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On Thursday, President Trump signed two executive orders adjusting the 25% tariffs imposed on Canada and Mexico earlier this week. The EOs reenable Mexican and Canadian goods that qualify under the U.S.–Mexico–Canada Agreement to enter the U.S. duty-free. 
 
Below, what it means for you. 
 
What’s eligible: The modification applies to goods that qualify for and claim USMCA preferential treatment, according to the product-specific rules of origin laid out in that agreement. There are no limits on eligibility for the modification based on product or industry.  

• Goods that do not claim USMCA preferential treatment are subject to the 25% tariff, as established by President Trump’s Feb. 1 EOs.
• Canadian energy and energy resources are subject to a lower 10% tariff.
• Canadian and Mexican potash will also be subject to a lower 10% tariff.    

When it goes into effect: The modification went into effect for goods entering the U.S. after 12:01 a.m. EST today.  

• The EOs announcing yesterday’s modifications do not specify an end date, though the president announced in his address to Congress earlier this week that further changes to U.S. tariff policy should be expected on April 2.

Retaliatory measures: On Tuesday, Canada responded to the initial 25% tariffs imposed by the Trump administration by putting into effect retaliatory tariffs on a wide range of U.S. exports, including agricultural, food, textile and consumer products; on Thursday, it said it would keep those tariffs in place while suspending a second round of retaliatory tariffs until April 2.

• This week, China also announced additional duties: tariffs of 15%, effective March 10, on U.S. goods including chicken, wheat, corn and cotton. The country also announced a 10% tariff on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products from the U.S.