Executive Orders Levying Tariffs on Mexico, Canada and China Origin Goods – February 2nd & 3rd, 2025
February 2, 2025
February 2nd Update: The White House announced several tariff actions on Saturday, February 1, 2025, with effective dates of February 4th. The tariffs include an additional 25% on goods with a country of origin of Mexico, 10% on goods with a COO of China, and 25% on goods originating in Canada, with energy and energy resources as an exception with only an additional 10% tariff. NAFTZs TRRT gives considerations for managing inventory on-hand in and destined for U.S. FTZs here.
We encourage members to consult the full text of the memorandum for detailed information and to stay informed about the ongoing reviews and reports referenced in the document. The TRRT will continue monitoring these developments closely, with a focus on their potential impact on FTZ operations.
February 3rd Update: The TRRT has been closely monitoring the latest tariff developments and has updates in the following:
- PF Treatment of On-Hand FTZ Inventory
- 5-Day Rule and Nonprocessing Stipulations
- Mexico Tariffs Paused for 1 Month
- Canada Tariffs Paused for 1 Month