Trump's Tariffs Threats

Upon taking office, President Trump has issued numerous tariff threats, ranging from universal tariffs on foreign imports to targeted threats against specific sectors, regions, and countries.

Broad Tariff Threats

* Trump envisions a phased rollout of universal tariffs on all US imports.
* Treasury Secretary Bessent advocates for a 2.5% tariff, increasing monthly.
* Higher tariffs have also been suggested by Trump.
* Economists predict inflationary effects and potential trade wars.

Threats on Specific Countries

Mexico and Canada:

* Trump considered imposing 25% duties on imports from these countries in retaliation for migration and fentanyl trafficking.
* Mexico is the US's largest trade partner, with exports including industrial goods and auto components.
* Canada exports energy, cars, and auto parts to the US.

China:

* Trump continues to threaten tariffs against China despite a "friendly" conversation with President Xi.
* Previous trade wars between China and the US have negatively impacted both economies.

Europe:

* Trump alleges unfair trade surpluses and threatens tariffs or demands for increased US oil and gas purchases.
* US gas export capacity is limited, complicating these demands.

Russia:

* Trump threatens tariffs and sanctions if a resolution to the Ukraine conflict is not reached.

India/BRICS Nations:

* India accused of trade abuse; tariffs threatened if trade imbalances persist.
* BRICS nations warned of tariffs if they create a new currency.

Threats on Products

Semiconductors:

* Trump aims to impose tariffs on imported computer chips from Taiwan, where major manufacturers like TSMC operate.

Pharmaceuticals:

* Tariffs on pharmaceuticals, including medications, have been suggested.

Metals:

* Aluminum, copper, and steel tariffs are proposed to incentivize local production.
* Imports account for a significant portion of US metal needs.

Automobiles:

* 25% tariffs on imports from Canada and Mexico on February 1st are being considered.
* Higher tariffs on other vehicles, including EVs, have been proposed.