Last updated April 9, 2025

On Wednesday, President Donald Trump said he will postpone reciprocal tariffs on 75 countries for 90 days, but will raise China’s total tariff rate to 125% and maintain a 10% baseline tariff on nearly all imports.

Trump has repeatedly proposed — and reneged on — plans to impose tariffs on other countries, giving whiplash to both consumers and the stock market. 

Tariffs are a tax that U.S. importers pay to the U.S. government. To make up for that tax, these importers either eat the costs or pass them along to you in the form of higher prices. 

Currently, the following tariffs from the second Trump administration are in effect: 25% tariffs on imported vehicles, 25% taxes on all steel and aluminum imports, 125% taxes on Chinese imports and a 10% baseline tariff on nearly all imports. Trump’s planned reciprocal tariffs on all countries except for China ranged between 11% and 50%.

Below is an update timeline of Trumps tariff announcements:

April 9: Trump’s reciprocal tariffs go into effect, but Trump later decides to postpone tariffs on 75 countries for 90 days. Trump also announces he will impose a total tariff rate of 125% on Chinese imports. China announces it will impose 84% retaliatory tariffs on U.S. goods starting April 10, while the EU says it will impose 25% tariffs on U.S. goods in waves starting on April 15.

April 8: The White House announces that Trump will impose a total tariff rate of 104% on Chinese imports, which includes the 20% the administration already imposed this year and an additional 84% rate set to go into effect April 9.

April 5: A 10% baseline tariff on nearly all imported goods goes into effect.

April 3: 25% tariffs on imported vehicles go into effect.

April 2: Trump announces a 10% baseline tariff rate on all countries, along with a higher rate of up to 54% on select countries. Trump is planning to impose a total tariff rate of 54% on China, including the 20% it already faces; 46% on Vietnam; 32% on Taiwan; and 20% on the European Union.

The Trump administration confirms that the planned 25% tariffs on automobiles will take effect on April 3 and the tariffs on auto parts are set to go into effect on May 3.

March 26: Trump announces that he will place 25% tariffs on all automobiles and auto parts.

March 20: The EU will delay plans to reinstate tariffs that were set to go into effect on April 1, the first of two planned batches of tariffs on U.S. products. The first set of tariffs, which are set to hit products like motorcycles, bourbon and jeans, will now go into effect in mid-April.

March 16: Trump states he has “no intention” to offer any exemptions on the 25% aluminum and steel tariffs that are in effect. He also says that reciprocal tariffs and additional tariffs on autos, steel and aluminum will go into effect on April 2.

March 13: Trump threatens to place a 200% tariff on imported alcohol from the EU if the bloc doesn’t reverse its plans to impose tariffs on U.S. whiskey.

March 12: Trump’s planned steel and aluminum tariffs go into effect. His administration reinstates 25% tariffs on all steel imports and raises tariffs on all aluminum imports to 25%. 

In response, the European Union announces that it will impose retaliatory tariffs on $28 billion worth of U.S. goods.The EU is set to impose them in two batches. On April 1, the EU is set to lift a suspension on tariffs that were in place from 2018 to 2020, which will hit products like motorcycles, bourbon and jeans. The EU will then impose additional tariffs on April 13. Proposed products include steel and aluminum, textiles, home appliances and agricultural products.

Canada is also planning to impose tariffs on $21 billion worth of U.S. goods, including tableware. stoves, fishing equipment and machinery, which will take effect on March 13. The United States’ trading partner has already imposed 25% tariffs on $30 billion worth of goods, which includes certain types of meat, wine, orange juice, pajamas and footwear. 

March 11: The premier of Ontario, Canada, agrees to halt a 25% surcharge on electricity that the province supplies to Minnesota, New York and Michigan. Trump says he will double tariffs on Canadian steel and aluminum imports to 50%, but rolls back his plan after the premier backs down on plans to impose a surcharge on Canadian electricity.

March 10: In response to Trump’s tariffs, the premier of Ontario, Canada, announces that Ontario will charge 25% more for the electricity it supplies to Minnesota, New York and Michigan. 

March 6: Trump postpones 25% tariffs on many products from Canada and Mexico for one month, but Canada is committed to keeping retaliatory tariffs on U.S. imports in place. Canada has a plan to set 25% tariffs on $155 billion worth of imported U.S. goods, and has already imposed tariffs on $30 billion worth of goods.

March 5: The Trump administration announces that U.S. automakers are exempt from tariffs on imports from Canada and Mexico for one month, as long as they follow rules set forth by the U.S.-Mexico-Canada Agreement. 

March 4: Planned 25% tariffs on Canada and Mexico go into effect, ending the 30-day pause on these taxes. The Trump administration also slaps an additional 10% tariff on China, meaning Chinese imports now face a tariff of 20%. 

China announces it will impose 15% tariffs on U.S. imports, including chicken, pork, soy and beef, that will take effect on March 10. These tariffs are on top of the 10%-15% tariffs China imposed in February. 

During a joint address to Congress, Trump also says the U.S. might impose a 25% tariff on copper. 

Canada announces it plans to move forward with its plans to set 25% tariffs on $155 billion worth of imported U.S. goods, and has already imposed tariffs on $30 billion worth of goods. That $30 billion worth of goods includes certain types of meat, wine, orange juice, pajamas and footwear. 

Feb. 27: The European Union says it will fight Trump’s plan to impose 25% tariffs on EU imports, targeting the U.S. bourbon, jean and motorcycle industries. 

Feb. 26: Trump threatens to impose 25% tariffs on imports from the European Union. Trump says the planned 25% tariffs on Canada and Mexico will go into effect on April 2, although a White House official walks back that claim and says they’re still set to go into effect in early March. 

Feb. 13: Trump signs a memorandum calling for the development of a reciprocal tariff plan. These reciprocal tariffs would ensure that U.S. tariff rates on other countries match the rates that countries have imposed on U.S. exports. 

Feb. 10: China’s retaliatory tariffs on the U.S. go into effect. The country imposes a 15% tariff on coal and liquefied natural gas products, and a 10% tariff on crude oil, agricultural machinery and large-engine cars. 

Trump announces plans to reinstate 25% tariffs on steel imports and raise tariffs on aluminum imports to 25% “without exceptions” on March 12. 

Feb. 4:  Trump’s 10% tariffs on China go into effect. China announces it plans to retaliate against the U.S. by imposing a 15% tariff on coal and liquefied natural gas products, and a 10% tariff on crude oil, agricultural machinery and large-engine cars. 

Feb. 3: Trump agrees to a deal with Canada and Mexico, pausing 25% tariffs on both countries for 30 days, but tariffs on China are set to go into effect. Canada agrees to appoint a fentanyl “czar” and create a joint strike force with the U.S. to tackle organized crime, fentanyl and money laundering, according to a tweet from Prime Minister Justin Trudeau. Mexico agrees to reinforce the U.S.-Mexico border with 10,000 troops from its National Guard to curb drug trafficking, especially fentanyl. 

Trump hints the European Union could also face tariffs. 

Feb. 1: The White House announces that Trump is planning to impose 25% tariffs on Canada and Mexico, and a 10% tariff on China, which are set to take effect on Feb. 4.  Energy from Canada, specifically, will face a 10% tariff. 

Mexico announces it plans to respond with its own tariffs against the U.S., although it does not specify what those tariffs will look like. Canada says it plans to impose 25% tariffs on $155 billion worth of goods. 

Jan. 20: Trump announces that he plans to put 25% tariffs on Canada and Mexico, on Feb. 1. While Trump threatened to place tariffs on China prior to Inauguration Day, he does not mention any concrete plans for China.