As of early May 2025, the following tariffs are currently in place under the Trump administration's trade policy:
- A universal baseline tariff of 10% on nearly all imports into the U.S., effective April 5, 2025. This baseline tariff excludes imports from Canada and Mexico
- Higher "reciprocal" tariffs on select countries, ranging up to 50%, though many of these have been temporarily postponed for 90 days except for China
- China faces the highest tariffs, with a total effective rate of 145% on most Chinese goods. This includes a 20% earlier tariff plus additional tariffs announced in April 2025
- A 25% tariff on all imported vehicles, effective April 3, 2025
- A 25% tariff on all steel and aluminum imports, continuing from previous measures
- Tariffs of 25% on imports from Mexico and Canada that are not compliant with the United States-Mexico-Canada Agreement (USMCA). USMCA-compliant goods from these countries generally face 0% tariffs. However, energy imports from Canada face a 10% tariff, and potash imports from Canada and Mexico also have a 10% tariff
- Section 232 tariffs on steel, aluminum, and automobiles remain in effect
- Some exemptions exist, such as certain electronics (e.g., smartphones, computers) being temporarily exempt from the highest reciprocal tariffs but still subject to a 20% tariff
- Tariffs on fentanyl imports from Canada and Mexico remain, with trade under USMCA exempt but non-USMCA trade facing 25% tariffs, except for energy and potash which are taxed at 10%
- Tariffs on Venezuelan oil imports remain in effect
In summary, the U.S. maintains a complex tariff regime with a baseline 10% tariff on most imports, significantly elevated tariffs on China (up to 145%), 25% tariffs on vehicles, steel, and aluminum, and selective tariffs on Canada and Mexico depending on USMCA compliance. Some tariffs have been temporarily paused or adjusted, but the overall structure remains active as of May 2025
