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Toll of tariffs: See the global impact of Trump's trade war in Canada, Mexico, Asia, EU

March 11, 2025Updated July 23, 2025, 1:05 p.m. ET
President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., April 2, 2025. On April 2 — what Trump dubbed " Liberation Day " — the president enacted a series of new reciprocal tariffs. Trump eventually paused most of the tariffs for 90 days while his administration negotiated trade deals, but few deals have materialized and the administration has been sending letters to countries setting their tariff rates. Those tariffs will take effect Aug. 1. See how Trump's trade policies have impacted the global economy.
President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., April 2, 2025. On April 2 — what Trump dubbed "Liberation Day" — the president enacted a series of new reciprocal tariffs.

Trump eventually paused most of the tariffs for 90 days while his administration negotiated trade deals, but few deals have materialized and the administration has been sending letters to countries setting their tariff rates. Those tariffs will take effect Aug. 1.

See how Trump's trade policies have impacted the global economy.
Carlos Barria, Reuters
An artisan works on a pair of leather boots for the U.S. market at the workshop of Tegep Boots, a popular Indonesian handmade leather boots maker with many dedicated customers in the United States and Europe, in Bandung, West Java on July 15, 2025. At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when President Donald Trump's tariffs hit exports.
An artisan works on a pair of leather boots for the U.S. market at the workshop of Tegep Boots, a popular Indonesian handmade leather boots maker with many dedicated customers in the United States and Europe, in Bandung, West Java on July 15, 2025. At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when President Donald Trump's tariffs hit exports.
TIMUR MATAHARI, AFP Via Getty Images
Arabica coffee beans are roasted at a coffee roastery in Banda Aceh on July 9, 2025. President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs on July 7, but then said he may be flexible on his new August deadline to reach deals. Trump has threatened Jakarta with a 32 percent tariff on top of a base 10 percent if it does not strike a new trade agreement by August 1.
Arabica coffee beans are roasted at a coffee roastery in Banda Aceh on July 9, 2025. President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs on July 7, but then said he may be flexible on his new August deadline to reach deals. Trump has threatened Jakarta with a 32 percent tariff on top of a base 10 percent if it does not strike a new trade agreement by August 1.
CHAIDEER MAHYUDDIN, AFP Via Getty Images
A member of staff works as bags of rice are seen piled up at a rice store in Tokyo on July 9, 2025. While President Donald Trump imposed a 10 percent tariff on most U.S. trading partners in April, the rate is set to rise for dozens of economies including the European Union and Japan come July 9.
A member of staff works as bags of rice are seen piled up at a rice store in Tokyo on July 9, 2025. While President Donald Trump imposed a 10 percent tariff on most U.S. trading partners in April, the rate is set to rise for dozens of economies including the European Union and Japan come July 9.
YUICHI YAMAZAKI, AFP Via Getty Images
A farmer harvests chrysanthemum flowers in a field on July 9, 2025 in Sunkathonnur village, near Pandavapura, Karnataka state, India. Agriculture and dairy remain key roadblocks in the India-U.S. trade deal, with New Delhi wary of undercutting millions of smallholder farmers. India has offered non-sensitive industries like textiles, gems and leather but stands firm on agriculture and dairy as Trump threatens reciprocal tariffs of 26%, now delayed until August 1.
A farmer harvests chrysanthemum flowers in a field on July 9, 2025 in Sunkathonnur village, near Pandavapura, Karnataka state, India. Agriculture and dairy remain key roadblocks in the India-U.S. trade deal, with New Delhi wary of undercutting millions of smallholder farmers. India has offered non-sensitive industries like textiles, gems and leather but stands firm on agriculture and dairy as Trump threatens reciprocal tariffs of 26%, now delayed until August 1.
