Geopolitical outlook | Trade & Commodities
Clyde & Co’s Tariff Tracker: March edition
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Latest updates on tariffs announced by jurisdictions around the world
Clyde & Co’s tariff tracker provides an overview of all trade restrictions imposed or announced by the US and against the US. The tracker will be updated by our offices across the globe as new measures are introduced.
These are testing times for international trade. Just two weeks after US President Donald Trump’s inauguration for his second term, the US announced plans for a slew of new tariffs intended to target the US’s three largest trading partners: Canada, Mexico and China. In response, Canada Mexico, and China have announced their own plans for retaliatory tariffs on US imports.
It seems that the stage is set for a global trade war.
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The latest versions of the tariff tracker are set out below. Our tracker will be supplemented with periodic updates on the tariff landscape to provide context for new measures that are announced.
Target Country | Affected Product (s): | Details(a) Tariff rate;(b) Entry into force;(c) Other relevant details. | Sources / Orders | ||
Canada | Sources unclear on the exact range of products, but the trade restriction appears to apply to all Canadian imports for ‘consumption’, other than: a) ‘Energy or energy resources’; b) Goods exempted under the US-Mexico-Canada Agreement (USMCA) (e.g. Automotive goods, potash); |
| Trump signs tariff exemptions for certain imports from Canada, Mexico Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month - The New York Times | ||
Canada | ‘Energy or energy resources’, defined as “crude oil, natural gas, lease condensates, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, the kinetic movement of flowing water, and critical minerals”. |
| 'Declaring a National Energy Emergency’ – Executive Order 14156, 20 January 2025 | ||
Mexico | Sources unclear on the exact range of products, but the trade restriction appears to apply to all Mexican imports for ‘consumption’, other than: a) Goods exempted under the US-Mexico-Canada Agreement (USMCA) (e.g. Automotive goods, potash). |
| ‘Imposing Duties to Address the Situation at Our Southern Border’ – Executive Order, 1 February 2025 Trump signs tariff exemptions for certain imports from Canada, Mexico Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month - The New York Times | ||
China | Applies to all Chinese goods. |
| ‘Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China’ – Executive Order, 1 February 2025 | ||
All countries | Steel and aluminium |
| No published order available. Trump’s Tariffs on Steel and Aluminum Take Effect - The New York Times Trump says no exemptions on US steel and aluminium tariffs | ||
All countries | Cars and auto parts |
| Trump announces 25% tariffs on car imports to US Trump presses ahead with car tariffs, ratcheting up trade war |
Issuing Country | Affected Product (s): | Details(a) Tariff rate;(b) Entry into force;(c) Other relevant details. | Sources / Orders | ||
Canada | "US beer, wine, bourbon, fruits & fruit juices, vegetables, perfumes, clothing and shoes, as well as household appliances, sporting goods and furniture" "Lumber and plastics will also face levies and non tariff measures are also being considered are related to critical minerals and procurement" [BBC News] |
| No published order available. Canada tariffs: Trudeau hits back against Trump with 25% levy Canada has imposed counter-tariffs on U.S. goods. What products are being targeted? | CBC News | ||
China |
|
| No published order available. | ||
| Sources confirm that China's tariffs will target US agricultural exports, with a 15% levy on chicken, wheat, corn and cotton, and 10 per cent on sorghum, fruits, vegetables and dairy products [CNA] |
| No published order available. China hits US agriculture, says it won't be bullied by fresh Trump tariffs - CNA |
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Sources as of 31 March 2025:
Trump signs tariff exemptions for certain imports from Canada, Mexico
Trump Suspends Mexico and Canada Tariffs on USMCA Goods for a Month - The New York Times
'Declaring a National Energy Emergency’ – Executive Order 14156, 20 January 2025