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Tariffs in the second Trump administration

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President Donald Trump announced a series of steep tariffs on nearly all goods imported to the US. On April 2, 2025, Trump signed an executive order imposing a minimum 10% tariff on all US imports with elevated tariffs on 57 nations and limited exceptions. The general tariffs took effect on April 5.

Trump escalated (or stepped up) an ongoing trade war with China; Baseline tariffs on Chinese imports, were raised to an effective 145% after April 9, 2025.[1] He also (started or) initiated a new trade war with Canada and Mexico (see Second presidency of Donald Trump), by imposing a 25% tariff on most goods from the countries; However, he later (gave or) granted indefinite exemptions for goods compliant with the USMCA (in use since 2020).[2][3] He later (had put in place or) imposed a 25% tariff on imported steel, aluminum, and automotive products from all countries.

The "tariff on steel [... will become ]50 percent",[4] from the first week of June.[5]


Aftermath: The 2025 stock market crash happened in April. Trump is calling April 2, 2025, "Liberation Day".

Exceptions: U.S. authorities said (April 11), that there will be no tariffs on smart phones, laptop computers, hard disks, computer processors, and memory chips.[6][7]


Reactions: [U.S. politicians or] "Democrats call for insider trading investigation", according to media.[8]

Countries

[change | change source]

Asia

[change | change source]
Country or territory Rate More info
 Cambodia 19% [9][10]
 China 30% The 30% tariff, will continue "into early November".[11] Earlier (May 12), officials from the US and China agreed to bring the tariffs down for 90 days. Those tariffs were taken down to 30% (on Chinese things) and (to) 10% on things from the U.S. However, further further negotiations and discussions are being done. Earlier (April), tariffs jumped to "125% ... . But that comes on top of a 20% fentanyl-related tariff that Trump previously [had put in place, on Chinese goods, or] imposed on China", according to media (on April 10).[12] Earlier (April 9), media said that tariffs will "climb to 125 percent".[13][14]
 India 50% "25% in duties on top of an existing 25% tariff", as of the first week of August, according to media.[15] An earlier tariff was 25%, according to media (August 1).[16][17] An earlier tariff, was 27% "reciprocal tariff" for Indian goods; That tariff was applied on April 2.[18]
 Indonesia 19% [19]
 Israel See "Middle East"
 Japan 25% 25% tariff from August 1, 2025, according to media (July 7); The tariff can become lower, if [individual] Japanese companies, [starts or], moves [parts of an individual] company, to the U.S.[20]; The "US President [... said in May, that there now is] a partnership between United States Steel Corp and Nippon Steel Corp of Japan.[21]
 Laos 40% [22]
 Malaysia 25% [10]
 Myanmar 40% 40% tariff[23]
 Philippines 19% [24]
 South Korea 15% [25] 25% tariff from August 1, 2025, according to media (July 7); The tariff can become lower, if [individual] South Korean companies, [starts or], moves [parts of an individual] company, to the U.S.[20]
 Syria See "Middle East"
 Thailand 19% [9] Earlier, 36% tariff (as of 2025's second quarter).[26] No trade deal has been made (as of July 5).[27][28][29] Furthermore, "Thailand is (May 2025) in big ... trouble [... with the U.S. government] over the Uyghur deportation [from Thailand to China,] in February and the [... case] of Paul Chambers, an American academic", according to media; Furthermore, "these two issues come up before [the issue of] tariffs".[30] Earlier (April 2025), Thaksin Shinawatra claimed that negotiations about lowering tariffs, have stopped, and "they [the US] are now acting on information [...] about lawsuits against a number of American citizens".[31][32] Trade talks "had been scheduled for April 23 in" the United States; The talks did not happen, because of a postponement.[33]
 Vietnam 20% "the US will charge 20% tariffs", media said (July 4); Furthermore, there will be "no tariffs on US products".[34] In regard to goods that come from another country (thru Vietnam, and to the U.S.), there will be 40% tariff on those (goods).[20]

Europe

[change | change source]
Country or territory Rate More info
 Ukraine 10% There is "[10 percent tariff or] blanket 10 percent tariffs on ... Ukraine" (as of April 10), according to a U.S. senator; Earlier (April 9), a law was suggested to the U.S. senate, that would take away that tariff; The law proposal is called Supporting American Allies Act.[35][36]
 European Union 15% However, "steel and aluminum [... will still] be subject to 50 percent tariffs", according to media (July).[37][38] Negotiations are supposed to happen.[39] Earlier (and as of April 10), "Some of the EU’s import duties of between 10% and 25% will [be in place, or] come into force on April 15, with others taking effect in May and the remainder in December", according to media (April 10).[40][41] A proposal for a "straight 50% Tariff on the European Union" (from June 1), came from the U.S. president (May 23).[42][43]
 Norway 15% Tariff from August 1, 2025, according to media (July).[41]
  Switzerland 39% [22]

