Tracking Every Trump Tariff and Its Economic Effect

Updated: | Published:

President Donald Trump’s sweeping tariffs went into effect Aug. 7, four months after he first announced nation-by-nation rates and a week after he announced a slew of new levies. A global minimum duty of 10% has been put in place, as well as higher rates for select trading partners.

In the hours before the midnight effective time, he also signed an executive order adding an additional 25% tariff on India over its purchase of Russian energy, set to go into effect within the next three weeks. Switzerland will be hit with one of the highest rates, 39%, despite efforts from Swiss president Karin Keller-Sutter, who rushed to Washington earlier this week to try to renegotiate.

Trump’s tariffs on steel, aluminum, copper and cars are based on so-called Section 232 investigations into the national-security implications of imports in critical sectors. There are ongoing investigations that could lay the foundation for such tariffs to be imposed on additional sectors: semiconductors, pharmaceuticals, critical minerals, lumber, heavy trucks and commercial aircraft and engines.

The president is hoping that his tariffs will help protect US jobs and encourage companies to invest more in the country, ​​as well as raise government revenue. But many economists say the tariffs will hurt growth as higher prices for goods put a squeeze on household budgets.

Here’s a compilation of measures both implemented and planned, accompanied by a Bloomberg Economics view on the effect.

Tariffs Imposed Announced Threatened Paused orRemoved

Select to filter

Affected Trade

$986.7B

Reciprocal
baseline
rate

$804B

Reciprocal
higher
rates

$795.2B

World

$444.9B

China

$58.9B

Canada,
Mexico

$18B

Brazil

$13.2B

Canada

for details
Steel, aluminum (new products added from June 23)
6/4/25
All except some sectors
4/9/25
Autos (from April 3), parts (from May 3). Parts eligible to temporary tariff offset for cars assembled in the US (April 29 announcement).
4/3/25
All
4/2/25
Steel, aluminum (new products added from June 23)
3/12/25
Commercial Aircraft and Jet Engines
Under Investigation
Semiconductors, electronics
Under Investigation
Pharmaceuticals
Under Investigation
Minerals
Under Investigation
Timber and lumber
Under Investigation
Targets
China
Effective Date
5/14/25

Goods Targeted
All except some sectors

Tariff Rate
10%

Tariff Impact on US
Affected Trade
$276.4B
Average Effective Tariff Rate
+0.85%
GDP
–0.12%
Inflation
+0.07%
for details
All
3/4/25
All
2/4/25
All except some sectors
11/10/25
All except some sectors
4/10/25
All except some sectors
4/9/25
for details
All except some sectors
8/1/25
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
All except some sectors
4/9/25
Targets
Canada, Mexico
Effective Date
3/4/25

Goods Targeted
USMCA noncompliant goods from March 7 (all goods from March 4–6)

Tariff Rate
25%; 10% for Canadian energy; and potash 10% from March 7 versus 25% before

Tariff Impact on US
Affected Trade
$58.9B
Average Effective Tariff Rate
+0.45%
GDP
–0.06%
Inflation
+0.04%

for details
USMCA compliant goods, excluding potash and Canadian energy
4/3/25
USMCA compliant potash, Canadian energy
4/3/25
for details
All except some sectors
Within 21 days after Aug. 6 announcement
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Switzerland
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
39%

Tariff Impact on US
Affected Trade
$36.6B
Average Effective Tariff Rate
+0.32%
GDP
–0.05%
Inflation
+0.03%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Thailand
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
19%

Tariff Impact on US
Affected Trade
$33.4B
Average Effective Tariff Rate
+0.09%
GDP
–0.01%
Inflation
+0.01%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Taiwan
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
20%

Tariff Impact on US
Affected Trade
$29.5B
Average Effective Tariff Rate
+0.09%
GDP
–0.01%
Inflation
+0.01%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Malaysia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
19%

Tariff Impact on US
Affected Trade
$25.4B
Average Effective Tariff Rate
+0.07%
GDP
–0.01%
Inflation
+0.01%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Israel
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$12.9B
Average Effective Tariff Rate
+0.02%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Cambodia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
19%

