#TrumpTariffs Here are the latest updates on Trump tariffs:
Country-Specific Tariffs
- *Delayed Tariffs:* Countries like Algeria, Angola, Bangladesh, Bosnia and Herzegovina, and others have had their reciprocal tariffs delayed until July 9, with rates ranging from 12% to 50%.
- *Implemented Tariffs:*
- *Canada:* 25% tariff on $30 billion worth of U.S.-origin goods, with some exceptions.
- *China:* 34% tariff on all products, including Hong Kong- and Macau-origin goods, with some exceptions.
- *Mexico:* 25% tariff on all other products except automobiles and automobile parts subject to Section 232 tariffs.
Product-Specific Tariffs
- *Aluminum:* 25% tariff for UK-origin products and 50% for all other foreign-origin products, effective March 12, 2025, with some exceptions.
- *Automobiles:* 25% tariff, effective April 3, 2025.
- *Agricultural Products:* Tariffs threatened to start on April 2, with rates TBD.
Recent Updates
- The Court of International Trade permanently enjoined two sets of tariffs, but the government has filed an appeal and requested a stay, keeping the tariffs in effect.
- The U.S. and UK have announced an Economic Prosperity Deal, which may lead to adjustments in tariff rates for UK-origin products ¹.