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Trump Confirms April 2 Launch of Reciprocal Tariffs on Global Trade Partners

The new trade policy includes tariffs on steel, aluminum, and autos while targeting countries with high barriers to U.S. exports.

A worker moves steel product at North York Iron, a steel supplier in Toronto, Canada, on February 11, 2025.
U.S. President Donald Trump, joined by Secretary of Commerce Howard Lutnick, delivers remarks after signing an executive order on reciprocal tariffs in the Oval Office at the White House on February 13, 2025 in Washington, DC.
Donald Trump just announced no exemptions on steel and aluminum tariffs
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Overview

  • President Donald Trump announced that reciprocal tariffs on U.S. trade partners will take effect on April 2, aiming to match tariff and non-tariff barriers faced by American exports.
  • The policy includes a 25% tariff on steel and aluminum imports globally, with additional sector-specific tariffs planned for autos and other goods.
  • China, Canada, and Mexico have responded differently, with China imposing retaliatory tariffs, Canada taking a defiant stance, and Mexico prioritizing dialogue and domestic reforms.
  • Experts warn that U.S. states reliant on trade with Canada and Mexico, as well as farming and manufacturing sectors, will face significant economic challenges due to increased costs and counter-tariffs.
  • Trump's administration has temporarily suspended tariffs on Canadian and Mexican goods under the USMCA agreement until April 2, following discussions with major automakers.