Trump’s calendar: When tariffs, RTO, buyouts, and a TikTok cut-off are set to go into effect

Shortly after the November general election, Trump vowed to impose 25% tariffs on imported goods from Canada and Mexico, two of the United States’ leading trading partners.

Trump said both countries have allowed drugs and migrants to pour into the US, which ties squarely into the president’s hard-line stance on immigration issues.

Trump also floated a 10% across-the-board tariff on Chinese goods.

On February 1, the president followed through on his pledge, enacting the tariffs for all three countries.

As part of his executive orders, Canadian energy products would have a 10% tariff rate.

Trump, on February 3, agreed to a 30-day pause on his administration’s tariffs on Canadian and Mexican goods.

Then-Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum both said they’d enact security plans at their respective borders with the United States.

Sheinbaum said she’d send 10,000 of her country’s national guard troops to the border to stop the flow of fentanyl into the United States. Trudeau said that Canada would appoint a fentanyl czar and bolster intelligence-gathering efforts regarding the flow of illicit drugs, among other directives.

Beijing responded to Trump’s tariffs on China on February 4 by imposing a 10% tariff on crude oil, agricultural machinery, pickup trucks, and some large cars.

China is also targeting the United States by imposing an additional 15% tariff on coal and natural gas.

The Office of Personnel Management issued a letter on January 28 offering all federal employees payouts and giving them a February 6 deadline to accept the offer.

Federal employees who accepted the administration’s offer by the deadline “will retain all pay and benefits regardless of your daily workload and will be exempted from all applicable in-person work requirements until September 30 (or earlier if you choose to accelerate your resignation for any reason),” the letter on the OPM’s website read.

The buyout offer came as Trump has quickly sought to not only reduce the size of the federal workforce but also install loyalists in key positions within the government.

The Trump administration in February announced that roughly 77,000 federal workers accepted the offer.

On February 12, a federal judge in Massachusetts ruled that the administration could proceed with its buyout offer after three federal employee unions filed a lawsuit on behalf of their members to halt the buyout program.

The administration then promptly closed the window for any additional federal employees to accept the offer.

The first employment situation report under Trump’s second term was released on February 7. At the time, the Bureau of Labor Statistics reported that 143,000 jobs were created in January 2025.

In March 2025, the number of jobs created in January 2025 was revised to 125,000. However, total nonfarm payroll employment for December 2024 was revised up, with the figure increasing from 307,000 to 323,000.

Since Trump’s second term began on January 20, most of the report featured employment data from former President Joe Biden’s last month in office.

In January, the US unemployment rate sat at 4%, a slight decrease from the 4.1% unemployment rate recorded in December 2024.

The Trump administration set February 7 as the date for federal agencies to develop plans for adhering to the president’s return-to-work order for employees.

The implementation plans are expected to be vetted and approved by the Office of Personnel Management and the Office of Management and Budget.

The February 2025 jobs report, which includes Trump’s first full month in office, showed that 151,000 jobs were created.

That month, the unemployment rate also edged up slightly to 4.1%.

During the 2024 presidential race, Trump ran on promises to reduce inflation and lower food costs, as well as to make the broader economy more prosperous for a wide swath of Americans. Given the critical advantage that Trump enjoyed on the economy during the campaign, the next several months will be a major test for his administration.

It’s still early in Trump’s second term, but the president is already starting to see some erosion regarding economic policy. In a CNN/SSRS poll released in March, most US adults expressed disapproval of his handling of tariffs.

On Inauguration Day, Trump signed an executive order to end “illegal and immoral discrimination” Biden-era programs implemented to promote diversity, equity, and inclusion.

Trump and many of his Republican allies have rallied against DEI initiatives. Their pressure campaign has begun to spill over into corporate America, with top companies like Target rolling back some diversity-focused efforts.

Some agencies have already put employees on paid leave. Officials are also submitting lists of names to the White House, Government Executive reported.

By late March, Trump’s EO calls for each agency head to the maximum extent allowed by the law to carry out the terminations of covered positions and programs.

For months, Trump has threatened to impose an array of tariffs.

April 2 may be the day when the president unveils a comprehensive set of reciprocal tariffs for countries that impose tariffs on US goods.

Trump signed an executive order in January to pause the TikTok ban for 75 days, which would allow further efforts to find a US buyer for the highly popular social media platform.

The end of the 75-day period would be April 5.

Trump fulfilled another campaign promise on February 3 by taking the first step toward creating a US sovereign wealth fund.

His executive order gives the Treasury and Commerce secretaries 90 days to develop a plan for such a fund.

Billionaire investor Scott Bessent was confirmed to lead the Treasury Department in January. And Howard Lutnick, a billionaire businessman, was confirmed as Trump’s commerce secretary the following month.

Trump said such a fund could be used to buy TikTok.

There has been bipartisan agreement for a state-owned investment fund in the past. Biden’s advisors previously explored the idea.

Trump is pushing for Republicans to pass a massive reconciliation bill that would lower taxes, dramatically roll back green energy measures, and cut safety-net spending.

While cuts to Social Security or Medicare are very likely off limits in the plans, Democrats could find their political footing in critiquing whatever plan emerges from the GOP congressional leaders.

Republicans are divided in their approach to tackling Trump’s legislative priorities.

House GOP leaders want to pass one big reconciliation bill that would allow for $4.5 trillion in tax cuts and include roughly $300 billion in additional border and defense spending. However, Senate Republican leaders are aiming to pass a border security, military, and energy package first, with a second budget resolution focused on tax cuts to come later in 2025.

Tesla chief executive Elon Musk has grand plans for the Department of Government Efficiency, or DOGE, as it aims to cut at least $1 trillion in spending from the federal budget.

While DOGE has already made huge waves in Washington, the task force isn’t designed to be a permanent fixture of Washington.

When Musk and onetime co-lead Vivek Ramaswamy wrote about DOGE in a Wall Street Journal op-ed in November 2024, they said it would be phased out on July 4, 2026.

“There is no better birthday gift to our nation on its 250th anniversary than to deliver a federal government that would make our Founders proud,” the two men wrote at the time.