#TrumpTariffs President Donald Trump’s 2025 tariff policies—branded as the “Liberation Day” tariffs—have introduced sweeping changes to U.S. trade relations, sparking global economic and political reactions. 

Features of the Tariff Policy

• Universal 10% Baseline Tariff: Effective April 5, 2025, a 10% tariff applies to imports from nearly all countries, excluding Canada and Mexico. 

• Country-Specific Tariffs: Starting April 9, 2025, higher tariffs target approximately 60 countries. For instance, China faces a combined tariff rate of 54% due to additional levies. 

• De Minimis Threshold Elimination: The $800 duty-free import exemption for Chinese goods was removed on May 2, 2025, with plans to extend this to other countries. 

• Executive Order 14245: Signed on March 24, 2025, this order imposes a 25% tariff on goods from any country importing Venezuelan oil.