Update as of August 1, 2025:
As U.S. trade policy continues to evolve this week, we’re closely tracking the latest developments to keep our clients informed and ready to respond strategically and tactically. Please note that the updates below reflect the trade environment at the time of posting and may be subject to change.
Topics: Tradewin, United States, USMCA, Tariffs, EU
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).
