TARIFFS

Nonpartisan Analysis:
“U.S. Tariff Policy: Overview” – Congressional Research Service
“Tariffs and Federal Finances: A Thumbnail History” – Congressional Research Service

NYTimes Tariff Tracker
Bloomberg Tariff Tracker
Washington Post Tariff Tracker

Summary of tariffs are currently in effect:

• 25% tariffs on Canada and Mexico remain in effect for non-USMCA goods
• 10% global import tariffs remain in effect
• 145% tariffs on U.S. imports from China are in effect, although Trump has carved out an exception for smart phones, computers, and certain electronics
• China has imposed 125% retaliatory tariffs on U.S. exports
• 25% steel and aluminum tariffs remain in effect
• 25% auto and auto parts tariffs remain in effect
• Trump’s “reciprocal tariffs” were paused for 90 days as of April 9 (reciprocal tariffs are now scheduled to go into effect in early July on about 60 countries including: EU-20%; Japan-34%; Vietnam-46%; S. Korea-25%; Taiwan-32%; India-26%; UK-10%; Switzerland-31%; Thailand-36%)
• In addition, Trump has said he is looking at possible tariffs on semiconductors (computer chips) and pharma products.

Wed, April 23, 2025:
White House Considers Slashing China Tariffs to De-Escalate Trade War; Levies could be cut by more than half in some cases although Trump hasn’t yet made final decision – WSJ
Trump softens tariff tone amid empty shelves warning, market slump – Axios

Tues, April 22, 2025:
Treasury Secretary says trade war with China is unsustainable and expects a “deescalation” – AP
White House claims to be close on Japan, India tariff agreements – Politico
Trump’s trade war will hit US prosperity hard, IMF warns – CNN
European Commission President says countries are ready to work with reliable trade partners in Europe after Trump’s blanket trade tariffs upended global markets – Politico

Wed, April 16, 2025:
Trump’s tariff war is sparking uncertainty for North Carolina farmers – WP
China wants the US to show more respect, have a consistent position, and address Chinese concerns around US sanctions and Taiwan before agreeing to trade talks. – Bloomberg
U.S. Plans to Use Tariff Negotiations to Isolate China; Treasury Secretary Bessent wants trading partners to limit China’s involvement in their economies in exchange for concessions on reciprocal tariffs – WSJ

Tues, April 15, 2025:
European Union Sees a Long US Trade War – Bloomberg
China Orders Boeing Jet Delivery Halt as Trade War Expands – Bloomberg
370 autoworkers in Kokomo, Indiana, were among the first laid off because of Trump’s tariffs. – WP

Mon, April 14, 2025:
China halts critical exports as trade war intensifies. Beijing has suspended exports of certain rare earth minerals and magnets crucial for the world’s car, semiconductor and aerospace industries. – NYT
Trump is looking at eventual tariffs on chips and pharma imports – Bloomberg

Sat, April 12, 2025:
Phones, other electronics exempt from new tariffs, Trump administration says; The exemptions come days after the U.S. trade representative said “the president has been clear” that he does not intend to give exemptions to the tariffs. – WP

