February 1, 2025
USTR invokes IEEPA for 10% USMCA partner tariffs
Mexico, Canada, China hit with 10% duties day one
🌍Foreign Policy💰Economy
Effective Feb. 1, 2025, the Trump administration imposed duties of up to 10% on imports from Canada, Mexico, and China under a national emergency proclamation citing fentanyl trafficking and migration (White House Tariff Proclamation, 2025-02-01).
Canada and Mexico retaliated by levying tariffs on U.S. agricultural products, manufactured goods, and energy exports in direct response to the U.S. duties (Canadian Trade Minister Retaliation Statement).
Steel, aluminum, and manufactured goods face the highest duty rates, which U.S. importers pay and then pass on to American consumers and businesses as higher prices (U.S. Trade Representative Tariff Schedule; Congressional Research Service Tariff Mechanics).
🌍Foreign Policy💰Economy
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Q1
When did Trump's new tariffs on NAFTA partners and China take effect?
Q2
Tariffs are paid by foreign exporters rather than American importers.
Q3
How did Canada and Mexico respond to the new tariffs?
Q4
China imposed retaliatory tariffs only on luxury American goods.
Q5
How do tariffs affect American consumers and businesses?
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Donald J. Trump (President of the United States)
declared a national emergency over fentanyl trafficking and unauthorized migration and issued the Feb. 1, 2025 proclamation imposing up to 10% tariffs on Canada, Mexico, and China (White House Tariff Proclamation; National Emergency Fentanyl Declaration).