April 2025

After on-and-off tariffs with our closest neighbors the Trump Administration has now instituted new tariffs on Canada, Mexico, and China, as well as about 180 other countries. The goal is to remediate “large and persistent” trade deficits and revitalize manufacturing and mineral extraction in the US, as expressed in an executive order on April 2. Tariffs vary and are still changing. The exact number varies as small tariffs have existed prior. In this article, we will focus on the tariffs with China.