Fri, April 11, 2025:
China retaliated against Donald Trump’s latest tariffs by hiking duties on all US goods; Beijing will raise tariffs on all US goods from 84% to 125% starting April 12. – Bloomberg
“With tariffs at levels now set to halt most all trade between the world’s biggest economies, the concern now is that the economic fight could spill into other areas of the relationship. Trump and Xi are locked in a standoff over who will move to deescalate first: Trump has said he’s “waiting” for a call from Beijing, while Chinese officials have repeatedly said they’re open to negotiations but won’t be bullied into talking.”
Small companies account for one-third of US imports; many owners say they can’t absorb price hikes or shift production – WSJ
The U.S. and China Are Going to Economic War—and Everyone Will Suffer; Untangling the two economies has profound implications for businesses and consumers in both countries, as well as the rest of the world – WSJ
Panic Grips World’s Factory Hubs After Trump Tariff Whiplash: Exporters in the poorest countries are grappling with cancelled orders, upended livelihoods and the impossibility of knowing what to do next. “Apart from China, where Trump raised tariffs to 125%, countries flagged for steeper US taxes now have at least another 90 days of reprieve. Should the White House move forward, the duties could carry dire consequences for emerging economies, especially against the backdrop of last month’s cuts to most US foreign aid.” – Bloomberg
Trump’s Climbdown for the Ages – WSJ/Noonan
‘I Hope I Am Wrong, but I Am Pretty Pessimistic’: Four Economists Dissect Trump’s Tariffs – NYTimes
The U.S. economy is for sale; Complexity breeds corruption, and the tariff system is now tailor-made for both. – WP/Zakaria
Waiting for someone to blink in the U.S.-China trade war – Politico

Thurs, April 10, 2025:
Trump dodged a disaster from the bond market, but the damage isn’t over yet;  President Donald Trump’s stunning tariff pivot Wednesday followed massive tumult in the $140 trillion global bond market and particularly in the $47 trillion portion involving U.S. fixed income. – CNBC
Trump has added 145% tariff to China;  White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office. – NYT
U.S. and China Headed for ‘Monumental’ Split, Putting World Economy on Edge. A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere. – NYT
Trump eased one trade war. Another may just be getting started. The president moved to suspend tariffs on dozens of countries Wednesday, but hostilities with Beijing could threaten the economy. – WP
Trump’s Trade Math Ignores a Major Export: American Services – WSJ
President Trump is wielding tariffs to try to close the massive U.S. trade deficit in goods, which he sees as a sign of economic weakness. It is only part of the trade story. While the U.S. buys more goods from abroad than it sells, the opposite is true for services, which include everything from streaming subscriptions to financial advice. Trump left these service exports out of his tariff math, but they are being pulled into his trade wars.

Wed, April 9, 2025:
House GOP moves to prevent vote on repealing Trump’s tariffs – NYT
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies. – NYT
Why Trump blinked on tariffs just hours after they went into effect – WSJ
Trump transforms tariff war into high-stakes showdown with China – WSJ
E.U. hits back at U.S. steel levies hours before Trump’s tariff pause – WP
The 18 hours that changed Trump’s mind on trade – WP
Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports – AP
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.

Mon, April 7, 2025:
Trump threatens to levy 50% additional tariff on China – Bloomberg
Trump threatens additional 50 percent tariffs on China as markets slump; The president said he would impose major additional duties on Beijing if it did not rescind its response to U.S. import dAuties – WP
Bipartisan opposition to Trump’s tariffs is growing. – WP

Sat, April 5, 2025:
As Trump tariffs sink in, conservatives challenge whether they’re legal. – WP
U.S. abandons 80-year era of pursuing globalization; Sky-high tariffs mark a historic break with nearly a century of U.S. policy. – WP

Fri, April 4, 2025:
U.S. companies were getting hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war. – AP
Few sectors were spared in trading Friday, a day after U.S. companies lost $2 trillion in value and finished with their biggest one-day drop since COVID-19 flattened the global economy five years ago.
The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the U.S. on imports from China by imposing a 34% tariff on imports of all U.S. products beginning April 10.
Companies who sell their goods to China were hit hard on Friday, including those in aerospace, agriculture and heavy equipment. – AP
Stocks slide as China imposes retaliatory 34 percent tariffs on U.S. goods; President Trump suggested he might be open to doing deals over tariffs, raising hopes in Japan, Vietnam and Taiwan. But China retaliated. – WP
Congress can end Trump’s phony trade emergency – WP Editorial Bd
Trump’s Trade War Escalates as China Retaliates With 34% Tariffs – NYT
China retaliates: imposes extra 34% tariffs on all US goods from April 10; puts export restrictions on some rare earths from April 4; adds 11 US bodies to ‘unreliable entities’ list – Reuters
Ridiculed for tariffs on frozen islands largely inhabited by penguins, Trump’s formula for calculating those levies has a serious side: it is hitting some of the world’s poorest nations hardest – Reuters
Trump’s Trade War is About to Make Americans Poorer – PPI

