FAIRFAX, Va. – After confirming on March 3 that tariffs on imports from Canada and Mexico would go into effect, President Trump announced on Thursday, March 6 that he is delaying the 25 percent tariffs on Mexico and Canada until next month for all imports that fall under an existing trade deal between the North American countries, according to a report on the RV Industry Association (RVIA) News and Insights page.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement,” Trump wrote on a Truth Social post, using the acronym for the U.S.-Mexico-Canada Agreement. “This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!”
For additional information, please view the latest White House fact sheet. Duties imposed to address the flow of illicit drugs across US borders are now:
- 25% tariffs on goods that do not satisfy U.S.-Mexico-Canada Agreement (USMCA) rules of origin.
- A lower 10% tariff on those energy products imported from Canada that fall outside the USMCA preference.
- A lower 10% tariff on any potash imported from Canada and Mexico that falls outside the USMCA preference.
- No tariffs on those goods from Canada and Mexico that claim and qualify for USMCA preference.
- Bookmark for all the latest on tariffs and the impact on the RV industry
Manufacturers are increasingly worried about the future of trade and rising raw material costs according to the Q1 2025 National Association of Manufacturer’s Outlook Survey.
- In the most recent survey, conducted from Feb. 11 to Feb. 28, trade uncertainties moved to the top of the list of manufacturers’ concerns—with 76.2% of respondents citing them as their primary worry. Increased raw material costs came in second, cited by 62.3% of those surveyed.
- Read the full email from the National Association of Manufacturers…
The post RVIA Gives Update on Status of Canada, Mexico Tariffs first appeared on RVBusiness - Breaking RV Industry News.