NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / World

Donald Trump tariffs: What’s been done and what is to come?

AFP
12 Mar, 2025 06:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

US President Donald Trump speaks at the Business Roundtable quarterly meeting in Washington, DC, on March 11, 2025. Photo / Mandel NGAN / AFP

US President Donald Trump speaks at the Business Roundtable quarterly meeting in Washington, DC, on March 11, 2025. Photo / Mandel NGAN / AFP

  • Donald Trump imposed 25% tariffs on all steel and aluminium imports to protect the US industry.
  • The European Union and Canada announced retaliatory tariffs on US products, targeting billions in trade.
  • China and the EU vowed countermeasures, with China imposing tariffs on US agricultural and energy goods.

US President Donald Trump has broadened his tariffs campaign to hit all steel and aluminium imports with 25% duties.

Here is what happened this week and what’s looming in the coming weeks:

Steel and aluminium

The 25% tariffs on steel and aluminium came into force on Wednesday, hitting every country that exports the metals.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The aim is to protect the declining US steel industry as it faces growing competition, especially from Asia.

The United States imports around half the steel and aluminium used in the country to make items ranging from cars and planes to soda cans.

Canada is the leading supplier of steel to the United States, followed by Brazil.

The European Union swiftly unveiled retaliation starting in April, targeting $28 billion worth of US products, including boats, bourbon and motorbikes.

Canada announced Wednesday additional tariffs on Can$29.8 billion ($20.7 billion) of imports from the United States, including steel and aluminium products with goods as varied as computers and sports equipment.

Advertisement
Advertise with NZME.

But incoming Prime Minister Mark Carney said he was ready to negotiate directly with Trump a renewed trade accord to avoid further economic tussling.

Trump had earlier threatened to impose steeper tariffs of 50% on Canada after Ontario province imposed a 25% surcharge on electricity exports to three US states, but both sides later backed down.

Top steel producer China also vowed to hit back, though its exports to the United States are small in comparison.

Brazil, Britain, and Mexico all held off adopting counter-measures.

North American standoff

Trump unveiled 25% tariffs on Canadian and Mexican goods on February 1, with a lower rate of 10% for Canadian oil.

But hours before they were due to take effect on February 4, Trump agreed to delay the move for a month.

Fast-forward to March 4: the tariffs come into force, hitting imports from Mexico such as avocado or tomatoes and Canadian goods such as lumber.

Three days later, Trump gave the two countries another one-month delay, this time on products covered under the United States-Mexico-Canada Agreement (USMCA) – a pact the US leader signed into law during his first term in office in 2020.

In response to the pause, Canada delayed its own second wave of retaliatory tariffs on Can$125 billion ($87 billion) worth of US products until April 2.

Trump has justified the tariffs on the United States' neighbours and vital trade partners, along with China, as a response to illegal immigration and the deadly drug fentanyl coming into his country.

Advertisement
Advertise with NZME.

China

Trump has not given China such breaks. It is the country with which the United States has the biggest trade deficit, at more than $295 billion last year.

Ten per cent tariffs on goods from the country considered the world’s factory came into effect on February 4, and they were increased to 20% on March 4.

Beijing retaliated, imposing 10% and 15% levies on a range of agricultural imports from the United States since Monday, from soybeans and corn to chicken and beef.

China has also applied duties of 15% on US coal and liquefied natural gas, and 10% on oil and other goods.

China has also pushed back on its alleged role in the deadly fentanyl supply chain, saying Beijing has cooperated with Washington and arguing that tariffs would not solve the drug problem.

Next target: EU

Advertisement
Advertise with NZME.

Trump has said that products from the 27-nation European Union would be hit with a tariff of 25%, claiming that the bloc has “taken advantage of us”.

The EU, which has a $50 billion trade surplus with the United States, has vowed to retaliate with proportionate countermeasures.

Trump said on Wednesday: “We’re going to win that financial battle.”

Next big date: April 2

Trump has also signed plans for sweeping “reciprocal tariffs” that could hit both allies and adversaries by April 2.

The levies would be tailored to each US trading partner and take into account the tariffs they impose on American goods, alongside taxes the White House has said are discriminatory, such as value-added taxes.

It is also the day that the delayed tariffs from Mexico and Canada are supposed to come into force.

Advertisement
Advertise with NZME.

Trump has said tariffs on automobiles, semiconductors and pharmaceuticals could come as early as April 2, with a rate of around 25%.

For computer chips and pharmaceuticals, he said they could “go very substantially higher over [the] course of a year”.

- Agence France-Presse

Save

    Share this article

Latest from World

Premium
World

A takeoff, a mayday call, and two pilots who never made it home

16 Jun 01:16 AM
World

World faces new nuclear arms race, researchers warn

16 Jun 12:30 AM
Premium
World

Opinion: Millions of Americans like Trump better in theory than in practice

15 Jun 11:48 PM

The woman behind NZ’s first PAK’nSAVE

sponsored
Advertisement
Advertise with NZME.

Latest from World

Premium
A takeoff, a mayday call, and two pilots who never made it home

A takeoff, a mayday call, and two pilots who never made it home

16 Jun 01:16 AM

New York Times: One Air India pilot had been considering early retirement.

World faces new nuclear arms race, researchers warn

World faces new nuclear arms race, researchers warn

16 Jun 12:30 AM
Premium
Opinion: Millions of Americans like Trump better in theory than in practice

Opinion: Millions of Americans like Trump better in theory than in practice

15 Jun 11:48 PM
Trump suggests Iran, Israel need 'to fight it out', MFAT advises Kiwis to leave region
live

Trump suggests Iran, Israel need 'to fight it out', MFAT advises Kiwis to leave region

15 Jun 11:27 PM
How one volunteer makes people feel seen
sponsored

How one volunteer makes people feel seen

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP