As a structural change in world trade takes place, here is a summary of tariffs imposed by President Donald Trump.

Of the eight major exporters of goods to the United States, Trump has announced tariff agreements with four (European Union, Japan, South Korea and Vietnam) and is in negotiations with the other four (Mexico, Canada, China and Taiwan).

Summary of tariffs

Since the start of his second presidential term on January 20, 2025, Trump has increased tariffs on U.S. imports from all of his global partners, with a current base tariff of 10 percent.

From January through May 2025, these were U.S. imports of originating products from its major suppliers, in millions of dollars:

• European Union: 303,394.
• Mexico: 219,510.
• Canada: 168,536.
• China: 148,530.
• Vietnam: 70,522.
• Taiwan: 65,061.
• Japan: 62,958.
• South Korea: 53,134.

Letters

To implement these tariffs, Trump has invoked the powers set forth in the International Emergency Economic Powers Act (IEEPA) and Section 232 of the Trade Expansion Act of 1962. 

The Trump Administration has also initiated Section 232 investigations that could result in additional sectoral tariffs.

In July, the President sent letters to several trading partners. In them, he announced new tariffs, adjusted on a country-specific basis. These measures were to take effect on August 1.

Following the announcement, negotiations began. The Administration opened talks with various governments, addressing both tariff and non-tariff issues. At the same time, some countries responded with retaliation. They imposed tariffs on U.S. exports.

However, progress was made. In May, a framework agreement was reached with the United Kingdom. In addition, a temporary tariff truce was reached with China.

Trump imposed a general tariff of 10% on imports from all over the world. He also set additional tariffs, with rates ranging from 11% to 50%. These measures affected 57 countries or jurisdictions. According to his administration, these nations maintain unfair trade relations with the United States.

The tariffs went into effect briefly on April 9. However, the President ordered them suspended. He then postponed their implementation to July 9. Finally, a new executive order postponed implementation until August 1.

Below are the tariffs announced by Trump on his main sources of imports:

• European Union: 15 percent.
• Mexico: Under negotiation.
• Canada: Under negotiation.
• China:. In negotiation.
• Vietnam: 20 percent. 
• Taiwan: Under negotiation.
• Japan: 15 percent.
• South Korea: 15 percent.