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The US government has just signed an executive order authorizing the application of 25% tariffs on products of Canada and Mexico, a 10% tariff on energy and energy resources from Canada, and a new 10% tariff on goods from China, for importations on or after 12:01 AM Eastern Time, February 4, 2025. These duties are in addition to any existing duties and tariffs.
If you anticipate that your goods could be affected by these tariffs, you are encouraged to take one or more of the following actions:
Continue to watch this space for more details on this as it unfolds.