Tracking Every Trump Tariff and Its Economic Effect

US President Donald Trump said Tuesday that he reached a deal with Indonesia, setting a 19% tariff on their goods. Indonesia had been threatened with a 32% tariff and is the first country targeted by one of the White House’s recent letters to negotiate a reduction in its tariff rate.

More than 20 letters have been sent since last week. Trump told trading partners that the new rates will kick in on Aug. 1 if they cannot negotiate better terms. Trump insisted on July 8 that there will be no change in the Aug. 1 deadline.

These letters refer to the “reciprocal” tariffs, which are aimed at reducing the US trade deficit, and the separate duties on Canada and Mexico addressing drug trafficking and border security. Both these groups of tariffs are facing legal challenges within the US.

Trump’s tariffs on steel, aluminum and cars — based on so-called Section 232 investigations into the national-security implications of imports in critical sectors — are on more solid legal ground. There are several ongoing investigations that could lay the foundation for such tariffs to be imposed on several more sectors: semiconductors, pharmaceuticals, critical minerals, copper, lumber, heavy trucks and commercial aircraft and engines.

The president is hoping that his tariffs will help protect US jobs and encourage companies to invest more in the country, ​​as well as raise government revenue. But many economists say the tariffs will hurt growth as higher prices for goods put a squeeze on household budgets. The chaotic, on-again off-again nature of Trump’s actions could also discourage businesses from investing and hiring, and possibly disrupt supply chains geared for predictability.

Here’s a compilation of measures both implemented and planned, accompanied by a Bloomberg Economics view on the effect.

Tariffs Imposed Announced Threatened Paused orRemoved

Select to filter

Impact of imposed tariffs on US:

Affected Trade

$988.8B

Reciprocal
baseline
rate

$779.7B

World

$444.9B

China

$41.4B

Canada,
Mexico

Tariff Details by Targets

Targets

World Except UK

Effective Date

6/4/25

---

Goods Targeted

Steel, aluminum (new products added from June 23)

---

Tariff Rate

Another 25%

---

Tariff Impact on US

Affected Trade

$205.9B

Average Effective Tariff Rate

+1.01%

GDP

–0.15%

Inflation

+0.09%

---

Read more: Trump Signs Order Doubling US Steel, Aluminum Tariffs to 50% →

for details

All except some sectors

4/9/25

Autos (from April 3), parts (from May 3). Parts eligible to temporary tariff offset for cars assembled in the US (April 29 announcement).

4/3/25

All

4/2/25

Steel, aluminum (new products added from June 23)

3/12/25

Copper

8/1/25

Commercial Aircraft and Jet Engines

Under Investigation

Semiconductors, electronics

Under Investigation

Pharmaceuticals

Under Investigation

Minerals

Under Investigation

Timber and lumber

Under Investigation

Targets

China

Effective Date

5/14/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

10%

---

Tariff Impact on US

Affected Trade

$278.9B

Average Effective Tariff Rate

+0.85%

GDP

–0.12%

Inflation

+0.07%

for details

All

3/4/25

All

2/4/25

All except some sectors

8/10/25

All except some sectors

4/10/25

All except some sectors

4/9/25

Targets

Canada, Mexico

Effective Date

3/4/25

---

Goods Targeted

USMCA noncompliant goods from March 7 (all goods from March 4–6)

---

Tariff Rate

25%; 10% for Canadian energy; and potash 10% from March 7 versus 25% before

---

Tariff Impact on US

Affected Trade

$41.4B

Average Effective Tariff Rate

+0.31%

GDP

–0.04%

Inflation

+0.03%

---

Read more: Trump Escalates Global Trade War, Sparking Tit-for-Tat Tariffs →

for details

USMCA noncompliant goods, excluding potash and Canadian energy

8/1/25

USMCA compliant goods, excluding potash and Canadian energy

4/3/25

USMCA compliant potash, Canadian energy

4/3/25

Reciprocal higher rates

EU

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$337.9B

Average Effective Tariff Rate

+2.07%

GDP

–0.3%

Inflation

+0.18%

---

Read more: Trump Says US to Impose 30% Tariffs on EU, Mexico Next Month →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Vietnam

Effective Date

Unknown

---

Goods Targeted

All except some sectors

---

Tariff Rate

20%

---

Tariff Impact on US

Affected Trade

$90.5B

Average Effective Tariff Rate

+0.28%

GDP

–0.04%

Inflation

+0.02%

---

Read more: US Reaches Vietnam Trade Deal With 20% Import Tariff, Trump Says →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Japan

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$80.7B

Average Effective Tariff Rate

+0.37%

GDP

–0.05%

Inflation

+0.03%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Brazil

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

50%

---

Tariff Impact on US

Affected Trade

$27.1B

Average Effective Tariff Rate

+0.33%

GDP

–0.05%

Inflation

+0.03%

---

Read more: Trump Hikes Brazil Tariff to 50% After BRICS, Bolsonaro Flaps →

Reciprocal updated rates

Malaysia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$27B

Average Effective Tariff Rate

+0.12%

GDP

–0.02%

Inflation

+0.01%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Indonesia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

19%

---

Tariff Impact on US

Affected Trade

$24.3B

Average Effective Tariff Rate

+0.07%

GDP

–0.01%

Inflation

+0.01%

---

Read more: Trump Says Indonesian Goods to Face 19% Tariff Under Trade Pact →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Cambodia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

