Archive · 23 Jul 2025
Trump's Trade War: A Timeline of Tariff Developments
President Trump started a trade war by putting extra taxes (tariffs) on goods coming into the U.S. from other countries.
He started with Mexico, Canada, and China, hoping to stop illegal things from coming in.
He also increased taxes on steel and aluminum.
Over time, he made deals to pause or change some of these tariffs, like with China.
He also threatened tariffs on Europe and cars.
These changes led to a lot of uncertainty in the economy, with ups and downs in the stock market and negotiations between the countries involved.
Trump initiated tariffs on Mexican, Canadian, and Chinese imports.
Tariffs on steel and aluminum were raised to 25% without exemptions.
Trump announced potential tariffs on imported cars and light trucks.
The U.S. and China reached a temporary agreement to reduce tariffs.
Trump threatened and later backtracked on tariffs for the EU and Apple.
- Who
- U.S. President Donald Trump, impacting global trade.
- What
- Major tariff actions and trade negotiations initiated by President Trump.
- When
- From February to July, with various announcements and implementations.
- Where
- Primarily involving trade with Mexico, Canada, China, EU, Japan, and others.
- Why
- To address trade imbalances and other issues.
View of US Trade Partners
US Perspective
Tariff Impact
View of US Trade Partners
Subject to increased tariffs and trade restrictions, leading to economic challenges.
US Perspective
Some countries negotiated reduced tariffs or trade deals.
- Initial Tariffs
- 25% on Mexican/Canadian, 10% on Chinese imports
- Steel/Aluminum Tariffs
- Raised to 25%
- China Deal
- Temporary reduction of tariffs agreed upon.
- EU Threat
- 50% tariff threat, later retracted
- Japan Deal
- Lowered auto tariffs to 15%