Tariffs on Goods from Mexico and Canada

SOURCE www.nbcnews.com
President Trump issues exemptions on tariffs for goods from Mexico and Canada following initial 25% tariffs, exempting goods compliant with the USMCA agreement but subjecting non-compliant goods to tariffs; some Canadian energy products face 10% tariff, while all other goods from Mexico face 25% tariff; Trump cites collaboration with Mexican and Canadian leaders to combat issues like illegal immigration and fentanyl trafficking.

Key Points

  • Exemptions apply to goods compliant with USMCA agreement
  • Tariffs aim to pressure Canada and Mexico on issues like illegal immigration and fentanyl trafficking
  • Trump cites positive collaboration with Mexican and Canadian leaders

Pros

  • Exemptions provided for goods compliant with USMCA agreement
  • Efforts to address concerns about Chinese goods entering the U.S. via Mexico
  • Collaboration between Trump, Mexican, and Canadian leaders to address border issues

Cons

  • Non-compliant goods face tariffs, potentially leading to increased prices for consumers
  • Some Canadian energy products subject to 10% tariff
  • 25% tariff imposed on all other goods from Mexico