On March 12, 2025, President Donald Trump’s administration implemented a 25% tariff on all imported steel and aluminum, marking a significant shift in U.S. trade policy. This move aims to bolster domestic metal industries but has sparked widespread debate and concerns about potential economic repercussions. The decision to impose these tariffs was announced on February 10, 2025, with the intent to reduce reliance on foreign … Read More
White House Suspends Tariffs on Canadian and Mexican USMCA Goods—AGAIN!
In an important development impacting trade relations within North America, the White House announced today that effective 12:01 a.m. EST on March 7, 2025, the recently imposed International Emergency Economic Powers Act (IEEPA)-based tariffs on goods from Canada and Mexico will be temporarily suspended for all products compliant with USMCA origin requirements. This temporary suspension will remain in effect until April 2, 2025, the date … Read More
Trump Halts Tariffs on Mexican Imports – But for How Long?
The trade landscape took another sharp turn this week as President Donald Trump announced a temporary pause on tariffs for Mexican goods covered under the United States-Mexico-Canada Agreement (USMCA). This decision, which grants a reprieve until April 2, comes amid heightened economic uncertainty, market fluctuations, and growing concerns from businesses about rising costs. A Strategic Pause Amid Trade Tensions After discussions with Mexican President Claudia … Read More
Canada Hits Back with $155B in Tariffs on U.S. Goods
“The moment U.S. tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days’ time”, was a LinkedIn post from Canadian Prime Minister, Justin Trudeau. This decisive move by Prime Minister Trudeau marks a significant escalation in … Read More
New Guidance on Additional Tariffs for Canadian Imports
As of March 4, 2025, new additional duties on imports from Canada are officially in effect. These tariffs, imposed under Executive Order 14193, are part of the U.S. government’s efforts to combat the flow of illicit drugs across the northern border and strengthen national security. If your business imports goods from Canada, it’s crucial to understand the changes and ensure compliance with U.S. Customs and … Read More
CBP’s Update on Increased Tariffs for Imports from China and Hong Kong
The U.S. government has escalated its trade measures against China and Hong Kong, doubling additional duties on imports from these regions. As of March 4, 2025, new tariffs of 20% apply to most imports, reflecting the latest action under the Executive Order on the Synthetic Opioid Supply Chain signed on March 3, 2025. U.S. Customs and Border Protection (CBP) has provided updated guidance for businesses … Read More
Zero Hour: Trump’s Tariffs on Canada, Mexico, and China Take Effect
The wait is over. After weeks of speculation and debate, President Donald J. Trump has officially imposed tariffs on imports from Canada, Mexico, and China. These sweeping measures, effective today, mark a bold move in the administration’s effort to tackle drug trafficking, illegal immigration, and trade imbalances. While the world watched, markets braced for impact, businesses scrambled to adjust, and global leaders weighed their responses. … Read More
Tariffs, Inflation, and Investment: The Unfolding Economic Impact
The recent imposition of tariffs by President Donald Trump has ignited significant debate among economists and industry experts about their potential consequences for the U.S. economy. While the administration asserts that these measures aim to protect domestic industries and reduce trade deficits, critics warn of possible adverse effects, including increased consumer prices, investment deterrence, and economic stagnation. One of the immediate concerns surrounding tariffs is … Read More
Trump Announces 25% Tariffs on Steel and Aluminum Imports
In a move set to shake global markets and intensify ongoing trade disputes, U.S. President Donald Trump announced plans to introduce new 25% tariffs on all steel and aluminum imports. This decision, revealed to reporters aboard Air Force One en route to the Super Bowl in New Orleans, marks a significant escalation of Trump’s aggressive trade policy. Key Highlights of the Announcement: New 25% Tariffs: … Read More
Trade War Update: China’s New Tariffs on U.S. Goods
The commercial trade war between the U.S. and China continues to escalate as both nations levy tariffs on each other’s goods. China recently announced it would impose additional tariffs on U.S. imports starting on February 10th in retaliation for the Trump administration’s earlier tariff actions. This move has significant implications for global trade, particularly in industries like energy, agriculture, and automobiles. At the same time, … Read More