US President Donald Trump plans to impose a 25% tariff on imports from Canada and Mexico starting this Saturday (February 1).
The tariffs aim to pressure Canada and Mexico to address issues such as undocumented immigration and fentanyl trafficking into the United States. In response, Canadian and Mexican leaders have indicated they will implement reciprocal measures.
It is recommended that businesses assess their supply chains to determine the impact of these tariffs and explore sourcing options available to mitigate increased costs.
We encourage our clients to stay informed about these developments and consider the potential implications for their operations. Strategic planning and adaptability are essential in navigating international trade challenges. If you have questions about your imports, please reach out to your account representative.