Wed, April 2, 2025:
Trump announces 10% tariffs on all imports, additional taxes for 60 countries – WP
Trump Rolls Out Reciprocal Tariffs Around the World; China, Vietnam Among Those Hit with Highest Tariff Rate – Bloomberg
Trump unveils sweeping tariffs in stark shift in trade policy; trading partners face a 10% rate or higher; stock indexes fall sharply in response – WSJ
Trump imposes 10 percent universal tariff, higher for top trade partners – Politico
Jeffries hammers Trump: it’s recession day, not liberation day – The Hill
Four Senate Republicans join with Democrats to rebuke Trump tariff policy in key vote – CNN
McConnell breaks with party to reject Trump’s Canada tariffs; The former Senate Republican leader will likely deliver the deciding vote on a resolution to block a national emergency used to justify the new tariffs on Canadian imports. – Politico
Trump just handed the global auto market to China – WP/Porter
The hidden loser in Trump’s auto tariffs: domestic EV manufacturing – Politico
I just saw the future. It was not in America. – NYT/Friedman

Tues, April 1, 2025:
Trump Says He’s Settled on a Tariff Plan That Is Set to Take Effect Wednesday – NYT
What to know about tariffs as Trump’s trade war intensifies – NYT
From consumer small business to big food CEOs, Trump tariff costs will hit wallets – CNBC
Trump’s Tariffs to Take Immediate Effect, White House Says – Bloomberg
Senate Majority Leader John Thune (R-S.D.) is urging Republicans to defeat a Democratic-sponsored resolution to undo President Trump’s 25-percent tariff on Canadian imports – The Hill

Sat, March 29, 2025:
Trump says he ‘couldn’t care less’ if auto prices rise because of his tariffs; He expressed confidence that the policy would prompt more Americans to buy cars and trucks made in the U.S. – WP

Fri, March 28, 2025:
Trump Warned U.S. Automakers Not to Raise Prices in Response to Tariffs;  Threat came in a call earlier this month, in which carmakers feared punishment if prices go up – WSJ
GOP’s most often cited economist warns Trump’s 25% tariffs could add $4,711 to the cost of a vehicle and weaken the ability of U.S. automakers to compete – AP

Thurs, March 27, 2025:
The prospect of finding an affordable new car has been fading for many Americans not in the upper tax brackets. And it’s going to get more bleak with the 25% tariffs President Donald Trump is slapping on imported vehicles.…Auto prices broadly could rise 11.4% on average in the US if tariffs are fully passed on to consumers. – Bloomberg
Wall Street analysts say Elon Musk is the clear auto tariff winner: ‘Tesla wins, Detroit bleeds’ – CNBC

Wed, March 26, 2025:
Trump Plans to Impose 25% Tariff on Imported Vehicles. President leaves little room for exempting Canada or Mexico – WSJ
Trump Announces 25% Tariffs on Imported Cars and Car Parts; The measure, which is intended to bring car factories to the United States, could significantly raise prices for consumers. – NYT
Canadian PM: Trump trade war ‘hurting American consumers and workers’ – The Hill

Tues, March 25, 2025:
Trump’s Threat of ‘Secondary Tariffs’ Invents New Trade Tool – Bloomberg

Mon, March 24, 2025:
Trade war explodes across world at pace not seen in decades; Proliferating tariffs engulfing U.S., China and their partners draw parallels to 1930s protectionist spiral – WSJ

Fri, March 21, 2025:
Tracking every Trump tariff and its economic effect – Bloomberg

Thurs, March 20, 2025:
Europe delays tariffs on U.S. whiskey to make time to negotiate – NYT

Wed, March 19, 2025:
Trump aides prep new tariffs on imports worth trillions – WP
“Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada…. These tariffs have sent the stock market careening and raised the risks of a U.S. recession, while inviting retaliation against domestic industries by trade partners. Despite the blowback, senior Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on goods from most countries that trade with the United States….Administration officials are debating what legal authority the president can invoke to impose a reciprocal system….Meanwhile, scores of industries…have lined up in recent weeks to ask the Trump administration for tariff protection against foreign competitors as part of the administration’s trade jousting.”

