Today, President Trump announced adjustments to the 25% tariffs imposed earlier this week on imports from Canada and Mexico. In today’s announcement, tariffs have been eliminated for goods claiming and qualifying for USMCA preference until a further decision is made April 2, 20025. Here is the order from the White House:
For dealers, this means that most products imported from Canada and Mexico will temporarily not be subject to tariffs. However, White House officials have reported that nearly 62% of imports from Canada and 50% of Mexico imports do not comply with USMCA and would be subject to tariffs. We recommend ensuring with your manufacturer that their products can be imported duty free.
NAEDA remains on top of these fast-moving developments and encourages dealers to contact the association with any questions you have concerning this issue. We will continue to provide updates as they occur as we actively work with officials and stakeholders to rationalize new information as it becomes available.
