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ARTICLE · 10 FEBRUARY 2025

The First Wave: U.S. Imposes Tariffs On Canada (Or Not?), Mexico (Or Not?), And China (Well, Yeah, Probably So)

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On February 1, 2025, President Trump issued three executive orders imposing tariffs on nearly all imports from Canada, Mexico, and China.

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On February 1, 2025, President Trump issued three executive orders imposing tariffs on nearly all imports from Canada1, Mexico,2 and China.3 However, on February 3, the President said on social media that the tariffs on Canada and Mexico will be suspended for one month while the countries discuss potential agreements to reduce or rescind the tariff imposition.4 A subsequent federal register notice provides details of the China tariffs.5

So, at the time of this publication, only one of the three new sets of tariffs have gone into effect: those adding a 10% duty on nearly all imports from China to the United States. Under the executive order, the 10% additional duty is added to "any other duties, fees, exactions, or charges applicable" to goods from China.

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