IEDC Tariffs Update

Dear IEDC Members,

As an update to the information we provided earlier this week, President Trump has announced a temporary one-month delay on 25% tariffs for certain Canadian and Mexican imports that were announced earlier this week, and negotiations continue. 

According to the White House, the delay applies to autos and other goods that comply with the duty-free terms of the U.S.-Mexico-Canada Agreement (USMCA). However, some Canadian goods—such as energy products—will still face tariffs, though at a reduced rate of 10%. Additionally, tariffs on a key fertilizer mineral, potash, have been lowered from 25% to 10%.

Despite this reprieve, Canada and Mexico have maintained their retaliatory tariffs on certain U.S. products, although Canada has postponed a second round of tariffs on U.S. exports until April 2, the same date when the U.S. is expected to announce new reciprocal tariffs.

These developments highlight the continued uncertainty surrounding trade policy and potential economic impacts, and we encourage everyone to continue to communicate with your local businesses on potential impacts. We will continue to monitor the situation closely and provide updates as more details emerge.

Please don’t hesitate to reach out with any questions or insights from your communities.