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ARTICLE · 06 MARCH 2025

Tariffs And Trade Actions: Summing Up The Last Few Days

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

Kelley Drye & Warren LLP

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The tariff news of the last day has been coming at full speed. Whether a small manufacturer or part of a multinational group company; a firm that manages cross-border supply...

GlobalInternational Law
Brooke Ringel
Brooke Ringel
Paul A. Rosenthal
Paul A. Rosenthal
Kathleen W. Cannon
Kathleen W. Cannon
Joshua Morey
Joshua Morey
Jennifer E. McCadney
Jennifer E. McCadney
Elizabeth Johnson
Elizabeth Johnson
Dana S. Wood
Dana S. Wood
Joshua Kagan
Joshua Kagan
Maggie Crosswy
Maggie Crosswy

The tariff news of the last day has been coming at full speed. Whether a small manufacturer or part of a multinational group company; a firm that manages cross-border supply chains on a daily basis or one that rarely thought about customs duties before now; a commuter listening to the local news or a hedge fund manager – it has become both necessary and challenging to follow President Trump's tariff moves since he announced his America First Trade Policy on his first day in office. The pace of action has only increased. Here are the key takeaways from recent days, including the last 24 hours:

U.S. Tariffs on Goods from Canada and Mexico

  • Tariffs of 25% on all goods from Canada and Mexico went into effect as of 12:01 am on Tuesday, March 4, 2025, after a 30-day delay for the United States to negotiate with each country on a more permanent solution to "stop the flow of fentanyl and illegal migrants."
    • For Canadian energy imports, including crude oil, natural

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