The terms of the U.S. trade deal with Taiwan that were first announced in January of this year have been formalized with the U.S. and Taiwan signing an Agreement on Reciprocal Trade. Under the Agreement, the IEEPA reciprocal tariff rate for Taiwan will be reduced from 20 percent to 15 percent inclusive of the most favored nation rate. Additionally, the Office of the U.S. Trade Representative has indicated that the U.S. will provide preferential treatment to Taiwan with respect to Section 232 tariffs on semiconductors, as well as in other Section 232 investigations. In return for the U.S. tariff reductions, Taiwan will eliminate or reduce 99 percent of tariff barriers on U.S. goods, including automobiles and auto parts, chemicals, seafood, machinery, health products, electrical products, metals, and minerals. Taiwan has also committed to removing non-tariff barriers on U.S. agricultural products, as well as on medical devices and pharmaceuticals.
Adding to the number of countries who have entered into some level of trade agreement with the U.S., the Office of the U.S. Trade Representative announced that the U.S. and North Macedonia have entered into a framework for negotiating an Agreement on Reciprocal Trade. Under this framework, North Macedonia will eliminate import duties on all U.S. industrial and agricultural products exported to North Macedonia. The U.S. will reduce the tariff on North Macedonian products down to 15 percent from a previous rate of 3 percent.
It is being reported that the Trump Administration is planning on scaling back some of the Section 232 tariffs on steel and aluminum products, including on derivative products, which were expanded over the last year. The Administration is reviewing the list of products affected by the Section 232 tariffs and plans to exempt some products, while halting the expansion of the coverage of the tariffs. In lieu of expanding the broad Section 232 tariffs on steel and aluminum, the Administration is considering launching new, targeted Section 232 investigations into specific products.
With the required negotiations on the USMCA scheduled for this summer, the three parties to the agreement are ramping up their posturing on the future of the USMCA. In a recent interview, White House trade counselor Peter Navarro said that the “ USMCA has some significant flaws in it, and it’s going to be reevaluated in July,” although he did not say that the U.S. would terminate the agreement. Aware of the U.S.’s sentiments around the USMCA, officials from Mexico and Canada, meeting in Mexico City, have announced a joint action plan intended to deepen their economic integration. The plan, which will be presented later in 2026, will focus on joint initiatives related to minerals, investment in ports, infrastructure and supply chain security.
Keeping track of all the tariffs that have been promulgated or proposed during the Trump Administration continues to be a head-spinning task. To help follow the proliferation of tariffs in the Trump Administration, I have put together the following list of each of the tariff measures that have been implemented, pending, or proposed since January 20, 2025.
Here is the developing landscape of U.S. tariffs as of February 19, 2026:
| U.S. Tariff Measure | Status | |
| Global | All goods imported from a country determined to be directly or indirectly purchasing, importing, or otherwise acquiring any goods or services from Iran, since February 7, 2026 – discretionary variable rate ad valorem duty may be imposed | Implemented: 2/6/2026
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| Global | All goods imported from a country determined to have sold/provided oil to Cuba since January 30, 2026 – discretionary variable rate ad valorem duty may be imposed | Implemented: 1/29/2026
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| Global | Semiconductors – 25% ad valorem duty on imports of specified semiconductors and derivative products | Implemented: 1/14/2026 |
| Global | Critical Minerals – trade negotiations directed regarding imports of processed critical minerals and derivative products | Implemented: 1/14/2026 |
| Nicaragua | Section 301: Acts, Policies, and Practices Related to Labor Rights, Human Rights and Fundamental Freedoms, and the Rule of Law January 1, 2026 - 0% ad valorem duty on all products of Nicaragua not under CAFTA-DR January 1, 2027 – 10% ad valorem duty on all products of Nicaragua not under CAFTA-DR January 1, 2028 – 15% ad valorem duty on all products of Nicaragua not under CAFTA-DR | Implemented: 12/12/2025 (effective 1/1/2026) |
Global [Canada & Mexico Exempt] | Reciprocal tariffs – 10% ad valorem duty Country specific duty rates of 15% to 50% ad valorem Certain goods excluded
| In Effect Pending Court Resolution Revised 11/20/2025 Implemented 4/2/2025 Executive Order Establishing Tariffs Executive Order Revising Tariffs CBP Bulletin on Excluded Electronics Executive Order Reducing China Tariff Rates Fed. Circuit Administrative Stay Fed. Circuit Order Granting Motion to Stay Executive Order Implementing US-UK Trade Deal Executive Order Extending Effective Date of Country-Specific Tariffs Executive Order Suspending Duty-Free de minimis Treatment Executive Order on Brazil Tariffs Executive Order Modifying Reciprocal Tariffs Executive Order on India Tariffs Executive Order Extending China Tariff Rates Executive Order Implementing US-Japan Trade Deal Executive Order Modifying Reciprocal Tariff Coverage Implementing Elements of EU Framework Agreement Executive Order Modifying Reciprocal Tariff Rates for China Executive Order Modifying Reciprocal Tariff Rates on Certain Agriculture |
| Global | Medium & Heavy Duty Trucks – 25% ad valorem duty on imports of medium-duty trucks, heavy-duty trucks, and medium- and heavy-duty truck parts
10% ad valorem duty on imports of buses and motor coaches | Implemented 10/17/2025 |
