Tariff and Trade Investigation Tracker

The Trump administration has announced a variety of trade actions, including tariffs and other measures that could impact U.S. imports and exports. The table below tracks the status of major trade and tariff actions and proposals, including a full list of reciprocal tariffs.

Editor’s note: Trump’s tariffs are a constantly developing story, and the final word on most tariffs is still somewhat up in the air; and in turn, some things within this article may have changed.

Full list of tariffs and trade investigations

Important trade actions investors should watch

While the Trump administration has put in motion a large number of trade actions, some are more imminent and impactful than others.

Supreme Court strikes down reciprocal tariffs, Trump administration imposes new 10% tariff and announces additional investigations

The Supreme Court has struck down the so-called reciprocal tariffs imposed by the Trump Administration under the International Emergency Economic Powers Act (IEEPA), as well as tariffs on Canada, Mexico, and China imposed under the same authority to address immigration and the flow of illegal drugs.

The decision does not affect tariffs imposed under other statutes, such as the steel, aluminum, and automobile tariffs imposed under Section 232 or other tariffs on China imposed under Section 301.

The Trump administration has since used Section 122 of the Trade Act of 1974 to impose a 10% tariff on products of all countries, effective Feb. 24 for 150 days. Tariffs imposed under Section 122 are capped at 15%.

The order maintains exclusions from the IEEPA tariffs, including energy and certain minerals not available in the United States. An exemption for computers, smartphones, and consumer electronics had been announced, but the administration has suggested separate tariffs on those products and semiconductors are forthcoming.

Products already subject to other tariffs, like steel, aluminum, and vehicles and parts, were not subject to reciprocal tariffs. Products under investigation for potential tariffs are also exempt, including copper, pharmaceuticals, semiconductors, and lumber.

The Trump administration has also announced a series of new, accelerated investigations under Section 301 covering major trading partners. Areas of investigation include: industrial excess capacity, forced labor, pharmaceutical pricing, discrimination against U.S. technology companies and digital goods and services, digital services taxes, ocean pollution, and practices related to the trade in seafood, rice, and other products.

China tariffs

The U.S. and China reached an agreement on Oct. 30 on a range of trade issues. Under the agreement, U.S. tariffs on Chinese goods will drop to 47% and Chinese tariffs on U.S. goods will remain at 10%. China will resume purchasing soybeans and other U.S. agricultural products. China also committed to pausing its export controls on rare-earth and critical minerals announced on Oct. 9 for a year, but did not commit to rolling back controls issued earlier in 2025.

The two sides agreed to pause heightened port fees on each other’s cargo ships.

The U.S. suspended an export control rule issued on Sept. 29, which would have treated subsidiaries of black-listed companies on the so-called entity list the same as the parent company.

China is not exempt from other U.S. trade measures, such as the sector and product-specific Section 232 tariffs.

Under the agreement, China has also agreed to roll back non-tariff barriers it had imposed earlier in the year in response to the Trump administration’s actions. That includes removing export controls on 15 U.S. companies, removing 10 U.S. companies from its Unreliable Entity list, and reversing a prohibition on imports of gene sequencers from Illumina (ILMN +1.57%).

On Sept. 15, China found that Nvidia’s (NVDA +0.77%) 2020 acquisition of Mellanox Technologies violated its anti-monopoly laws but did not announce penalties on the company.

New trade deals

The Trump administration has announced a series of trade agreements in the aftermath of the global tariffs imposed in April 2025. The Supreme Court’s invalidation of the IEEPA tariffs and Trump administration’s use of Section 122 to impose a new global 10% has created uncertainty and confusion around the status of those agreements.

The U.S.-U.K. trade deal

The United States and the United Kingdom announced on June 16 a trade agreement and framework for further negotiations. Under the agreement, the United States will maintain a 10% tariff on most imports from the U.K., will lower tariffs on aircraft parts and engines from the U.K. to zero, and provide for an annual quota of 100,000 automobiles made in the U.K. to face a 10% tariff versus a 27.5% duty. The U.K. also secured an exemption from the 50% U.S. tariff on steel and aluminum, although those measures remain subject to further negotiation.

The U.S.-Vietnam trade deal

The United States and Vietnam announced on July 2 a trade agreement that subjects most Vietnamese products to a 20% tariff and products transshipped from China through Vietnam to the U.S. to a 40% tariff. Some Vietnamese products will be exempt from tariffs.

There are no details on how the United States will determine whether a product from Vietnam has been transshipped through China. The Trump administration has expressed concern that China is using third countries as platforms for product assembly and export to the United States in order to evade duties.

