As of this morning, President Trump remains committed to implementing the 25% tariff on imports from Canada and Mexico, effective March 4th. However, the situation continues to evolve, and as we have seen in the past, last-minute changes can occur.
If the tariffs go into effect as scheduled, De Minimis treatment will remain in place for both countries until adequate systems are in place to fully and expeditiously process and collect tariff revenue on these shipments.
We will continue to monitor developments closely and provide updates as they become available.