The new U.S. tariffs, taxes, and fees are ever-evolving. As we have previously posted, any added tariffs come on top of standard rates of duty, paid by the Importer of Record upon entry into the country, and based on the country of origin.
Here is the latest news as of the morning of March 19, 2025:
Imports from China are presently subject to a total tariff of 45% as of 12:01 AM March 4, 2025.
There have been reciprocal tariffs on U.S. goods since March 10, particularly focused around agricultural products. Goods in transit are exempt until April 12.
As we reported last week, a 25% tariff on raw materials like steel and aluminum, regardless of origin, went into effect March 12.
We expect to hear another large round of updates regarding tariffs from the White House and other U.S. government entities in the first week of April.
Countries around the world also plan to enact reciprocal tariffs in Early April, such as the EU, on U.S. goods following the 25% steel and aluminum tariffs. Counter-reciprocal tariffs were announced on European alcoholic products if U.S. alcoholic products are tariffed - more to come as these tariffs potentially go into effect in Early April.
It appears that the tariff percentage on Canadian and Mexican imports are still in flux – as both countries continue to negotiate with the U.S. .
Imports from Canada and Mexico that are compliant with the USMCA free trade treaty are presently not subject to tariff hikes until early April, however individual vendors and industries will need to assess if becoming compliant for the next few weeks is worth the monetary savings. Different industries, such as the auto industry, are already compliant with the USMCA but are concerned about the implications on "smaller specialty suppliers" that have previously caused disruptions during the COVID pandemic. Per statistics gathered by CNBC, "63% of motor vehicle parts imported from Mexico into the United States in 2024 were complaint with USMCA standards. That compares with 92.1% of motor vehicles. For Canada, 74.6% of motor vehicle parts and 96.9% of vehicles were imported tariff-free under USMCA in 2024."
There is presently a 25% tariff on most goods that are imported from Mexico and Canada that are not compliant with USMCA guidelines.
As we have stated previously, in this state of continuous change regarding taxes and fees, the best advisors to talk to are the vendors and importers handling the transport of these goods into the U.S. Many carrier companies are working diligently to adapt to the changing needs of importers and vendors across the U.S. as the process of importing goods into the U.S. grows in complexity. Importer companies and the vendors themselves are better able to advise on which components of the products - if any - may be subject to the new tariffs, taxes, and fees.