TIMELINE-Major developments in Trump's trade war

BY Reuters | ECONOMIC | 01/19/26 03:17 AM EST

(Updates with Trump threatening tariffs over Greenland on Jan. 17)

Jan 19 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.

Here is a timeline of the major developments:

February 1, 2025 - Trump orders 25% tariffs on imports from Mexico and Canada and 10% on goods from China, demanding the three countries curb the flow of fentanyl and illegal immigrants into the U.S.

February 10, 2025 - Trump raises tariffs on steel ?and aluminium imports to a flat 25%.

March 3, 2025 - Trump says 25% tariffs on goods from Mexico and Canada will take effect from March 4 and doubles tariffs on all Chinese imports to 20%.

March 26, ?2025 - Trump unveils a 25% tariff on imported cars and light trucks.

April 2, 2025 - Trump announces global tariffs with a baseline of 10% across ?all imports and significantly higher duties on imports from some countries.

April 9, 2025 - Trump pauses most country-specific tariffs ?that kicked in less than 24 hours ?earlier. The 10% blanket duty on almost all U.S. imports stays in place. Trump says he will raise tariffs on Chinese imports to 125% from the 104% level that took effect a day ?earlier, pushing the extra duties on Chinese goods to 145%.

May 9, 2025 - Trump ?and British Prime Minister Keir Starmer announce a limited bilateral trade agreement that leaves in place 10% tariffs on British imports to the United States.

May 12, 2025 - The U.S. and China agree to slash tariffs for 90 days. The U.S. cuts ?the extra tariffs imposed on Chinese imports to 30%, while China reduces duties ?on U.S. imports ?to 10% from 125%.

May 29, 2025 - A federal appeals court temporarily reinstates the most sweeping of Trump's tariffs, pausing an earlier lower court's ruling to consider the government's appeal.

June 3, 2025 - Trump signs an executive proclamation hiking tariffs on steel and aluminium imports to 50%.

July ?3, 2025 - Trump says the U.S. will place a 20% tariff on many imports from Vietnam, with trans-shipments from third countries through Vietnam facing a 40% levy.

July 7, 2025 - Trump says additional higher duties announced previously will kick in on August 1. In letters sent to 14 countries, he says that will include tariffs between 25% and 40%.

July 15, 2025 - Trump says the U.S. and Indonesia made a new framework agreement under which the U.S. will reduce threatened tariffs on Indonesian goods to 19% from 32%.

July 22, 2025 - Trump strikes a trade deal with Japan that includes lowering tariffs on auto ?imports to 15%.

July ?30, 2025 - The U.S. reaches a deal with South Korea reducing the planned levies on imports to 15%.

July 31, 2025 - Trump signs an executive order imposing import tariffs ranging from 10% to 41% on 69 trading partners ahead of the trade deal deadline. He ?issues an order increasing the tariff rate on Canadian goods.

August 6, 2025 - Trump imposes an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.

August 7, 2025 - Trump's higher tariffs on imports from dozens of countries kick in, leaving major trade partners like Switzerland, Brazil and India scrambling for a better deal.

August 11, 2025 - Trump extends tariff truce with China for another 90 days, withholding imposition of three-digit duties until November 10.

August 21, 2025 - The U.S. and EU lock in a framework trade deal that sets duties at 15% on most imports.

September 30, 2025 - Trump slaps duties of 10% on imported timber and lumber and 25% on kitchen ?cabinets, bathroom vanities and upholstered furniture.

January 14, 2026 - Trump imposes a 25% tariff on certain AI chips, such as the Nvidia H200 AI processor and a similar semiconductor from AMD.

January 17, 2026 - Trump vows to implement a wave of tariffs on eight European allies until the U.S. is allowed to buy Greenland, saying additional 10% tariffs would take effect on February 1 and increase ?to 25% on June 1. (Compiled by Paolo Laudani and Mateusz Rabiega in Gdansk; editing by Jamie Freed, Lincoln Feast, Matt Scuffham, Milla Nissi-Prussak and Helen Reid)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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