Saturday, August 23, 2025

Presidential 2025 Tariff Actions: Timeline and Status: Helpful Summary and Tables

August 22, 2025, Congresssional Research Report R48549, Presidential 2025 Tariff Actions: Timeline and Status.

Since the beginning of his second term on January 20, 2025, President Donald J. Trump has increased tariffs on U.S. imports from all global partners. To implement these tariffs, the President has cited authorities in the International Emergency Economic Powers Act (IEEPA, 50 U.S.C. §§1701 et seq.) and Section 232 of the Trade Expansion Act of 1962 (Section 232, 19 U.S.C. §1862, as amended). The Trump Administration has also initiated investigations under Section 232 which may result in additional sectoral tariffs. The Administration may also consider tariffs as a remedy for unfair trade practices under Section 301 of the Trade Act of 1974 (Section 301, 19 U.S.C. §§2411-20).

Since announcing these tariff actions, the Administration has been in negotiations with some partners on tariff and nontariff matters, and some trade partners have announced retaliatory tariffs on U.S. exports. Between April and August 2025, the Administration reached framework agreements with the United Kingdom and the European Union, and a temporary tariff truce with China. In July 2025, the Administration also announced initial details of preliminary agreements with Indonesia, Vietnam, the Philippines, South Korea, and Japan. Some negotiations appear to have stalled (e.g., with Canada and India); other negotiations are ongoing (e.g., with Mexico and China). The conclusion of ongoing talks and the implementation of agreed terms may further alter the details of the tariff actions summarized in the following tables.

No comments:

Post a Comment