The US Government has announced the details of the reciprocal tariffs to be implemented on April 5th at 12:01 EST. Below are the key takeaways from the Executive Order: For Canadian and Mexican Origin Goods: The current preferential tariff treatment allowed under USMCA will continue for qualifying equipment. Canadian and Mexican goods will benefit from […]
U.S. Tariff Update Read More »
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: https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-tariffs-on-canada-and-mexico-to-minimize-disruption-to-the-automotive-industry/ For dealers, this
Adjusted Tariffs on U.S. and Mexico Read More »
On Tuesday, the Canadian government released its “Notice of Intent to Impose Countermeasures in Response to United States Tariffs on Canadian Goods”. It is a wide-ranging document that hits across all sectors. Unfortunately, the equipment industry (ag, construction, and OPE) has been swept up in the trade war. Nearly every category of equipment/product was listed in the
The news on tariffs has not improved significantly since our last alert, and this afternoon, more conflicting messages are emerging. After his first Cabinet meeting, President Trump stated that tariffs would go into effect on April 2. Secretary of Commerce, Howard Lutnick, attempted to clarify, but it remains unclear whether March 4 is still in play
Help Us Strengthen Our Message On Tariffs Read More »
The speculation whether the Trump administration would impose tariffs is over. With an executive order declaring a national emergency related to fentanyl and immigration, President Trump used his authority under executive order to impose a general tariff of 25 percent on all imports from Canada, and a decreased tariff of 10 percent on certain energy
Canadian and U.S. Tariff Information Read More »
