China announced a 34% tariff on all U.S. products, effective April 10, 2025. This retaliatory measure comes in response to the U.S. imposing a 34% tariff on Chinese exports. In addition to the tariffs, China has increased export controls on critical rare earth minerals, which are essential for industries like technology and aerospace.

As of yesterday, Canada’s Prime Minister Mark Carney announced that Canada will impose a similar 25% tariff on vehicles imported from the U.S. in response to the auto tariffs implemented.

The broad tariff measures announced by the U.S. administration this week require a reevaluation of how to manage costs, compliance, and visibility within supply chains. These tariffs are expected to significantly impact consumer goods, including toys, clothing, smartphones, and electronics. Additionally, the readiness of U.S. Customs and Border Protection to handle the influx of new tariffs could lead to challenges and delays at ports.

We recommend reviewing your sourcing strategies and exploring alternative routes where feasible. Reach out to your Mallory Alexander representative or our M-PACT team for further assistance.