36%

---

Tariff Impact on US

Affected Trade

$11.8B

Average Effective Tariff Rate

+0.09%

GDP

–0.01%

Inflation

+0.01%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Philippines

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

20%

---

Tariff Impact on US

Affected Trade

$8.6B

Average Effective Tariff Rate

+0.03%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Bangladesh

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

35%

---

Tariff Impact on US

Affected Trade

$8.3B

Average Effective Tariff Rate

+0.06%

GDP

–0.01%

Inflation

+0.01%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Sri Lanka

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$2.9B

Average Effective Tariff Rate

+0.02%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Tunisia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$1.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Laos

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

40%

---

Tariff Impact on US

Affected Trade

$0.7B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Serbia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

35%

---

Tariff Impact on US

Affected Trade

$0.7B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Myanmar

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

40%

---

Tariff Impact on US

Affected Trade

$0.6B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Kazakhstan

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$0.3B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Brunei

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Bosnia and Herzegovina

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

for details

All except some sectors

8/1/25

Reciprocal updated rates

Moldova

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Iraq

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Reciprocal updated rates

Libya

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

for details

All except some sectors

8/1/25

Targets

EU, UK, Canada

Effective Date

Unknown

---

Goods Targeted

Undetermined

---

Tariff Rate

Unspecified vs digital taxes

Targets

BRICS members

Effective Date

Unknown

---

Goods Targeted

All

---

Tariff Rate

Another 10%

Reciprocal higher rates

India

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

26%

---

Tariff Impact on US

Affected Trade

$55.8B

Average Effective Tariff Rate

+0.27%

GDP

–0.04%

Inflation

+0.02%

Reciprocal higher rates

South Korea

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

25%

---

Tariff Impact on US

Affected Trade

$53.5B

Average Effective Tariff Rate

+0.25%

GDP

–0.04%

Inflation

+0.02%

Reciprocal higher rates

Thailand

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

36%

---

Tariff Impact on US

Affected Trade

$38B

Average Effective Tariff Rate

+0.3%

GDP

–0.04%

Inflation

+0.03%

Reciprocal higher rates

Switzerland

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

31%

---

Tariff Impact on US

Affected Trade

$37.2B

Average Effective Tariff Rate

+0.24%

GDP

–0.03%

Inflation

+0.02%

Reciprocal higher rates

Taiwan

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

32%

---

Tariff Impact on US

Affected Trade

$34.8B

Average Effective Tariff Rate

+0.23%

GDP

–0.03%

Inflation

+0.02%

Reciprocal higher rates

Israel

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

17%

---

Tariff Impact on US

Affected Trade

$13.3B

Average Effective Tariff Rate

+0.03%

GDP

0%

Inflation

0%

Reciprocal higher rates

South Africa

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$6.6B

Average Effective Tariff Rate

+0.04%

GDP

–0.01%

Inflation

0%

Reciprocal higher rates

Pakistan

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

29%

---

Tariff Impact on US

Affected Trade

$4.9B

Average Effective Tariff Rate

+0.03%

GDP

0%

Inflation

0%

Reciprocal higher rates

Norway

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

15%

---

Tariff Impact on US

Affected Trade

$3.9B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

Reciprocal higher rates

Nicaragua

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

18%

---

Tariff Impact on US

Affected Trade

$3.9B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

Reciprocal higher rates

Jordan

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

20%

---

Tariff Impact on US

Affected Trade

$3.3B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

Reciprocal higher rates

Ivory Coast

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

21%

---

Tariff Impact on US

Affected Trade

$0.8B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Madagascar

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

47%

---

Tariff Impact on US

Affected Trade

$0.6B

Average Effective Tariff Rate

+0.01%

GDP

0%

Inflation

0%

Reciprocal higher rates

Nigeria

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

14%

---

Tariff Impact on US

Affected Trade

$0.4B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Botswana

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

37%

---

Tariff Impact on US

Affected Trade

$0.4B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Algeria

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$0.3B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

---

Read more: Trump Reveals Latest Batch of Tariffs From Iraq to Philippines →

Reciprocal higher rates

Venezuela

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

15%

---

Tariff Impact on US

Affected Trade

$0.3B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Fiji

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

32%

---

Tariff Impact on US

Affected Trade

$0.3B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Lesotho

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

50%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Mauritius

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

40%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Namibia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

21%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Liechtenstein

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

37%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Mozambique

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

16%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

North Macedonia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

33%

---

Tariff Impact on US

Affected Trade

$0.2B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Zambia

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

17%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Guyana

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

38%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Angola

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

32%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Cameroon

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

11%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Zimbabwe

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

18%

---

Tariff Impact on US

Affected Trade

$0.1B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Malawi

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

17%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Falkland Islands

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

41%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Democratic Republic of the Congo

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

11%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Vanuatu

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

22%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Syria

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

41%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Equatorial Guinea

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

13%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Chad

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

13%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%

Reciprocal higher rates

Nauru

Effective Date

8/1/25

---

Goods Targeted

All except some sectors

---

Tariff Rate

30%

---

Tariff Impact on US

Affected Trade

$0B

Average Effective Tariff Rate

0%

GDP

0%

Inflation

0%