Member News, Trade & TTIP Related

Jaguar Freight | Important Notice: Tariffs on Imports from Canada and Mexico Slated to Begin

According to US Commerce Secretary Howard Lutnick, tariffs on imports from Canada and Mexico will happen as planned, starting at 12:01 am Tuesday and that the exact details of the tariffs will depend on negotiations.

After a 30-day delay from the tariffs’ original start date, US President Trump recently restated his intent to impose 25% tariffs – which are a tax on imports – on its two neighboring countries as a response to what he says is an unacceptable flow of illegal drugs and migrants into the US. In an interview Monday, Lutnick said Trump “knows they’ve done a good job on the border,” but the countries “haven’t done enough on fentanyl.” Clarification on how the tariffs will be implemented is expected by Tuesday.

This is a very dynamic situation with significant ramifications for supply chains. Jaguar Freight will provide more information as it becomes available.

The Team at Jaguar Freight

Compliments of Jaguar Freight – a member of the EACCNY