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ARTICLE · 14 AUGUST 2025

First 100 Days of Tariffs During President Trumps Second Term Recap and Lessons

Tariff turbulence best summarizes the first 100 days of President Trump's second term — and dealing with the effects on the U.S. economy is not simple.

GlobalInternational Law

What's happened?

Tariff turbulence best summarizes the first 100 days of President Trump's second term — and dealing with the effects on the U.S. economy is not simple. The on-and-off seesaw of U.S. tariffs has forced many companies and countries to closely and constantly track which tariffs apply and when. As of April 29, the 100th day of the new administration, the following is a summary of the tariffs to date. 

Tariff Actions1 Countries Duty Rate Affected Commodities Effective Date
IEEPA-Fentanyl

Mexico, Canada

China

25%

20%

  • Essentially all commodities (potash 10%; energy, energy resources 10% for Canada);
    • USMCA qualifying goods are exempt.

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