2025-02-01
: Trump Imposes 25% Tariffs on Canada and Mexico — Trump signs an executive order imposing 25% tariffs on all imports from Canada and Mexico, citing fentanyl flows and border security.
2025-03-04
: China Tariffs Raised to 20% — Beijing Retaliates — Trump raises tariffs on all Chinese goods to 20%, and China responds with targeted duties on US agricultural exports.
2025-04-02
: "Liberation Day" — Sweeping Global Tariffs Announced — Trump declares "Liberation Day" and announces broad tariffs on imports from virtually every country, calling it a reclaiming of American economic sovereignty.
2025-04-04
: Stock Markets Crash — Worst Week Since 2020 — Global markets suffer their worst week since the COVID crash as investors price in a full-scale trade war.
2025-04-09
: EU Announces Retaliatory Tariffs on US Goods — The European Union announces counter-tariffs targeting American whiskey, motorcycles, denim, and agricultural products.
2025-04-09
: Trump Pauses Tariffs for 90 Days — Except China — Trump announces a 90-day pause on the new "reciprocal" tariffs for most countries, but simultaneously raises China tariffs to 125%.
2025-04-11
: China Raises Tariffs on US Goods to 125% — China matches Trump's escalation, raising tariffs on US imports to 125% and filing a WTO complaint.
2025-05-10
: US-China Trade Talks Begin in Geneva — US and Chinese trade negotiators meet in Geneva for the first formal talks since the tariff escalation, raising hopes of a partial deal.
2025-06-11
: US Inflation Rises — Consumer Prices Hit Hardest — CPI data shows inflation accelerating as tariff costs pass through to US consumers, with electronics, clothing, and food leading the increases.
2026-04-02
: One Year of Liberation Day — Economic Reckoning — One year after Liberation Day, economists assess the damage: higher prices, a wider trade deficit, and ongoing uncertainty.