It's been a rollercoaster of a year for U.S. trade policy.
President Donald Trump launched a barrage of new tariffs in 2025, plunging the U.S. into trade wars with nearly every country in the world. Volley after volley of threats and steeper import taxes often arrived erratically — with Trump claiming that such levies needed to be immediately imposed to close trade imbalances and take back wealth that was ''stolen'' from the U.S.
But the president also turned to tariffs amid personal grudges, or in response to political critics. And the whiplash of on-again, off-again duties — and responding retaliation — fueled widespread uncertainty for businesses and consumers alike, all while households continue to face rising prices.
Here's a summary of how Trump's biggest trade actions unfolded over the last year, broken down by key months.
January-March
In his first few months back in office, Trump focuses his new tariffs on America's three biggest trading partners: Canada, Mexico and China. On-again, off-again levies and responding retaliation begin to bubble up.
Worldwide, the U.S. also heightens import taxes on steel and aluminum to 25% — expanding Trump's previously-imposed 2018 import taxes.
April