Tariffs are going up. Are you ready?
Below are recent events. Things are moving fast, we will keep you informed.
Note: Only Executive Orders or directives published in the Federal Register are here.
Note: Only Executive Orders or directives published in the Federal Register are here.
- March 12th 2025: Retaliation against US steel and aluminum tariffs. Canadian retaliation here and graphic below. European Union retaliation here.
- March 6th 2025: Canada and Mexico imports that fall under the United States-Mexico-Canada Agreement are duty free. Goods not are at 25 percent. Executive orders for Canada and Mexico are here and here.
- March 4th 2025: Retaliation by China and Canada. Graphics showing US exposure to Chinese retaliation and Canadian retaliation.
- March 4th 2025: Canada and Mexico 25 percent tariffs. China is an additional 10 percent. Graphics showing the products to be affected from Canada (here) and Mexico (here).
- February 25th 2025: Copper tariffs. Executive order here. Announcement in the Federal Register here.
- February 21st 2025: Reciprocal Tariffs. Executive order here and USTR notification in the Federal Register here.
- February 10th 2025: Steel and Aluminum tariffs. Executive orders on steel and aluminum and Section 232 fact sheet. Announcement in the Federal Register on steel here, aluminum here.
- February 5th 2025: De minimis reinstated on China, per President Trump's executive order. Background on this here.
- February 3rd 2025: Tariffs on Canada and Mexico put on pause.
- February 2nd 2025: Canada plans retaliation. US Exposure metrics (geography and industry) to be posted soon.
- February 1st 2025: Per President Trump's executive order, the U.S. is set to impose 25 percent tariffs on Canada and Mexico, and 10 percent tariffs on China (Federal Register notice on China here). Graphics showing the products that the US imports from Canada (here) and Mexico (here) and likely to be affected.
Canadian Retaliation: How is Canada harming US industry?
|
|
The panel on the left provides a perspective of US exposure to Canadian retaliatory tariffs as outlined here (for fentanyl actions) and here (for steel and aluminum actions).
Each bar represents the total value of U.S. exports to Canada in 2024 under retaliatory tariffs. This is an interactive plot, so hover your cursor over each bar. The hover shows total value, share of out of total exports, and a truncated description associated with the HS-code. Data note: Because HS-codes do not necessarily align across countries beyond the HS6-level, this plot is done for HS6 categories, not HS8 as outlined in the published tariff list. The implication of this is that these values may overstate overall exposure within a category. Some of the tire categories may be exempted per the carve out 2a for those tires going into the production of cars. Data through December 2024 |
Data Sources: US Census International Trade Data, Government of Canada
Chinese Retaliation: How is China harming US industry?
|
|
The panel on the left provides a perspective of US exposure to Chinese retaliatory tariffs as outlined here.
Each bar represents the total value of U.S. exports to China in 2024 under retaliatory tariffs. This is an interactive plot, so hover your cursor over each bar. The hover shows total value, share of out of total exports, and a truncated description associated with the HS-code. Data note: Because HS-codes do not necessarily align across countries beyond the HS6-level, this plot is done for HS6 categories, not HS8 as outlined in the published tariff list. The implication of this is that these values may overstate overall exposure within a category. Data through December 2024 |
Data Sources: US Census International Trade Data, Ministry of Finance of the People's Republic of China
What types of products will be affected by US tariffs on Mexico?
|
|
The panel on the left provides a perspective of US exposure to Mexico at different HS-code levels (HS 2 is relatively aggregate, HS6 is disaggregate).
Each bar represents the total value of U.S. imports from Mexico in 2024. This is an interactive plot, so hover your cursor over each bar. The hover shows total value, share of total imports from Mexico, and a truncated description associated with the HS-code. Data through December 2024 |
Data Sources: US Census International Trade Data
What types of products will be affected by US tariffs on Canada?
|
|
The panel on the left provides a perspective of US exposure to Canada at different HS-code levels (HS 2 is relatively aggregate, HS6 is disaggregate).
Each bar represents the total value of U.S. imports from Canada in 2024. This is an interactive plot, so hover your cursor over each bar. The hover shows total value, share of total imports from Canada, and a truncated description associated with the HS-code. Data through December 2024 |
Data Sources: US Census International Trade Data