Vietnam was initially threatened with a 46% reciprocal tariff rate.

Vietnam has agreed to lower its tariffs on U.S. agricultural and industrial products. The two countries have also agreed to address other trade barriers, including Vietnam’s acceptance of U.S. motor vehicle safety and emission standards, as well as medical device import licensing and regulatory requirements for U.S. pharmaceuticals.

Vietnam also agreed to purchase 50 Boeing aircraft.

The U.S.-Indonesia trade deal

The United States and Indonesia confirmed on July 16 the outlines of a trade agreement, under which the United States would apply a 19% tariff on Indonesian goods, while U.S. exports to Indonesia would be tariff-free. Indonesia has agreed to purchase $19 billion worth of U.S. goods, including 50 Boeing (BA +1.17%) aircraft, $15 billion in energy, and over $4 billion in agricultural products.

The Trump administration had threatened Indonesia with a 32% tariff, effective Aug. 1. Indonesia had an $18 billion trade surplus with the United States in 2024.

The U.S.-Philippines trade deal

The United States announced a trade agreement with the Philippines on July 22 that imposes a 19% tariff on goods from that country. U.S. exports to the Philippines will face no tariffs under the agreement. Further details have not been released. The Trump administration had threatened the Philippines with a 20% tariff rate, effective Aug. 1.

The U.S.-Japan trade deal

On July 22, the United States reached a trade agreement with Japan under which Japanese goods, including automobiles and auto parts, will face a 15% tariff when entering the United States. Japan will establish a $550 billion fund for investments in the United States, with the United States receiving 90% of the profits. Additional details on how the investment fund would operate have not been released.

Separate from the investment fund, Japan agreed to purchase 100 aircraft from Boeing, buy 75% more rice, increase agricultural and defense spending with U.S. companies, and engage in a liquified natural gas pipeline project in Alaska.

Japan also agreed to approve U.S. automotive standards and lift unspecified restrictions on U.S. auto and truck imports.

Japan secured a commitment from the United States that it would receive the lowest tariff rate on sectoral tariffs.

The U.S.-EU trade deal

The U.S. and European Union (EU) announced a trade agreement and framework for further negotiations on July 27. The EU has paused work on ratifying the agreement given uncertainty around the U.S. tariff regime.

Under the July agreement, most EU goods will face a 15% tariff when entering the United States, while U.S. industrial goods exported to the EU will face no tariffs, and seafood and agricultural products will receive preferential tariff rates.

The United States will apply the lower of its Most Favored Nation (MFN) tariff rate or a 15% tariff to the following products from the EU: unavailable natural resources, aircraft and aircraft parts, and generic pharmaceuticals, as well as their ingredients and chemical precursors.

The U.S. has also agreed to cap its applied tariffs on EU-origin pharmaceuticals, semiconductors, and lumber at 15%.

Once the EU introduces legislation for tariff reductions, the U.S. will cut Section 232 tariffs on EU autos and auto parts as follows:

• No Section 232 tariffs if MFN tariff is less than or equal to 15%.
• If the MFN tariff is greater than 15%, the total tariff (MFN + Section 232) will be set at 15%.

The U.S. and EU will explore cooperation on steel, aluminum, and derivatives to prevent overcapacity and secure supply chains, possibly through tariff-rate quotas.

The EU also agreed to buy $750 worth of U.S. energy, invest $600 billion in the United States, and procure additional military equipment from the U.S.

The two economies agreed to discuss reducing non-tariff barriers, including those that relate to auto safety standards and agricultural trade.

The U.S.-South Korea trade deal

On July 30, President Trump announced a trade agreement with South Korea that would subject South Korean goods to a 15% tariff, which would not stack with existing automobile and parts duties. The deal includes a commitment from South Korea to buy $100 billion worth of liquified natural gas from the United States and to invest $350 billion in the United States. The deal was signed on Oct. 29.

The U.S.-Malaysia trade deal

The U.S. and Malaysia signed a trade agreement in late October under which Malaysia will reduce or eliminate tariffs on almost all U.S. products, while U.S. tariffs on goods from Malaysia will remain at 19%.

The agreement includes commitments to cooperate on rare-earth and critical minerals supply chains, including a pledge from Malaysia not to ban or impose quotas on exports to the U.S.

Malaysia also agreed not to impose discriminatory digital services taxes that would target U.S.

The two sides agreed to coordinate on export controls and investment screening.

Malaysia will also seek to accept U.S. automobile safety and emissions standards and undertake other regulatory streamlining to facilitate the import of U.S. products.

