The time line of Trump tariffs in Canada, Mexico and China

The sweeping rates issued by President Donald Trump this week reversed relations with US trading partners, generating stock markets and triggered diplomatic tensions.

Trump administration slapped 25% of goods tariffs from Mexico and Canada, as well as 10% rates for imports from China. New Rounds for Chinese goods duplicated the initial tariff set placed in China last month.

A day later, Trump issued a one -month postponement for automatic related goods tariffs from Mexico and Canada. The steel was expanded immediately afterwards with an additional one-month pause for items from Mexico and Canada in accordance with the United States-Mexican-Canadian agreement, or USMCA, a free trade agreement.

Rates repeat – and, in some cases, increased – the policy approach carried out during Trump’s first term of office.

Below is the time line of Trump’s recent efforts to impose a broad tariff, and what has happened since they apply.

October 15, 2024 -In the appearance at the Economic Club of Chicago, the presidential candidate at that time Donald Trump voiced enthusiasm for tariffs. “For me, the most beautiful word in the dictionary is ‘tariff,'” Trump said. The comment exemplifies the spirit of which Trump supports tariffs during the 2024 Presidential Campaign.

November 25, 2024 – Less than three weeks after the victory of his election, Trump announced Social truth Planning to place 25% of tariffs on all imports from Canada and Mexico, quoting allegations of failure to secure their respective borders with Trump US also said he will put 10% of the tariff of goods from China, calling for the country to stop the production of illegal fentanyl that is bound to US US that is bound to US.

January 20 – Trump is signed memo Calling for cabinet members to “assess migration that violates the law and flow of Fentanyl” from Canada, Mexico and China. After that, officials must “recommend appropriate national trade and security steps to resolve the emergency,” said the Memo.

February 1 – Trump ordered 25% of goods tariffs from Mexico and Canada, as well as 10% of import tariffs from China. The White House said the tariff will apply on February 4.

February 3 -Trump announced a one-month gap from tariffs in Canada and Mexico after reaching an agreement with each country that includes a commitment to increase border enforcement.

February 4 – The US applies 10% of goods tariffs from China.

February 27 -Trump emphasized the plan to charge a 25% tariff in Canada and Mexico when the one -month delay ended on March 4. He also announced that an additional 10% of goods tariffs from China would also apply on the same day.

March 3 – Speaking at the White House, Trump repeated plans to move forward with a new rate of the next day. Within a few minutes, the stock market fell. S&P 500 closed down 1.7%, the worst trading day since December.

March 4 – The tariff of goods from Canada, Mexico and China came into force at 12:01 in the morning et. The trade war is almost instant broke. China and Canada each responded with a retaliation rate, swear additional steps. Mexican President Claudia Sheinbaum slammed Trump’s tariff but said he would postpone the steps of retaliation until after the conversation with him. US shares extend their losses from the previous day.

March 5 -Trump ordered a one -month postponement of car rates after a request from the “Big 3” car maker: Ford, General Motors and Stellantis, Gares of Jeep and Chrysler. The suspension of the penalty triggers the surge in the stock market, generating profits for each main index at the end of the trading day.

March 6 -Trump signs executive orders for a while stopping tariffs at Canadian and Mexican goods in accordance with the United States-MEXIKO-KANADA Treaty, or USMCA, free trade agreements. Apart from tariff easing, US shares continue to jump before. S&P 500 dropped by around 2%, while Nasdaq technology dropped 2.5%.