Many companies are reassessing their duty exemption strategies under the United States-Mexico-Canada Agreement (USMCA) following the recent suspension of a 25% tariff by the Trump administration, which affects a significant portion of imports from Mexico and Canada. This pause allows businesses to potentially achieve greater savings and encourages them to evaluate their product mixes for USMCA compliance. Compliance involves internal analysis and may require documentation to meet regional value content requirements. Increased interest in USMCA compliance is evident, with many companies seeking to navigate these changes effectively.

Source: https://www.supplychaindive.com/news/trump-tariffs-usmca-compliance/742859/