Update 3/6/2025: President Trump said on social media that most Mexican goods compliant with the North American free trade agreement will be exempt from the tariffs until April 2, according to NBC. The exemption may also apply to Canadian goods.
After announcing new 25% tariffs on products from Canada and Mexico in February and then pausing them due to temporary agreements, the White House said it is going forward with them. According to NPR, tariffs on Chinese goods were also boosted by another 10% for a total of 20%.
According to the White House, the tariffs will go into effect today, March 4, because the countries did not “adequately address” cartel activity.
A few major U.S. solar suppliers will be affected by these new tariffs on Canada and Mexico, including solar panel manufacturers Heliene, Silfab, Maxeon and Hoymiles.
Canada has since announced retaliatory 25% tariffs on $30 billion of American goods immediately, and an additional $125 billion of goods in 21 days.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas, and cars, and potentially lose thousands of jobs,” said Canadian Prime Minister Justin Trudeau, in a press statement. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.”
Solar Power World will update this story as news breaks
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