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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.
Beginning in 1917 with the Trading with the Enemy Act of 1917, the president can impose any tariff while the nation is at war. The affected trade does not have to be connected to the ongoing war. Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from ...
In May 2018, Trump placed a 25 percent tariff on steel and 10 percent tariff on aluminum from most countries, citing national security, the Financial Times reports. The next month, the tariffs ...
President Donald Trump says he will impose his tariffs over the weekend, gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans ...
In his first term, President Trump imposed tariffs of 25% on steel imports from most nations worldwide effective June 2018. But Mexico and Canada, under their free trade deals with the United ...
Hours after Trump imposed the tariffs on February 1, Trudeau said that Canada would retaliate against the United States with tariffs. [1] [7] He said that Canada would impose 25 percent tariffs on CA$30 billion (US$20.6 billion) of American exports immediately after the U.S. tariffs take effect and impose 25 percent tariffs on a further CA$125 ...
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy.
On February 7, 2025, the EU proposed lowering tariffs on car imports—including American cars—from 10% to a rate closer to the 2.5% tariff imposed by the U.S., a deal originally suggested in January by BMW CEO Oliver Zipse. The EU also offered to increase its purchases of liquefied natural gas and military equipment from the U.S. [55]