As of March 8, 2025, the United States has implemented significant changes to its tariff policy under President Donald Trump’s administration. On February 1, 2025, President Trump signed executive orders imposing a 25% tariff on all goods imported from Mexico and Canada, with a 10% tariff specifically on Canadian oil and energy exports. Additionally, a 10% tariff was levied on Chinese imports, supplementing existing tariffs of up to 25% on various Chinese products.
The administration has also introduced a policy of reciprocal tariffs, set to commence on April 2, 2025. This approach will impose a singular tariff rate per country, reflecting the cumulative tariffs and non-tariff measures that each nation applies to U.S. exports. White House trade adviser Peter Navarro stated that this strategy aims to address unfair trade practices faced by the U.S.
In response to these measures, Canada and Mexico have announced intentions to impose retaliatory tariffs on U.S. goods, escalating trade tensions among the nations.
These developments mark a significant shift in U.S. trade policy, emphasizing protectionist measures and reciprocal tariff strategies.