Tag: USMCA

President Trump signs proclamation imposing tariffs on imported steel and aluminum

Exception to Mexico and Canada Tariffs for USMCA goods, etc

Posted by Jason P. Wapiennik on

Earlier this week, President Trump imposed 25% tariffs on Canada and Mexico which we wrote about. The tariff situation has now changed, again. In our effort to keep our clients up to speed on changes (which are happening at light speed), we are posting what we know about the changes here, without substantial analysis, other than to say, exceptions have been made for USCMA goods and potash, with details in the official (draft) notices linked below for each country:

Mexico:

Implementation of Additional Duties on Products of Mexico Pursuant to the President’s Executive Order 14194, Imposing Duties to Address the Situation At Our Southern Border

 

Canada:

Implementation of Additional Duties on Products of Canada Pursuant to the President’s Executive Order 14193, Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border

Current only as of [lastupdate]

President Trump signs proclamation imposing tariffs on imported steel and aluminum

Trump imposes 25% on Canada and Mexico effective March 4

Posted by Jason P. Wapiennik on

Canada and Mexico, and America, wake up to new tariffs on March 4. The details are here for Canada (10% Energy, 25% all else):

Implementation of Additional Duties on Products of Canada Pursuant to the President’s Executive Order 14193, Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border

The details are here for Mexico (25% on everything):

Implementation of Additional Duties on Products of Mexico Pursuant to the President’s Executive Order 14194, Imposing Duties to Address the Situation At Our Southern Border

Stay Informed and Prepared:

The landscape of international trade is shifting rapidly with the impending Trump tariffs on China, Canada, and Mexico and on steel, aluminum, and copper, and so much more. Don’t be caught off guard.

Contact Great Lakes Customs for advice and assistance. If you have questions or need help navigating these changes, we’re here to support you.

USMCA; United States Mexico Canada Agreement

Posted by Jason P. Wapiennik on

The re-negotiation (and renaming) of NAFTA (North American Free Trade Agreement) is one step closer to completion, and will go forward to be finalized by the governments of the United States, Mexico, and Canada.

The newly renamed agreement is the United States-Mexico-Canada Agreement (USMC Agreement), and the full text of the agreement is now available. The United States Trade Representative’s office has posted a series of fact sheet with key points of the new agreement.

The White House issued its own fact sheet: President Donald J. Trump Secures A Modern, Rebalanced Trade Agreement with Canada and Mexico

President Trump held a news conference on the topic of the trade agreement. You can watch the conference by following this link on C-Span.