Thurs, March 13, 2025:
President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum. Canada announced new 25% tariffs on about $20.8 billion of US-made products. – Bloomberg
Trump threatens to put 200% tariff on French champagne and other EU spirits – CNBC
Trump’s tariff threat sends French wine and champagne makers reeling; Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance. – NYT

Wed, March 12, 2025:
Trump imposes sweeping 25% steel and aluminum tariffs. Canada and Europe retaliate – CNN
EU, Canada retaliate against Trump’s tariffs as trade war escalates – WP
Trump vows US will respond to Europe’s metal tariff retaliation – Bloomberg

Tues, March 11, 2025:
What happened the last time Trump imposed tariffs on steel and aluminum – Reuters
How Do You Like the Trade War Now? – WSJ Editorial Bd
“We said from the beginning that this North American trade war is the dumbest in history, and we were being kind.”
Ontario premier backs down on US electricity hikes, prompting Trump to halt doubling tariffs – AP
Trump caps wild day, reversing threat to double tariffs on Canadian steel. The U.S. is still on track to raise tariffs on steel and aluminum to 25 percent for global imports. – WP

Fri, March 7, 2025:
Trump says he may hit Canada with dairy, lumber tariffs soon – Bloomberg

Thurs, March 6, 2025:
Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty – CNN
Trump grants one-month tariff reprieve to some goods from Mexico, Canada – WP
How talks to avert tariffs on Mexico and Canada fell apart – WSJ

Wed, March 5, 2025:
Trade war puts sales of 12 million tons of US crops under threat – Bloomberg
Canada won’t scrap tariffs unless all US levies are lifted – Bloomberg
Trump agrees to one-month tariff reprieve aimed at helping U.S. automakers, as he says more tariffs are coming April 2 – WP
US weighs one-month delay of auto tariffs on Canada, Mexico – Bloomberg

Tues, March 4, 2025:
Do Canada and Mexico deserve Trump’s tariffs? – WP Editorial Bd
China unveils new economic targets as Trump deepens global trade war – Bloomberg
Trump’s trade war draws swift retaliation with new tariffs from Mexico, Canada and China – AP
Trump’s trade war sparks broad backlash – Politico
China, Mexico and Canada to retaliate after Trump imposes new tariffs – WP

Mon, March 3, 2025:
Trump takes the dumbest tariff plunge – WSJ Editorial Bd
The Fiscal, Economic, and Distributional Effects of 20% tariffs on China and 25% tariffs on Canada and Mexico – Yale Budget Lab

Fri, Feb 28, 2025:
Trump’s Tariff Onslaught Is Coming Faster Than His Team Can Carry It Out. Admin officials are indicating that the full reciprocal action will take longer than April timeline to implement – WSJ
Don’t discount Tariff Man’s threats – Politico

Thurs, Feb 27, 2025:
President Trump plans to impose tariffs on Canada and Mexico starting Tuesday, in addition to doubling the 10% universal tariff charged on imports from China. AP

Wed, Feb 26, 2025: 
Trump sows confusion around global tariffs timing, scope – Bloomberg
How federal cost-cutting savages retailers and farmers – WP/Fisher

Mon, Feb 24, 2025:
Trump team seeks to toughen Biden’s chip controls over China – Bloomberg
Trump targets China with biggest salvo so far in second term – Bloomberg

Thurs, Feb 20, 2025:
Trump’s myth of the trade deficit. Economic growth depends on deregulation, tax cuts and the budget deficit, not on the balance of trade. – WSJ/Gramm

