E-Newsletter
An Electronic Publication of the North Central Massachusetts Chamber of Commerce
Chamber Alert: New tariffs on Canada, Mexico and China
Dear Chamber Members,
On Saturday, February 1, 2025, the Trump administration announced executive orders resulting in tariffs of 25% on imports to the U.S. from Canada and Mexico, 10% on Canadian energy products, and 10% on goods from China, effective February 4, 2025. Following this announcement, Canada announced intentions to place new tariffs of 25% on U.S. goods imported into Canada, also scheduled to be effective February 4, 2025. On Monday, February 3, 2025, it was announced that the new tariffs against Mexico would be paused for one month
As news of the executive orders continue to make headlines, I wanted to reach out to let you know the Chamber is monitoring the situation while also working to understand how the tariffs may impact our regional economy and many of our members’ operations.
While we understand the Trump administration’s focus on addressing critical issues, such as border security and the fentanyl crisis, we have heard from our member manufacturers over the past few days about how these executive orders may affect their business.
From supply chains to business operations, and the potential increase in the cost of goods for consumers, we share their concerns about the potential economic impact these executive orders will have on our local businesses and communities.
In the days ahead, the Chamber will continue to closely monitor this situation and actively gather feedback from members as your perspective is crucial to helping us advocate, communicate and respond. We encourage you to share your feedback as it will help us better understand your business’ needs. For your convenience, you can provide your thoughts online here or contact me directly by phone at 978.353.7600, ext. 225, or via email.
As this situation is ever-changing, we are in regular communication with the U.S. Chamber of Commerce, our congressional delegation, and other business organizations to ensure we have the most current information as it becomes available.
Sincerely,
Roy M. Nascimento, CCE, IOM
President and CEO
Cámara de Comercio del Norte Central de Massachusetts
North Central Massachusetts | Central Massachusetts | Massachusetts | Chamber of Commerce | North Central Massachusetts Chamber | Chamber of Commerce Membership | Chamber of Commerce Member Benefits | Chamber of Commerce near me | Business Networking | Massachusetts Business | Business Resources | Tariffs
