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ARTICLE · 28 JANUARY 2025

Impact Of Anticipated Trump Administration Tariffs On Infrastructure Projects

Holland & Knight
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On Nov. 25, 2024, then-President-Elect Donald Trump announced via social media his intention to impose 25 percent tariffs on materials provided by Mexico and Canada, as well as an additional 10 percent tariff.

United StatesInternational Law
Jeanne Harrison
Jeanne Harrison
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On Nov. 25, 2024, then-President-Elect Donald Trump announced via social media his intention to impose 25 percent tariffs on materials provided by Mexico and Canada, as well as an additional 10 percent tariff on Chinese imports.1 President Trump indicated that these tariffs will be part of his first executive orders on Jan. 20, 2025, the date of his inauguration.

The three countries targeted by the tariffs consist of the largest U.S. trade partners. According to the United Nations COMTRADE database on international trade, in 2023, Canadian imports of iron and steel to the U.S. totaled $8.36 billion, Mexican imports of iron and steel totaled $3.73 billion, and Chinese imports of iron and steel totaled $612.96 million.

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