President Donald Trump, contrary to his commerce secretary's suggestion a day earlier that tariffs might be lower than 25% on Mexican and Canadian goods over border issues, told reporters March 3 that "tomorrow, tariffs, 25% on Canada, 25% on Mexico" will be imposed.
CBP issued notices late March 3 on implementation of 25% tariffs on most goods from Canada and all goods from Mexico.
President Donald Trump published an executive order shortly before 5 p.m. increasing emergency fentanyl tariffs on China from 10% to 20% because China hasn't taken adequate steps to cooperate on reducing drug smuggling.
Tariffs on some of the new aluminum and steel derivatives listed in an annex to President Donald Trump’s proclamation expanding the Section 232 tariffs will take effect March 12, according to a pair of notices released by the Commerce Department.
De minimis treatment will remain in effect for goods from Canada and Mexico if a 25% tariff on goods from those countries takes effect as scheduled March 4. Executive orders issued March 2 postpone the removal of de minimis for Canada and Mexico, ordered alongside the 25% tariff, until the commerce secretary notifies the President that “adequate systems are in place” to process and collect tariffs on formerly de minimis shipments.
Sen. Chris Coons, D-Del., said that Senate Finance Committee Chairman Mike Crapo, R-Idaho, blocked his effort to pass a bill through the Senate unanimously that would require Congress to approve tariffs imposed on free-trade partners like Mexico and Canada, or on NATO and major non-NATO allies.
The National Council of Textile Organizations, joined by its Canadian and Mexican counterparts, urged President Donald Trump not to impose 25% tariffs on imports in the region.
Sen. Bill Cassidy, R-La., joined by Sens. Raphael Warnock, D-Ga., Dick Durbin, D-Ill., and Rick Scott, R-Fla., introduced a renewal of a trade preferences program for Haiti this week.
President Donald Trump said he's "very receptive" to reaching a trade deal with the United Kingdom that would mean hiking tariffs on the U.K. wouldn't be necessary. Trump and U.K. Prime Minister Keir Starmer held a joint press conference after their meeting Feb. 27, which Starmer opened by emphasizing that trade is fair and balanced between the two countries.
From the removal of China from de minimis eligibility on Feb. 4 until the announcement that de minimis would be restored for China on Feb. 7, CBP rejected 79,995 bills of lading in the truck lane, 15 entries coming by truck, 271,662 bills of lading coming by air, and 285,005 entries coming by air. It also rejected 3,684 entries that arrived by ship.