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
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.