Update on tariffs currently in effect as President Trump says he "can't imagine" raising China tariffs beyond the current rate of 125% (548.62)
- 10% global tariffs on all imports excluding energy, pharmaceuticals, and chips. However, President Trump promised special pharmaceutical tariffs at a later date. Higher country-specific paused until July 9.
- 125% tariffs on all Chinese imports; China retaliated with 84% tariffs on all US goods. President Trump told reporters last night he "can't imagine" raising China tariffs beyond the current rate of 125%.
- 25% tariffs on imports from Canada & Mexico with USMCA goods exempt. Government of Canada retaliated with 25% tariffs on non-USMCA-compliant U.S.-made vehicles. Canada also put tariffs on other US goods such as steel, aluminum, and motorcycles.
- 25% tariffs on autos.
- 25% tariffs on steel and aluminum.
- EU will impose 25% tariffs on $23 bln of US goods effective April 15.
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