President Trump has introduced a new 10% tariff on Chinese imports effective February 4, 2025, affecting “de minimis” shipments and prohibiting duty drawback refunds, prompting companies to reassess supply chains and import strategies. In retaliation, China has imposed tariffs on U.S. goods, while proposed tariffs on Mexico and Canada are temporarily paused for further negotiation.
Continue Reading Trump Administration Imposes Tariffs on China Imports; Proposes and Then Pauses Tariffs on Mexico and Canada Imports