2025 Trade Policy Agenda

It was announced late on Monday that new U.S. tariffs on Canada will, like Mexico, be paused for 30 days to allow the U.S. and Canada time to negotiate.

Prime Minister Justin Trudeau said Canada is implementing a $1.3 billion plan to reinforce the U.S.-Canadian border and appointing a Fentanyl Czar, among other things.

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On February 3, President Trump confirmed reports of a one-month pause for the implementation of 25% tariffs on imported products of Mexico, following a conversation with President Claudia Sheinbaum of Mexico during which Sheinbaum agreed to immediately supply 10,000 Mexican National Guardsmen to the U.S.-Mexico border to assist with fentanyl interdiction and illegal migration.

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On Saturday, February 1, 2025, President Trump signed three Executive Orders (“EOs”) following through with the promised tariffs targeting products of Canada, Mexico and China (the “February 1 EOs”), and the White House issued a supporting informational fact sheet.

The United States will impose 25% tariffs on all products of Mexico and Canada

On his first day in office, President Trump rolled out a sprawling set of directives to the heads of numerous government agencies charged with shaping U.S. trade policy.  While stopping short of enacting new tariffs, the Presidential Memorandum defining an “America First Trade Policy” lays the investigative groundwork for potentially sweeping changes to tariffs and