President Trump Imposes 25% Tariffs on Canada, Mexico; 10% Tariffs on China

Monday, February 3, 2025 - In a major trade and security policy shift, former President Donald Trump has announced new tariffs on imports from Mexico, Canada, and China, citing the need to combat illegal immigration and the flow of fentanyl into the United States. The additional tariffs include a 25% levy on imports from Mexico and Canada, with a reduced 10% tariff on energy resources from Canada, and a 10% tariff on Chinese imports.

The move, enacted under the International Emergency Economic Powers Act (IEEPA), follows Trump’s argument that foreign governments have failed to curb drug trafficking and illegal immigration, which he describes as a national security crisis. According to the White House, Mexico’s alleged alliance with drug cartels, Canada’s growing footprint in synthetic opioid production, and China’s failure to restrict the export of precursor chemicals justify these measures.

The announcement has significant implications for U.S. manufacturers, including nonferrous foundries, as it introduces new cost pressures on imported raw materials and finished goods. Many industries will be closely watching potential retaliatory measures from Mexico, Canada, and China, as well as how these tariffs affect supply chains and trade relationships moving forward. NFFS will continue monitoring the impact of these policies on the nonferrous foundry industry and provide updates as developments unfold.

Monday, February 3, 2025 Update: Trump and Mexico's president say tariffs will be delayed for one month after talks