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February 4, 2025
New Tariffs: What To Know
*last updated Feb 4, 2024
America: Proposed Tariffs (taking effect March 4, 2025)
A 25% duty will apply to products of Canada and Mexico.
Products of Canada and Mexico will also no longer be eligible for the $800 de minimus threshold and will require a formal entry and duty fees.
Canada: Proposed Tariffs (taking effect March 4, 2025)
The Canadian tariffs will target products of the USA based on their HS code, also at a rate of 25%. The list of HS codes can be found here.
China and Section 321 (current in place)
Products of China (including products of Hong Kong as explained in the Federal Register Notice regarding China and EO 13936 (July 17, 2020)) are no longer eligible for the administrative exemption from duty and certain tax at 19 U.S.C. § 1321(a)(2)(C) and are subject to the additional ad valorem rates of duty of 10%.
“Requests for de minimis entry and clearance for ineligible shipments will be rejected,” CBP said. “The filer/importer has the option of filing an appropriate formal or other informal entry and paying all applicable duties, taxes and fees.”
For help determining the impact on your business, please reach out to consulting@carson.ca