By John Meyer, consultant in financial affairs – Eurasia Business News, February 27, 2025. Article No 1436.

U.S. President Trump imposed tariffs on February 1st to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into the United States.

As Trump has just announced additional 10% tariff on imports from China, here is a list of countries affected by tariffs imposed by President Trump in 2025:

Canada :

Canada faces a 25% tariff on most imports, with a 10% tariff on energy resources, announced the Trump administration on Febuary 1st.

Canada negotiated a temporary pause on tariffs by agreeing to bolster its border security measures, including a $1.3 billion border strategy to combat fentanyl trafficking.

Tariffs were paused for 30 days and are set to resume on March 4, 2025.

Mexico:

Mexico faces a 25% tariff on most imports, announced the Trump administration on Febuary 1st.

Mexico has been negotiating with the U.S. to avoid tariffs by deploying troops to secure its northern border and restricting firearms flow into Mexico. Discussions are ongoing to find a permanent solution.

Tariffs were delayed until March 4, 2025.

China is the main target of Trump

In early February, President Donald Trump imposed a 10% tariff on all imports from China. This move was part of a broader strategy to address issues related to the synthetic opioid supply chain, particularly the flow of precursor chemicals used in the production of fentanyl. 

The tariffs on Chinese goods became effective on February 4. Additionally, Trump has announced plans to double the tariff on China to 20%, which is set to take effect on March 4, alongside the implementation of tariffs on Canada and Mexico.

European Union:

Donald Trump has threatened to slap 25% tariffs on the European Union, claiming the 27-country bloc was “formed to screw the United States”.

“We’ll be announcing it very soon,” he told reporters at an appearance with members of his cabinet. “It’ll be 25% generally speaking and that will be on cars and all other things.”

The EU is negotiating to avoid tariffs.

The European Union on Thursday pushed back hard and warned that it would vigorously fight any wholesale tariff of 25% on all EU products.

Metal exporting countries : Australia, South Korea

Trump has also announced plans for global tariffs on steel and aluminum, set to take effect on March 12, 2025.

Australia has had discussions with Trump regarding potential exemptions from steel and aluminum tariffs, given its minor steel exports to the U.S. and significant purchases of U.S. aircraft and submarines.

South Korea is contemplating negotiations with the U.S. following the imposition of steel tariffs, similar to past agreements that included import quotas.

Additionally, there are considerations for reciprocal tariffs against all countries based on their existing tariffs and trade balances.

Colombia:

Briefly faced a 25% tariff due to a dispute over deportee flights, but the issue was resolved.

Consequences of this new trade war

This trade war could encourage the development of maritime smuggling in coming years or parallel import routes and mitigating strategies in order to circumvent U.S. customs duties on imports.

Parallel imports, or “gray market” goods, are non-counterfeit products imported without the intellectual property owner’s permission. Tariffs can make these imports more attractive as they often offer cheaper alternatives to locally priced goods.

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© Copyright 2025 – Eurasia Business News. Article no. 1436.