
Impact of New U.S. Tariffs on the ITAD Industry
On February 1, 2025, President Donald Trump announced significant tariffs on imports from Canada, Mexico, and China, citing concerns over illegal immigration and drug trafficking. The tariffs include a 25 percent duty on imports from Canada and Mexico, a reduced 10 percent rate on Canadian energy products, and a 10% duty on imports from China. Agreements with Canada and Mexico suspended the tariffs against those countries for 30 days on Jan. 3.