USING LEVERAGE TO PROTECT AMERICANS: Today, President Donald J. Trump announced adjustments to tariffs imposed on imports from Canada and Mexico in recognition of the structure of the automotive supply chain that strives to bring production into America.
Duties imposed to address the flow of illicit drugs across our borders are now:
25% tariffs on goods that do not satisfy U.S.-Mexico-Canada Agreement (USMCA) rules of origin.
A lower 10% tariff on those energy products imported from Canada that fall outside the USMCA preference.
A lower 10% tariff on any potash imported from Canada and Mexico that falls outside the USMCA preference.
No tariffs on those goods from Canada and Mexico that claim and qualify for USMCA preference.
While the situations at our Northern and Southern borders continue to require appropriate action from the Governments of Canada and Mexico, our American automotive industry, which provides American jobs, should not suffer significant disruption just because of the structure of its supply chain.
ENSURING BORDER SECURITY AND ECONOMIC SECURITY: President Trump will not allow our national security to be compromised by our closest trading partners, Canada and Mexico, but recognizes the unique impact that these tariffs could have on American automotive manufacturers. Read More→
