Update on Tariffs

Update on Tariffs

As the news about the tariffs announced by the Trump administration on Saturday, February 1, 2025, continue to be top of mind for our members, the Chamber is providing the below update (current as of February 4, 2025, at 12 p.m. ET):

Canada and Mexico

The tariffs announced for Canada and Mexico are currently postponed for 30 days.

China

An additional 10% tariff on pre-existing tariffs for imports from China was implemented after midnight on February 4, 2025, and is currently in effect. In response to this action by the U.S., the Chinese government began imposing additional tariffs on natural gas, coal, farm machinery and other products from the United States. Additionally, restrictions on the export of certain minerals, several of which are used in high-tech product manufacturing, were also announced by China.

Europe

Media reports indicate punitive tariffs may be forth coming for the 27 members of the European Union.

We will continue to keep you updated on key developments as they become available.

As always, we encourage members to share their feedback on the impacts these tariffs may have on their businesses. For your convenience, you can provide your thoughts online here or contact Roy Nascimento, president and CEO, North Central Massachusetts Chamber of Commerce, directly by phone at 978.353.7600, ext. 225, or via email.


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