#TrumpTariffs Trump signed Executive Order 14257 invoking emergency powers (IEEPA) to impose a 10% baseline tariff on nearly all imports, with higher rates (20–54%) for countries with large trade deficits .

The de minimis exemption was eliminated for low-value parcels from China and Hong Kong (raising duties up to 120%) .

2. Steel, Aluminum, Auto, & More

Steel/aluminum: 50%

Automobiles & parts: 25%

Country-specific leviess: e.g., 34% on China, 24% on Japan, 20% on EU goods .

3. Legal Pushback

On May 28, the Court of International Trade halted the “Liberation Day” tariffs, deeming them beyond executive authority under IEEPA .

Orders were left in place pending appeal as legal battles continue .