Trade Actions involving U.S., Canada, and Mexico:
- On 6 March, President Trump temporarily paused the 25% tariffs imposed on 4 March for U.S. imports from Mexico and Canada that comply with the USMCA rules of origin until 2 April.
- To benefit from the temporary tariff reprieve, imports into the U.S. from Canada and Mexico must qualify as USMCA-compliant by (a) meeting USMCA rules of origin, and providing certification of origin. Additional information on meeting USMCA requirements can be found on the CBP website. If products from Canada or Mexico are currently entering the United States MFN duty-free and are not claiming USMCA preferences with certification of origin, they will be subject to the additional 25% duty. We recommend that importing members review their trade flows and customs data to determine if their imports from Canada and Mexico are USMCA-compliant.
- Canada responded by keeping in place its tranche 1 retaliation and postponing the implementation of tranche 2 retaliatory tariffs until 2 April.
- Mexico’s President Sheinbaum was expected to announce retaliatory measures this past Sunday. However, due to President Trump’s announcement, Sheinbaum held a massive rally on Sunday celebrating the pause saying that she will continue to have “respectful dialogue” with the United States.
Trade Actions involving U.S. and China:
- On 4 March, the Trump Administration increased U.S. tariffs on imports from China another 10%.
- On 10 March, China implemented retaliatory tariffs of 10% or 15% on certain U.S. goods. These new tariffs will not impact PMMI members’ U.S. exports as no tariff codes relevant to PMMI machinery were identified.
U.S. Tariffs on Imports of Steel and Aluminum
Potential U.S. Tariff Actions:
Actions at the World Trade Organization (WTO)
Updates from U.S. Trade Representative
