Jaguar Freight | Important Update: Trump Announces Tariffs to Start Tomorrow

The White House confirmed that President Trump will impose new tariffs starting Saturday, February 1.

The tariffs include a 25% duty on certain imports from Canada and Mexico and a 10% tariff on specific Chinese goods.

The tariffs could lead to higher prices for U.S. consumers and businesses on products such as electronics, toys, shoes, produce, lumber, and cars. Companies importing these goods must decide whether to absorb the costs, reducing profits, or pass them on to consumers.

Mexico and Canada have threatened retaliatory tariffs, which could harm American exporters, particularly in agriculture, manufacturing, and energy sectors. Canadian Prime Minister Justin Trudeau has vowed a strong response if the tariffs take effect.

Industries with integrated cross-border supply chains, such as auto manufacturing, could see significant cost increases.

Jaguar Freight will continue to monitor the situation and provide further updates as warranted.

Thank you,

The Team at Jaguar Freight

Compliments of Jaguar Freight – a member of the EACCNY