Trump Tariffs: A Closer Look at Sector-wise Impact

By Sheetal Kumari | March 3, 2025

MC Desk | April 3, 2025

Trump Tariffs: A Closer Look at Sector-wise Impact

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Certain goods are exempted, including copper, pharmaceuticals, semiconductors, lumber, gold, and energy.

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(Image: Canva)

Canada & Mexico are spared but still face previously imposed tariffs under USMCA.

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(Image: Canva)

Cuba, Belarus, North Korea and Russia are not affected as they already face strict US sanctions.

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(Image: Canva)

New 25% tariffs on imported autos begin April 5.

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(Image: Canva)

Existing 25% steel & aluminum tariffs expand to canned beer & empty aluminum cans from April 6.

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(Image: Canva)

 A 25% tariff on imports from countries buying Venezuelan oil

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(Image: Canva)

Duty-free exemption for small parcels from China ends on May 2.Items will face a 30% duty or $25 per item, increasing to $50 per item after June 1.

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Move targets retailers like Shein & Temu to curb rising imports under the “loophole.”

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