Wed, Feb 19, 2025:
Trump floats tariffs on cars, chips and drugs – Bloomberg
Reciprocal tariffs really mean chaos for global trade; America has tried reciprocity before, and discovered its flaws. “What happens when you ditch the principles that underpinned global trade for three-quarters of a century? Donald Trump hopes to find out. He wants to levy “reciprocal” tariffs, which match the duties American exports face abroad, plus charges to offset any policy he deems unfair. A stable multilateral trade system which has, for all its flaws, fostered miraculous rises in global prosperity would give way to arbitrary judgments made in the Oval Office.”  Economist

Tues, Feb 18, 2025:
Trump floats 25% tariffs on US Auto, Drug, Chip Imports – Bloomberg

Sun, Feb 16, 2025: 
In starting a process to impose reciprocal tariffs on American trading partners, the White House is sowing uncertainty and risking inflation – NYT

Sat, Feb 15, 2025:
In a Trump trade war against Europe, China wins – Bloomberg

Fri, Feb 14, 2025:
Trump says he will introduce new tariffs on autos around April 2 – Bloomberg
Trump says auto tariffs coming April 2 – NYT

Tues, Feb 11, 2025: 
Ford CEO: Lasting 25% tariff on Canada, Mexico would ‘blow a hole’ in US auto industry – DetroitFP
Trump imposes global 25% steel, aluminum tariffs – WSJ

Mon, Feb 10, 2025:
Trump announces 25% tariffs on steel and aluminum imports, dealing blow to Canada and Mexico–WP
Trump sets 25% tariffs on steel, aluminum as trade war grows – Bloomberg

Sun, Feb 9, 2025:
China’s economic bullying has backfired. Now Trump is imitating it. – WP/Boot

Fri, Feb 7, 2025:
Trump says he plans to announce reciprocal tariffs next week, will affect “everyone” – Bloomberg
Behind Closed Doors, Trudeau Says Trump Threat to Take Over Canada Is Real; Prime Minister Justin Trudeau, in a talk with business leaders, said Canada’s wealth of critical minerals are behind Mr. Trump’s comments about making its northern neighbor a U.S. state. – NYT
Trump delayed tariffs on low-cost items from China – The Hill

Wed. Feb 5, 2025:
USPS, in reversal, resumes accepting packages from China and Hong Kong – WP
Ford CEO warns tariffs could cost auto industry billions – Bloomberg

Tues, Feb 4, 2025:
Chinese stocks drop as USPS suspends parcels from China, Hong Kong – Bloomberg
China hits back against Trump’s tariffs with targeted actions including 10-15% levies on US energy, agricultural tools; Beijing imposed a 15% levy on less than $5 billion of US energy imports and a moderate 10% fee on American oil and agricultural equipment on Tuesday – Bloomberg
Mexico and Canada reach last-minute deal with Trump to avert trade war – NYT
China hit back against US tariffs with levies on US energy exports and farm machinery, an antitrust probe into Google, and restrictions on Chinese exports of key minerals, effective Feb. 10 – WSJ

Mon, Feb 3, 2025:
Trump says tariffs on goods imported from the EU are next – NYT
China in focus after Trump tariffs on Mexico, Canada delayed – Bloomberg
Trump announces 30-day pause on US tariffs on Canada – CNN
Trump agrees to pause tariffs on Mexico for one month – CNN
Trump halts tariffs on Mexico as it rushes troops to border – Mexico
Mexico to add 10,000 border troops as US delays tariffs – Bloomberg
Putin enjoying fissures in the NATO alliance praises Trump tariffs – CNBC

Sun, Feb 2, 2025:
The dumbest trade war fallout begins – WSJ editorial board
Trump’s brutal tariffs far outstrip any he has imposed before – Economist

