Commerce Secretary Howard Lutnick said the tariffs that the president threatened over Canadian trade policies for dairy and lumber won't come this week, as the president had said two days earlier.
Canadians and New Englanders, brought together by the New England-Canada Business Council, expressed bewilderment at the trade war directed at Canada, but said that President Donald Trump's actions will not be easily overcome as the two countries start to talk about how to change the NAFTA successor agreement in its sunset review.
President Donald Trump said on social media he is "strongly considering large-scale" sanctions and tariffs on Russia "until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED."
CBP created Harmonized System Update 2509 on March 7, containing 651 Automated Broker Interface (ABI) records and 217 Harmonized Tariff Schedule records. HSU 2509 includes the recent Canada and Mexico tariff updates.
CBP has provided guidance on tariff updates related to executive orders that set an exemption for goods from Canada and Mexico that qualify for USMCA..
President Donald Trump told reporters that a 250% tariff on dairy products imported into Canada makes it impossible to sell U.S. dairy there, and that "a tremendously high tariff" on lumber in Canada also makes it impossible to export that product to Canada. He called U.S. exports to Canada in those two categories "almost nonexistent." He said he is going to set U.S. tariffs at the same levels.
The implementation of -- and seemingly abrupt reprieve from -- 10% to 25% duties on goods imported from Canada and Mexico is causing whiplash among customs brokers.
Given that more than half of imports from Canada and Mexico don't claim USMCA preferences, trade lawyers and customs experts are expecting a sharp and rapid increase in entries that claim the preference.
Rep. Gregory Meeks of New York, the top Democrat on the Foreign Affairs Committee, Rep. Richard Neal of Massachusetts, the top Democrat on the Ways and Means Committee, and four other Democratic members in the House introduced resolutions March 6 that, if successful, would end the emergencies that President Donald Trump is relying on to hike tariffs on Canadian and Mexican goods.
CBP issued the following releases on commercial trade and related matters: