25% rate on imports starts to apply; Canadian oil tariff is 10% to reduce impact on gasoline prices
As 25% rates About all imports of Canada and Mexico, announced by the US President (Republican Party), enter into force on Tuesday (4.mar.2025).
On Monday (3.mar), Trump said there was no possibility of the 2 countries to avoid the measure and ruled out any last -minute negotiation. On the same day, the Republican also signed a decree, which went from 10% to 20%. The new rate also came into force this Thursday (4.mar).
The decree that established tariffs on Mexico and Canada was signed in January. The measure provides for an exception for oil and Canadian energy products, which will be taxed by 10% instead of 25%. Canada is the largest oil supplier for the United States, representing about 60% of US imports commodity. The reduced rate seeks to contain impacts on the price of gasoline.
Initially, tariffs should come into force on February 1, but the US government postponed the implementation to March 4 after diplomatic negotiations with Mexico President Claudia Sheinbaum and Canada Prime Minister Justin Trudeau. In response, the 2 countries announced new border security measures.
During the election campaign, Trump additional to neighbors to contain what he called a “invasion” of drugs and illegal immigrants. The measure is seen as part of politics “America First”focusing on the protection of workers and companies in the United States.
With the rates now in force, experts warn of a possible products for US consumers, already impacted by years of high inflation.
Tariff’s rates applied to imports is a recurring theme since the beginning of his term on January 20. On February 10, it establishes the taxation of all steel and aluminum imports for the country. Days later, he announced that countries that charge tariffs on US products. These must come into force on April 2.
In addition, the Republican said on Wednesday (26.FEV) that he intends to impose one. During his, the president criticized the bloc’s trade policy and said Europeans make it difficult for American products to enter.
