Back Live blog: updates on global trade and tariffs
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Updates on global trade and tariffs
In early February 2025, the current U.S. Administration announced new tariffs on key trading partners and specific goods. Some actions are already in effect, and others have been delayed or are not yet official. In response to these decisions, a few countries announced and have implemented retaliatory tariffs.
This situation is fluid and may lead to questions from you, our customers. If you have questions, please don't hesitate to reach out to your Kuehne+Nagel account manager or customs team. We are committed to keeping you informed during these transitions. Please bookmark this page to stay up to date on relevant tariff developments and their potential impact.
Updates
7 March 2025: U.S. delays tariffs on a range of goods from Canada and Mexico for one month
On Wednesday, the U.S. exempted automotive goods from the 25% tariffs that had been imposed on imports from Canada and Mexico as of Tuesday.
Now, the U.S. also announced a one-month suspension of the 25% tariffs on all goods compliant with the United States-Mexico-Canada Agreement (USMCA). Kuehne+Nagel is closely monitoring all details, including the impact on duties already paid since March 4, 2025, on goods that are now exempted.
According to the latest reports, a 25% tariff on imports of steel and aluminum will still take effect as scheduled on March 12, 2025.
4 March 2025: imports from Canada and Mexico are now to be taxed at 25%
A 25% tariff on Canadian and Mexican imports into the U.S. went into effect after midnight on March 4th, except for Canadian energy products, which are subject to a 10% tariff. Additionally, a 10% tariff on Chinese imports into the U.S. was implemented, applying on top of existing tariffs (meaning a total of 20% tariffs now apply).
In response, China has imposed tariffs on various food and agricultural products from the U.S. The Canadian prime minister has stated that they will immediately apply a 25% tariff on a wide range of U.S. products, and that these tariffs will be expanded if the U.S. tariffs against Canada remain in place after 21 days.
28 February 2025: Media reports new tariffs for Mexico, Canada, and China starting March 4
Media reports state that a 25% U.S. tariff on imports from Mexico and Canada will go into effect on March 4th, contrary to earlier reports suggesting a potential delay until April 2nd.
Furthermore, the U.S. president has announced an additional 10% tariff on all goods from China, which are to be applied on the same date, March 4th, on top of the existing 10% tariff which came into effect earlier this month.
12 February 2025: New U.S. tariffs on steel and aluminium
The U.S. government announced a 25% tariff on all steel and aluminium imports with March 12, 2025, as the official implementation date. This primarily affects major suppliers from Canada, Mexico, and Brazil.
Companies are encouraged to evaluate any possible effects this tariff may have on their business. Our trade compliance team remains available for inquiries.
7 February 2025: New 10% tariff from U.S. on de minimis goods
A new U.S. executive order delays the cancellation of the de minimis exemption. This order announced a process to allow de minimis entries through Customs with a 10% tariff on those movements. This program will impact the express consignment carriers but will have no impact on Kuehne+Nagel services.
4 February 2025: Counter-tariffs from China to U.S. on energy and machinery goods
China announced targeted tariffs on specific U.S. imports starting February 10, 2025. These include an extra 15% tariff on U.S. imports of anthracite, coal, coke, lignite and liquified natural gas. This action also poses an additional 10% tariff on U.S. imports of crude oil, various types of agricultural machinery, tractors, large-displacement vehicles and pickup trucks, electric wagons, agricultural trailers and semi-trailers.
This action is a response to the unilateral tariff measures imposed by the United States on Chinese imports.
3 February 2025: Agreement to pause tariffs between U.S. and Canada / Mexico
Both Mexico and Canada came to an agreement with the U.S. to suspend the 25% tariffs from the U.S. on each country beginning on Tuesday, February 4, 2025. Canada also paused its retaliatory measures.
This pause is to last for at least 30 days.
3 February 2025: Canada announces 25% counter-tariff on U.S. goods
Canada announced retaliatory measures with a 25% tariff on a series of U.S. imports. Please find a list of goods issued from the Canadian government here.
1 February 2025: New U.S. tariffs on goods from China, Canada and Mexico
On February 1, 2025, the U.S. president signed executive orders imposing 10% tariffs on all goods from China and 25% tariffs on all goods from Mexico and Canada (except for Canadian energy and oil, for which 10% tariffs will apply). The tariffs are added on top of existing ones and are to take effect on Tuesday, February 4.
Goods in transit before 12:01 a.m. EST on February 1, 2025, may be exempt from these tariffs, provided the importer submits a certification (details to be outlined in a U.S. Federal Register notice).
In addition, the de minimis exemption for goods valued under $800 from China has been revoked. This means that those shipments to the U.S., such as orders from e-commerce customers, will be subject to duties and must follow the same customs clearance processes as other goods entering the country.
DISCLAIMER - All information is provided in good faith for guidance and reference purposes only. It is of a general informational nature, and Kuehne+Nagel takes no legal responsibility for the accuracy of the information provided via this document. Kuehne+Nagel makes no representation as to the accuracy or completeness of any of the information contained herein and accepts no liability for any loss arising from the use of the information provided.