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President Donald Trump's new tariff orders against Canada, Mexico and China all contain clauses suspending a duty-free exemption for low-value shipments below $800 that is widely seen as a ...
United States tariffs on Canada and Mexico took effect on March 4; Canadian retaliatory tariffs on the U.S. began simultaneously; Mexican response is planned to be announced on March 9; Tariffs on goods compliant with the United States–Mexico–Canada Agreement delayed until April 2; Parties
Mexican and Canadian goods have been imported in the US virtually duty-free as a result of the United States-Mexico-Canada Agreement, which Trump negotiated with America’s bordering nations ...
In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group.
The United States–Mexico–Canada Agreement is based substantially on the North American Free Trade Agreement (NAFTA), which came into effect on January 1, 1994. The present agreement was the result of more than a year of negotiations including possible tariffs by the United States against Canada in addition to the possibility of separate bilateral deals instead.
Reduced rates of duty apply under these agreements and arrangements for certain classes or subclasses of goods in certain circumstances. [3] Extensive modifications to normal duties and classifications apply to goods originating in Canada or Mexico under the United States–Mexico–Canada Agreement (USMCA).
For full duty-free regional access, the rules also require 40% percent of a passenger car's content to be manufactured in the United States or Canada, based on a list of "core parts" including ...
Trucks queue near the Mexico-US border while waiting for the port to open in Otay Commercial crossing in Tijuana, Baja California state, Mexico, on March 4, 2025. - Guillermo Arias/AFP/Getty Images