnam as a hub for export. All US goods exported to Vietnam are subject to zero tariffs.
July 7th: The White House announces mutual tariffs will be suspended from July 9th to August 1st.
Products from Korea and Japan According to a trade letter posted to social media by Trump, he is subject to a 25% import tax.
Furthermore, Trump said he would. We will impose a 10% customs duties In a country that is “in line with BRICS’s anti-American policy.” The BRICS Alliance includes Brazil, Russia, India, China, South Africa, Indonesia, Iran, Egypt, Ethiopia and the United Arab Emirates.
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July 8th: The president pledges 50% tariffs Copper import.
July 9th: Trump announces 50% tariffs Brazilian products. The president partially selected Brazil in retaliation for the continued prosecution of the country’s former president, Jia Bolsonaro.
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July 10th: The President announces that he imposes in a true social post Canada’s 35% tariff Because Ottawa did not stop fentanyl flow to the US
July 12th: Trump says the US will place it 30% tariffs in the EU and Mexico In another letter shared about the true society. The new taxation is scheduled to take place on August 1st.