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How Trump could unilaterally place tariffs on Mexico and Canada

Summary by Reason
During his first term in office, President Donald Trump oversaw the renegotiation of a continent-wide trade deal that he hailed as "the fairest, most balanced, and beneficial trade agreement we have ever signed into law. It's the best agreement we've ever made." As part of that deal, the United States-Mexico-Canada Agreement (USMCA), the three countries agreed that they would not "increase any existing customs duty, or adopt any new customs duty…

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Atlantic CouncilAtlantic Council
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Explainer: US tariffs on Mexico

Following President Trump’s announcement around potential 25 percent tariffs on imports from Mexico, what are the possible economic implications for both the United States and its southern neighbor?

·Washington, United States
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ReasonReason
Lean Right

How Trump could unilaterally place tariffs on Mexico and Canada

During his first term in office, President Donald Trump oversaw the renegotiation of a continent-wide trade deal that he hailed as "the fairest, most balanced, and beneficial trade agreement we have ever signed into law. It's the best agreement we've ever made." As part of that deal, the United States-Mexico-Canada Agreement (USMCA), the three countries agreed that they would not "increase any existing customs duty, or adopt any new customs duty…

·United States
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exactera.comexactera.com

Will New Tariffs Imposed on Mexico and Canada Impact Your Transfer Pricing?

There has been a substantial amount of talk about imposing tariffs on goods entering the US from Canada, Mexico, and China. The President just took office and has said that he will impose tariffs on February 1, potentially on all incoming trade. The new administration’s current plan is to assign tariffs of either 10 or 20 percent on all goods and from 60 to 100 percent on goods from China. There are many implications for consumers, but for corpo…

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Reason broke the news in United States on Thursday, January 23, 2025.
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