President Donald Trump has imposed sweeping tariffs on U.S. trading partners and promised that moജre will be implemented.

The tariffs, a 澳洲幸运5开奖号码历史查询:cornerstone of 🔜Trump's economic plan, have ever-changing parameters and deadlines. Some tariffs have been used as bargaining chips with other countries, while others are designed to bring manufacturing and jobs back to the U.S. They are also a way the president plans to 澳洲幸运5开奖号码历史查询:offsওet soꦯme of the government's spending.

However, Trump's 澳洲幸运5开奖号码历史查询:on-again, off-again approach to tariff policy has 澳洲幸运5开奖号码历史查询:created uncertainty in the economy. Businesses and consumers alike 澳洲幸运5开奖号码历史查询:worry that inflation will rise and that the economy could be 澳洲幸运5开奖号码历史查询:headed toward a recession, and that uncertainty has weighed on investor sentiment, sending 澳洲幸运5开奖号码历史查询:stocks sharply lower in recent months.

Investopedia has worked to gather all of Trump's tariff proposals. Only those with some level of detail (either the proposed rate or the date it is to be enacted) and documentation are included. This page will be updated regularly as parameters change or more information becomes available.

Tariffs on Countries

A Closer Look

Mexico:  President Donald Trump announced trade policies on Mexico 澳洲幸运5开奖号码历史查询:before he even took office. Since then, the policy toward our neighbors to the south has 澳洲幸运5开奖号码历史查询:changed a number of times.

In the latest move, Trump taxed all items from Mexico at 澳洲幸运5开奖号码历史查询:a flat 25% rate but then quickly 澳洲幸运5开奖号码历史查询:made exceptions for USMCA goods. Those exceptions c🍷over a bulk of what would be taxed and Mexico was exempt from additional "reciprocal" tariffs announced on April 2.

On May 28, a U.S. court 澳洲幸运5开奖号码历史查询:blocked the tariff, but a higher court paused the block the next day. However, a higher court 澳洲幸运5开奖号码历史查询:temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appe♎al.

Canada: Canada has 澳洲幸运5开奖号码历史查询:largely shared Mexico's plight under Trump's trade policies but has sometimes faced additional tariffs as 澳洲幸运5开奖号码历史查询:Ottawa has hit back. Any non-USMCA items from Canada are taxed at a 25% rate, but🦩 that could change on April 2, the president said. Energy resources and potash were later included in tariffs on our northern neighbors and taxed at 10%. More tariffs on the country, such as on dairy and lumber products, could also be enacted. Canada was exempt from addit🦹ional "reciprocal" tariffs announced on April 2.

On May 28, a U.S. court 澳洲幸运5开奖号码历史查询:blocked the tariff, but a higher court paused the block the next day. However, a higher court 澳洲幸运5开奖号码历史查询:temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

Venezuela: While the V﷽enezuelan taxes are geared toward the South American country, they will actually be implemented on others. The 25% tariff will be imposed on goods imported into the U.S. from countries that buy Venezuelan oil. This could include China, the Dominican Republic, India, Malaysia, Russia, Singapore, Spain, and Vietnam.

Oil 澳洲幸运5开奖号码历史查询:accounts for more than 80ꦚ% o𒈔f Venezuela's exports and more than 17% of its gross domestic product (GDP), and these tariffs are intended to affect the country♈'s economy. Trump has targeted Venezuela because he says it is "an unusual and extraordinary threat to the national security and foreign policy of the United States."

China: In April, the U.S. and China got into a trade spat, resulting in a 145% tariff on Chinese goods coming into the U.S. China levied import taxes on American goods 澳洲幸运5开奖号码历史查询:at a rate of 125%. Howeve🤡r, after talks in Switzerland in early May, the two countries agreed to a 90-day reprieve, and tariffs on Chinese imports currently sit at 30%. In exchange, the Chinese government is lowering tariffs on U.S. goods entering its country to 10%.

On May 28, a U.S. court 澳洲幸运5开奖号码历史查询:blocked the tariff, but a higher court paused the block the next day. However, a higher court 澳洲幸运5开奖号码历史查询:temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

European Union: In late May, Trump suggested implementing a broad 50% tariff on goods from the European Union. The threat was seemingly in response to stalled negotiations between the two countries. But after reportedly talking with Ursula von der Leyen, the President of the European Commission, Trump pulled back on his threat until the July deadline for "reciprocal" tariffs. If an agreement isn't reached by that time, the 50% tariff for all 27 nations in the EU would be implemented.

Tariffs on Items, Sectors or Industries

A Closer Look

Reciprocal: Reciprocal tariffs are the most widespread trade policy of Trump's administration thus far. Under the plan, each country has a 澳洲幸运5开奖号码历史查询:different tariff levied against it. The tariffs take into account the trade deficit with each country and 澳洲幸运5开奖号码历史查询:aren't solely basꦬed on import duties charged on U.S. goods.

Trump paused these tariffs for 90 days in order to negotiate trade deals with more than 75 countries, he said on April 9, just hours after the tariffs were implemented. On April 12, the Trump administration released guidelines to U.S. Customs and Border Protection that said smartphones, computers, and semiconductors were exempt from these 'reciprocal' tariffs.

A U.S. trade court 澳洲幸运5开奖号码历史查询:blocked the 10% baseline tariff during the 90-day pause on May 28. However, a higher court 澳洲幸运5开奖号码历史查询:temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

Automobiles: In his attempt to bring manufacturing back to the U.S., Trump is building a wall around U.S. automaking. The import tax on cars outside of the country 🎶will be permanent, and🌳 all parts will eventually be included.

It's unclear 澳洲幸运5开奖号码历史查询:whether this manufacturing play willꦛ work. U.S. labor is still more costly than that of other countries. Analysts said that for many companies, it could still be cheaper to pay the tariff than to move v🅠ehicle manufacturing operatio𝕴ns.

On April 29, Trump signed an executive order that exempted imported vehicles from other tariffs, such as the steel tariff or the 10% tariff on goods from most countries.

Pharmaceuticals: Trump has mentioned pharmaceutical tariffs in a number of press conferences but has not l🃏aid out any 🐎specific plans beyond the comments.

Speaking at an event on April 9 hosted by the National Republican Congressional Committee, Trump said his administration will "be announcing very shortly a major tariff on pharmaceuticals."

In the past, Trump said import taxes on medications could be a tax of 25% or higher and could increase over a year to give companies an on-ramp. Prescription drug prices have been 澳洲幸运5开奖号码历史查询:a particular area of concern for voters, but like w🐠ith most tariffs, this could push up the 💃price for those medications.

Semiconductors, computers, and smartphones: While there is a reprieve from reciprocal tariffs on semiconductors, computers, and smartphones, an industry-specific tariff on these technologies is on the way, according to Trump and his representatives. It's unclear when the tariff will be implemented or how much the levy will be, but on April 14, Commerce Secretary Howard Lutnick said they are 'coming soon.'

One significant exception is Apple's iPhone, which was under scrutiny from Trump in late March. Trump said the administration will impose a tariff of 澳洲幸运5开奖号码历史查询:"at least" 25% on iPhones made outside the U.S., where 澳洲幸运5开奖号码历史查询:most of its signature smartpho꧑nes are made. At least one analyst said there's澳洲幸运5开奖号码历史查询: no way for the tech giant to shift the manufacturing of the iPhone to the U.S.

Update, May 29, 2025: This article was updated with information on the ruling by the United States Court of International Trade. It was originally published on March 25.