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.
-
25% tariffs on most Canadian & Mexican goods starting Tuesday
-
Only 10% tariff on Canadian energy imports
-
-
Reciprocal tariffs on all trade partners set for April
-
Developing: European countries could face a 25% tariff
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 Help
Our 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.