Tariff Tracker

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Tariff Tracker

12 March 2025 / Additional Resources

As of March 12, 2025, 5:30 PM ET

Links to The Conference Board general articles on tariffs:

Impact of Tariffs on Three Largest US Trading Partners (March 4)
US Tariff Plan Would Cut GDP Growth, Swell Inflation (February 4)
The White House's Game Plan for Achieving Trade Balance...with 200 Partners (February 18)

US Tariff by Country or Sector	Latest Rate of US Tariff	Dates of Major Actions	Related Retaliatory Tariffs	Links to The Conference Board Analysis
China	20% in effect as of March 4	Effective at 10% as of February 4; increased by another 10% on March 4, to a total 20%	After April 12 China said it will impose 15% tariffs on US products like chicken, wheat and corn, and 10% on products like soybeans, pork, beef and fruit, China also said 15 US companies could not buy from them without permission
Mexico	25% in effect for goods not covered by USMCA 10% in effect for potash (fertilizer)	Implemented on March 4, but goods covered by USMCA are delayed until April 2. USMCA goods account for about half of what the US imports from Mexico	Mexico said they will announce retaliatory tariffs on April 2	The Importance of Mexico to US Food Supply (February 4)
Canada	25% nonenergy; 10% energy or energy resources 10% in effect for energy and energy resources 10% in effect for potash (fertilizer)	Implemented on March 4, but goods covered by USMCA are now delayed until April 2. USMCA goods account for about 38% of Canadian goods imported into the US	Effective March 4 Canada imposed retaliatory tariffs on about $20 billion of US imports, including meat and dairy products, alcoholic and non-alcoholic beverages, tobacco, cosmetics, tires, clothing, paper products, tools, and appliances, there are separate retaliatory tariffs resulting from steel and aluminum, see below
European Union	25% not yet in effect	Announced February 26	The European Union on March 12 announced retaliatory tariffs on $28 billion of US goods to take effect April 1, targeting American beef, poultry, bourbon and motorcycles, bourbon, peanut butter and jeans
Global	TBD	Announced February 13, the Administration expects to announce a program of “Fair and Reciprocal” tariffs related to its 200 trading partners
by sector
Steel & Aluminum	25% in effect on March 12	Announced February 10; effective March 12 for imports from all countries	Canada retaliated to the steel and aluminum tariffs with new duties on about $20 billion of US goods including steel and aluminum, and consumer goods including computers, sports equipment and cast iron products, effective March 13	Steel & Aluminum Tariffs Will Hike Costs...on Buildings, Bridges, and More (February 12)
Autos	25% not yet in effect	Announced February 12, effective April 2
Semiconductors / Pharmaceuticals	25%+ not yet in effect	Announced January 27, rate specified February 18, effective date unknown
Copper	TBD	Investigation February 25, report due November 22
Timber	TBD	Announced March 1, report due November 26		Policy Alert: Increasing Domestic Supply of Timber and Lumber (March 4)
Note on Elimination of duty-free de minimis treatment for items otherwise subject to tariffs		The de minimis exemption will be eliminated once the Secretary of Commerce determines that “adequate systems are in place to … collect tariff revenue.”

As of March 12, 2025, 5:30 PM ET

Links to The Conference Board general articles on tariffs:

Impact of Tariffs on Three Largest US Trading Partners (March 4)
US Tariff Plan Would Cut GDP Growth, Swell Inflation (February 4)
The White House's Game Plan for Achieving Trade Balance...with 200 Partners (February 18)

US Tariff by Country or Sector	Latest Rate of US Tariff	Dates of Major Actions	Related Retaliatory Tariffs	Links to The Conference Board Analysis
China	20% in effect as of March 4	Effective at 10% as of February 4; increased by another 10% on March 4, to a total 20%	After April 12 China said it will impose 15% tariffs on US products like chicken, wheat and corn, and 10% on products like soybeans, pork, beef and fruit, China also said 15 US companies could not buy from them without permission
Mexico	25% in effect for goods not covered by USMCA 10% in effect for potash (fertilizer)	Implemented on March 4, but goods covered by USMCA are delayed until April 2. USMCA goods account for about half of what the US imports from Mexico	Mexico said they will announce retaliatory tariffs on April 2	The Importance of Mexico to US Food Supply (February 4)
Canada	25% nonenergy; 10% energy or energy resources 10% in effect for energy and energy resources 10% in effect for potash (fertilizer)	Implemented on March 4, but goods covered by USMCA are now delayed until April 2. USMCA goods account for about 38% of Canadian goods imported into the US	Effective March 4 Canada imposed retaliatory tariffs on about $20 billion of US imports, including meat and dairy products, alcoholic and non-alcoholic beverages, tobacco, cosmetics, tires, clothing, paper products, tools, and appliances, there are separate retaliatory tariffs resulting from steel and aluminum, see below
European Union	25% not yet in effect	Announced February 26	The European Union on March 12 announced retaliatory tariffs on $28 billion of US goods to take effect April 1, targeting American beef, poultry, bourbon and motorcycles, bourbon, peanut butter and jeans
Global	TBD	Announced February 13, the Administration expects to announce a program of “Fair and Reciprocal” tariffs related to its 200 trading partners
by sector
Steel & Aluminum	25% in effect on March 12	Announced February 10; effective March 12 for imports from all countries	Canada retaliated to the steel and aluminum tariffs with new duties on about $20 billion of US goods including steel and aluminum, and consumer goods including computers, sports equipment and cast iron products, effective March 13	Steel & Aluminum Tariffs Will Hike Costs...on Buildings, Bridges, and More (February 12)
Autos	25% not yet in effect	Announced February 12, effective April 2
Semiconductors / Pharmaceuticals	25%+ not yet in effect	Announced January 27, rate specified February 18, effective date unknown
Copper	TBD	Investigation February 25, report due November 22
Timber	TBD	Announced March 1, report due November 26		Policy Alert: Increasing Domestic Supply of Timber and Lumber (March 4)
Note on Elimination of duty-free de minimis treatment for items otherwise subject to tariffs		The de minimis exemption will be eliminated once the Secretary of Commerce determines that “adequate systems are in place to … collect tariff revenue.”

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