Blogs3.6.25
Tariff Whiplash in North America
On March 4, 2025, and pursuant to President Donald Trump's authority under the International Emergency Economic Powers Act (IEEPA), the U.S. proceeded with imposing IEEPA tariffs of 25 percent on products of Canada and Mexico, while also increasing IEEPA tariffs to 20 percent on products of China. Yet, in the two days that have passed since these IEEPA tariffs went into effect, we have already seen dramatic changes with respect to Canada and Mexico, exemplifying the fast-changing nature of negotiations between the U.S. and its North American trading partners. Read the full post on our international trade blog.
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