2025 U.S. Tariffs on Trade Partners
Description
Impact Summary: Tariffs postponed for one month on goods for automakers & certain other goods imported from Canada & Mexico. The month-long pause on tariffs comes after requests from U.S. automakers; the remaining pause affects goods compliant with the United States-Mexico-Canada Agreement.
Industries Affected: Automotive, electronics, manufacturing, agriculture, construction, energy, retail
Potential Impact: Increased costs for imported components, potential production slowdowns, shifting supplier relationships.
Recommended Actions: Evaluate supplier diversification, reassess sourcing strategies, explore domestic alternatives.
All updates
U.S. announces possible tariff on alcohol imported from E.U.
The U.S. has announced a possible 200% tariff on alcohol imported from the European Union, in response to the E.U.'s new 50% tariff on U.S. whisky.
March 12, 2025
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U.S. increases tariffs on steel and aluminum imports; E.U. imposes new tariffs on some American products
Steel and aluminum imported to the U.S. are now subject to a 25% tariff. Additionally, the European Union has levied new taxes against a wide variety of American goods.
March 11, 2025
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China levies 15% tariff on American farm products
China has imposed an additional 15% tax on American farm goods, including beef, pork, chicken, and soybeans. According to China's Commerce Ministry, goods currently in transit will be exempt from the tax until April 12.
March 9, 2025
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U.S. pauses tariffs on some Canadian & Mexican imports
The U.S. temporarily pauses tariffs on goods imported from Canada & Mexico if compliant with free-trade agreement called the United States-Mexico-Canada Agreement
March 5, 2025
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U.S. announces one-month delay on auto tariffs
In response to requests by automakers, U.S. announces one-month pause on auto tariffs.
March 4, 2025
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Tariffs go into effect against Canada & Mexico
The U.S. imposes new 25% tariffs on goods imported from Canada & Mexico, and additional 10% tariff on goods imported from China. Additionally, Canada imposes 25% tariff on certain goods exported from the U.S., and China imposes new tariffs of 10-15% against certain goods imported from the U.S.
March 3, 2025
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U.S. announces plans to resume tariffs against Canada & Mexico
The U.S. will move forward with 25% tariffs on goods imported from Canada & Mexico, effective March 4. A new, additional 10% tariff on goods imported from China will go into effect the same day.
February 26, 2025
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Tariffs go into effect against China
Goods imported from China are now subject to a 10% tariff.
February 3, 2025
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U.S. announces pause on tariffs on Canada & Mexico
The U.S. announces one-month pause on tariffs on goods imported from Canada & Mexico.
February 2, 2025
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Tariffs announced on goods from Canada, Mexico & China
The U.S. announces a 25% tariff on goods imported from Canada & Mexico, and a 10% tariff on goods imported from China, to take effect on February 4.
January 31, 2025
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