#TrumpTariffs

President Donald Trump's tariffs have undergone several updates:

Tariff Rates

- *25% tariff*: Imposed on imports from Canada and Mexico, with Canadian energy resources facing a lower 10% tariff.

- *10% tariff*: Imposed on imports from China, with plans to increase to 20% or even 125% in some cases.

- *Baseline tariff*: A 10% additional tariff on US imports from all countries, with some exceptions.

Affected Countries

- *Canada and Mexico*: $900 billion worth of imports affected, with Canada facing a 25% tariff on most goods and Mexico facing a 25% tariff on all imports.

- *China*: Imports worth around $440 billion affected, with tariffs increasing to 20% above January levels and potentially reaching 125% in some cases.

Sector-Specific Tariffs

- *Cars and parts*: 25% tariffs imposed on imported cars and key parts, effective April 2.

- *Steel and aluminum*: 25% tariffs imposed on all US steel and aluminum imports, effective March 12.

Retaliatory Measures

- *Canada*: Retaliating with 25% tariffs on $107 billion worth of US goods.

- *China*: Imposing tariffs of up to 15% on US agriculture goods.

- *European Union*: Imposing new retaliatory tariffs on roughly €26 billion of US goods exports.