Tariff Tracker: Where Do President Trump's Trade Proposals Stand?

President Donald Trump has imposed sweeping tariffs on U.S. trading partners and promised that more will be implemented.

The tariffs, a cornerstone of Trump's economic plan, have ever-changing parameters and deadlines. Some tariffs have been used as bargaining chips with other countries, while others are designed to bring manufacturing and jobs back to the U.S. They are also a way the president plans to offset some of the government's spending.

However, Trump's on-again, off-again approach to tariff policy has created uncertainty in the economy. Businesses and consumers alike worry that inflation will rise and that the economy could be headed toward a recession, and that uncertainty has weighed on investor sentiment, sending stocks sharply lower in recent months.

Investopedia has worked to gather all of Trump's tariff proposals. Only those with some level of detail (either the proposed rate or the date it is to be enacted) and documentation are included. This page will be updated regularly as parameters change or more information becomes available.

Tariffs on Countries

A Closer Look

Mexico:  President Donald Trump announced trade policies on Mexico before he even took office. Since then, the policy toward our neighbors to the south has changed a number of times.

In the latest move, Trump taxed all items from Mexico at a flat 25% rate but then quickly made exceptions for USMCA goods. Those exceptions cover a bulk of what would be taxed and Mexico was exempt from additional "reciprocal" tariffs announced on April 2.

On May 28, a U.S. court blocked the tariff, but a higher court paused the block the next day. However, a higher court temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

Canada: Canada has largely shared Mexico's plight under Trump's trade policies but has sometimes faced additional tariffs as Ottawa has hit back. Any non-USMCA items from Canada are taxed at a 25% rate, but that could change on April 2, the president said. Energy resources and potash were later included in tariffs on our northern neighbors and taxed at 10%. More tariffs on the country, such as on dairy and lumber products, could also be enacted. Canada was exempt from additional "reciprocal" tariffs announced on April 2.

On May 28, a U.S. court blocked the tariff, but a higher court paused the block the next day. However, a higher court temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

Venezuela: While the Venezuelan taxes are geared toward the South American country, they will actually be implemented on others. The 25% tariff will be imposed on goods imported into the U.S. from countries that buy Venezuelan oil. This could include China, the Dominican Republic, India, Malaysia, Russia, Singapore, Spain, and Vietnam.

Oil accounts for more than 80% of Venezuela's exports and more than 17% of its gross domestic product (GDP), and these tariffs are intended to affect the country's economy. Trump has targeted Venezuela because he says it is "an unusual and extraordinary threat to the national security and foreign policy of the United States."

China: In April, the U.S. and China got into a trade spat, resulting in a 145% tariff on Chinese goods coming into the U.S. China levied import taxes on American goods at a rate of 125%. However, after talks in Switzerland in early May, the two countries agreed to a 90-day reprieve, and tariffs on Chinese imports currently sit at 30%. In exchange, the Chinese government is lowering tariffs on U.S. goods entering its country to 10%.

On May 28, a U.S. court blocked the tariff, but a higher court paused the block the next day. However, a higher court temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

European Union: In late May, Trump suggested implementing a broad 50% tariff on goods from the European Union. The threat was seemingly in response to stalled negotiations between the two countries. But after reportedly talking with Ursula von der Leyen, the President of the European Commission, Trump pulled back on his threat until the July deadline for "reciprocal" tariffs. If an agreement isn't reached by that time, the 50% tariff for all 27 nations in the EU would be implemented.

Tariffs on Items, Sectors or Industries

A Closer Look

Steel and Aluminum: Steel and aluminum tariffs were one of the first import duties Trump implemented during his second administration. On May 30, he announced that he would double the tariff on the metals in order to "further secure" the industries.

On June 4, those tariffs rose to 50%. The U.S. imports roughly 25 million tons of steel each year, which accounts for 23% of all metal used in the country. Canada, Mexico, Brazil and South Korea send the most steel to the U.S.

Reciprocal: Reciprocal tariffs are the most widespread trade policy of Trump's administration thus far. Under the plan, each country has a different tariff levied against it. The tariffs take into account the trade deficit with each country and aren't solely based on import duties charged on U.S. goods.

Trump said on April 9, just hours after the tariffs were implemented, that he paused these tariffs for 90 days to negotiate trade deals with more than 75 countries. During the pause, he left a 10% baseline tariff in place on all trading partners.

On April 12, the Trump administration released guidelines to U.S. Customs and Border Protection that said smartphones, computers, and semiconductors were exempt from these 'reciprocal' tariffs.

A U.S. trade court blocked the 10% baseline tariff during the 90-day pause on May 28. However, a higher court temporarily lifted the block the next day, allowing it to be enforced until the court decides on the appeal.

Automobiles: In his attempt to bring manufacturing back to the U.S., Trump is building a wall around U.S. automaking. The import tax on cars outside of the country will be permanent, and all parts will eventually be included.

It's unclear whether this manufacturing play will work. U.S. labor is still more costly than that of other countries. Analysts said that for many companies, it could still be cheaper to pay the tariff than to move vehicle manufacturing operations.

On April 29, Trump signed an executive order that exempted imported vehicles from other tariffs, such as the steel tariff or the 10% tariff on goods from most countries.

Pharmaceuticals: Trump has mentioned pharmaceutical tariffs in a number of press conferences but has not laid out any specific plans beyond the comments.

Speaking at an event on April 9 hosted by the National Republican Congressional Committee, Trump said his administration will "be announcing very shortly a major tariff on pharmaceuticals."

In the past, Trump said import taxes on medications could be a tax of 25% or higher and could increase over a year to give companies an on-ramp. Prescription drug prices have been a particular area of concern for voters, but like with most tariffs, this could push up the price for those medications.

Semiconductors, computers, and smartphones: While there is a reprieve from reciprocal tariffs on semiconductors, computers, and smartphones, an industry-specific tariff on these technologies is on the way, according to Trump and his representatives. It's unclear when the tariff will be implemented or how much the levy will be, but on April 14, Commerce Secretary Howard Lutnick said they are 'coming soon.'

One significant exception is Apple's iPhone, which was under scrutiny from Trump in late March. Trump said the administration will impose a tariff of "at least" 25% on iPhones made outside the U.S., where most of its signature smartphones are made. At least one analyst said there's no way for the tech giant to shift the manufacturing of the iPhone to the U.S.

Update, June 9, 2025: This article was updated with information on doubled steel and aluminum tariffs.