The President has amended the executive orders imposing 25% tariffs on all Mexican goods, 10% tariffs on Canadian energy and 25% tariffs on other Canadian imports so that any good that qualifies for USMCA preference will be able to avoid the tariff, the White House said.
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%.
White House spokeswoman Karoline Leavitt told reporters that the president asked her to tell reporters that after he spoke with Detroit's Big Three automakers: "We are going to give a one-month exemption on any autos coming through USMCA. Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month, so they are not at an economic disadvantage."
President Donald Trump published an executive order shortly before 5 p.m. increasing emergency fentanyl tariffs on China from 10% to 20% because China hasn't taken adequate steps to cooperate on reducing drug smuggling.
Tariffs on some of the new aluminum and steel derivatives listed in an annex to President Donald Trump’s proclamation expanding the Section 232 tariffs will take effect March 12, according to a pair of notices released by the Commerce Department.
CBP issued notices late March 3 on implementation of 25% tariffs on most goods from Canada and all goods from Mexico.
De minimis treatment will remain in effect for goods from Canada and Mexico if a 25% tariff on goods from those countries takes effect as scheduled March 4. Executive orders issued March 2 postpone the removal of de minimis for Canada and Mexico, ordered alongside the 25% tariff, until the commerce secretary notifies the President that “adequate systems are in place” to process and collect tariffs on formerly de minimis shipments.
The White House published the annex including the list of aluminum derivatives that will face additional 25% tariffs, unless the aluminum content in them was smelted and cast in the U.S.
The White House published its annex of steel derivative items that will be subject to Section 232 tariffs once CBP is ready to collect tariff revenue on those items.
Tariffs are set to take effect March 12 for steel and steel derivatives from Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the U.K., Ukraine and the EU, said the presidential proclamation released late Feb. 10 that increases Section 232 duties on steel, in part by ending Section 232 exemptions and quota agreements for those countries.