BREAKING NEWS ON US TARIFFS

Trump Tariffs for Canada Paused 30 Days
According to an X message, Canadian President Justin Trudeau concluded a late afternoon call today with President Trump in which it was decided that the 25% tariffs set to take effect on U.S. imports of Canadian goods at 12:01 a.m. ET tonight will be postponed for 30 days.
https://www.ncbfaa.org/trump-tariffs-update

ST&R Trade Advisory: Anticipate Revised EO for Canada and Mexico Tariffs Announcing Delayed Potential Effective Date of March 1
While everyone feared we would have tariffs in place on Mexico, Canada and China effective Feb. 4, we have avoided the additional tariffs for Canada and Mexico until at least March 1. We do not expect a “deal to delay” will be reached between the U.S. and China before the midnight deadline tonight.
https://www.ncbfaa.org/trump-tariffs-update

CBP Guidance for ACE Processing De Minimis Shipments from China
Customs and Border Protection (CBP) has provided guidance to the trade in response to President Trump’s Feb. 1 Executive Order imposing additional 10% tariffs on U.S. imports from China which includes curtailment of de minimis-qualifying shipments from China, effective 12:01 a.m. ET, Feb. 4.
https://www.ncbfaa.org/trump-tariffs-update