Jump to content

Tariffs in the second Trump administration

From Simple English Wikipedia, the free encyclopedia

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 raise 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]

In Asia

  • China. On 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).[9] Earlier (April 9), media said that tariffs will "climb to 125 percent".[10][11]
  • India. 27% "reciprocal tariff" for Indian goods; That tariff was applied on April 2.[14]
  • Thailand. 36% tariff (as of 2025's second quarter)[13] A date for trade talks between the U.S. and Thailand, has not been set (as of the middle of May).[15][16]

"Thailand is in big geopolitical 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".[17] 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".[18][19] Trade talks "had been scheduled for April 23 in" the United States; The talks did not happen, because of a postponement.[20]

In Europe:

  • Ukraine; 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.[21][22]
  • EU countries: Tariffs will be paused until July 9, according to the U.S. president; Negotiations are supposed to happen.[23] 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).[24][25] A proposal for a "straight 50% Tariff on the European Union" (from June 1), came from the U.S. president (May 23).[26][27]
  • Norway. 15% tariff (as of April 8); However, the U.S. government made changes (April 9), but media is not sure if those changes, deal with Norwegian goods.[25]

In the Middle East:

  • Israel; There is "[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.[21]

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. ↑ 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)
  10. ↑ "Trump hits pause on trade war". POLITICO. 2025-04-09. Retrieved 2025-04-11.
  11. ↑ https://www.dn.no/utenriks/usa/kina/scott-bessent/usa-og-kina-kunngjor-gjennombrudd-etter-maratonforhandlinger/2-1-1817934. Retrieved 2025-05-12
  12. ↑ https://www.bangkokpost.com/business/general/3033470/trump-shocks-markets-by-touting-us-steel-nippon-deal?tbref=hp. Retrieved 2025-05-29
  13. ↑ 13.0 13.1 Limited, Bangkok Post Public Company (2025-04-28). "Philippines aims to lower US tariff to zero during talks". Bangkok Post. Retrieved 2025-05-05. {{cite news}}: |last= has generic name (help)
  14. ↑ 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.
  15. ↑ https://www.bangkokpost.com/business/general/3025742/thailand-pitches-trade-proposals-to-us. Retrieved 2025-05-15
  16. ↑ Reporters, Post (2025-05-04). "PM hints at 'secret' tariff deal with US". Bangkok Post. Retrieved 2025-05-05.
  17. ↑ 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
  18. ↑ Reporters, Post (2025-04-28). "PP calls on govt to drop charges against US academic". Bangkok Post. Retrieved 2025-05-05.
  19. ↑ 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)
  20. ↑ Reporters, Post (2025-04-29). "'No link' between lese-majeste case and stalled Thai-US trade talks". Bangkok Post. Retrieved 2025-05-05.
  21. ↑ 21.0 21.1 https://www.kyivpost.com/post/50593. Retrieved 2025-04-11
  22. ↑ 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.
  23. ↑ https://www.bbc.com/news/articles/cdd2mz719yvo. Retrieved 2025-05-26
  24. ↑ https://www.kyivpost.com/post/50506. Retrieved 2025-04-10
  25. ↑ 25.0 25.1 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.
  26. ↑ Breuninger, Kevin (2025-05-23). "Trump recommends 50% tariff on European Union starting June 1". CNBC. Retrieved 2025-05-23.
  27. ↑ https://www.nettavisen.no/nyheter/trump-sier-han-ikke-er-interessert-i-en-tollavtale-med-eu/s/5-95-2449536. Retrieved 2025-05-24


Retrieved from "https://simple.wikipedia.org/w/index.php?title=Tariffs_in_the_second_Trump_administration&oldid=10300805"