WHAT’S THE LATEST

On Thursday, March 6, President Trump announced temporary exemptions on tariffs for imported goods from Mexico and Canada. These exemptions only apply to goods that comply with the U.S.-Mexico-Canada Agreement (USMCA) and will expire on April 12.

This announcement comes after the implementation of 25% tariffs earlier this week.

WHAT WE KNOW

  • A senior administration official stated that approximately 50% of U.S. imports from Mexico and about 38% of U.S. imports from Canada comply with USMCA.
    • However, some Canadian energy products won’t qualify and will face a 10% tariff, while all other goods, including computers from Mexico, will be subject to a 25% tariff.
  • Despite the temporary pause on certain tariffs, foreign steel and aluminum imports will still incur a 25% tariff starting on 3/12. 

SEKO'S GUIDANCE

As the situation continues to evolve, SEKO’s team is actively monitoring developments day-by-day to ensure we have the latest information to guide our clients. Here’s what we recommend:

  • U.S. warehouse space will become a premium – don’t wait until space is gone or disruptions escalate even further to secure what is necessary for your business needs.
  • U.S. Importers should ensure that they are enrolled in Customs and Border Protection’s Periodic Monthly Statement program to allow for the most beneficial payment terms for newly implemented tariffs.
  • Schedule an hour of free consulting with our team of experts today to explore how we can keep your supply chain moving smoothly.

If you have questions, please reach out to your SEKO representative, or email us at hello@sekologistics.com.