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Trump Made Lots of Tariff Threats in 2025. Here Are some that Never Materialized

Trump's tariffs caused U.S. economic contraction and 14.2% beef price rise, disrupting global shipping and forcing countries to choose sides in a new bipolar trade order.

  • On April 2, 2025, President Donald Trump announced steep tariffs and implemented broad duties on Aug. 1, shrinking the U.S. economy in the first quarter and raising consumer costs.
  • Trump, who has long favoured tariffs, framed them as a fix for unfair trade this year, and analysts say the 'Liberation Day' tariffs created a new reality for postwar trade norms.
  • Shipping lines adapted routes, but analysts warn dockworker layoffs may follow, while the Supreme Court is expected to rule soon in Learning Resources v. Trump, Elisabeth Braw said.
  • The administration promised a $2,000 tariff dividend, but Treasury Secretary Scott Bessent said rebates might be tax cuts and company deals offer ad-hoc, variable relief.
  • The tariff-driven rift positions countries into a more bipolar trade order as Ali Ahmadi warns Switzerland and other neutral middle powers face pressure to choose sides.
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Trump made lots of tariff threats in 2025. Here's some that never materialized

President Donald Trump made a lot of tariff threats and trade promises this year. And while many led to a barrage of new import taxes that overturned decades of economic policy and plunged the U.S. into trade wars abroad, others never materialized — or have yet to as 2025 comes to a close.

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Business Times broke the news in on Tuesday, December 30, 2025.
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