Sat, Feb. 1, 2025:
Here’s what could get more expensive with Trump’s new tariffs on Canada, Mexico and China – WP
“Mexico is the largest source of imports to the United States, followed by China and Canada. Together they account for 43 percent of the $3.1 trillion in goods that are imported.”
Trump imposes steep tariffs on Mexico, Canada, China – NYT
Trump announces significant new tariffs on Mexico, Canada & China, sparking retaliatory actions–CNN
Trump slaps tariffs on Mexico, Canada and China – CNBC

Fri, Jan 31, 2025:
Tariffs: Trump is “gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans want — and bring those nations to the negotiating table. But it’s a risky bet that could easily backfire on American consumers and the economy.” CNN
Trump threatens widening trade war as first tariffs loom Saturday – WSJ
China, Canada, Mexico promise tariffs on U.S. exports in response – NYTimes
From avacados to autos, Trump tariffs on Canada and Mexico could hit close to home – AP

Thurs, Jan 30, 2025: Trump warns Canada, Mexico tariffs are coming on Saturday – The Hill
“I’ll be putting the tariff of 25 percent on Canada and Mexico, and we will really have to do that because we have very big deficits with those countries,” Trump said. “Those tariffs may or may not rise with time.”

Mon, Jan 27, 2025: Trump renews universal tariff threat – Bloomberg

Mon, Jan 27, 2025:  Johnson vows “no daylight” between Congress, Trump on tariff-immigration threats – Politico

Sun, Jan 26, 2025: Trump aides want to hit Mexico, Canada with tariffs before talks – 25% import levy could go into place as soon as Feb 1 – WSJ

Sat, Jan 25, 2025:  Trump tariffs are a wealth killer – WSJ Andy Kessler
“We will tariff and tax foreign countries to enrich our citizens,” President Trump declared in his inauguration speech. Adam Smith is turning in his grave. Tariffs destroy wealth. No matter, Mr. Trump said he may slap 25% tariffs on Canada and Mexico starting Feb. 1 and 10% on China….new Trump tariffs will raise prices and restrict other countries from affording our high-margin exports—drugs, phones, planes and many software and artificial-intelligence services….Tariffs are coming. Expect retaliation and inflation—precisely why tariffs don’t work.”

Wed, Jan 22, 2025: Here’s what will get more expensive from 25% tariffs on Mexico, Canada – CNN

Tues, Jan 21, 2025: How could Trump’s tariffs affect the U.S., Canada and Mexico? NYTimes

Tues, Jan 14, 2025: Trump says he’ll create “External Revenue Service” to collect tariffs, foreign revenues – CNBC

Mon, Jan 13, 2025:
Before Trump starts trade wars, he should consider where the world’s rare earth metals necessary for electronics are located – Statista
Trump team studies gradual tariff hikes under emergency powers – Bloomberg

Thurs, Jan 9, 2025: With protective trade policies, America risks isolation – WashPost

Wed, Dec 18, 2024: Effects of Illustrative Tariff Increases – CBO

Thurs, Dec 12, 2024: “With Trump’s second term approaching, China is signaling how it will counter his promised tariffs. In recent days, Beijing has launched a regulatory probe into U.S. semiconductor champion Nvidia, threatened to blacklist a prominent American apparel maker, blocked the export of critical minerals to the U.S. and squeezed the supply chain for drones.” – WSJ
Here’s what could get more expensive under Trump’s tariff plans – CNN

Sun, Dec 8, 2024:  Trump “can’t guarantee” Americans won’t pay more with tariffs – Politico

Tues, Dec. 3, 2024:  What is a tariff; who pays tariffs, and what is the impact? – Investors.com

Sun, Dec. 1, 2024: Trump threatens 100% tariff on BRICS countries – CNN

Tues, Nov. 26, 2024:
Trump’s tariffs, explained – WashPost
Trump says he will hit China, Canada and Mexico with new tariffs in response to illegal migration and drug trafficking – FT
Trump’s threat to impose tariffs could raise prices for consumers – AP