Jaguar Freight | Important Update: Pending Tariffs on Canada and Mexico Suspended

Important Notice: There have been significant trade policy developments regarding tariffs on imports from Mexico, Canada, and China today.

Mexico: The planned 25% tariff on imports has been delayed for a month after an agreement between President Trump and Mexican President Claudia Sheinbaum. As part of the deal, Mexico will deploy 10,000 members of its national guard to the border to combat drug trafficking.

Canada: A similar agreement was reached with Prime Minister Justin Trudeau during an afternoon meeting, suspending new tariffs for 30 days.

China: The additional 10% tariff on certain Chinese products is still set to take effect at 12:01 a.m. ET on Tuesday, Feb. 4. The CBP has already published the Federal Register notice, implementing President Trump’s decision from Saturday, Feb. 1. Here is a link.

Further talks with China are expected in the next 24 hours.

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