The U.S.-Cambodia trade deal

The U.S. and Cambodia signed a trade agreement on Oct. 26 through which Cambodia will eliminate tariffs on all U.S. products, while the U.S. will keep a 19% tariff on nearly all products from Cambodia.

Cambodia agreed to address its lack of recognition of U.S. motor vehicle safety and emissions standards and will work to align its regulatory requirements with those of the U.S. in areas such as medical devices, pharmaceuticals, and other relevant sectors. It also agreed not to impose a digital services tax that would target U.S. companies.

The two countries agreed to cooperate on enhancing supply chain resilience, addressing export controls and duty evasion, and combating unfair trade policies from third countries.

The U.S.-Thailand trade deal

On Oct. 26, the U.S. and Thailand reached an agreement for a framework for a trade agreement under which Thailand will eliminate tariffs on 99% of U.S. products while the U.S. will maintain a 19% tariff on imports from Thailand.

Thailand will work to accept U.S. motor vehicle safety and emission standards and align regulations in other areas, including medical devices, pharmaceuticals, ethanol, and agriculture to facilitate U.S. imports. Thailand has also committed to not implementing digital services taxes that would discriminate against U.S. companies.

The U.S. and Thailand pledged to cooperate on economic security, including supply chain resilience, export controls, investment screening, and duty evasion.

The U.S.-Switzerland trade deal

On Nov. 14, the U.S. and Switzerland announced a trade agreement that would cut U.S. tariffs on Swiss goods to 15%, from 39%. The agreement caps U.S. tariffs on Swiss semiconductors and pharmaceuticals at 15%.

Under the agreement, Switzerland will invest $200 billion into the U.S., including in the pharmaceutical and gold sectors. It has also agreed to purchase Boeing aircraft.

U.S. trade agreements with El Salvador, Argentina, Ecuador, and Guatemala

The U.S. reached trade deals with El Salvador, Argentina, Ecuador, and Guatemala on Nov. 13.

El Salvador will streamline regulatory approvals for U.S. exports and reduce restrictions on agricultural products. Argentina will offer preferential access for a wide range of goods and strengthen its intellectual property regime. Guatemala will support digital trade, protect labor rights, and combat the importation of goods made with forced labor. Ecuador will enhance environmental protections, improve forest governance, and cut tariffs on numerous agricultural and consumer goods.

The U.S.-Argentina trade deal

On Feb. 5, 2026, the U.S. and Argentina announced a trade framework agreement that includes: providing U.S. goods with improved market access, aligning regulations and standards in a variety of sectors, including automobiles, agriculture, and digital trade, deepening cooperation in critical minerals and economic security, and improving customs processes.

The U.S.-Bangladesh trade deal

The U.S. and Bangladesh reached a trade framework agreement on Feb. 9, 2026. The deal aims to provide preferential market access to U.S. goods by lowering tariffs, eliminating non-tariff barriers for goods and digital products and services, and improving alignment in the areas of intellectual property, labor protection, economic security, and other areas.

The U.S.-India trade deal

On Feb. 6, 2026, the U.S and India announced a trade framework agreement that includes: eliminating or reducing tariffs on all U.S. industrial and various agricultural products, securing an Indian commitment to purchase over $500 billion in U.S. energy and technology goods, and establishing robust bilateral digital trade rules. The agreement also lowered tariffs on Indian goods from 50% to 18%.

India has postponed additional immediate negotiations on the agreement, but is not backing away from the deal entirely, according to new reports.

The U.S.-North Macedonia trade deal

On Feb. 24, 2026, the U.S. and North Macedonia announced a trade framework agreement that includes: eliminating Macedonian customs duties on all U.S. industrial and agricultural goods, establishing a reciprocal tariff structure that includes zero percent rates for specific aligned products, and securing a commitment for North Macedonia to purchase U.S. liquefied natural gas (LNG) upon completion of a new interconnector. The agreement further deepens cooperation on addressing non-tariff barriers and digital trade.

The U.S.-Taiwan trade deal

On Feb. 24, 2026, the U.S. and Taiwan announced a trade agreement that includes: eliminating or reducing 99% of Taiwan’s tariffs on U.S. industrial and farm goods, removing long-standing barriers to American cars and medical products, and securing over $84 billion in planned Taiwanese purchases of U.S. energy, aircraft, and power equipment.

The deal also focuses on building up U.S. manufacturing through new industrial parks and semiconductor investments, and aligning intellectual property and labor standards.

The U.S. agreed to lower reciprocal tariffs on Taiwanese goods to 15%, with some key products becoming duty-free.

