Trump discussed the tariffs in a series of posts on his social media platform, Truth Social. One update announced the official orders of the tariffs, stating that the decision was made to “protect” ...

For example, in February 2025, President Trump implemented a 25% tariff on imports from Canada and Mexico and a 10% tariff on imports from China. There's also a 10% tariff on energy resources from ...

There are also “specific tariffs,” which are charged as a fixed amount on each imported good (for example, $2 per shirt) and “tariff-rate quotas,” which are tariffs that kick in or rise ...

These tariffs are calculated as a percentage of the value of imported goods, which makes them adaptable to price fluctuations. Here are some typical examples of ad valorem tariffs: Ad valorem ...

When evaluating how President Donald Trump's new tariffs on Mexico, Canada, and China could impact Americans, start by ...