On February 1, 2025, President Donald J. Trump issued a trio of executive orders imposing tariffs on goods imported to the United States from Canada, Mexico, and China. The orders announce (i) a 25% tariff on Mexican and Canadian imports, with the exception of Canadian energy products, which are subject to a lesser 10% tariff, and (ii) a 10% tariff on all imports from China. The measures take effect almost immediately, on February 4, 2025. Their enactment already has triggered plans for retaliatory trade measures by the affected countries.
View other S&C insights relating to President Trump’s recent executive orders.