In March 2025, the U.S. imposed a 25% tariff on certain goods from Canada and Mexico under the International Emergency Economic Powers Act (IEEPA), targeting efforts to disrupt the supply chain for fentanyl and related precursors. For importers, these duties are not just a regulatory development; they are a direct financial hit. Businesses already facing traditional customs duties now need to absorb another layer of cost that could significantly affect pricing, planning, and profitability.
But there is a potential solution: the United States-Mexico-Canada Agreement (USMCA).