Abhishek Chinnappa, Getty Images
Artisan Renata works with Chilean copper at her shop on July 9, 2025 in Santiago, Chile. With around 5.5 million tons per year and with a 25% of the global production, Chile is the biggest copper producer in the world and the most important supplier of the metal for the United States market. President Trump announced an increase of 50% in copper tariffs.
Artisan Renata works with Chilean copper at her shop on July 9, 2025 in Santiago, Chile. With around 5.5 million tons per year and with a 25% of the global production, Chile is the biggest copper producer in the world and the most important supplier of the metal for the United States market. President Trump announced an increase of 50% in copper tariffs.
Marcelo Hernandez, Getty Images
A worker spreads jaggery into a mould in a jaggery manufacturing plant on July 9, 2025 in Kalenahalli village, near Pandavapura, Karnataka state, India. Agriculture and dairy remain key roadblocks in the India-U.S. trade deal, with New Delhi wary of undercutting millions of smallholder farmers. India has offered non-sensitive industries like textiles, gems and leather but stands firm on agriculture and dairy as Trump threatens reciprocal tariffs of 26%, now delayed until August 1.
A worker spreads jaggery into a mould in a jaggery manufacturing plant on July 9, 2025 in Kalenahalli village, near Pandavapura, Karnataka state, India. Agriculture and dairy remain key roadblocks in the India-U.S. trade deal, with New Delhi wary of undercutting millions of smallholder farmers. India has offered non-sensitive industries like textiles, gems and leather but stands firm on agriculture and dairy as Trump threatens reciprocal tariffs of 26%, now delayed until August 1.
Abhishek Chinnappa, Getty Images
A worker operates an industrial embroidery machine at a garment factory in Lahore on July 14, 2025. European markets mostly fell on July 14, while Asia was mixed as investors digested President Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 per cent tariffs.
A worker operates an industrial embroidery machine at a garment factory in Lahore on July 14, 2025. European markets mostly fell on July 14, while Asia was mixed as investors digested President Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 per cent tariffs.
ARIF ALI, AFP Via Getty Images
People walk past a gate of the Samsung Electro-Mechanics factory, following U.S. President Donald Trump's imposition of a tariff rate of 46 per cent on Vietnam, in Thai Nguyen province, Vietnam, April 9, 2025.
People walk past a gate of the Samsung Electro-Mechanics factory, following U.S. President Donald Trump's imposition of a tariff rate of 46 per cent on Vietnam, in Thai Nguyen province, Vietnam, April 9, 2025.
Thinh Nguyen, REUTERS
Cargo ships are loaded with containers as it is docked at the port of Bangkok, in Bangkok, Thailand, April 3, 2025. Thailand, with a tariff rate of 37% imposed by U.S. President Donald Trump, is one of six countries in the Southeast Asian region slapped with much higher-than-expected tariffs by the U.S.
Cargo ships are loaded with containers as it is docked at the port of Bangkok, in Bangkok, Thailand, April 3, 2025. Thailand, with a tariff rate of 37% imposed by U.S. President Donald Trump, is one of six countries in the Southeast Asian region slapped with much higher-than-expected tariffs by the U.S.
Athit Perawongmetha, REUTERS
Feek Family Citrus, located off Orange Avenue in western St. Lucie County, Fla., grows, packs and ships citrus from local groves across the country. Canada threatened retaliatory tariffs against the U.S., specifically targeting Florida orange juice . Doug Feek explained that the proposed tariffs across North America would actually benefit his citrus-packing business.
Feek Family Citrus, located off Orange Avenue in western St. Lucie County, Fla., grows, packs and ships citrus from local groves across the country.

Canada threatened retaliatory tariffs against the U.S., specifically targeting Florida orange juice. Doug Feek explained that the proposed tariffs across North America would actually benefit his citrus-packing business.
KAILA JONES, TCPALM Via USA TODAY Network
View from a didi taxi car of a foot bridge showing a screen displaying financial markets information at the financial district in Shanghai on April 9, 2025. President Donald Trump forged ahead with tariffs of over 100 percent against Chinese goods after Beijing refused to withdraw its retaliation as the world's biggest economies go head-to-head in a ruinous trade war that has rocked global markets.
