U.S. Imports

U.S. Tariffs on Canada:

• In Effect: March 4, 2025
• USMCA & Potash Exemptions: Effective March 7, 2025
• USMCA-Eligible Goods: Duty-free under USMCA are exempt from additional tariffs.
• Potash Tariff: Lowered to 10%.
• Tariff Rates: 10% on energy products (like crude oil, natural gas, uranium) and 25% on all other imports.

U.S. Tariffs on China:

• In Effect: February 4, 2025
• Rate Increase: 10% from Feb 4 to March 3; 20% starting March 4, 2025.
• Affected Goods: All products from China and Hong Kong.
• De Minimis: Temporarily reinstated until further notice.
• Exemptions: Articles that are products of China (including products of Hong Kong) that are described in headings 9903.01.21, 9903.01.22, or 9903.01.23. Heading 9903.01.22 describes informational materials, including but not limited to, publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and news wire feeds.

U.S. Tariffs on Mexico:

• In Effect: April 2, 2025
• USMCA & Potash Exemptions: Effective March 7, 2025
• USMCA-Eligible Goods: Exempt from additional tariffs.
• Potash Tariff: Lowered to 10%.
• Tariff Rates: 25% on all other Mexican imports.

U.S. Tariffs on Steel and Aluminum:

• Effective March 12: Steel tariffs remain 25%; aluminum tariffs increase from 10% to 25%.
• Additional Tariffs: 25% on new steel derivatives (HTS Chapter 73) and aluminum derivatives (HTS Chapter 76).
• Terminated Agreements: Section 232 tariff suspensions for Argentina, Australia, Brazil, Canada, the EU, Japan, Mexico, South Korea, Ukraine, and the UK end March 12.
• Exclusions: General approved exclusions end March 12; granted product exclusions remain valid until their expiration or volume limit is reached.
• Exclusion Requests: The process for requesting exclusions has been terminated.

Additional Details:

• No Drawback: recent U.S. Tariffs aren’t eligible for refund on exportation or destruction.
• FTZ Impact: Canadian and Mexican goods in U.S. FTZs must be classified as “privileged foreign status” and subject to duty rates at the time of admittance.

U.S. Exports

China Tariffs on United States:

• In Effect: February 12, 2025
• Rate Increase: 15% & 10%
• Affected Goods: 15% tariffs on U.S. chicken, wheat, corn and cotton and 10% tariffs on other agricultural products

Canada Tariffs on United States:

• In Effect: February 4, 2025
• Rate Increase: 25%
• Affected Goods: 100’s of US products, many being food, agricultural, and machinery.

EU Tariffs on United States:

• In Effect: April 1, 2025
• Rate Increase: Could affect up to $28 Billion in U.S. Exports, exact rates to be determined.
• Potential Affected Goods: bourbon whiskey, boats, motorcycles, cosmetics, clothes, wood, soyabeans, chicken, beef and other agricultural produce.

What Does This Mean for Your Shipments?

These new tariffs can significantly impact your shipping costs and supply chain operations. Here’s what you need to consider:

• Cost Increases: Expect higher costs on affected goods due to increased tariffs.
• Supply Chain Adjustments: You may need to reassess sourcing strategies and shipping routes to mitigate costs.
• Compliance Complexity: Staying up to date with changing regulations and exemption eligibility is crucial.