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The first Trump tariffs were imposed by executive order (not by act of Congress) during the first presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries.
Trump signed orders on Saturday evening, imposing 25% tariffs on imports from Mexico and Canada (though Canadian energy faces a lower tariff of 10%) and 10% tariffs on goods from China.
Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
An additional 10% tariff on Chinese goods will be enacted the same day. Trump in a message posted on Truth Social Sunday said, “We don’t need anything they have. We have unlimited Energy ...
Trump’s first-term tariffs had a modest impact on economy. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those ...
Asked in 2022 about that apparent contradiction, Biden's top trade official said the administration was unwilling to draw down Trump's tariffs because they were crucial "leverage" that could be ...
Sen. Mark Warner, D-Va., claimed Trump's tariffs "could cost a typical family $1,200 per year," while Rep. Jamie Raskin, D-Md., said that "President Trump owns the economic and national security ...
The second Trump tariffs are trade initiatives announced by Donald Trump, the 47th president of the United States, principally in the form of tariffs on imports starting in 2025. Since before becoming president in 2017, Trump has promoted import tariffs to retaliate against countries he believes are "ripping off" the United States.