President Trump said he would be “implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff,” according to a release from the White House over the weekend.
Today, however, President Donald Trump said he agreed to “immediately pause” tariffs on Mexico for a month after a conversation with the country’s president Claudia Sheinbaum, who he said will send 10,000 soldiers to the border with the US, reported CNN. “This comes as Trump is set to hold another call with Canada’s Prime Minister Justin Trudeau later today as tariffs to that country still loom.”
The tariffs were set to go into effect on Tuesday, February 4. The cause for the tariffs, according to the White House, is “halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.” The release states that the tariffs will remain in place until the “crisis is alleviated.”
NACS and others in the fuel supply chain have been seeking an exemption from tariffs for crude oil and refined products and will continue to work to mitigate the impact of tariffs on the U.S. fueling industry.
Last week, NACS, along with NATSO, SIGMA, EMA, NEFI and NPGA, sent a joint industry letter to the Trump administration regarding oil tariffs to the White House and Treasury Department.
The letter stated:
The undersigned organizations—whose industries together represent more than 90% of all motor fuel sales, and nearly all heating oil and propane sales, in the United States—write to express our deep concern with the potential imposition of tariffs on crude oil and other imported petroleum products, the international trade of which is critical to domestic affordability, security and growth.
As the Trump Administration develops its tariff posture toward U.S. trade partners, we respectfully urge its consideration of these economy-wide implications and ask that it maintain a stable, predictable, tariff-free trade of petroleum products.
Canada has implemented retaliatory tariffs, while Mexico is expected to do so today. President Trump will meet with representatives from both countries later today.
According to Fox News, President Trump is weighing tariffs against the EU as well.
Read more coverage from CNN, Fox News, and the Associated Press.