Trump’s second term ignites a tariff revolution, slamming key nations with hefty import taxes and linking them to explosive issues like border security and drug wars. These moves promise to flip the script on global trade, but how will the world respond? Dive into the timeline to see the shockwaves unfold.
| Trading Partner | Tariff Rate | Share of U.S. Imports |
|---|---|---|
| E.U. | 10% (paused, previously 20%) | 18.5% |
| China | 145% (125% + 20% existing) | 13.4% |
| Japan | 10% (paused, previously 24%) | 4.5% |
| Canada | 10% (paused, previously 25%) | 12.3% |
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Timeline of Events
White House Clarifies China Faces Up to 245% Tariff on Certain Goods
The White House clarified that China faces up to 245% tariffs on certain imports, combining a 125% reciprocal tariff, a 20% fentanyl tariff, and Section 301 tariffs (7.5%–100%), not a new increase. Announced via a fact sheet with an executive order on critical minerals, the clarification followed China’s 125% tariff hike and Boeing halt. A White House official told Newsweek the rate, notably for electric vehicles, reflects China’s retaliation. This escalation, reported widely, deepens the US-China trade war, raising costs and disrupting trade, with global markets bracing for further economic fallout.------Reference
US Imposes Indefinite Export Ban on NVIDIA H20 Chips to China
China Halts Orders of US-Made Boeing Planes in Retaliation to Trump's Tariffs
U.S. Probes Imports for Potential Tariff Expansion
Trump Signals Temporary Auto Tariff Exemptions
Trump Administration Exempts Smartphones and Electronics from Reciprocal Tariffs
Canada Pushes for Tariff Talks, Holds Retaliation
Japan Seeks Tariff Relief, Avoids Retaliation
China Boosts U.S. Goods Tariffs to 125%
Chinese Ambassador Urges Australia to Defend Trade, Snubbed as Canberra Prioritizes Diversification
China Ups Tariffs to 84% on US Goods Amid Trade War
ASEAN Ministers Vow No Retaliation, Push for US Trade Talks
White House Confirms 145% Tariff on Chinese Imports, Corrects Earlier 125% Claim
EU Suspends Retaliatory Tariffs After Trump’s Tariff Pause
Canada Plans Countermeasures but Seeks Talks on Tariffs
European Union Approves New Retaliatory Tariffs on the U.S.
Trump Pauses Global Tariffs for 90 Days, Hikes China to 125%
White House Raises Tariffs on Small Packages from China to 90%
Trump Threatens China with 50% Tariff Hike Over Retaliation
China Imposes 34% Tariffs on US Goods in Tariff Tit-for-Tat
South Korea Launches Task Force to Counter Trump’s Tariffs
Japan Slams Trump’s 25% Auto Tariffs as "National Crisis"
China Promises Retaliation Against Trump’s Tariff Hikes
Trump Imposes Tax on Small Packages from China, Ends Exemption
Trump Slaps 25% Tariff on Imported Vehicles
EU Plans Countermeasures to New US Tariffs, Says EU Chief
Trump Unveils 10% Global Tariff and Reciprocal Rates on "Liberation Day"
EU Strikes Back with Tariffs on U.S. Goods Over Trump’s Steel, Aluminum Duties
Canada Hits U.S. with $20 Billion in Tariffs Over Steel, Aluminum Duties
Trump Pauses Tariffs on USMCA-Compliant Goods from Canada, Mexico
Mexico Seeks Talks, Avoids Retaliation Against Trump’s 25% Tariffs
China Retaliates with 15% Tariffs on U.S. Agriculture as Trump’s 20% Tariff Hits
Canada Slaps 25% Tariffs on $30 Billion of U.S. Imports in Tariff Retaliation
Tariffs took effect: 25% on all imports from Canada and Mexico, 20% on all imports from China.
Confirmed 25% tariffs on Canada and Mexico, and an additional 10% on China (total 20%), to take effect on March 4.
Trump Signs Fair and Reciprocal Plan, Threatens Global Tariff Hikes
Trump Imposes 25% Global Tariffs on Steel and Aluminum Imports to Protect U.S. Industry
China Hits Back with 15% Tariffs on U.S. Goods as Trump’s 10% Tariff Takes Effect
Trump Announces Canada’s $1.3 Billion Border Plan, Pauses Tariffs for 30 Days to Finalize Deal on Fentanyl and Border Security
Trump Strikes Deal with Mexico to Deploy 10,000 Soldiers to Border, Pauses Anticipated Tariffs for One Month
Trump Imposes 25% Tariff on Imports from Mexico and Canada, 10% on China, Citing Border Security and Drug Threats