New Trump tariffs begin in March

Since assuming office in January, U.S. President Trump has begun to
impose tariffs against other countries as part of his America First
trade agenda – some of which come into effect in early March

Tariffs could lead to higher
prices in U.S. – Canada,
Mexico and China
account for 40%
of imports

CANADA
Effective from
Mar 4: 25%*
Most goods

Dec 31:
Unspecified targeting
of digital taxes
Unspecified
goods

EUROPE
Apr 2: EU
25% – All goods

Dec 31: EU, UK
Unspecified targeting
of digital taxes
Unspecified
goods

MAJOR
EXPORTERS
Mar 12: 25%
Steel, aluminium

Apr 2: 25%
Cars, microchips,
pharmaceuticals

Nov 22:
Unspecified %
Copper

MEXICO
Mar 4: 25%
Most goods

CHINA
Feb 4: 10%
All goods

Mar 4: 10%
All goods

ALL
COUNTRIES
Apr 2:
Unspecified
targeting of VAT
Unspecified
goods

Feb 27: Latest
tariff announced

Picture: Daniel Torok (Creative Commons)
Sources: BBC, Bloomberg, White House, ING Bank *10% tariff on energy
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