Feb 3, 2025 – The U.S. government has issued new rules for additional duties (taxes) on imports from China and Canada, starting February 4, 2025. These rules are detailed in CSMS #63988468 for China and CSMS # 63988467 for Canada.
25% tariffs apply to most goods from Canada and imports of energy resources like oil, gas, and coal will have an additional 10% duty. 10% tariffs apply to all goods from China, regardless of their value. Imports from Canada and China are no longer eligible for the “de minimis” exemption, which allowed small shipments to enter duty-free.
Goods already in transit before February 1, 2025, and entering the U.S. by March 7, 2025, are exempt from this 10% tariff.
As noted earlier today, following a conversation between US President Donald Trump and Mexico President Claudia Sheinbaum, an agreement has been made to pause the proposed 25% tariffs on goods imported to the US from Mexico. This one-month delay comes following the agreement from Mexico to provide 10,000 Mexican soldiers at the border to address concerns about the flow of fentanyl and illegal migrants into the US. During the one-month pause on tariffs that were to be implemented on February 4, discussions will continue between the US and Mexico.
We recommend reviewing your supply chains and considering potential impacts on your operations. Our team is here to support you during this transition. Please do not hesitate to reach out with any questions or for assistance in understanding how these tariffs may affect your business.