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EQUIPMENT DEALERS SHOULD CONTACT THEIR OEM IF PRODUCTS ARE TARIFF FREE
Mar. 7, 2025
Farm Equipment magazine reports:
The North American Equipment Dealers Association (NAEDA) issued a Legislative Update March 6 offering the latest update on the U.S. Tariffs which had been imposed on Mexico earlier in the week. The statement is shared below:
Today, President Trump announced adjustments to the 25% tariffs imposed earlier this week on imports from Canada and Mexico. In today's announcement, tariffs have been eliminated for goods claiming and qualifying for USMCA preference until a further decision is made April 2, 2025.
For dealers, this means that most products imported from Canada and Mexico will temporarily not be subject to tariffs. However, White House officials have reported that nearly 62% of imports from Canada and 50% of Mexico imports do not comply with USMCA and would be subject to tariffs. We recommend ensuring with your manufacturer that their products can be imported duty free.
NAEDA remains on top of these fast-moving developments and encourages dealers to contact the association with any questions you have concerning this issue. We will continue to provide updates as they occur as we actively work with officials and stakeholders to rationalize new information as it becomes available.
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