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February 27, 2025

Weekly Tariff Update: 25% Tariffs on Canadian & Mexican Imports to Start Tuesday

The new administration has confirmed that 25% tariffs on most Canadian & Mexican imports will take effect on March 4, following a one-month delay for both countries to address border security concerns. Details are outlined below and are subject to change.

How will this impact trade?

  • States with the highest trade exposure to Canada, Mexico & China include Montana (94%), New Mexico (77%), & Vermont (75%)
  • Top affected imports: oil, auto parts, electronics, & medical devices
  • Retaliatory tariffs could disrupt state economies reliant on exports to these countries

We Are Here to HelpOur Mallory Alexander team is here to help with tariff changes by coming up with customized tariff solutions and assessing cross-border strategies. Please contact your Mallory Alexander customer service representative or sales account executive with any questions.

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