Advisory Board March 6, 2025
Tariffs on Canada, Mexico, and China take effect
Last month, Trump ordered tariffs of 25% on imports from Canada — excluding energy imports — and Mexico, and 10% tariffs on goods from China. According to Trump, the tariffs will remain in place until the three countries stop the flow of fentanyl and undocumented immigrants into the United States.
Although the tariffs were initially slated to take effect Feb. 4, the United States agreed to a 30-day pause to continue negotiations with Canada and Mexico.
On Tuesday, the tariffs went into effect. Although the original tariffs on Canada and Mexico stayed the same at 25% (excluding cars, which received a one-month pause), the 10% tariff on Chinese imports was doubled to...
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