Tariff Impact on US
Affected Trade
$11.2B
Average Effective Tariff Rate
+0.03%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Bangladesh
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
20%

Tariff Impact on US
Affected Trade
$8.3B
Average Effective Tariff Rate
+0.03%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
All except some sectors
4/9/25
Reciprocal higher rates
South Africa
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
30%

Tariff Impact on US
Affected Trade
$6.5B
Average Effective Tariff Rate
+0.04%
GDP
–0.01%
Inflation
0%
Reciprocal higher rates
New Zealand
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$5B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
Reciprocal higher rates
Pakistan
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
19%

Tariff Impact on US
Affected Trade
$4.9B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Ecuador
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$4.3B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
Reciprocal higher rates
Norway
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$3.8B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
Reciprocal higher rates
Jordan
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$3.3B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Sri Lanka
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
20%

Tariff Impact on US
Affected Trade
$2.9B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
All except some sectors
4/9/25
Reciprocal higher rates
Tunisia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
25%

Tariff Impact on US
Affected Trade
$1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Ivory Coast
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.8B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Iceland
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.8B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Laos
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
40%

Tariff Impact on US
Affected Trade
$0.7B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Myanmar
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
40%

Tariff Impact on US
Affected Trade
$0.6B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Madagascar
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.6B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Serbia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
35%

Tariff Impact on US
Affected Trade
$0.5B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Nigeria
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.4B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Botswana
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.4B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Kazakhstan
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
25%

Tariff Impact on US
Affected Trade
$0.3B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Venezuela
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.3B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Fiji
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.3B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Lesotho
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Mauritius
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Namibia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Bolivia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Mozambique
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Bosnia and Herzegovina
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
30%

Tariff Impact on US
Affected Trade
$0.2B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
North Macedonia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Liechtenstein
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Zambia
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Uganda
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Guyana
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Angola
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Cameroon
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Zimbabwe
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0.1B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Malawi
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Afghanistan
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Democratic Republic of the Congo
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Vanuatu
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Syria
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
41%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Reciprocal higher rates
Equatorial Guinea
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Chad
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
Reciprocal higher rates
Nauru
Effective Date
8/7/25

Goods Targeted
All except some sectors

Tariff Rate
15%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
for details
All except some sectors
4/9/25
for details
All except some sectors
4/9/25
Reciprocal higher rates
Nicaragua
Effective Date
4/9/25

Goods Targeted
All except some sectors

Tariff Rate
18%

Tariff Impact on US
Affected Trade
$3.9B
Average Effective Tariff Rate
+0.01%
GDP
0%
Inflation
0%
Reciprocal higher rates
Falkland Islands
Effective Date
4/9/25

Goods Targeted
All except some sectors

Tariff Rate
41%

Tariff Impact on US
Affected Trade
$0B
Average Effective Tariff Rate
0%
GDP
0%
Inflation
0%
Targets
EU, UK, Canada
Effective Date
Unknown

Goods Targeted
Undetermined

Tariff Rate
Unspecified vs digital taxes
Targets
BRICS members
Effective Date
Unknown

Goods Targeted
All

Tariff Rate
Another 10%
Research by: Maeva CousinRana SajediJames Mayger Design and development by: Jeremy DiamondJason KaoAdrian LeungShadab NazmiJane PongYasufumi SaitoChristopher Udemans Edited by: Martin KeohanBrendan MurrayRitsuko AndoAlex NewmanDerek Wallbank

Sources: US Census Bureau; WTO; Bloomberg Economics

Note: non-USMCA compliant goods for Mexico and Canada are assumed to be all dutiable imports in 2024, excluding Canadian crude oil. Steel and aluminum are per published tariff product lists, and effective 2024 tariffs are used to calculate the impact of removing exemptions; Autos are from pre-publication tariff product list. For threats, we assume a 25% tariff rate and use the exclusions list from the ‘reciprocal’ tariff executive order: pharmaceuticals are all HS-29 and HS-30; semi-conductors are all HS-85; and other sectors are all HS-74 (Copper) and HS-44 (Lumber and Timber).