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Canadian tariffs paused; exemption info released for Chinese and Canadian goods in transit
February 3, 2025
Recent press announcements breaking at the time of publication report an agreement by the US to "pause" tariffs on Canada for 30 days. The announcement follows a similar 30 day pause agreement with Mexico.
A pair of federal register notices (Canada, China) have entered prepublication implementing the tariffs. These notices include tariff codes which companies with goods in transit at the time tariffs enter effect tomorrow, February 4, can use to exempt such goods from the new tariff regimes. The notice regarding Canadian tariffs may be rescinded in light of the announced pause; affected companies should continue to monitor this rapidly evolving situation.