The story so far

1. 15 July 2024Promised

   “STOP OUTSOURCING, AND TURN THE UNITED STATES INTO A MANUFACTURING SUPERPOWER”

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2. 10 February 2025In plan

   Proclamation 10896 sets a 25% tariff on steel imports from all countries and ends country exemptions

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3. 2 April 2025In plan

   Executive Order 14257 adds a 10% tariff on imports from all trading partners from 5 April 2025, with higher rates for listed countries, citing "the hollowing out of our manufacturing base"

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4. 3 June 2025In plan

   Proclamation 10947 raises the tariffs on steel and aluminum imports from 25% to 50%, from 4 June 2025

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5. 4 July 2025Legislated

   Public Law 119-21 lets factories whose construction begins after 19 January 2025 and before 1 January 2029, and that are in service before 2031, be written off in full in their first year (section 70307)

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6. 20 February 2026In plan

   After the Supreme Court holds that the International Emergency Economic Powers Act does not authorize tariffs, Executive Order 14389 ends the tariffs set under that Act, and Proclamation 11012 imposes a 10% import surcharge under section 122 of the Trade Act of 1974 for 150 days from 24 February 2026

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7. 23 July 2026In plan

   A presidential memorandum imposes section 301 tariffs of 10% or 12.5% on goods from economies that the Trade Representative found do not enforce bans on imports made with forced labor

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