View from a didi taxi car of a foot bridge showing a screen displaying financial markets information at the financial district in Shanghai on April 9, 2025. President Donald Trump forged ahead with tariffs of over 100 percent against Chinese goods after Beijing refused to withdraw its retaliation as the world's biggest economies go head-to-head in a ruinous trade war that has rocked global markets.
HECTOR RETAMAL, AFP Via Getty Images
People visit The Bund promenade along the Huangpu River in Shanghai on April 9, 2025, with the city's financial district seen in the background. Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with Washington.
People visit The Bund promenade along the Huangpu River in Shanghai on April 9, 2025, with the city's financial district seen in the background. Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with Washington.
HECTOR RETAMAL, AFP Via Getty Images
US President Donald Trump , Russian President Vladimir Putin, and China's President Xi Jinping are depicted on a wall of graffiti on April 9, 2025 in London, England. Since Trump announced his sweeping tariffs on April 2, markets have taken massive hits, sparking fears of a global recession that could have far-reaching impacts on British households and the economy.
US President Donald Trump , Russian President Vladimir Putin, and China's President Xi Jinping are depicted on a wall of graffiti on April 9, 2025 in London, England. Since Trump announced his sweeping tariffs on April 2, markets have taken massive hits, sparking fears of a global recession that could have far-reaching impacts on British households and the economy.
Dan Kitwood, Getty Images
A stock ticker shows trading at a securities firm in the Central Business District on April 9, 2025 in Beijing, China. China announced plans to impose an 84% tariff on imports of all U.S. products starting from April 10, as retaliation following U.S. President Donald Trump's tariff hike to 104 percent on all Chinese goods going into the U.S.
A stock ticker shows trading at a securities firm in the Central Business District on April 9, 2025 in Beijing, China. China announced plans to impose an 84% tariff on imports of all U.S. products starting from April 10, as retaliation following U.S. President Donald Trump's tariff hike to 104 percent on all Chinese goods going into the U.S.
Kevin Frayer, Getty Images
A worker dressed in a fire retardant coat takes a sample of molten iron for analysis at the blast furnace at the Thyssenkrupp steel plant on April 9, 2025 in Duisburg, Germany. The European steel sector is facing uncertainty due to global tariffs imposed by U.S. President Donald Trump.
A worker dressed in a fire retardant coat takes a sample of molten iron for analysis at the blast furnace at the Thyssenkrupp steel plant on April 9, 2025 in Duisburg, Germany. The European steel sector is facing uncertainty due to global tariffs imposed by U.S. President Donald Trump.
Sean Gallup, Getty Images
High-voltage transmission towers that carry electricity are seen in Canada from East China Township, Mich., March 8, 2025. On March 11, President Donald Trump escalated his trade war with Canada, pledging to double his planned steel and aluminum tariffs on America's northern neighbor after the province of Ontario said it would charge U.S. customers more for electricity. Trump's action came one day after Ontario said it would put a 25% fee on U.S. energy users in Minnesota, New York and Michigan. Ontario Premier Doug Ford said he expected the surcharge to raise costs for those American consumers by an average of $100 a month. Ford added that "if the United States escalates, I will not hesitate to shut the electricity off completely.” Trump said he would increase from 25% to 50% the tariffs that were due to take effect on March 12 for Canada only, using his authority to declare a national emergency on electricity in the affected areas. Trump would not rule out an economic slowdown as a result of tariffs in an interview that aired over the weekend.
High-voltage transmission towers that carry electricity are seen in Canada from East China Township, Mich., March 8, 2025. On March 11, President Donald Trump escalated his trade war with Canada, pledging to double his planned steel and aluminum tariffs on America's northern neighbor after the province of Ontario said it would charge U.S. customers more for electricity. Trump's action came one day after Ontario said it would put a 25% fee on U.S. energy users in Minnesota, New York and Michigan.

