IEEPA Tariff Hike for Canada, USMCA Exemptions, and New Reciprocal Rates

TARIFF UPDATE: Effective today, IEEPA illicit drug tariffs for Canada increased to 35%—with USMCA-compliant goods remaining exempt. Plus, new U.S. reciprocal tariff rates (excluding China) go into effect on August 7. Until then, the baseline reciprocal tariff will remain at 10% for all countries. To help navigate these updates, our U.S. Reciprocal Tariff Tracker provides a detailed overview of the new rates taking effect next week 🡪 http://ms.spr.ly/6040sKEyw