#TrumpTariffs In early 2025, President Donald J. Trump imposed new tariffs, building on his first-term policies. As of February 2025, tariffs include:25% on all imports from Canada, with a reduced 10% rate for energy resources.25% on all imports from Mexico.10% on China, increased to 34% by March 4, 2025, as announced in a White House statement (Fact Sheet: President Donald J. Trump Imposes Tariffs on Imports from Canada, Mexico and China).A broader policy, effective April 5, 2025, at 12:01 a.m. EDT, imposes a 10% tariff on imports from all countries, using IEEPA authority to address trade deficits (Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security). This baseline tariff excludes specific goods, such as steel, aluminum, autos under Section 232, copper, pharmaceuticals, semiconductors, lumber, bullion, and certain energy/minerals not available domestically. From April 9, 2025, at 12:01 a.m. EDT, higher reciprocal tariffs will apply to countries with the largest U.S. trade deficits, adjustable based on retaliation or resolution of trade issues.For Canada and Mexico, USMCA-compliant goods face 0% tariffs, while non-USMCA goods are subject to 25%, with non-USMCA energy and potash at 10%. If fentanyl and migration-related orders end, non-USMCA goods may face a 12% reciprocal tariff, as outlined in the same fact sheet.Purpose and RationaleThese tariffs aim to address multiple issues, including:Reducing a persistent U.S. trade deficit, driven by non-reciprocal trade practices and policies like currency manipulation and high value-added taxes (VAT) by other countries, as stated in the April 2025 White House fact sheet.Combatting illegal immigration and drug flows, particularly fentanyl, declared a national emergency under IEEPA, with specific orders targeting Canada, Mexico, and China from February 2025 (Fact Sheet: President Donald J. Trump Imposes Tariffs on Imports from Canada, Mexico and China).