Trump's Tariff Rollercoaster: A Timeline of Economic Shifts
Since January, President Donald Trump has enacted a series of significant tariff measures impacting the global economy. Key developments include imposing and adjusting tariffs on goods from Mexico, Canada, China, and the EU, as well as several trade agreements. This timeline outlines the major changes and their implications.
The global economy has been rocked since U.S. President Donald Trump took office, primarily due to his aggressive tariff policies. Since January, a timeline of events underscores the sweeping impact of these decisions on international trade.
Beginning in February, Trump imposed a 25% tariff on Mexican and Canadian imports and 10% on goods from China, seeking to curb fentanyl and illegal immigration. Concessions on border enforcement with North America resulted in temporary tariff pauses, but heftier steel and aluminum tariffs followed.
Throughout the spring and summer, new tariffs were repeatedly instated, adjusted, and negotiated with various nations, including a significant agreement with China to reduce reciprocal tariffs and subsequent threats to escalate tariffs on goods from numerous countries, underlining a volatile economic environment.
(With inputs from agencies.)
ALSO READ
Japanese National's Espionage Sentence in China Sparks Controversy
US Companies in China Face New Challenges Amid Trade Tensions
Martin Fischer to Helm ZEISS Greater China: A New Era Begins
Record-Breaking Heat Wave Strains China's Power Grid
The Fentanyl Flashpoint: Trump, China, and the Fight Against Opioids
Google News