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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)
