The Trump administration this week announced that products traded with Mexico and Canada under the rules of the U.S.-Mexico-Canada (USMCA) agreement will be exempted for one month from the 25 percent tariffs imposed earlier this week.
Earlier this week, the Trump administration announced it would implement a 25 percent tariff on products entering the U.S. from Mexico and Canada. The administration then announced an exemption for automobiles and parts before deciding to grant further exemptions for goods traded under USMCA.
U.S. Secretary of Agriculture Brooke Rollins said, “The temporary tariff exemption for Canada and Mexico is a smart, strategic move to keep trade negotiations on course while delivering real results for American agriculture. Canada must commit to fair trade practices—including those in dairy, eggs, and poultry, and Mexico must maintain open markets. Once again, the President’s leadership ensures that U.S. farmers remain at the forefront—fighting for fair trade, lower costs, and stronger market access.”
In response to the U.S. tariffs, Canada announced it will impose a 25 percent tariff on roughly $30 billion of U.S. products and will significantly add to that list in a few weeks, escalating to roughly $155 billion of products by the end of March.
Canada announced that its 25 percent tariff would apply to U.S. chicken products.
