Stay current
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How it Happened?
June 9
United States and China re-open tariff negotiations
June 4
United States steel and aluminium tariffs increase to 50%, UK imports remain at 25%
May 30
United States announces it will increase steel and aluminium tariffs to 50% from June 4
May 28
United States Court of International Trade rules IEEPA Tariffs (Fentanyl/Reciprocal), Court of Appeals pauses ruling to consider appeal
May 25
United States postpones European Union 50% tariffs until July 9
May 23
United States announces plan to place 50% tariffs on European Union goods from June 1, and 25% tariff on Apple iPhones
May 14
Reciprocal tariff rate now 10% for Chinese imports to United States, similarly for United States imports to China. De Minimis Chinese imports to US now 54% tariff or flat rate of $100
May 12
United States and China agree to a 90-day reduction to on reciprocal tariffs to 10% for imports between both countries by May 14. Other tariffs continue to apply.
May 08
United States and United Kingdom announce trade deal. 10% reciprocal tariff on UK imports to US stays in place with concessions on section 232 Steel, aluminium and automotive tariffs amongst other measures. US will receive greater market access for beef and ethanol amongst other measures.
May 03
United States auto parts (USMCA compliant) tariff goes into effect
May 02
De Minimis ban for goods from China and Hong Kong goes into effect
May 01
United States:
• Section 232 investigation on imports of commercial aircraft and jet engines, and their parts launched
• Announces intent to apply secondary tariffs on Iranian oil and petrochemicals
