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In 2025, President Donald J. Trump’s second administration has implemented and threatened a series of steep protective tariffs, significantly impacting global trade. These tariffs, enacted under the "America First Trade Policy," aim to reduce the U.S. trade deficit, boost domestic manufacturing, and address national security concerns. They are imposed primarily through the International Emergency Economic Powers Act (IEEPA) and Section 232 of the Trade Expansion Act of 1962, though legal challenges have questioned their validity. Below is a detailed breakdown based on available information.

Key Tariff Actions in 2025

Universal and Country-Specific Tariffs:

April 2, 2025 ("Liberation Day"): Trump declared a national emergency citing large U.S. goods trade deficits, imposing a 10% baseline tariff on all countries effective April 5, 2025, using IEEPA authority. Additional "reciprocal" tariffs were planned for 57 major trading partners starting April 9, 2025, ranging from 11% to 50% based on trade deficits, but these were paused after a stock market crash.

Fentanyl and Border Security Tariffs: On February 1, 2025, Trump imposed 25% tariffs on Canada and Mexico and 10% on China, citing illegal immigration and fentanyl trafficking as national emergencies. USMCA-compliant goods are exempt, but non-compliant goods face 25% tariffs (10% for Canadian energy and potash).

China-Specific Tariffs: Tariffs on Chinese goods peaked at 145% but were reduced to 30% after a May 14, 2025, trade deal, with China lowering its retaliatory tariffs to 10%. De minimis shipments from China face a 54% tariff or $100 per item.

New Tariff Announcements: On July 4, 2025, Trump announced plans to resume reciprocal tariffs starting August 1, 2025, ranging from 10% to 70%, with letters sent to countries specifying rates. For example, Vietnam’s tariffs were reduced to 20% from 46%