#TrumpTariffs

What Are the Tariffs & How Have They Evolved

• “Liberation Day” tariffs (April 2, 2025): Trump declared sweeping reciprocal tariffs—10% baseline globally, with far higher rates (e.g., 20% on China, 20% on EU, vehicle tariffs, steel/aluminum). This marked the U.S.’s highest effective tariff level (~22.5%) since 1909  .

• Section 232 steel/aluminum tariffs: On June 4, the U.S. hiked figures from 25% to 50%, with UK exempted at 25% .

• IEEPA-based tariffs: April 5 saw a 10% tariff nationwide, rising reciprocally for major trading partners on April 9 .

• March & April measures: Early 2025 saw increases in tariffs on Chinese goods (20%), automobiles, and agricultural exports under reciprocal frameworks