Middle East

[change | change source]
Country or territory Rate More info
 Israel 17% There "[was 10 percent tariff or] blanket 10 percent tariffs on ... Israel" (as of April 10), according to a U.S. senator; Earlier (April 9), a law was suggested to the U.S. senate, that would take away that tariff; The law proposal is called Supporting American Allies Act.[35]
 Syria 41% Tariff or reciprocal tariff, as of April 2, 2025

North America

[change | change source]
Country or territory Rate More info
 Canada 35% [44] Tariff from August 1, 2025, according to media (July).[45]
 Mexico 30% Tariff from August 1, 2025, according to media (July).[38]

South America

[change | change source]

South America,

Country or territory Rate More info
 Brazil 50% Tariff from August 1, 2025, according to media (July).[46]

References

[change | change source]
  1. ↑ Swanson, Ana (2025-04-10). "Trump Has Added 145% Tariff to China, White House Clarifies". The New York Times. ISSN 0362-4331. Retrieved 2025-04-10.
  2. ↑ Ortiz, Erik (2025-03-04). "Trump says tariffs were enacted to curb fentanyl, but U.S. overdose deaths are already declining". NBC New York. Retrieved 2025-03-10.
  3. ↑ Price, Michelle L. (2025-03-06). "How Trump justifies his tariffs — from budget balancing to protecting 'the soul' of America". AP News. Retrieved 2025-03-10.
  4. ↑ https://www.politico.com/news/2025/05/30/trump-steel-tariff-pennsylvania-00378480. Retrieved 2025-05-31
  5. ↑ https://www.vg.no/nyheter/i/KMgMmX/trump-vil-doble-staaltollsatsene-til-50-prosent. Retrieved 2025-05-31
  6. ↑ "Bloomberg: Trump unntar smarttelefoner fra giganttoll". e24.no (in Norwegian Bokmål). 2025-04-12. Retrieved 2025-05-05.
  7. ↑ Bianco, Ali (2025-04-12). "Trump exempts phones, computers from his 'reciprocal tariffs'". POLITICO. Retrieved 2025-05-05.
  8. ↑ https://www.theguardian.com/us-news/2025/apr/11/trump-tariffs-insider-trading-investigation. Retrieved 2025-04-11
  9. ↑ 9.0 9.1 https://www.bangkokpost.com/business/general/3079492/trump-sets-19-tariff-on-thailand-cambodia-after-peace-deal. Retrieved 2025-08-01
  10. ↑ 10.0 10.1 https://www.bangkokpost.com/opinion/opinion/3068466/thaksins-role-in-tariff-talks-raises-questions?tbref=hp. Retrieved 2025-07-14
  11. ↑ https://www.bangkokpost.com/business/general/3085496/trump-extends-china-truce-for-90-days-averting-tariff-hike. Retrieved 2025-08-13
  12. ↑ Iordache, Dan Mangan,Kevin Breuninger,Christina Wilkie,Megan Cassella,Jesse Pound,Ruxandra (2025-04-10). "Trump trade advisor says stock market plunge 'No big deal': Live updates". CNBC. Retrieved 2025-04-11.{{cite web}}: CS1 maint: multiple names: authors list (link)
  13. ↑ "Trump hits pause on trade war". POLITICO. 2025-04-09. Retrieved 2025-04-11.
  14. ↑ https://www.dn.no/utenriks/usa/kina/scott-bessent/usa-og-kina-kunngjor-gjennombrudd-etter-maratonforhandlinger/2-1-1817934. Retrieved 2025-05-12
  15. ↑ https://www.kyivpost.com/post/57686. Retrieved 2025-08-07
  16. ↑ https://www.kyivpost.com/post/57375. Retrieved 2025-08-01
  17. ↑ https://www.kyivpost.com/post/57253. Retrieved 2025-07-30
  18. ↑ Inamdar, Nikhil (April 3, 2025). "Trump tariffs: How will India navigate a world on the brink of a trade war?". BBC. Retrieved April 5, 2025.
  19. ↑ https://www.bangkokpost.com/business/general/3070920/thailand-to-offer-no-tariffs-on-90-of-us-goods. Retrieved 2025-07-17
  20. ↑ 20.0 20.1 20.2 https://e24.no/internasjonal-oekonomi/i/Jbdw2J/donald-trump-varsler-tollsatser-opptil-40-prosent?referer=https%3A%2F%2Fwww.vg.no. Retrieved 2025-07-07
