Timeline: How Trump’s tariffs are upending global trade in 2025
Between February and April 2018, President Trump implemented a series of fluctuating tariffs impacting global trade. Initially targeting fentanyl and illegal immigration, tariffs expanded to steel, aluminum, and various goods from China, Mexico, and Canada. Decisions saw repeated revisions, including suspensions, delays, and exemptions, creating market uncertainty. While tariffs on Mexico and Canada were frequently adjusted, those on China remained largely in place. A blanket 10% tariff on nearly all US imports was introduced in April, alongside higher duties for major trading partners, but saw a 90-day pause after market backlash.
