#TrumpTariffs Since his inauguration on 20 January 2025, President Trump has wasted no time implementing significant changes to US trade policy. His administration has moved aggressively with a series of tariffs on both countries and specific products:
4 February: 10% tariff on Chinese goods
7 February: temporary tariff exemption for Chinese goods worth less than $800
4 March: doubled tariff on Chinese goods to 20%
4 March: 25% tariff on all goods from Canada and Mexico (excluding Canadian energy), 10% on Canadian energy
7 March: temporary tariff exemption on USMCA compliant goods
7 March: reduced tariff on potash from 25% to 10%
25 March: 25% tariff on aluminium and steel imports
These swift and substantial actions signal a clear return to the "America First" trade policy that defined Trump's previous administration, with both trade rivals and partners experiencing the impact of these protectionist measures