  21. ↑ https://www.bangkokpost.com/business/general/3033470/trump-shocks-markets-by-touting-us-steel-nippon-deal?tbref=hp. Retrieved 2025-05-29
  22. ↑ 22.0 22.1 https://www.nettavisen.no/nyheter/dette-er-trumps-nye-tollsatser/s/5-95-2547903. Retrieved 2025-08-01
  23. ↑ https://www.bangkokpost.com/business/general/3067281/myanmar-junta-chief-asks-trump-for-sharp-reduction-in-40-tariff-rate?tbref=hp. Retrieved 2025-07-11
  24. ↑ https://www.bangkokpost.com/business/general/3073758/trump-agrees-to-small-reduction-in-philippine-tariffs?tbref=hp. Retrieved 2025-07-23
  25. ↑ https://www.bangkokpost.com/business/general/3078912/us-made-trade-deals-with-thailand-and-cambodia-lutnick-says. Retrieved 2025-07-31
  26. ↑ Cite error: The named reference April28y5 was used but no text was provided for refs named (see the help page).
  27. ↑ https://www.bangkokpost.com/business/general/3063208/no-deal-struck-on-us-tariffs?tbref=hp. Retrieved 2025-07-05
  28. ↑ https://www.bangkokpost.com/business/general/3025742/thailand-pitches-trade-proposals-to-us. Retrieved 2025-05-15
  29. ↑ Reporters, Post (2025-05-04). "PM hints at 'secret' tariff deal with US". Bangkok Post. Retrieved 2025-05-05.
  30. ↑ https://www.bangkokpost.com/opinion/opinion/3037611/thailands-false-sense-of-tariff-security?utm_medium=related&utm_source=article_thailand&utm_campaign=click-within-bp. Retrieved 2025-05-30
  31. ↑ Reporters, Post (2025-04-28). "PP calls on govt to drop charges against US academic". Bangkok Post. Retrieved 2025-05-05.
  32. ↑ Limited, Bangkok Post Public Company (2025-04-27). "Thai-US trade talks stall over lese majeste charge against scholar Chambers". Bangkok Post. Retrieved 2025-05-05. {{cite news}}: |last= has generic name (help)
  33. ↑ Reporters, Post (2025-04-29). "'No link' between lese-majeste case and stalled Thai-US trade talks". Bangkok Post. Retrieved 2025-05-05.
  34. ↑ https://www.bbc.com/news/articles/c4gd66q0q7go. Retrieved 2025-07-04
  35. ↑ 35.0 35.1 https://www.kyivpost.com/post/50593. Retrieved 2025-04-11
  36. ↑ Sen. Cortez Masto, Catherine [D-NV (2025-04-09). "S.1364 - 119th Congress (2025-2026): A bill to exempt articles imported from Israel or Ukraine from duties imposed under the Executive Order entitled "Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits"". www.congress.gov. Retrieved 2025-04-11.
  37. ↑ https://www.politico.eu/article/us-and-eu-strike-trade-deal/. Retrieved 2025-07-27
  38. ↑ 38.0 38.1 https://www.bangkokpost.com/business/general/3067881/trump-announces-30-tariffs-on-eu-and-mexico?tbref=hp. Retrieved 2025-07-12
  39. ↑ https://www.bbc.com/news/articles/cdd2mz719yvo. Retrieved 2025-05-26
  40. ↑ https://www.kyivpost.com/post/50506. Retrieved 2025-04-10
  41. ↑ 41.0 41.1 Elgaaen, Vilde; Johnsen, Alf Bjarne; Lien, Kyrre (2025-04-09). "Setter ned straffetoll for 75 land: – Med umiddelbar virkning". VG (in Norwegian). Retrieved 2025-04-11.
  42. ↑ Breuninger, Kevin (2025-05-23). "Trump recommends 50% tariff on European Union starting June 1". CNBC. Retrieved 2025-05-23.
  43. ↑ https://www.nettavisen.no/nyheter/trump-sier-han-ikke-er-interessert-i-en-tollavtale-med-eu/s/5-95-2449536. Retrieved 2025-05-24
  44. ↑ https://www.nrk.no/nyheter/usa-oker-tollen-mot-canada-til-35-prosent-1.17512252. Retrieved 2025-08-01
  45. ↑ https://www.vg.no/nyheter/i/dRKL91/trump-varsler-35-prosent-toll-paa-canadiske-varer. Retrieved 2025-07-11
  46. ↑ https://www.nettavisen.no/nyheter/trump-innforer-50-prosent-toll-pa-varer-fra-brasil/s/5-95-2523149. Retrieved 2025-07-10


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