After the new tariff announcements that took place on Jan. 10, various post-announcement tariffs from the U.S. government have also been added in the weeks since then. On Jan. 12, US President Donald Trump announced that a new 25 percent tariff will be placed on all imports from other countries that wish to import goods to Iran. Economists speculate this will lead to conflicts with China, as they are Iran’s biggestm trading partner, by far.
Many minor tariffs have been held back for months or even years due to ongoing negotiations and to allow companies to create systems of processing. The most notable tariff action that will be held back until June of 2027 are the proposed tariffs on Chinese semiconductor imports.
On Jan. 17, Donald Trump announced a 10 percent tariff on eight European countries and stated that those tariffs will increase to 25 percent if a deal for the total purchase of Greenland is not secured. The eight countries affected include Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. The new tariffs on the E.U. and U.K. have been set under the International Emergency Economics Act, which allows the president to regulate international commerce and apply economic sanctions after deeming a situation a national emergency. The Supreme Court is still deciding on whether that law gives Trump the authority to implement his country-specific reciprocal tariffs.
An NBC News update about the new tariffs shared a statement from Sweden’s Prime Minister, Ulf Kristersson.
“We will not allow ourselves to be blackmailed. Only Denmark and Greenland decide on issues concerning Denmark and Greenland.”
The other countries affected by the new tariff have shared similar responses.