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Huge Tariff Increases Could Hit Mexico, Canada, Despite USMCA Exemption

Summary by Forbes
Trump’s promise to impose 30% tariffs on imports from Mexico and 35% on imports from Canada beginning tomorrow could hammer up to three-fourths of their U.S. imports.

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Leaving aside the congratulations after Thursday's call, in which President Sheinbaum and Donald Trump agreed to postpone until October 30 the increase in the tariff for Mexican exports that do not comply with the rules of origin of the T-MEC, there are two questions that no official has answered: what were the elements that led to that decision, especially after the letter of July 11, and what are the non-tariff barriers that Trump refers to in…

·Mexico
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Mexico granted a 90-day grace period for a 25% tariff, while Canada raised it to 35%. America's two neighbors, Mexico and Canada, are taking divergent approaches to President Donald Trump's tariff threat. Mexico, a signatory to the United States-Mexico-Canada Agreement (USMCA),

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Forbes broke the news in United States on Thursday, July 31, 2025.
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