President Donald Trump made a lot of threats and trade promises . Many materialized into a barrage of new import taxes that 鈥� but others have yet to be fulfilled as 2025 comes to a close.
Some of Trump鈥檚 unrealized threats reflect a broader approach from a president with a track record of using sky-high levies to pressure other countries into new , or even . At the same time, they arrived as growing list of tariffs did go into effect 鈥� from Trump’s punishing new taxes , to tit-for-tat levies with top U.S. trading partners 鈥� plunging and businesses worldwide into uncertainty.
Here鈥檚 what Trump said when announcing some of his biggest (but still unrealized) tariff threats and promises this year, and where things stand today.
External Revenue Service
In his words:
What happened: The External Revenue Service has yet to be established as of the end of December. While administration officials continued to reiterate plans for launching the External Revenue Service during Trump’s first months back in office, the entity does not yet exist.
200% tariff on European wine, Champagne and spirits
In his words:
What happened: The EU’s planned levy on 鈥� which it unveiled as part of in response to Trump’s new steel and aluminum tariffs 鈥� was , with the latest delay running until at least February.
Trump’s 200% tariff threat on European alcohol never materialized. But spirits were not included in the struck over the summer, which set a on most European imports.
100% tariff on foreign-made films
In his words:
What happened: Despite Trump’s repeated threats, the U.S. has yet to impose a 100% tariff on foreign films. After his to initiate the process, the White House said had been made. Also still unclear is how the U.S. would .
Tariffs on pharmaceutical drugs
In his words:
What happened: The president an executive order imposing a 100% tariff on pharma products on Oct. 1 and, as of today, no levy has been put into place. But Trump previously suggested that could arrive further down the road, in August that he would start by charging a 鈥渟mall tariff鈥� and potentially raise the rate as high as 250%. Meanwhile, trade agreements with specific countries set their own rates or exemptions 鈥� with the U.K., for example, on all British medicine exported to the U.S. for three years. The administration also announced deals with promises of lower drug prices.
100% tariff on computer chips
In his words:
What happened: A sweeping 100% on computer chips has yet to go into effect. When announcing his back in August, Trump was not specific about the timing. And .
$2,000 tariff dividend
In his words:
What happened: Details about how, when and if a tariff dividend will reach Americans are still scarce. Budget experts have said that . And Treasury Secretary Scott Bessent suggested that it might not mean checks from the government. Instead, Bessent told ABC in November, the rebate might take the form of tax cuts. White House National Economic Council Director Kevin Hassett also CBS 草莓传媒 that it’s up to Congress.
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