Get The Latest On Trump Administration Tariffs On Canada, China, Mexico
Increased tariffs on products coming from Canada and Mexico are set to go into effect Tuesday, March 4, and, as of publication time for Connecting the Dots they were still set to be implemented.
As a reminder, while the Metals Service Center Institute (MSCI) supports actions to address unfair trade practices by countries that continually circumvent international rules, as a trade association representing firms throughout North America, our organization and its leadership have continually argued shipments from Canada and Mexico should be exempt from these penalties. Please find our 2017 testimony articulating this position at this link.
Under the new policy, the United States will impose 10 percent tariffs on energy imported from Canada; 25 percent tariffs on all other imports from Canada and on all imports from Mexico; and an extra 10 percent duty on products from China. (That levy on Chinese goods comes on top of the general 10 percent duty the Trump administration put in place on February 4, 2025.)
The president originally announced these tariffs last month under International Emergency Economic Powers (IEPA) authority, but delayed them for one month for products from Canada and Mexico.
Canada reacted quickly. On Monday evening, March 3, the country’s government announced it will proceed with 25 percent tariffs on about C$30 billion worth of U.S. goods. Those measures also went into effect on March 4. A second round of tariffs at the same rate will be placed on C$125 billion in products, including steel and aluminum, in three weeks.
The Chinese government said it will impose an additional 15 percent tariff on U.S. chicken, wheat, corn, and cotton products, and an additional 10 percent tariff on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. These penalties will go into effect March 10.
The Mexican government said it would announce its countermeasures this Sunday, March 9.
The New York Times is providing regular updates on this matter at this link.
Additionally, next week — March 12, specifically — the Trump administration is expected to move forward with a 25 percent tariff on all steel and aluminum imports from all countries with which it trades, including Canada and Mexico.
As Connecting the Dots reported previously, together, Canada, China, and Mexico collectively account for $1.6 trillion in annual U.S. imports and exports. Crude oil is the top product the United States imports from Canada, accounting for 60 percent of U.S. oil imports. Canada and Mexico are the United States top trading partners for vehicles and car parts, accounting for nearly half of U.S. motor vehicle imports in 2023.