Proposed Tariff Policy Updates
Tariffs on Products from Canada and Mexico – Delayed until March
Tariff Delay: As of February 3, the tariffs on Mexican imports have been paused for 30 days following an agreement between the U.S. and Mexico and President Sheinbaum announcing additional security forces to be deployed to Mexico’s northern border.
Tariff Delay: As of February 3, the tariffs on Canadian imports have been paused for 30 days following an agreement between the U.S. and Canada. President Trump announced the pause after Canada committed to a $1.3 billion border reinforcement plan, which will enhance border security with new helicopters, technology, personnel, and resources to combat fentanyl trafficking.
China Tariffs Took Effect on Feb. 4 – A 10% tariff now applies to all Chinese imports, with no exception process announced for key industries.
Tariff Special Report – 2/4/25
Within the document (linked below), you will find the latest supply chain updates, talking points around Premier’s contracting language, and a category risk review.