Knowledge Tree
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Facts (22)
Sources
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org 6 facts
claimTariffs of 25 percent on goods imported from Canada and Mexico that are not subject to the United States-Mexico-Canada Agreement (USMCA) are scheduled to take effect in April 2025, alongside potential tariffs on automotive imports and goods from the European Union.
measurementThe most aggressive tariff package simulated by the Richmond Fed includes a 25 percent tariff on EU imports, 20 percent on Chinese imports, 25 percent on steel and aluminum, 25 percent on non-USMCA goods from Canada and Mexico, and 25 percent on auto imports.
measurementUnder the Richmond Fed's 'Scenario 3' tariff model, Mexico's Average Effective Tariff Rate (AETR) rises to 20.1 percent, Canada's AETR rises to 14.1 percent, and the European Union's AETR increases from 2.5 percent to 4.4 percent.
claimUnder Scenario 3, U.S. counties in the industrial Midwest, parts of the Great Lakes, and manufacturing-intensive areas of the South face average tariff rates exceeding 10 percent due to their integration in global automotive supply chains with partners like Canada, Mexico, and the European Union.
measurementUnder the Richmond Fed's 'Scenario 3' model, the transportation equipment sector faces average tariff rates above 25 percent, reflecting the heavy dependence of U.S. auto manufacturing on imported parts and finished vehicles from Canada, Mexico, and the EU.
claimNew tariff measures targeting Canada, Mexico, the European Union, and automobiles threaten to cause widespread disruptions across key U.S. industries.
Strategic Rivalry between United States and China swp-berlin.org 3 facts
claimDue to US-China trade tariffs, importers have shifted to alternative suppliers, benefiting countries such as Vietnam, Mexico, and the European Union.
claimThe United States and China imposed tit-for-tat tariffs, which reduced bilateral trade and increased import costs, leading importers to switch to alternative suppliers like Vietnam, Mexico, and the European Union.
claimImporters have shifted to alternative suppliers in Vietnam, Mexico, and the European Union due to US-China trade tariffs.
USTR initiates Section 301 investigations of 60 US trade partners ... jdsupra.com 2 facts
claimThe list of 60 economies subject to the Section 301 investigations includes entities that have already adopted or implemented prohibitions on imports made by forced labor and supply chain due diligence standards, such as the European Union, Canada, and Mexico.
claimOn March 10, 2026, the Office of the United States Trade Representative (USTR) announced the initiation of a Section 301 investigation targeting industrial excess capacity in 16 US trade partners: China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, South Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan, and India.
Fact Sheet: USTR Initiates 60 Section 301 Investigations Relating to ... ustr.gov 1 fact
claimThe Office of the United States Trade Representative (USTR) has initiated Section 301 investigations into 60 specific economies: Algeria, Angola, Argentina, Australia, The Bahamas, Bahrain, Bangladesh, Brazil, Cambodia, Canada, Chile, China (People’s Republic of), Colombia, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, European Union, Guatemala, Guyana, Honduras, Hong Kong (China), India, Indonesia, Iraq, Israel, Japan, Jordan, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Morocco, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Peru, Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sri Lanka, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Türkiye, United Arab Emirates, United Kingdom, Uruguay, Venezuela, and Vietnam.
Initiation of Section 301 Investigations of Acts, Policies, and ... federalregister.gov 1 fact
claimCanada, Mexico, and the European Union have adopted measures intended to stop the importation or sale of products produced using forced labor in response to engagement from the United States.
USTR Launches 60 Section 301 Investigations on Forced Labor Trade linkedin.com 1 fact
claimThe economies under investigation by the USTR include Algeria, Vietnam, China, the European Union, India, Mexico, Japan, and the United Kingdom.
USTR Initiates New Section 301 Trade Investigations Into 60 Partners steptoe.com 1 fact
claimThe Section 301 investigation regarding structural excess capacity and production covers 16 trading partners: Bangladesh, Cambodia, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Norway, Singapore, Switzerland, Taiwan, Thailand, and Vietnam.
USTR Initiates 60 Section 301 Investigations Relating to Failures to ... ustr.gov 1 fact
claimThe 60 US trade partners subject to the USTR Section 301 investigations regarding forced labor include Canada, Chile, China, Colombia, Costa Rica, Dominican Republic, Ecuador, Egypt, El Salvador, the European Union, Guatemala, Guyana, Honduras, Hong Kong, India, Indonesia, Iraq, Israel, Japan, Jordan, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Morocco, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Peru, the Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Sri Lanka, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Türkiye, the United Arab Emirates, the United Kingdom, Uruguay, Venezuela, and Vietnam.
World Trade Without the US | Cato Institute cato.org 1 fact
claimThe European Union has concluded new trade agreements with India, Switzerland, Mexico, and the MERCOSUR countries (Brazil, Argentina, Uruguay, and Paraguay).
Can the U.S. Move from Multilateral to Bilateral Trade Agreements? southernagtoday.org 1 fact
measurementThe European Union is the largest market for U.S. products, accounting for 17.51 percent of exports, followed by Canada (17.07 percent), Mexico (14.51 percent), and China (8 percent).
History of tariffs in the United States - Wikipedia en.wikipedia.org 1 fact
accountOn June 1, 2018, the Trump administration extended steel and aluminum tariffs to the European Union, Canada, and Mexico.
USTR Launches Broad Section 301 Investigations Into Excess ... dwt.com 1 fact
claimThe USTR initiated an investigation on March 11, 2026, to determine if structural excess capacity and production in manufacturing sectors in 16 customs jurisdictions, including China, the European Union, and Mexico, are unreasonable or discriminatory and burden or restrict U.S. commerce.
International Trade Agreements and U.S. Tariff Laws everycrsreport.com 1 fact
accountSeveral WTO members, including Canada, Mexico, the European Union, and the People's Republic of China, have agreed to an interim arbitration arrangement to hear appeals concerning their disputes or have treated some WTO panel decisions as binding while the Appellate Body remains nonfunctional.
Free Trade Protectionism: U.S. Tariffs Are Creating a New Trade ... itif.org 1 fact
claimMexico is leveraging its membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and a modernized European Union agreement to increase market access beyond North America.