How Trump's tariff policies have evolved
With President Donald Trump's 10% global tariff set to expire on July 24, the administration gears up for Plan C.
Plan A
FEBRUARY 4, 2025
Trump invoked a 1970s law claiming
emergency economic powers to impose
scorching tariff rates, which at one point
exceeded 100% for Chinese goods.
National effective tariff rate:
Annualized imports affected:
14.9%
$1T
Plan B
FEBRUARY 24, 2026
After the Supreme Court rendered the
tariffs illegal, the Trump administration
quickly moved to impose a temporary
10% tariff on all imports, citing a
different trade law.
National effective tariff rate:
Annualized imports affected:
11.7%
$1.1T
Plan C
JULY 24, 2026
Trump is widely expected to replace the
10% tariff, which expires on July 24, with
levies as high as 12.5% on certain
countries. Additionally, a 50% tariff on
certain goods from Canada is set to take
effect next month.
National effective tariff rate:
Annualized imports affected:
TBD
TBD
Plan A
FEBRUARY 4, 2025
Trump invoked a 1970s law claiming emergency economic powers to impose scorching tariff rates, which at one point exceeded 100% for Chinese goods.
National effective tariff rate:
Annualized imports affected:
14.9%
$1T
Plan B
FEBRUARY 24, 2026
After the Supreme Court rendered the tariffs illegal, the Trump administration quickly moved to impose a temporary 10% tariff on all imports, citing a different trade law.
Annualized imports affected:
National effective tariff rate:
11.7%
$1.1T
Plan C
JULY 24, 2026
Trump is widely expected to replace the 10% tariff, which expires on July 24, with levies as high as 12.5% on certain countries. Additionally, a 50% tariff on certain goods from Canada is set to take effect next month.
Annualized imports affected:
National effective tariff rate:
TBD
TBD
Plan A
february 4, 2025
Trump invoked a 1970s law claiming emergency economic powers to impose scorching tariff rates, which at one point exceeded 100% for Chinese goods.
National effective tariff rate:
Annualized imports affected:
$1T
14.9%
Plan B
FEBRUARY 24, 2026
After the Supreme Court rendered the tariffs illegal, the Trump administration quickly moved to impose a temporary 10% tariff on all imports, citing a different trade law.
National effective tariff rate:
Annualized imports affected:
11.7%
$1.1T
Plan C
JULY 24, 2026
Trump is widely expected to replace the 10% tariff, which expires on July 24, with levies as high as 12.5% on certain countries. Additionally, a 50% tariff on certain goods from Canada is set to take effect next month.
National effective tariff rate:
Annualized imports affected:
TBD
TBD