Ontario Premier Doug Ford said he expected the surcharge to raise costs for those American consumers by an average of $100 a month. Ford added that "if the United States escalates, I will not hesitate to shut the electricity off completely.”

Trump said he would increase from 25% to 50% the tariffs that were due to take effect on March 12 for Canada only, using his authority to declare a national emergency on electricity in the affected areas. Trump would not rule out an economic slowdown as a result of tariffs in an interview that aired over the weekend.
Rebecca Cook, Reuters
Empty shelves with Buy Canadian Instead signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, Canada March 10, 2025. American liquor, wine and spirit brands have been pulled off shelves in many Canadian stores as part of retaliatory measures to Trump 's tariffs. Trump said last week that products that fall under the USMCA trade agreement would not face a tariff until April. Trump also delayed tariffs on automakers until April 2.
Empty shelves with Buy Canadian Instead signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, Canada March 10, 2025.

American liquor, wine and spirit brands have been pulled off shelves in many Canadian stores as part of retaliatory measures to Trump's tariffs. Trump said last week that products that fall under the USMCA trade agreement would not face a tariff until April. Trump also delayed tariffs on automakers until April 2.

Jennifer Gauthier, Reuters
A carpenter works on a home in a new subdivision Tuesday, March 4, 2025 in Waunakee, Wis. President Trump's administration imposed tariffs on imports from Canada and Mexico, a move that's expected to increase prices for consumers on a slew of everyday products. A 25% tariff on softwood lumber products from Canada would be in addition to an effective 14.5% duty rate already in place, meaning that the overall effective Canadian lumber tariffs will rise to nearly 40%, according to the National Association of Home Builders.
A carpenter works on a home in a new subdivision Tuesday, March 4, 2025 in Waunakee, Wis. President Trump's administration imposed tariffs on imports from Canada and Mexico, a move that's expected to increase prices for consumers on a slew of everyday products. A 25% tariff on softwood lumber products from Canada would be in addition to an effective 14.5% duty rate already in place, meaning that the overall effective Canadian lumber tariffs will rise to nearly 40%, according to the National Association of Home Builders.
Mark Hoffman, USA TODAY Network
Nuri Leaj, owner of Albanian Eagle Cafe in Windsor, says he doesn't know what's going to happen to Canada and the United States' relationship, but if the tariff becomes permanent it will kill businesses, at his cafe on Thursday, March 6, 2025.
Nuri Leaj, owner of Albanian Eagle Cafe in Windsor, says he doesn't know what's going to happen to Canada and the United States' relationship, but if the tariff becomes permanent it will kill businesses, at his cafe on Thursday, March 6, 2025.
Kimberly P. Mitchell, USA TODAY Network
A banner reading "Buy Canadian", in response to President Donald Trump's tariffs on goods from Canada, is held aloft by a pair of hockey sticks in front of a house in Winnipeg, Manitoba, Canada March 5, 2025.
A banner reading "Buy Canadian", in response to President Donald Trump's tariffs on goods from Canada, is held aloft by a pair of hockey sticks in front of a house in Winnipeg, Manitoba, Canada March 5, 2025.
Ed White, Reuters
A drone view shows cattle to be exported to the United States, as Mexican cattle ranchers await clarification on the implementation of the new export trade tariffs announced by the U.S., at the Chihuahua Regional Livestock Union, in Nuevo Palomas, Mexico, March 4, 2025. According to a March 6 report by Reuters , the flow of Mexican goods exported to the U.S. has slowed as companies hold back stock to see if President Donald Trump might reverse his decision to implement 25% tariffs on Mexico , which took effect on Tuesday, March 4.
