Trump Says 25% Canada, Mexico Tariffs to Take Effect on March 4th

25 Percent Canada, Mexico Tariffs to Take effect on March 4th

U.S. President Donald Trump said on Monday that there was no chance for Mexico or Canada to prevent 25% tariffs from taking effect on Tuesday, sending financial markets reeling on the prospect of new economic barriers in North America. “They’re going to have to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they no tariffs,” Trump said at the White House. He said there was “no room left” for a deal that would avert the tariffs by curbing fentanyl flows into the United States. Tariffs due to take effect at 12:01 a.m. Tuesday.

Imports from Canada

9903.01.10 All imports that are products of Canada unless excluded, will be 25%
9903.01.13 Imports of energy or energy resources of Canada, will be 10%

Imports from Mexico

9903.01.01 All imports of articles that are products of Mexico unless excluded, will be 25%
These tariffs are in addition to all other applicable duties (including antidumping and countervailing duties, taxes, fees, exactions and charges). Products eligible for the United States-Mexico-Canada Agreement, or eligible for exemptions or reductions under chapter 99 are subject to these tariff increases. Goods entered into a foreign trade zone must be entered under “privileged foreign status”. Drawback is not eligible for the additional duties.

Exceptions

Products of personal use included in accompanied baggage of persons arriving in the U.S.
9903.01.11 Articles of Canada that are donations such as food, clothing, and medicine
9903.01.12 Informational Articles of Canada
9903.01.02 Articles of Mexico that are donations such as food, clothing, and medicine
9903.01.03 Informational Articles of Mexico
Chapter 98 goods, except additional duty is applicable for repair, alterations or processing performed in Canada or Mexico
De minimis goods