Tariffs
Updated: March 11, 2025, 10:00 AM
As part of the WTCNO’s ongoing commitment to supporting a business environment where international businesses and trade can thrive and bringing together public and private sector leaders to help grow Louisiana businesses, we are continuously monitoring trade policy across the world that impacts you, our members. As we continue to navigate the ever-evolving landscape of trade and commerce, it is crucial to stay informed about the policies that impact our business environment. With that in mind, the World Trade Center New Orleans has compiled a resource, outlining the latest news and information on tariffs.
Canada
President Trump authored an executive order that would implement a 25% additional tariff on imports from Canada and a 10% import tariff on energy and energy resources form Canada. Energy resources subject to the 10% import tariff include: crude oil, natural gas, lease condensates, natural gas liquids, refined petroleum products, uranium, coal, biofuels, geothermal heat, the kinetic movement of flowing water, and critical minerals.
Tariffs on all imported goods from Canada that are covered by the USMCA free trade treaty are exempt from tariffs until April 2, 2025.
As a result, Canada imposed tariffs on select U.S. exports to Canada.
Tariffs on both American and Canadian goods are effective as of 12:01 a.m., March 4, 2025
Effective March 12, 2025, the Trump Administration has placed a 50% tariff on all steel and aluminum from Canada.
More information can be found here.
Mexico
President Trump authored an executive order that would implement a 25% tariff on all imports from Mexico.
Tariffs on all imported goods from Mexcio that are covered by the USMCA free trade treaty are exempt from tariffs until April 2, 2025.
More information can be found here.
China
Effective February 4th, the Trump Administration imposed a 10% tariff on all U.S. imports from China.
Effective as of 12:01 a.m., March 4, 2025, the Trump Administration increased the tariff on China to 20%. The tariff also applies to goods from Hong Kong.
In response, China imposed a 15% tariff on select U.S. exports to the country on coal, LNG, chicken, wheat, corn, and cotton and a 10% tariff on crude oil, agricultural products and machinery, automobiles and trucks.
More information can be found here.
Steel & Aluminum
On February 11th, President Trump signed an executive order, restoring a 25% tariff on all steel imports and elevating the tariff to 25% on all aluminum imports. These tariffs will go into effect beginning March 12, 2025.
Effective March 12, 2025, the Trump Administration has placed a 50% tariff on all steel and aluminum from Canada.
More information can be found here.
Reciprocal Tariffs
On February 13,2025 , President Trump ordered his trade advisers to come up with “reciprocal” tariffs on trade partners that impost a tariff on U.S. exports. It is expected that a comprehensive plan will be developed by the Trump Administration by April 1, 2025.