Tracking Every Trump Tariff and Its Economic Effect Updated: August 7, 2025 | Published: March 21, 2025
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 or Removed Select to filter
Impact of imposed tariffs on US: $986.7B
Reciprocal baseline rate
$804B
Reciprocal higher rates
Tariff Details by Targets World
Goods Targeted
Copper (excluding refined copper)
Average Effective Tariff Rate
+0.24%
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
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
China
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.85%
for details All
3/4/25
All except some sectors
11/10/25
All except some sectors
4/10/25
All except some sectors
4/9/25
EU
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.49%
for details All except some sectors
8/1/25
All except some sectors
4/9/25
Vietnam
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.26%
for details All except some sectors
4/9/25
Japan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.11%
for details All except some sectors
4/9/25
All except some sectors
4/9/25
Canada, Mexico
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
Average Effective Tariff Rate
+0.45%
for details USMCA compliant goods, excluding potash and Canadian energy
4/3/25
USMCA compliant potash, Canadian energy
4/3/25
India
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.24%
for details All except some sectors
Within 21 days after Aug. 6 announcement
All except some sectors
4/9/25
South Korea
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.07%
for details All except some sectors
4/9/25
Switzerland
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.32%
for details All except some sectors
4/9/25
Thailand
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.09%
for details All except some sectors
4/9/25
Taiwan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.09%
for details All except some sectors
4/9/25
Malaysia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.07%
for details All except some sectors
4/9/25
Indonesia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.06%
for details All except some sectors
4/9/25
Brazil
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.22%
Canada
Goods Targeted
USMCA noncompliant goods, excluding potash and Canadian energy
Average Effective Tariff Rate
+0.04%
Israel
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.02%
for details All except some sectors
4/9/25
Cambodia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.03%
for details All except some sectors
4/9/25
Bangladesh
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.03%
for details All except some sectors
4/9/25
Philippines
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.02%
for details All except some sectors
4/9/25
All except some sectors
4/9/25
South Africa
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.04%
New Zealand
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
Pakistan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
for details All except some sectors
4/9/25
Ecuador
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
Norway
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
Jordan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Sri Lanka
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
for details All except some sectors
4/9/25
All except some sectors
4/9/25
Tunisia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Ivory Coast
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Iceland
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Laos
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
for details All except some sectors
4/9/25
Myanmar
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
for details All except some sectors
4/9/25
Madagascar
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Serbia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Nigeria
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Botswana
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Algeria
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Kazakhstan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Venezuela
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Fiji
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Lesotho
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Mauritius
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Namibia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Brunei
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Bolivia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Mozambique
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Bosnia and Herzegovina
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
North Macedonia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Liechtenstein
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Zambia
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Uganda
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Guyana
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Moldova
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Angola
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Cameroon
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Zimbabwe
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Iraq
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Malawi
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Afghanistan
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Democratic Republic of the Congo
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Vanuatu
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Syria
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Equatorial Guinea
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Chad
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Nauru
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
Libya
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
for details All except some sectors
4/9/25
EU, Japan, South Korea
Goods Targeted
Autos and parts (lower rate announced as part of trade deal)
Nicaragua
Goods Targeted
All except some sectors
Average Effective Tariff Rate
+0.01%
Falkland Islands
Goods Targeted
All except some sectors
Average Effective Tariff Rate
0%
Mexico
Goods Targeted
USMCA noncompliant goods
Average Effective Tariff Rate
+0.07%
EU, UK, Canada
Goods Targeted
Undetermined
Tariff Rate
Unspecified vs digital taxes
Research by: Maeva Cousin Rana Sajedi James Mayger Design and development by: Jeremy Diamond Jason Kao Adrian Leung Shadab Nazmi Jane Pong Yasufumi Saito Christopher Udemans Edited by: Martin Keohan Brendan Murray Ritsuko Ando Alex Newman Derek 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).