By: Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

In an Executive Order issued from the White House and a CSMS message from US CBP, on July 31st, the IEEPA Fentanyl/Border Tariff for Canada is increasing from 25% to 35% effective August 1st.

USMCA qualifying goods are still exempt from the 35% IEEPA Fentanyl/Border duties.

Goods found by US CBP to have transshipped to evade the 35% tariff will be subject to a 40% tariff and any associated fines or penalties.

We will continue to monitor the situation and provide updates as they become available. Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.