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ARTICLE · 11 DECEMBER 2024

How Canada And Mexico Might Approach 25% Tariffs Under USMCA

Cassidy Levy Kent LLP
Cassidy Levy Kent LLP
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Cassidy Levy Kent LLP

Cassidy Levy Kent LLP

Cassidy Levy Kent is an international law firm with offices in Washington, Ottawa, and Brussels....

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Late last month President-elect Trump issued a statement via social media that on inauguration day he would invoke Presidential authorities to "charge Mexico and Canada a 25% Tariff on ALL products...

GlobalInternational Law

Late last month President-elect Trump issued a statement via social media that on inauguration day he would invoke Presidential authorities to "charge Mexico and Canada a 25% Tariff on ALL products coming into the United States." According to President-elect Trump, the new tariffs would be a response to Canada's and Mexico's failures to address large numbers of persons and drugs unlawfully crossing the northern and southern borders of the United States. Commentators immediately questioned what such action might mean for the United States-Mexico-Canada Agreement (USMCA), and Mexican President Claudia Sheinbaum initially promised to retaliate by imposing 25% tariffs on imports from the United States. Since the President-elect's social media post, he has had an in-person meeting with Canadian Prime Minister Justin Trudeau and a conversation with Mexican President Sheinbaum.

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