A drone view shows cattle to be exported to the United States, as Mexican cattle ranchers await clarification on the implementation of the new export trade tariffs announced by the U.S., at the Chihuahua Regional Livestock Union, in Nuevo Palomas, Mexico, March 4, 2025. According to a March 6 report by Reuters, the flow of Mexican goods exported to the U.S. has slowed as companies hold back stock to see if President Donald Trump might reverse his decision to implement 25% tariffs on Mexico, which took effect on Tuesday, March 4.
Jose Luis Gonzalez, Reuters
Cargo trucks remain in a parking lot, as some Mexican companies halt exports to the U.S., hoping for the tariffs to be reversed, in the outskirts of Ciudad Juarez, Mexico, March 5, 2025.
Cargo trucks remain in a parking lot, as some Mexican companies halt exports to the U.S., hoping for the tariffs to be reversed, in the outskirts of Ciudad Juarez, Mexico, March 5, 2025.
Jose Luis Gonzalez, Reuters
A worker performs a quality check at Muchos Mangos Company as Mango growers in southern Mexico quickly took advantage of a temporary suspension of tariffs on goods imported to the U.S. from Mexico, in San Pedro Tapanatepec, Mexico, March 6, 2025. President Donald Trump took executive action Thursday postponing for one month new tariffs on imports from Canada and Mexico that fall under the United States-Mexico-Canada Agreement . It's was the latest backpedaling in a trade war that Trump ignited when he declared there was "no room left" for negotiations and imposed steep 25% tariffs on all goods imported from the two neighboring countries.
A worker performs a quality check at Muchos Mangos Company as Mango growers in southern Mexico quickly took advantage of a temporary suspension of tariffs on goods imported to the U.S. from Mexico, in San Pedro Tapanatepec, Mexico, March 6, 2025.

President Donald Trump took executive action Thursday postponing for one month new tariffs on imports from Canada and Mexico that fall under the United States-Mexico-Canada Agreement.

It's was the latest backpedaling in a trade war that Trump ignited when he declared there was "no room left" for negotiations and imposed steep 25% tariffs on all goods imported from the two neighboring countries.
Jose Cortes, Reuters
Supporters gather on the day of an event by Mexico's President Claudia Sheinbaum to give details on the country's response to U.S. President Donald Trump's 25% tariffs on imports from Mexico, including retaliatory tariffs to U.S., at Zocalo Square in downtown Mexico City, Mexico, March 9, 2025.
Supporters gather on the day of an event by Mexico's President Claudia Sheinbaum to give details on the country's response to U.S. President Donald Trump's 25% tariffs on imports from Mexico, including retaliatory tariffs to U.S., at Zocalo Square in downtown Mexico City, Mexico, March 9, 2025.
Quetzalli Nicte-Ha, Reuters
A man holds a piñata depicting President Donald Trump during the rally of Mexico's President Claudia Sheinbaum at the Zocalo square in Mexico City on March 9, 2025. Sheinbaum credited "dialogue" for her US counterpart Donald Trump's decision to offer temporary relief on tariffs imposed on goods from her country, and she declared herself 'optimistic' about the future of the trade relationship, but also warned: 'We cannot give up our sovereignty'.
A man holds a piñata depicting President Donald Trump during the rally of Mexico's President Claudia Sheinbaum at the Zocalo square in Mexico City on March 9, 2025. Sheinbaum credited "dialogue" for her US counterpart Donald Trump's decision to offer temporary relief on tariffs imposed on goods from her country, and she declared herself 'optimistic' about the future of the trade relationship, but also warned: 'We cannot give up our sovereignty'.
HAARON ALVAREZ, AFP Via Getty Images
Mexican military search for equipment used to traffic drugs and humans in an area in the Valley of Juarez on Feb. 5, 2025. The soldiers were deployed as part of the binational agreement between Mexico and the U.S. to avoid tariffs on Mexican exports to the U.S.
