Factbox: All of Donald Trump's tariffs and threatened trade actions

KIOXIA Holdings

10/02/2025 05:00

(Adds details on tariffs on aluminum and steel)
       Feb 10 (Reuters) - 
    Since returning to office last month, U.S. President Donald
Trump has initiated numerous tariffs and made even more frequent
threats to impose levies on imported goods. 
    They range from broad ones - a universal tariff on
foreign-imported goods - to ones aimed at specific sectors,
regions, or countries in an effort to get others to meet his
policy demands.
    Trump's threats have changed over time, ranging from small
levies to ones exceeding 200%, leaving other nations and
businesses unclear of what is to come next.
    Here is a roundup of Trump's trade-related steps and
threats. 
     
    BROAD TARIFFS
    A cornerstone of Trump's vision includes a phased rollout of
universal tariffs on all U.S. imports. Treasury Secretary Scott
Bessent has been pushing for a modest 2.5% tariff rate that
would climb each month, according to a Financial Times report. 
    However, Trump has suggested tariffs could be even higher.
Whereas tariffs were once the mainstay of U.S. tax revenues, in
recent decades they have dwindled to a fraction of U.S. tax
receipts. Economists say Trump's policies will be inflationary
as importing businesses, which pay tariffs, will likely pass
added costs to consumers.
    On Friday, Trump said he would impose "reciprocal" tariffs,
seemingly targeting countries that have levies on U.S. goods. He
has not specified what tariffs he would levy, however.
    Global trading partners could impose counter-tariffs,
targeting U.S. agricultural, energy, and machinery exports. This
could escalate into a worldwide trade war, creating uncertainty
for businesses and investors.
     
    SPECIFIC COUNTRIES
    Trump's tariff proposals target several key trade partners.
    
    MEXICO AND CANADA: The two countries were the largest trade
partners of the U.S. in 2024 through November, with Mexico
ranked first. Trump announced he was imposing 25% duties on
imports from Mexico and Canada to go into effect Feb. 4 as
retaliation for migration and fentanyl trafficking.
    Just before those tariffs were imposed, however, Trump
called off the levies, postponing them until March 1 pending
negotiations with those two nations. On Sunday, Trump said
neither country had done enough to halt the flow of migrants or
drugs.
     Canada primarily exports crude oil and other energy goods
along with cars and car parts as part of the North American auto
manufacturing chain. Mexico exports various goods to the U.S. in
the industrial and auto sectors.
    
    CHINA: Trump imposed a 10% tariff against China, keeping his
promise to put levies on those imports. China announced it would
retaliate with levies on some U.S. goods beginning on Monday. In
Trump's first term, the two countries engaged in a long trade
war that hurt both economies.    
    
    EUROPE: Trump said the EU and other countries have troubling
trade surpluses with the United States. He has said the
countries' products will either be subject to tariffs or he will
demand they buy more oil and gas from the U.S., even though U.S.
gas export capacity is near its limits.
    
    RUSSIA: Trump has threatened to hit Russia "and other
participating countries" with taxes, tariffs and sanctions if a
deal to end the war in Ukraine is not struck soon. 
    
    INDIA/BRICS NATIONS: During his campaign Trump called India
a "very big abuser" on trade and vowed to use tariffs to correct
trade imbalances. He has also threatened the broader BRICS group
of nations with tariffs if they did not commit to not create a
new currency. 
    
    COLOMBIA: Trump said he would put 25% tariffs on Colombian
goods after the country refused to take in flights carrying
migrants to be deported from the U.S.; the two sides worked out
an agreement.
     
    PRODUCTS
    METALS: Trump on Sunday said he was going to put tariffs on
imports of all steel and aluminum, used by automakers, aerospace
companies, and in construction and infrastructure. 
    The U.S. is the world's largest aluminum importer, according
to World Bank data. It has had a trade deficit in steel for a
decade, according to the International Trade Administration. It
is the second largest steel importer worldwide, with more than
half of those volumes coming from Canada, Mexico and Brazil.
    
    SEMICONDUCTORS: Trump has said he wants to impose tariffs on
imported computer chips, pointing to Taiwan, where Taiwan
Semiconductor Manufacturing Co  2330.TW , the world's largest
contract chipmaker, makes semiconductors for Nvidia, Apple and
other U.S. clients. TSMC generated 70% of its revenue in 2024
from customers based in North America.
    
    PHARMACEUTICALS: Trump has suggested tariffs on
pharmaceutical supplies including medications, which would be a
change. Over the last few decades, pharmaceuticals have
generally been exempt from tariffs.
    
    AUTOMOBILES: Trump has floated the idea of 100% or greater
tariffs on other vehicles, including potentially EVs. The
automobile industry accounted for imports of more than $202
billion from Canada and Mexico combined in 2024.

 (Reporting by Anjana Anil and Puyaan Singh in Bengaluru;
Editing by Maju Samuel and Lincoln Feast.)
 ((mailto:Anjana.Anil@thomsonreuters.com;))