#TariffsPause There have been developments regarding tariff pauses in recent months. Here's what's been happening ¹ ²:

- *Tariff Pause with Mexico and Canada*: President Trump issued executive orders imposing new tariffs on imports from Mexico and Canada, but later agreed to suspend these tariffs for a month after negotiations with both countries. The tariffs were initially set to go into effect on February 4, 2025, but were paused until March 6, 2025.

- *No Pause for China*: In contrast, tariffs on China went into effect as planned on February 4, 2025, with a 10% tariff imposed on top of existing tariffs.

- *90-Day Tariff Pause*: There was also a surprise 90-day tariff pause announced by Trump, but this pause did not apply to China, which actually faced even harder tariffs.

*Key Details on Tariffs*:

- *Mexico and Canada Tariffs*: Initially set at 25% ad valorem rate of duty on all articles imported from Mexico and Canada, with an exception for Canadian energy resources facing a 10% tariff.

- *China Tariffs*: 10% tariff on top of existing tariffs, with some exemptions for humanitarian relief, informational materials, and personal use items.

*Implications*:

- *Trade Uncertainty*: These tariff actions indicate the administration's willingness to use tariffs to pressure other countries over policy disputes, potentially leading to continued uncertainty and escalation.

- *Impact on Businesses*: Companies may need to explore options like duty drawback programs or foreign trade zones to mitigate the impact of tariffs on their imports.