Tariffs in the second Trump administration
tariffs imposed by Donald Trump in his second term as president of the United States From Wikipedia, the free encyclopedia
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President Donald Trump announced a series of steep tariffs on nearly all goods imported to the US. On April 2, 2025, Trump signed an executive order imposing a minimum 10% tariff on all US imports with elevated tariffs on 57 nations and limited exceptions. The general tariffs took effect on April 5.
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Trump escalated (or stepped up) an ongoing trade war with China; Baseline tariffs on Chinese imports, were raised to an effective 145% after April 9, 2025.[1] He also (started or) initiated a new trade war with Canada and Mexico (see Second presidency of Donald Trump), by imposing a 25% tariff on most goods from the countries; However, he later (gave or) granted indefinite exemptions for goods compliant with the USMCA (in use since 2020).[2][3] He later (had put in place or) imposed a 25% tariff on imported steel, aluminum, and automotive products from all countries.
The "tariff on steel [... will become ]50 percent",[4] from the first week of June.[5]
Aftermath: The 2025 stock market crash happened in April. Trump is calling April 2, 2025, "Liberation Day".
Exceptions: U.S. authorities said (April 11), that there will be no tariffs on smart phones, laptop computers, hard disks, computer processors, and memory chips.[6][7]
Reactions: [U.S. politicians or] "Democrats call for insider trading investigation", according to media.[8]
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Countries
Asia
Europe
Middle East
North America
South America
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References
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