The summary of this email in case you don’t want to read all the way through is that we have no official word through the necessary channels of any tariff being implemented as of this writing.

As you are quite likely aware, there has been a formal announcement by President Trump that tariffs will be implemented for all goods arriving from the above three countries tomorrow February 2, 2025.  Here is what we know at this moment.

The first action to implement these tariffs is a publication in the Federal Register which will be our clarification of any parameters (commodities or all, actual rate and the authority under which the tariffs are collected) around these tariffs discussed by President Trump and the Press.  We have read, all commodities (25% Canada and Mexico and 10% China) with some energy exceptions from Canada at a lower rate. The Federal Register notice with the specifics has not happened yet.

A few moments ago, an announcement was made indicating that the Mexico tariffs would be delayed by 1 month.  We have also heard the news reports that the leaders of Canada and the US will be speaking this afternoon.

From an administrative perspective, there is programming work that must be done to implement the collection of these tariffs by both the government and Customs Brokers.  Rates of duty are predicated on the arrival date into the United States, so having that programming done must occur before tariffs can be implemented.

We understand that you need to know what is happening, we have been advised by Customs and Border Protection that they will inform us as soon as possible.  The moment we receive any definitive information we will be in contact with you.

Please do not hesitate to contact us if you have questions.

February 3, 2024