Sectoral tariffs, product-specific tariffs, and other tariffs

Steel and aluminum tariffs

A 25% tariff on steel and aluminum imports and derivatives was imposed on March 12 and will be doubled to 50% on June 4. There are no product exclusions, and agreements previously struck between the U.S. and major exporting countries for exemptions will be terminated.

Auto tariffs

On March 26, President Trump announced that a 25% tariff would be imposed on imports of automobiles and automobile parts starting on April 2, 2025. The auto tariffs will be added on top of existing duties. Tariffs on USMCA-compliant vehicles will apply only to non-U.S. content. Tariffs will not apply to USMCA-compliant auto parts until a process is determined to assess non-U.S. content.

On April 29, President Trump signed a pair of executive orders to lessen the impact of the automobile and parts tariffs. One order exempts imported automobiles and parts from the separate 25% tariffs on foreign steel and aluminum. The other order allows automakers that assemble vehicles in the U.S. which have 85% U.S. or USMCA-compliant content to apply to offset 3.75% of the auto parts tariffs for the next year and 2.5% in the year after, after which the offset will no longer be available.

Copper tariffs

Effective Aug. 1, a 50% tariff will be imposed on imports of semi-finished copper and copper-intensive derivative products.

Semiconductor tariffs

On Aug. 6, President Trump threatened to impose a 100% tariff on semiconductor imports except on those from companies that are moving production to the United States.

A Section 232 national security investigation into semiconductor imports was launched on April 1.

Pharmaceutical tariffs

On Sept. 25, President Trump threatened to impose a 100% tariff on imports of branded and patented pharmaceuticals starting on Oct. 1, with exemptions available for companies that manufacture drugs in the U.S. or have plans to do so. Tariffs were not put in place on Oct. 1, and a new imposition date has not been announced.

The European Union, specifically Ireland, is a major supplier of U.S. drug imports, and the U.S.-EU trade agreement signed in July caps U.S. pharmaceutical tariffs on EU exports at 15%.

Truck tariffs

On Sept. 25, President Trump announced a 25% tariff on imports of heavy-duty trucks beginning on Nov. 1. It is not clear whether those tariffs will apply to truck imports that are compliant with USMCA and face zero duty. Mexico and Canada are the primary suppliers of U.S. imports of heavy-duty trucks.

President Trump said the tariffs are meant to protect Peterbilt, Kenworth, Freightliner, Mack Trucks, “and others.”

Furniture tariffs

Kitchen cabinets, bathroom vanities, associated products, and upholstered furniture will be subject to a 25% tariff starting on Oct. 1. The tariffs for cabinets and vanities will increase to 50% on Jan. 1, and the tariffs on upholstered furniture will increase to 30%.

Vietnam, China, Canada, and Mexico are leading furniture exporters to the U.S.

Timber and lumber tariffs

Softwood lumber will be subject to a 10% tariff beginning on Oct. 14. Used primarily in homebuilding, construction, and furniture, the majority of U.S. softwood lumber imports come from Canada. The U.S. and Canada have a long-running dispute over softwood lumber, and Canadian imports are regularly subject to antidumping and countervailing duties.

iPhone and other smartphone tariffs

President Trump threatened on May 23 to impose a tariff of at least 25% on iPhones and other smartphones built outside of the United States. There was no implementation date attached to the threat.

President Trump had previously criticized Apple [NASDAQ:AAPL] for not building the iPhone in the U.S. despite the company’s commit to a $500 billion investment in the U.S., some of which will go towards expanding manufacturing and its relationships with U.S. suppliers.

The complex iPhone supply chain stretches throughout Asia, as do supply chains for most smartphones. Apple plans to move most U.S.-bound iPhone production from China to India by 2026 to reduce tariff and geopolitical risks. Moving iPhone production to the U.S. would take a massive effort.

Apple CEO Tim Cook had successfully lobbied President Trump in his first term for tariff carveouts and has continued to cultivate his personal relationship with the president.

About the Author

Jack Caporal is the Research Director for The Motley Fool and Motley Fool Money. Jack leads efforts to identify and analyze trends shaping investing and personal financial decisions across the United States. His research has appeared in thousands of media outlets including Harvard Business Review, The New York Times, Bloomberg, and CNBC, and has been cited in congressional testimony. He previously covered business and economic trends as a reporter and policy analyst in Washington, D.C. He serves as Chair of the Trade Policy Committee at the World Trade Center in Denver, Colorado. He holds a B.A. degree in International Relations with a concentration in International Economics from Michigan State University.

TMFJackCap

Jack Caporal has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing and Nvidia. The Motley Fool recommends Illumina. The Motley Fool has a disclosure policy.