As of March 1, 2025, President Donald Trump's administration has implemented several tariffs affecting imports from various countries across different continents. Below is a summary of these tariffs by continent and country, along with the commodities/products affected and a comparison to previous importation rates before Trump's re-election in 2024.
North America
Canada
- Current Tariffs (Effective March 4, 2025):
- 10% on energy products, including crude oil and natural gas.
- 25% on all other goods.
- Previous Tariffs (Before 2025):
- No general tariffs; Canada benefited from trade agreements like the United States-Mexico-Canada Agreement (USMCA).
Mexico
- Current Tariffs (Effective March 4, 2025):
- 25% on all goods.
- Previous Tariffs (Before 2025):
- Similar to Canada, Mexico had preferential trade terms under agreements like the USMCA.
Asia
China
- Current Tariffs (Effective February 4, 2025):
- An additional 10% on all goods, on top of existing tariffs of up to 25% from previous trade measures.
- Previous Tariffs (Before 2025):
- Up to 25% on various goods due to the earlier trade war.
Europe
European Union (EU)
- Planned Tariffs (Announced February 26, 2025):
- 25% on various goods, with specific products to be detailed in upcoming announcements.
- Previous Tariffs (Before 2025):
- Standard tariffs as per World Trade Organization (WTO) agreements; no additional tariffs were in place.
Global
Steel and Aluminum Imports
- Current Tariffs (Effective March 12, 2025):
- 25% on steel and aluminum imports from all countries.
- Previous Tariffs (Before 2025):
- 10% on aluminum and 25% on steel from specific countries; many allies had exemptions.
Automobiles
- Threatened Tariffs (Announced February 18, 2025):
- 25% on automobile imports, with implementation details pending.
- Previous Tariffs (Before 2025):
- Standard WTO tariffs; no additional tariffs were in place.
Additional Notes:
- The administration has also threatened 100% tariffs on imports from BRICS nations (Brazil, Russia, India, China, and South Africa) if they pursue a new currency to replace the U.S. dollar as the global reserve currency.
- The European Union estimates that the proposed 25% tariffs could have a significant impact, potentially four times larger than the metal sector tariffs imposed in 2018.
These measures represent a significant shift from previous trade policies, which favored lower tariffs and free trade agreements. The new tariffs aim to address trade imbalances and protect domestic industries but have raised concerns about potential retaliation and global economic implications.
