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How it Happened?

 
 

May 14

Reciprocal Tariff rate now 10% for Chinese imports to US, similarly for US imports to China. De minimise Chinese imports to US now 54% tariff or flat rate of $100

 

May 12

US and China agree to a 90 day reduction to on reciprocal tariffs to 10% for imports between both countries by 14th May. Other tariffs continue to apply.

 

May 08

US and UK announce Trade Deal. 10% reciprocal tariff on UK imports to US stays in place with concessions on section 232 Steel, Aluminium and Automotive tariffs amongst other measures. US will receive greater market access for beef, ethanol amongst other measures.

 

May 03

United States Auto Parts (USMCA compliant) Tariff goes into effect

 

May 02

De Minimis ban for goods from China and Hong Kong goes into effect

 

May 01

United States:
• Section 232 investigation on imports of commercial aircraft and jet engines, and their parts launched
• Announces intent to apply secondary tariffs on Iranian oil and petrochemicals

 

April 29

US announces amendments to auto tariffs eliminating stacking of additional tariffs

 

April 25

China starts targeted tariff exemptions for some US commodities

 

April 22

United States Section 232 investigation into medium duty trucks and parts, and their derivatives launched

 

April 17

United States new fees on Chinese built, owned, operated vessels, fees phased in from October 14th

 

April 14

United States Section 232 investigation on critical mineral importss.

 

April 11

The US issued reciprocal tariff exemptions on specific electronics, including an exemption from the 125% reciprocal tariff imposed on China.

 

April 10

European Union pauses retaliatory tariffs for 90 days

 

April 09

United States:
• 125% tariff on China (includes de minimis shipments)
• Pauses country-specific tariffs for 90 days (10% baseline remains)
China:
• 84% retaliatory tariff + expanded export controls
Canada:
• 25% tariffs on non-USMCA-compliant vehicles
European Union:
• 22 billion Euro phased retaliatory tariffs

 

April 08

United States increases reciprocal tariff on China to 84% (added to existing 20% blanket tariff)

 

April 05

• 10% baseline reciprocal tariff enacted globally with some exclusions
• China imposes 34% tariff on United States goods plus export controls

 

April 03

United States imposes 25% tariff on automotive parts (applies only to non-United States content under USMCA)

 

April 02

LIBERATION DAY
• Reciprocal tariffs between 11-50% for specific countries
• US imposes a 10% tariff on all countries; no country-specific tariffs apply to Singapore, Australia, New Zealand, or GCC countries.
• Exclusions: Steel, aluminum, automobiles, pharmaceuticals, semiconductors
• USMCA rules: 0% for compliant goods, 25% for non-compliant
• De minimis changes: Removed for China/Hong Kong shipments under 800 USD
  • New duty: 30% of value or 25 to 50 USD per item
• United States IEEPA Secondary Tariff 25% on Venezuelan Oil (pending)

 

April 01

United States:
• Section 301 investigation into Semiconductors, SMEs and derivatives
• Section 232 investigation into Pharmaceuticals
European Union:
• Implements Wave 1 retaliatory tariffs on US imports

 

March 13

Canada implements retaliatory measures against United States steel and aluminum tariffs

 

March 12

United States imposes 25% tariff on all steel and aluminum imports including derivatives with no exemptions

 

March 10

China announces retaliatory measures to increased United States tariffs

 

March 06

United States:
• Adjusts tariffs supporting automotive supply chain
• 10% tariff on potash from Canada/Mexico outside USMCA

 

March 04

United States:
• Raises China tariff to 20% total
• Imposes 25% additional tariff on all Canadian imports
Canada:
• Retaliates with 25% tariff on \$30B United States goods

 

March 01

United States Section 232 investigation into Timber, Lumber imports launched

 

February 25

United States Section 232 investigation into Copper Imports & their derivatives launched

 

February 10

China implements first wave of retaliatory measures

 

February 04

United States:
• Delays Mexico tariffs (25%) for 1-month negotiation
• Delays Canada tariffs (25% additional / 10% energy) for 1-month negotiation
• Enacts 10% tariff on China

 

February 01

United States announces:
• 10% tariff on China (illegal aliens and drugs, including deadly fentanyl)
• 25% tariff on Mexico (illegal aliens and drugs, including deadly fentanyl)

More President Trump's tariff insights from Thomson Reuters

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