Since January 20, 2025, Donald Trump has been on a fierce tariff spree, deploying a variety of tariffs on countries and products on the go. His aggressive policy stance is inclined towards bolstering the US economy through extensive tariff deployment. Trump has long been portrayed as a tariff proponent, a believer in the aforementioned policy to track and lower trade deficits. Here’s a complete list of trade tariffs that Trump has imposed on countries and products as of now.

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Trade Tariffs On Nations

Trump has imposed tariffs on a variety of new arenas, on nations and products, in his effort to prioritize the US economic welfare.

1. Mexico and Canada

Trump has imposed 25% tariffs on Mexico and Canada. Both nations have always been key traders of the US. The tariffs were primarily imposed to curb illicit fentanyl and migrant trafficking into the US. These tariffs, however, are currently on hold at the moment, as both nations have decided to conduct peace talks with Trump to curb the tariff situation and establish a robust consensus for all parties to benefit from.

2. China

Trump has imposed a 10% tariff on China, with China issuing counter-tariffs on the US, imposing tariffs on key American exports including LNG, coal, crude oil, farm equipment, and automotive products.

3. Europe

Trump is planning to impose a regulated tariff approach on the EU. Per Reuters, the EU countries will either be subjected to tariffs or they will have to purchase more oil and gas from the US.

4. Russia, India, and Colombia

Trump has “threatened” to impose tariffs/taxes or sanctions on Russia if the nation does not arrive at a possible consensus to end its ongoing war with Ukraine. For India, the US president used the phrase “a big abuser,” on trade matters, adding how he may impose tariffs to rectify such trade imbalances.

In terms of Columbia, Trump issued 25% tariffs on Columbigoodsds, after the nation refused to carry migrants deported from the US. Both nations have now arrived at a suitable conclusion to the matter mentioned above.

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Tariffs On Products

1. Metals

Trump reiterated his tough tariff stance by imposing 25% tariffs on steel aluminum imports used by automakers aerospace, and construction domains.

2. Semiconductor

The US president has shared his desire to impose tariffs on the semiconductor arena, possibly on trade chips imported from Taiwan. This has been done to shift the chipmaking business in the US.

“In a speech to Republicans on Jan. 27, Trump said he intends to impose tariffs on Taiwan to bring chip production to the United States. “The incentive is going to be they’re not going to want to pay a 25, 50, or even a 100 percent tax,” he said.” Focus Taiwan reported

3. Pharmaceuticals

Donald Trump has “suggested” tariffs for the pharmaceuticals domain. The segment has long been exempted from the tariffs and can have new tariff propositions imposed on supplies such as medications.

4. Automobiles

Trump has introduced his idea of imposing 100% tariffs on vehicles, including EVs.

Markets Bracing For Friday Mayhem?

Per KBL, Donald Trump will also be announcing new tariffs on Friday, which could again usher in great market volatility. The portal shared how Trump is gearing up to announce more “reciprocal tariffs” on many countries this week, which may also result in counter-tariffs being imposed on the US.

“Uncertainty about tariffs is skyrocketing. A record 44% of S&P 500 companies have discussed tariffs so far on their Q4 2024 earnings calls. This exceeds the previous high seen in 2018 in the last US-China trade war. At the same time, the trade policy uncertainty index is now at its highest since 2019. On Friday, President Trump said he will announce reciprocal tariffs “on many countries” this week. More market volatility is coming.“

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