The Liberation Day: Every Nation Gets Its Own Tariff
Since taking office, Donald Trump has fully embraced his 'tariff mania,' imposing higher taxes on certain countries and products, even going so far as to introduce reciprocal tariffs. This has led to a wide range of import duties on the U.S. market.
By Antoine Bouët, Houssein Guimbard
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Between January 20, 2025, the day of Donald Trump’s inauguration as President of the United States, and April 2, 2025 — “Liberation Day” — the new administration implemented a series of protectionist decisions. As a result, in just two and a half months, the average tariff protection on goods imported into the U.S. fundamentally changed.
This increase in protection varies from one partner to another, depending on the President's decisions, but also on the sectoral composition of each country’s exports. Thus, China is the most affected, with an increase of more than 50 percentage points, followed by Cambodia (+48.3 pp), while Australia sees its exports to the United States hit with only an additional 6.3 pp.
To find out more, see The Liberation Day : une première estimation des effets des "Reciprocal Tariffs" américains
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This increase in protection varies from one partner to another, depending on the President's decisions, but also on the sectoral composition of each country’s exports. Thus, China is the most affected, with an increase of more than 50 percentage points, followed by Cambodia (+48.3 pp), while Australia sees its exports to the United States hit with only an additional 6.3 pp.
To find out more, see The Liberation Day : une première estimation des effets des "Reciprocal Tariffs" américains
Protectionist measures taken since the inauguration:
Source: calculations based on CEPII’s MAcMap-HS6 database.
- revision of the USMCA free trade agreement (+25 percentage points on imports from Canada and Mexico, with exceptions);
- +20pp on all imports of goods from China;
- +25pp on all imports of steel and aluminum, regardless of origin;
- +25pp on imports of vehicles and auto parts from all sources;
- reciprocal tariffs imposed on April 2, 2025 — Liberation Day — in addition to existing duties (exceptions: automobiles, steel and aluminum, copper, pharmaceuticals, semiconductors, timber, gold, energy, minerals…).
Source: calculations based on CEPII’s MAcMap-HS6 database.
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