Important Update: New U.S. Import Tariffs Effective February 4, 2025

Over the weekend, U.S. President Donald Trump signed into action increased duties on products of Canadian, Mexican, and Chinese origin. However, negotiations are ongoing, and new developments continue to shape the import landscape.

Current Updates:

• Canada:

  • As of 12:01 AM EST on February 4, 2025, all products of Canadian origin entering the U.S. will be subject to a 25% duty, except for energy products, which will face a 10% duty.

  • No de minimis treatment (e-commerce exemption) or drawback will be available.

  • President Trump is scheduled to speak with Canadian Prime Minister Justin Trudeau later today regarding the situation.

• Mexico:

  • The previously announced 25% tariff on Mexican imports has been paused for one month as negotiations continue.

  • Originally, all goods of Mexican origin were set to incur an additional 25% duty starting February 4, 2025, with no de minimis treatment or drawback available.

  • Goods that were laden on a vessel or departed their final port before 12:01 AM EST on February 1, 2025, would not have been affected.

• China:

  • As of 12:01 AM EST on February 4, 2025, all goods of Chinese origin will be subject to an additional 10% duty, in addition to any existing duties (including Section 301 tariffs).

  • There will be no de minimis treatment or drawback available for affected goods.

  • Currently, 429 tariffs remain subject to Section 301 tariff exclusions, but it is unclear whether previously excluded HTS codes will be exempt from these new duties.

  • Goods laden on a vessel or departed their final port before 12:01 AM EST on February 1, 2025, will not be affected by this new tariff.

Staying Informed

JMC Global will continue to monitor the situation closely and provide updates as new developments arise. 

If you have any questions or concerns, please reach out to your JMC Global representative.

Thank you,
JMC Global