Mexican military search for equipment used to traffic drugs and humans in an area in the Valley of Juarez on Feb. 5, 2025. The soldiers were deployed as part of the binational agreement between Mexico and the U.S. to avoid tariffs on Mexican exports to the U.S.
Omar Ornelas, El Paso Times Via USA TODAY Network
Wolf's Ridge staff member Cathy Scott walks through the main production area at Wolf's Ridge Brewing in Columbus, Ohio. Wolf's Ridge, like other local breweries, expects to be impacted by an aluminum tariff from the Trump administration. Wolf's Ridge cans most of its own beer locally at 660 Hague Ave on the West Side. The tariff is expected to impact businesses that purchase single-use beer cans.
Wolf's Ridge staff member Cathy Scott walks through the main production area at Wolf's Ridge Brewing in Columbus, Ohio. Wolf's Ridge, like other local breweries, expects to be impacted by an aluminum tariff from the Trump administration. Wolf's Ridge cans most of its own beer locally at 660 Hague Ave on the West Side. The tariff is expected to impact businesses that purchase single-use beer cans.
Doral Chenoweth, The Columbus Dispatch Via USA TODAY Network
Wolf's Ridge Brewing keeps a storage area full of kegs, but staff member Harry Pendergrast said they are reusable and therefore not affected by tariffs as much as single-use beer cans.
Wolf's Ridge Brewing keeps a storage area full of kegs, but staff member Harry Pendergrast said they are reusable and therefore not affected by tariffs as much as single-use beer cans.
Doral Chenoweth, The Columbus Dispatch Via USA TODAY Network
One Neighborhood Builders is turning a corner lot on Atwells Avenue into an income-restricted apartment complex in Providence, Rhode Island. The project is on a tight budget that could be thrown out of whack by proposed tariffs.
One Neighborhood Builders is turning a corner lot on Atwells Avenue into an income-restricted apartment complex in Providence, Rhode Island. The project is on a tight budget that could be thrown out of whack by proposed tariffs.
Kris Craig, The Providence Journal Via USA TODAY Network
A sign stating that all American products have been removed from the shelves in response to U.S. tariffs on Canadian goods is placed on the door of LCBO (Liquor Control Board of Ontario) in Windsor, Ontario, Thursday, March 6, 2025.
A sign stating that all American products have been removed from the shelves in response to U.S. tariffs on Canadian goods is placed on the door of LCBO (Liquor Control Board of Ontario) in Windsor, Ontario, Thursday, March 6, 2025.
Kimberly P. Mitchell, USA TODAY Network
Clarita Estabalaya, the bookkeeper at Shanfields-Meyers Jewellery & China Shop in downtown Windsor, Ontario, on Thursday, March 6, 2025. Estabalaya talked about her own trips to Traverse City and Indiana, and how she usually goes shopping in the United States every couple of weeks. “We feel sad because we’re so close to the U.S. We have some family there. We go back and forth,” she said. But Estabalaya suggested that the impact of tariffs and an unfavorable exchange rate would have an adverse effect on future trips.
Clarita Estabalaya, the bookkeeper at Shanfields-Meyers Jewellery & China Shop in downtown Windsor, Ontario, on Thursday, March 6, 2025. Estabalaya talked about her own trips to Traverse City and Indiana, and how she usually goes shopping in the United States every couple of weeks.
“We feel sad because we’re so close to the U.S. We have some family there. We go back and forth,” she said.
But Estabalaya suggested that the impact of tariffs and an unfavorable exchange rate would have an adverse effect on future trips.
Kimberly P. Mitchell, Detroit Free Press
Senior Manager Trevor Hill removes the last bottles of American Whiskey from the shelves at the Cambie BC Liquor in Vancouver, British Columbia, Canada March 10, 2025.
Senior Manager Trevor Hill removes the last bottles of American Whiskey from the shelves at the Cambie BC Liquor in Vancouver, British Columbia, Canada March 10, 2025.
Jennifer Gauthier, Reuters
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