| China | Section 301: Cranes/Cargo Handling Equipment – 100% ad valorem duty on imports of STS cranes and other cargo handling equipment | Implemented 10/16/2025 (effective 11/9/2025) Suspended 11/10/2025 |
| Global | Lumber – 10% ad valorem duty on imports of softwood timber and lumber 25% ad valorem duty on imports of certain upholstered wooden products 25% ad valorem duty on imports of kitchen cabinets and vanities Reduced tariffs on subject imports from U.K., the E.U., and Japan
| Implemented 9/29/2025 Executive Order Initiating Sec. 232 Investigation DOC Request for Public Comments |
| Global | Copper – 50% ad valorem duty on imports of semi-finished copper products and intensive copper derivative products | Implemented: 7/30/2025 Executive Order Initiating Investigation |
| Global | Steel – 50% ad valorem duty on imports of steel articles and derivative products with no exemptions or exclusions
25% ad valorem duty on imports of steel articles and derivative products from the United Kingdom. Certain aerospace products from the United Kingdom exempt. | Revised 6/4/2025 Implemented: 3/12/2025 Proclamation on Sec. 232 Duties Executive Order Removing “Stacking” of Tariff Programs Proclamation Increasing Tariff Rate Executive Order Implementing US-UK Trade Deal Commerce Fed Reg Notice Adding Derivative Products |
| Global | Aluminum – 50% ad valorem duty on imports of aluminum articles and derivative products with no exemptions or exclusions
25% ad valorem duty on imports of aluminum articles and derivative products from the United Kingdom. Certain aerospace products from the United Kingdom exempt. | Revised 6/4/2025 Implemented: 3/12/2025 Proclamation on Sec. 232 Duties Executive Order Removing “Stacking” of Tariff Programs Proclamation Increasing Tariff Rate |
| China | Section 301: Chinese Vessels – Port Entry Fees on Chinese owned or built vessels, and foreign-built car carriers. | Implemented: 4/17/2025 Suspended 11/10/2025 USTR Notice of Action/Proposed Action, Request for Comments, and Notice of Public Hearing |
| Global | Automobiles – 25% ad valorem duty on imports of automobiles (with certain allowances for USMCA-qualifying autos) and certain automobile parts (with limited tariff offsets).
Import quota and reduced tariffs for automobiles and automobile parts from the United Kingdom. | Implemented 4/3/2025 (effective 5/3/2025 for automobile parts) Proclamation on Sec. 232 Duties Proclamation with HTS Amendments Proclamation Establishing Tariff Offsets on Parts |
| Global | All goods imported from any country that imports Venezuelan oil – discretionary 25% ad valorem duty may be imposed | Implemented 4/2/2025
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| Canada | 10% ad valorem duty on non-USMCA-qualifying energy and potash 25% ad valorem duty on all other non-USMCA-qualifying products of Canada | In Effect Pending Court Resolution Implemented: 3/4/2025; 4/2/2025 (updated) |
| Mexico | 25% ad valorem duty on all non-USMCA-qualifying products of Mexico | In Effect Pending Court Resolution Implemented: 3/4/2025; 4/2/2025 (updated) |
| China | 10% ad valorem duty on all products of China (reduced from original rate of 20%) | In Effect Pending Court Resolution Implemented: 3/4/2025 CBP Fed Reg Notice Fed. Circuit Administrative Stay |
| Global | Personal Protective and Medical Equipment – potential tariffs on imports of personal protective equipment, medical consumables, and medical equipment, including devices | Pending: Section 232 Investigation DOC Initiation and Request for Public Comments
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| Global | Robotics and Industrial Machinery – potential tariffs on imports of robotics and industrial machinery | Pending: Section 232 Investigation DOC Initiation and Request for Public Comments
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| Global | Wind Turbines – potential tariffs on imports of wind turbines and their parts and components | Pending: Section 232 Investigation |
| Brazil | Section 301: Brazil's Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation | Pending: Section 301 Investigation
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| Global | Unmanned Aircraft Systems – potential tariffs on imports of unmanned aircraft systems (UAS) and their parts and components | Pending: Section 232 Investigation |
| Global | Polysilicon – potential tariffs on imports of polysilicon and its derivatives | Pending: Section 232 Investigation |
| Global | Aircraft and Engines – potential tariffs on imports of commercial aircraft and jet engines, and aircraft/engine parts | Pending: Section 232 Investigation |
| Global | Pharmaceuticals– potential tariffs on imports of pharmaceuticals, pharmaceutical ingredients, and derivative products | Pending: Section 232 Investigation |
| Canada | Aircraft – potential 50% ad valorem duty on imports from Canada | Proposed: 1/29/2026, announced by President Trump on Truth Social |
Denmark Finland France Germany Netherlands Norway, Sweden U.K. | 10% ad valorem duty on imports from designated countries relating to Greenland, to be effective Feb. 1, 2026 with increase to 25% on June 1, 2026 | Proposed: 1/17/2026, announced by President Trump on Truth Social, walked back on 1/21/2026 |
| Global | 100% tariff on movies produced outside of the United States | Proposed: 5/4/2025 and 9/29/2025, announced by President Trump on Truth Social |
| Global | 100% ad valorem duty as “secondary tariffs” on countries that do business with Russia. | Proposed: 7/14/2025, announced by President Trump |
| Global | 200% ad valorem duty on imports of pharmaceuticals (currently subject to Sec. 232 investigation) | Proposed: 7/8/2025, announced by President Trump at cabinet meeting |
| E.U. | 25% ad valorem duty on all products of the E.U. | Proposed: 2/26/2025, superseded by Reciprocal Tariffs |
This list will be updated weekly as new tariffs are implemented and new targets for tariffs are identified by President Trump and the administration.
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