#TrumpTariffs Donald Trump's tariff policy is centered around his "America First Trade Policy," which aims to use tariffs as a key component of foreign policy strategy. Here's an overview of the current status ¹:

- *Country-Specific Tariffs:*

- *China*: 34% ad valorem tariff on all products, including Hong Kong- and Macau-origin goods. Additional 10% ad valorem tariff on all U.S.-origin goods effective May 14, 2025.

- *Canada and Mexico*: 0% to 25% tariffs on various goods, with some products exempt from reciprocal tariffs under the USMCA.

- *EU*: 20% ad valorem tariff on all products, with threatened tariffs of 50% and 200% on certain goods.

- *Product-Specific Tariffs:*

- *Aluminum*: 25% tariff on UK-origin products and 50% on all other foreign-origin products, effective March 12, 2025.

- *Automobiles*: 25% ad valorem tariff on non-USMCA compliant fully assembled vehicles and non-Canadian and non-Mexican content of USMCA-compliant vehicles.

- *Agricultural Products*: Threatened tariffs with TBD rates and scope.

Some notable developments include:

- *Reciprocal Tariffs:* Many countries have delayed their reciprocal tariffs until July 9, 2025, including Nigeria, with a 14% ad valorem tariff.

- *Court Rulings:* The Court of Appeals for the Federal Circuit has issued a stay on the Court of International Trade's rulings enjoining certain tariffs, allowing the "fentanyl" and reciprocal tariffs to remain in effect pending appeal.

Key dates to watch:

- *July 9, 2025:* Potential adjustments to tariff rates and import quotas.

- *July 31, 2025:* Oral argument in the case regarding the "fentanyl" and reciprocal tariffs.