News

U.S. President Donald Trump is pausing his tariffs regime for 90 days on 75 trading partners who did not retaliate in the hours after it went into effect.

At the same time, the president said he’s increasing the tariff rate on goods imported from China to 125%, effective immediately.

More information

U.S. President Donald Trump signed an Executive Order eliminating duty-free de minimis classifications for low-value imports from China, which is set to take effect on 2 May 2025 at 12:01 a.m. EDT.

More information

U.S. President Donald Trump signed an aggressive and wide-ranging “reciprocal tariff” policy, establishing a 10% baseline tariff for all imports into the United States. The plan imposes steep tariff rates on many notable countries:

• 34% on China
• 20% on the European Union
• 46% on Vietnam
• 32% on Taiwan

Latest updates

The Trump administration will impose a 25% tariff on imported passenger vehicles, light trucks, and key automobile parts (engines, transmissions, electrical components, etc.), with processes to expand these tariffs on additional parts if necessary.

• The tariffs on automobiles will be effective from 12:01 a.m. ET on April 3rd.
• The tariffs on automobile parts will be effective on the date specified in the Federal Register, but no later than May 3rd.

More information

Effective March 13, 2025, steel, aluminum and certain other goods imported into Canada and originating in the U.S. are subject to a surtax of 25%. 

Canada’s countermeasures do not apply to U.S. goods that are in transit to Canada on the day on which they come into force. Additional details on the administration of these tariffs are available on the Canada Border Services Agency (CBSA) website.

More information

Mexico and Canada will not be subject to 25% tariffs if the goods already qualify under the U.S.-Mexico-Canada Agreement (USMCA). 

U.S. President Donald Trump granted temporary tariff exemptions (until 2 April 2025) for Canadian and Mexican goods covered by USMCA, although Trump’s tariffs will still apply to about 50% of Mexican imports and >60% of Canadian goods.

Latest updates

U.S. President Donald Trump set March 4th as the start date for 25% tariffs on imports from Mexico and Canada, as well as an additional 10% tariff on Chinese goods.

Additionally, on March 2nd, Trump issued executive orders that postponed the removal of de minimis for Canada and Mexico.

More information