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2025 U.S. Tariffs on Trade Partners

Monitor
Monitor
Published: 
November 25, 2024
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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. Pauses New Tariffs for Most Countries, Raises China Tariff to 125%

U.S. implements 90-day pause on new tariffs for many countries starting April 9. Tariffs on Chinese goods increases to 125%, and blanket 10% tariff on nearly all imports remains in effect.

April 9, 2025
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U.S. Raises Tariffs on Chinese Imports to 104%

The U.S. imposes a 104% tariff on all Chinese imports following China’s pledge to implement 34% retaliatory tariffs on U.S. goods. The U.S. has also raised tariffs on small packages under $800 from 30% to 90%.

April 8, 2025
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U.S. Enforces 10% Tariff on All Imports, with Higher Rates for Select Countries

The U.S. enforces 10% tariff on most imports, with higher rates to go into effect on April 9. These include 24% on Japan, 20% on EU, and 34% on China. An additional 25% tariff on foreign autos and parts also takes effect today.

April 5, 2025
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California Seeks Trade Partnerships and Tariff Exemptions to Protect Key Industries

California officials have been directed to explore new international trade partnerships and request exemptions for state-made products from tariffs. The effort aims to support industries such as manufacturing, agriculture, and construction, and to reduce potential supply chain disruptions linked to changes in federal trade policy.

April 4, 2025
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U.S. and Canada Enact 25% Tariffs on Auto Imports and Exports

As of April 3, a 25% U.S. tariff on all auto imports has taken effect. In response, Canada announced a matching 25% tariff on U.S. auto exports that are not compliant with the CUSMA trade agreement.

April 3, 2025
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U.S. Imposes Broad Tariffs on Imports Effective April 2

The U.S. implemented new tariffs including a universal 10% tariff on all imported goods and additional tariffs ranging from 10% to 50% on dozens of specific countries, set to begin on April 9.

April 2, 2025
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U.S. to Impose 25% Tariffs on Imported Cars and Car Parts

The U.S. will implement a 25% tariff on imported cars and car parts starting next week, citing national security powers. The policy is expected to affect major exporters such as Mexico, Japan, South Korea, and Germany, and may lead to higher vehicle production costs and consumer prices in the U.S. Tariff treatment under the USMCA will vary based on non-U.S. content and is still being finalized.

March 26, 2025
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U.S. Announces 25% Tariffs on Trade with Venezuelan Oil Importers
The U.S. will impose 25% tariffs on all trade with countries that import oil from Venezuela, starting April 2. The policy is expected to affect major importers such as China, India, and Spain, and has already coincided with a reported decline in Venezuelan oil exports.
March 24, 2025
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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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