Tariffs, taxes, and fees on goods coming into the U.S. continue to be perpetually changing. Reports released this week indicate that these policies will continue to evolve as we approach the end of March.
Here are the tariffs currently in effect as of the morning of March 26, 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 previously reported, a 25% tariff on raw materials like steel and aluminum, regardless of origin, went into effect March 12.
There is presently a 25% tariff on most goods that are imported from Mexico and Canada that are not compliant with USMCA guidelines.
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.
What will April bring?
At this point, it is unclear. Per the information available, we were expecting some new tariffs to go into effect in early April, but as of Tues, March 25, it appears that any new American tariffs, taxes, or fees on imports are still under discussion. This comes in the wake of reciprocal tariff announcements from global trading partners in early March, and escalating counter-reciprocal tariff pronouncements from the U.S. quickly thereafter, targeting cars, car parts and alcoholic products. There may be exemptions announced, as well, with the government’s stated position retreating from previous declarations, but it is not yet clear which countries or goods could be exempted. Many countries are actively in negotiations with U.S. officials leading into the end of March – and are likely to continue to negotiate into early April.
With this uncertainty and state of continual change - it can be difficult to navigate agilely – however our advice remains the same. The best advisors to talk to are the vendors and importers handling the transport of these goods into the U.S.. 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 and can help make plans accordingly.