White House Releases EO on Mexico USMCA Exemption, Also Effective March 7
An exemption for USMCA-qualifying goods from 25% tariffs on goods from Mexico will also take effect March 7, alongside the USMCA exemption for Canada, according to an executive order signed today by President Donald Trump. Like the Canada order, it also lowers the tariff for potash that doesn’t qualify for the USMCA exemption to 10%.
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Both orders exempt “all goods entered free of duty as a good of Mexico under the terms of general note 11” of the tariff schedule, “including any treatment set forth in subchapter XXIII of chapter 98 and subchapter XXII of chapter 99.”