Additional 25% Tariffs on Canada and Mexico Suspended March 6
On March 6, 2025, President Trump announced a suspension of most of the additional 25% tariffs imposed on March 4, 2025, on Mexico and Canada.
Under the new tariff structure the additional 25% tariffs will apply only to goods that do not qualify as originating goods under the U.S. Mexico Canada Agreement (USMCA).
The duties are now:
- 25% tariffs on goods that do not satisfy U.S.-Mexico-Canada Agreement (USMCA) rules of origin.
- A lower 10% tariff on those energy products imported from Canada that fall outside the USMCA preference.
- A lower 10% tariff on any potash imported from Canada and Mexico that falls outside the USMCA preference.
- No tariffs on those goods from Canada and Mexico that claim and qualify for USMCA preference.