#TrumpTariffs Key Tariff Actions:

China Trade War: Trump imposed a 145% tariff on Chinese imports, prompting China to retaliate with a 125% tariff on U.S. goods and restrict rare earth exports. A May 2025 agreement reduced U.S. tariffs on China to 30% and Chinese tariffs to 10% for 90 days, aiming to de-escalate tensions.

Canada and Mexico: A 25% tariff was placed on both countries, with a 10% levy on Canadian energy, tied to demands for stronger action against drug trafficking and immigration. USMCA-compliant goods later received exemptions.

Universal and Reciprocal Tariffs: On April 2, 2025, Trump announced a 10% baseline tariff on all imports, with higher “reciprocal” tariffs (up to 60% for some nations) targeting countries with large U.S. trade deficits. These were paused for 90 days for most countries (except China) after global backlash.