The radical tariffs issued by President Donald Trump this week altered relations with the main US business partners, started the stock market and fueled diplomatic tensions.
The Trump administration slapped 25% of the assets of the goods of Mexico and Canada, as well as 10% of the imports of China imports. The new round of duties on Chinese products doubled an initial set of rates placed in China last month.
A day later, Trump issued a one -month delay for tariffs on goods related to Mexico and Canada’s car. The taller expanded shortly after with an additional pause of one month for goods from Mexico and Canada that complies with the United States-Canadá, or USMCA agreement, a free trade agreement.
The tariffs repeated, and, in some way, a political approach made during Trump’s first mandate in office intensified.
Below is a timeline of Trump’s recent effort to impose long -range rates, and what has happened since it entered into force.
October 15, 2024 -In an appearance at the Chicago Economic Club, the then nominated presidential Donald Trump expressed enthusiasm for tariffs. “For me, the most beautiful word in the dictionary is’ tariff ”,” Trump said. The comments exemplified the fervor with which Trump supported the tariffs during the 2024 presidential campaign.
November 25, 2024 – Less than three weeks after his electoral victory, Trump announced about Social truth It plans to impose 25% tariffs on all imports from Canada and Mexico, citing an alleged breach to ensure their respective borders with the United States also said that it would put 10% of tariffs on China’s goods, asking the country to stop the production of illegal fentanyl for the United States.
January 20 – Trump signed A note Call the cabinet members to “evaluate illegal migration and fentanyl flows” of Canada, Mexico and China. Subsequently, officials must “recommend appropriate national and commercial security measures to resolve that emergency,” said the memorandum.
February 1 – Trump ordered 25% tariffs on the goods of Mexico and Canada, as well as 10% of tariffs in China imports. The White House said the tariffs would take effect on February 4.
The truck tail near the border with Mexico-EE. UU. Before crossing the border in Commercial Otay Crossing in Tijuana, Baja California State, Mexico, March 4, 2025.
Guillermo Arias/AFP through Getty Images
February 3 -Trump announced a pause of one month of tariffs on Canada and Mexico after reaching agreements with each country that included commitments to reinforce the border application.
February 4 – The United States imposed 10% tariffs on China’s assets.
February 27 -Trump affirmed the plans to impose 25% tariffs on Canada and Mexico when the delay of one month expires on March 4. He also announced that an additional 10% rate on China’s assets will also enter into force on the same day.
March 3 – Speaking at the White House, Trump reiterated plans to advance with a new round of tariffs the next day. In a matter of minutes, the stock market fell. The sANDP 500 closed 1.7%, its worst negotiation day since December.
March 4 – Tariffs on the assets of Canada, Mexico and China entered into force at 12:01 am et. An almost instantaneous commercial war broke out. China and Canada responded with retaliation rates, promising additional measures. Mexican President Claudia Sheinbaum criticized Trump’s tariffs, but said she waited for reprisal measures until after a conversation with him. US actions extended their losses of the previous day.
March 5 -Trump ordered a month of one month of automatic tariffs after a request from US car manufacturers “Big 3”: Ford, General Motors and Stellantis, the parent company of Jeep and Chrysler. The relief triggered an increase in the stock market, which resulted in profits for each of the main indices for the end of the negotiation day.
March 6 -Trump signed executive orders that temporarily pause tariffs on Canadian and Mexican goods that comply with the United States-Mexico, or USMCA, or Free Trade Agreement. Despite the flexibility of rates, US actions resumed their previous fall. The sANDP 500 fell around 2%, while heavy technological nasdaq fell 2.5%.
