Countries continue to announce retaliatory tariffs and trade restrictions in response to recent U.S. tariff increases. Below is a summary of the recent actions:

Starting March 10, China imposed additional tariffs of 10% to 15% on various U.S. agricultural products, including chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products. A full list of goods can be found here.

Goods in transit and imported by April 12 will be exempt. China has also tightened trade restrictions by suspending imports of U.S. lumber and restricting 10 more U.S. firms from engaging in trade, adding key companies to its export control list.

Canada announced additional 25% tariffs on March 12 covering steel and aluminum, as well as other U.S. goods including computers, sports equipment and cast iron products. These tariffs went into effect on March 13th at 12:01am.

On Wednesday, the European Union announced retaliatory tariffs on U.S. exports starting April 1 affecting steel, aluminum, textiles, home appliances, agricultural goods, and more. The European Commission’s press release can be read here.

As the logistics industry continues to face uncertainty around tariffs announced by the new U.S. administration, several key deadlines are approaching.

• March 24 U.S. Trade Representative hearing on proposed port call fees
• April 1 deadline for agency reports related to the president’s America First Trade Policy memo
• April 2 deadline for potential 25% tariffs on USMCA goods

These decisions will shape the landscape of international trade in the coming months. We recommend reviewing your import and export strategies and staying informed about these changes to mitigate potential impacts on your operations. Reach out to M-PACT for assistance with navigating retaliatory tariffs.