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Fact Sheet: Trade and Tariff Impacts

July 14: President Trump announced over the weekend that a 30% tariff will be imposed on imports from the European Union and Mexico starting Friday, August 1. The new tariffs would replace existing 10% baseline tariffs on most European Union goods and the 25% tariff on non-U.S.-Mexico-Canada Agreement (USMCA) compliant Mexican goods. It’s not certain whether Mexico’s USMCA-compliant goods will continue to be exempt.
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Supply Chain Update – July 2025

Tariffs intensify as the Federal Reserve continues to hold rates and the trucking market slows.
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Commodity Update – July 2025

The United States ramps up metal tariffs while trading partners push to negotiate deals.
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