Customs Duties During Trump (2025)

1. General Tariffs

On April 2, 2025, President Trump imposed a 10% tariff on all imports to the United States.

Higher tariffs (ranging from 11% to 50%) were imposed on goods from 57 countries, but they were later suspended for most countries, while the 10% tariff remained in effect.

2. Tariffs on China

Tariffs on Chinese imports were raised to 145%, and China retaliated with a 125% tariff on American goods and banned the export of rare metals.

A 90-day truce was reached that reduced American tariffs on China to 30%.

3. Tariffs on Specific Sectors

The United States imposed an additional 25% tariff on steel, aluminum, and cars from all countries.

---

Economic Impact

Inflation

Despite expectations, the inflation rate dropped to 2.3% in April 2025, but prices are expected to rise later as inventory runs out.

Economists expect a price increase of 1.7% over the year, equivalent to about $2800 for each American household.

Risk of Recession

JPMorgan reduced the likelihood of a recession in 2025 from 60% to less than 50% after the truce with China.

Trump's 2025 trade policies reflect an escalatory trend in trade protectionism, with mixed results on the U.S. and global economy. While the truce with China reduced tensions, risks to inflation and future economic growth remain.