President Donald J. Trump has made adjustments to tariffs imposed on imports from Canada and Mexico to minimize disruption to the automotive industry. The new tariffs will:
– Reduce 25% tariffs on goods that don’t meet USMCA rules of origin.
– Lower 10% tariff rates for energy products imported from Canada and potash imported from Canada and Mexico.
– Eliminate tariffs on goods that qualify for USMCA preference.
The move aims to support American jobs in the automotive industry while ensuring border security and economic stability. The adjustments come after President Trump issued tariffs on Canada and Mexico in March under the International Emergency Economic Powers Act (IEEPA) to curb illegal border crossings and drugs entering the country.
Source: https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-tariffs-on-canada-and-mexico-to-minimize-disruption-to-the-automotive-industry