Market
Which countries will be affected by the new U.S. tariffs by end of 2025?
2
Resolution / Starting Odds
China • 25%
European Union • 25%
Mexico • 25%
Other • 25%
Official U.S. trade policy documents or announcements specifying affected countries
Story
Trump Announces 'External Revenue Service' on January 20 to Overhaul Trade System, Collect Massive Foreign Tariffs
Jan 20, 2025, 05:27 PM
On January 20, President Donald Trump, in his inaugural address, announced plans to establish an 'External Revenue Service' aimed at collecting tariffs and revenues from foreign sources. This new agency is part of Trump's strategy to overhaul the U.S. trade system to protect American workers and families. Trump stated that instead of taxing U.S. citizens to enrich other countries, the U.S. will impose tariffs and taxes on foreign nations to benefit its own citizens. He emphasized that this move would result in 'massive amounts of money' flowing into the U.S. treasury from foreign sources. Trump's proposal includes a broad tariff increase, though he did not specify rates, scope, or affected countries during his speech.
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China • 25%
Other • 25%
Mexico • 25%
European Union • 25%
Other • 25%
Mexico • 25%
European Union • 25%
China • 25%
European Union • 25%
Other • 25%
Mexico • 25%
China • 25%
Canada • 25%
Germany • 25%
China • 25%
Other • 25%
Canada • 25%
China • 25%
European Union • 25%
Other • 25%
China and Canada • 25%
China only • 25%
China, Mexico, and Canada • 25%
China and Mexico • 25%
Medical Supplies • 25%
Defense • 25%
Other • 25%
Energy • 25%
Japan • 25%
China • 25%
Germany • 25%
Mexico • 25%
Rare Earth Minerals Industry • 25%
Other • 25%
Medical Supplies Industry • 25%
Steel Industry • 25%
European Union • 25%
China • 25%
Mexico • 25%
Canada • 25%
Agriculture • 25%
Technology • 25%
Automotive • 25%
Manufacturing • 25%
India • 25%
United States • 25%
European Union • 25%
Other • 25%