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Tariffs in the second Trump administration

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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.

Trump escalated (or stepped up) an ongoing trade war with China; Baseline tariffs on Chinese imports, were raise 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 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.[4][5]


Reactions: [U.S. politicians or] "Democrats call for insider trading investigation", according to media.[6]

Countries

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In Asia

  • China. Tariffs jumped to "125% ... . But that comes on top of a 20% fentanyl-related tariff that Trump previously [had put in place, on Chinese goods, or] imposed on China", according to media (on April 10).[7] Earlier (April 9), media said that tariffs will "climb to 125 percent".[8]
  • Thailand. 36% tariff (as of 2025's second quarter)[9] As of April 2025, Thaksin Shinawatra claimed that negotiations about lowering tariffs, have stopped, and "they [the US] are now acting on information [...] about lawsuits against a number of American citizens".[10][11]

In Europe:

  • Ukraine; There is "[10 percent tariff or] blanket 10 percent tariffs on ... Ukraine" (as of April 10), according to a U.S. senator; Earlier (April 9), a law was suggested to the U.S. senate, that would take away that tariff; The law proposal is called Supporting American Allies Act.[12][13]
  • EU countries: "Some of the EU’s import duties of between 10% and 25% will [be in place, or] come into force on April 15, with others taking effect in May and the remainder in December", according to media (April 10).[14][15]
  • Norway. 15% tariff (as of April 8); However, the U.S. government made changes (April 9), but media is not sure if those changes, deal with Norwegian goods.[15]

In the Middle East:

  • Israel; There is "[10 percent tariff or] blanket 10 percent tariffs on ... Israel" (as of April 10), according to a U.S. senator; Earlier (April 9), a law was suggested to the U.S. senate, that would take away that tariff; The law proposal is called Supporting American Allies Act.[12]

References

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  1. ↑ Swanson, Ana (2025-04-10). "Trump Has Added 145% Tariff to China, White House Clarifies". The New York Times. ISSN 0362-4331. Retrieved 2025-04-10.
  2. ↑ Ortiz, Erik (2025-03-04). "Trump says tariffs were enacted to curb fentanyl, but U.S. overdose deaths are already declining". NBC New York. Retrieved 2025-03-10.
  3. ↑ Price, Michelle L. (2025-03-06). "How Trump justifies his tariffs — from budget balancing to protecting 'the soul' of America". AP News. Retrieved 2025-03-10.
  4. ↑ https://e24.no/boers-og-finans/i/QMAAxx/bloomberg-trump-unntar-smarttelefoner-fra-giganttoll. Retrieved 2025-04-13
  5. ↑ https://www.politico.com/news/2025/04/12/trump-china-tariffs-smartphone-00008349. Retrieved 2025-04-13
  6. ↑ https://www.theguardian.com/us-news/2025/apr/11/trump-tariffs-insider-trading-investigation. Retrieved 2025-04-11
  7. ↑ Iordache, Dan Mangan,Kevin Breuninger,Christina Wilkie,Megan Cassella,Jesse Pound,Ruxandra (2025-04-10). "Trump trade advisor says stock market plunge 'No big deal': Live updates". CNBC. Retrieved 2025-04-11.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ↑ "Trump hits pause on trade war". POLITICO. 2025-04-09. Retrieved 2025-04-11.
  9. ↑ 9.0 9.1 https://www.bangkokpost.com/business/general/3013130/philippines-aims-to-lower-us-tariff-to-zero-during-talks. Retrieved 2025-04-28
  10. ↑ https://www.bangkokpost.com/thailand/politics/3012447/pp-calls-on-govt-to-drop-charges-against-us-academic?tbref=hp. Retrieved 2025-04-28
  11. ↑ https://www.bangkokpost.com/thailand/general/3011956/thai-us-trade-talks-stall-over-lese-majeste-charge-against-scholar-chambers. Retrieved 2025-04-27
  12. ↑ 12.0 12.1 https://www.kyivpost.com/post/50593. Retrieved 2025-04-11
  13. ↑ Sen. Cortez Masto, Catherine [D-NV (2025-04-09). "S.1364 - 119th Congress (2025-2026): A bill to exempt articles imported from Israel or Ukraine from duties imposed under the Executive Order entitled "Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits"". www.congress.gov. Retrieved 2025-04-11.
  14. ↑ https://www.kyivpost.com/post/50506. Retrieved 2025-04-10
  15. ↑ 15.0 15.1 Elgaaen, Vilde; Johnsen, Alf Bjarne; Lien, Kyrre (2025-04-09). "Setter ned straffetoll for 75 land: – Med umiddelbar virkning". VG (in Norwegian). Retrieved 2025-04-11.


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