#TrumpTariffs Donald Trump's tariff policy is centered around his "America First Trade Policy," which aims to use tariffs as a key tool in foreign policy. Here's an overview of the current tariff landscape under this policy:

Country-Specific Tariffs

- *China*: Implemented tariffs of 125% on certain products, with a reduced rate of 34% set to take effect on August 12. Additional 10% ad valorem tariff on all U.S.-origin goods effective May 14.

- *Canada and Mexico*: Implemented tariffs on certain products, including:

- *Energy and energy resources*: 10% tariff

- *Potash*: 10% tariff (if not duty-free under USMCA)

- *Dairy products and lumber*: 25% tariff

- *Automobiles and automobile parts*: 25% tariff on non-USMCA compliant vehicles and parts

- *European Union*: Threatened tariffs of 20-200% on certain products, including:

- *Alcohol products*: TBD

- *Digital services taxes*: potential Section 301 investigation

- *Other countries*: Various countries have delayed or threatened tariffs, including:

- *Algeria*: 30% tariff (delayed until July 9)

- *India*: 27% tariff (delayed until July 9)

- *Pakistan*: 30% tariff (delayed until July 9)

Product-Specific Tariffs

- *Aluminum*: 25% tariff implemented on March 12, 2025

- *Automobiles*: 25% tariff implemented on April 3, 2025

- *Automobile parts*: 25% tariff implemented on May 3, 2025

- *Agricultural products*: Threatened tariffs of TBD% starting April 2.