On the day of Trump’s inauguration, he promises tariffs on Mexico, Canada and China will be implemented Feb. 1.
Tariffs Timeline
On the day of Trump’s inauguration, he promises tariffs on Mexico, Canada and China will be implemented Feb. 1.
Trump signs executive order to implement tariffs on Canada, Mexico and China, set to start on Feb. 4. Canada announces retaliatory 25% tariffs.
Trump delays tariffs on Canada and Mexico by a month. He says Mexico will send 10,000 troops to the U.S. border in order to curb migration, and he was trying to work out an economic structure with Canada.
10% tariffs are, in fact, put in place against China with China issuing retaliatory tariffs. The Postal Service puts a ban on packages from Hong Kong and China.
Trump says he will impose 25% tariffs on steel imports from all countries, and he raises aluminum tariffs from 10% to 25%.
Trump signs a memorandum that sets the stage for “reciprocal tariffs” to go into effect across the board on April 2.
Donald Trump says he intends to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports. The markets respond in kind.
Trump says at Cabinet meeting he might give Canada and Mexico a one-month reprieve on tariffs until April 2.
Trump reverses course and says they will go into effect March 4.
Trump signs executive order to increase U.S. lumber production and orders probe into potential lumber import tariffs. The U.S. imports billions of dollars in lumber products from Canada.
Commerce Secretary Howard Lutnick says tariffs on Canada and Mexico remain a “fluid situation” and that they could be less than 25%.
Lutnick again says it’s possible the tariffs don’t go into effect, but Trump later confirms they will.
Trump levies 25% tariffs against Mexico, Canada and China. China hits the U.S. with retaliatory tariffs, including on some agricultural imports, including chicken, pork, soy and beef. Canadian Prime Minister Trudeau blasts Trump for cozying up to Russian President Putin and threatens to hit the U.S. with retaliatory tariffs; Mocking Trudeau as “governor,” Trump says he will hit back if that happens. The stock market tumbles in response. Lutnick says some of the tariffs could be rolled back as soon as the next day.
Trump delays tariffs related to autos until April 2.
Trump delays tariffs on Mexican goods. Later, he does the same for Canadian goods. The reprieve expires April 2.