No New Tariffs for Canada, Mexico Under Trump Update
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President Donald Trump’s sudden change to tariff policy on April 9 won’t affect the rates that currently apply to Canadian and Mexican products, according to a White House official.
Canada and Mexico were left off the list of countries affected by Trump’s global 10% baseline tariff during his announcement of reciprocal tariffs on April 2. That’s still the case, according to the official, speaking on condition of anonymity.
Canadian and Mexican producers of automobiles, steel and aluminum still face 25% tariffs that Trump put in place earlier. The U.S. has also implemented tariffs of 10% or 25% on a broad range of imports from both countries — but companies are mostly able to avoid them through an exemption for products that are shipped under the rules of the U.S.-Mexico-Canada Agreement.
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