Mexico, Canada, China: 25%/10% Tariff Explainer

Trump's new tariffs on Mexican, Canadian, and Chinese goods have taken effect — what does this mean for businesses?

New tariffs on Mexican, Canadian, and Chinese goods spark discussions on their potential impact on global trade and business strategies.

US President Donald Trump's tariffs—25% on Mexican and Canadian goods and an additional 10% on Chinese imports—took effect on March 4, 2025.

Download:

1. Official Announcement of Tariffs in U.S. Federal Register (Canada) - 3 March 2025

2. Official Announcement of Tariffs in U.S. Federal Register (Mexico) - 3 March 2025

With more than $75 billion worth of products impacted, how will these tariffs affect industries and businesses across North America and beyond?

In this article, we'll address key questions about these tariffs' risks and explore strategies businesses can use to mitigate their impact.

What we will answer in this blog entry:

1. What are the key points in a nutshell?

2. Which industries will be most affected by the new tariffs?

3. What are Canadian Retaliatory Tariffs?

4. What are the Mexican Retaliatory Tariffs?

5. What are the Chinese Retaliatory Tariffs?

6. What is the US consumer's and business impact of these tariffs?

7. What strategies can businesses adopt to minimize tariff-related costs?

8. Why are these tariffs imposed?

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