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What US Import Tariffs Are Taking Effect? US Presidential Executive Orders
US Presidential Executive Orders Institutes New Import Tariffs. What’s Taking Effect?
The Background
- On February 1st, 2025, US President Trump signed Executive Orders mandating new tariffs for imports into the US from China, Canada and Mexico originally taking effect effective 12:01AM ET February 4th, 2025.
- The Canadian (25% tariff on most products and 10% on energy products) and Mexican (25% tariff) orders have since been suspended for at least 30 days pending further bilateral consultations.
- The Chinese order remains in effect. Chinese origin products are assessed an additional 10% tariff adding to existing Section 301 and general tariffs already in place.
- Both Canada and China have announced specific retaliatory measures as result of these orders. Canada announced a reciprocal 25% tariff (‘surtax’) on specific US products. Canada’s retaliatory measures have also been suspended for a minimum of 30 days. China’s retaliatory measures will be effective as of February 10th, 2025.
A fact sheet was published outlining the administration’s position.
Related Information Within These Three Orders Includes:
- Cargo loaded or in transit directly to the US prior to February 1st, 2025, may be excluded from these new tariffs with appropriate certification provided by the importer.
- Products subject to these tariffs may be admitted to US Foreign Trade Zones under “privileged foreign status” only.
- Duties paid under these orders are excluded from future duty drawback claims.
- Products subject to these tariffs may not enter the US utilizing the duty-free Section 321 ‘de minimis’ program regardless of value.
The three executive orders can be consulted here:
Official US Federal Register Notices will be published to provide additional details wherein it is expected the US Customs & Border Protection (CBP) will confirm applicable dates, certification requirements, scope of each executive order along with any exception to these orders by product classification code or other means.
Increases in duties may result in US or Canadian importer bonds becoming saturated and new bonds being required.
Delmar continues to closely monitor all developments around these orders including any retaliatory trade measures enacted by Canada, Mexico and China. Additional information will be shared as it becomes available.
For additional information and assistance, please contact your local Delmar Representative.