The newly issued executive order imposes a 25% tariff on imports from any country purchasing Venezuelan oil, either directly or indirectly, as part of a broader strategy to pressure the Maduro regime and curb transnational crime. This policy, effective April 2, 2025, aims to reinforce existing sanctions while addressing national security concerns linked to Venezuela’s alleged support for illicit activities.
The U.S. has paused tariffs on Canadian and Mexican USMCA-compliant goods, allowing time for further trade negotiations. The suspension affects key industries, including automotive manufacturing, while steel and aluminum tariffs are set to go ahead March 12. Full details here.
We've provided detailed guidance on new tariffs effective March 4, 2025, covering imports from Canada, Mexico, and China. These include a 25% tariff on most goods, a 10% tariff on Canadian energy products, and an increase on Chinese imports from 10% to 20%. Steel and aluminum imports are subject to a 25% tariff, while Russian aluminum faces a 200% tariff. Limited exemptions apply under HTS provisions. Details here.
The U.S. imposed new tariffs on Canada, Mexico, and China starting March 4, 2025, with no exemptions. Canada responded with 25% tariffs on $30 billion in U.S. goods, with a possible second phase. These tariffs override USMCA benefits, and importers must reassess customs surety bonds to meet rising duty obligations.
Trump’s executive order imposing a 25% tariff on Canadian and Mexican imports and a 10% levy on Canadian energy goes into effect March 4th, 2025. In response, Canada will follow through with applying its $155 billion retaliatory tariff package, escalating trade tensions across North America and raising concerns over economic disruptions, particularly in the manufacturing, energy, and agricultural sectors.
The U.S. is taking a firm stance against unfair foreign regulations and digital taxes that disproportionately target American businesses, with the Trump administration threatening tariffs and other economic measures in response.
The U.S. Trade Representative is calling for public input to help identify and address non-reciprocal foreign trade policies—here’s how you can have your say before the March 11 deadline.
Trump’s executive order imposing a 25% tariff on Canadian imports and a 10% levy on energy was delayed until March 4 after Canada agreed to new border security measures. At a White House press conference with French President Emmanuel Macron on February 24, 2025, Trump confirmed, “The tariffs are moving forward as planned, on schedule.”
On February 13, 2025, President Donald J. Trump initiated a comprehensive trade investigation to assess and counteract non-reciprocal trade practices, aiming to establish fair and balanced tariffs on foreign imports.
The U.S. has reinstated and expanded tariffs on steel and aluminum imports, imposing a 25% duty on all shipments effective March 12, 2025. This move removes previous exemptions for key trading partners like Canada, Mexico, and the EU, prompting industry-wide concerns over rising costs, supply chain disruptions, and potential trade retaliation.
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