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How it Happened?
April 29
US announces reduction to Automotive Tariffs on imports to US
April 15
US launches Section 232 investigations into imports of semiconductors, manufacturing equipment, pharmaceuticals and their ingredients, and processed critical minerals and derivatives.
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
April 01
European Union implements Wave 1 retaliatory tariffs on United States 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
• No tariffs on USMCA-qualified Canadian goods
March 04
United States:
• Raises China tariff to 20% total
• Imposes 25% additional tariff on all Canadian imports(10% energy)
Canada:
• Retaliates with 25% tariff on 30 billion United States dollars goods
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)
