Tariffs
Tariffs are confusing. A stew of rates, exemptions, postponements, new rules, inadequate customs management and strict country of origin questions have made the simple act of seeing your dollar go further by purchasing from Canada fraught with unwarranted worry.
Fact: All our YKK products come from production facilities in Montreal and Georgia so are 100% Made in Canada and/or Made in the USA.
Effective May 2, President Donald Trump imposed a 25% tariff on products entering the Canada, but said items under CUSMA (USMCA to Americans) would still be bound by that agreement.
So what does that mean today?
- Canadians buying from Canadian shops have nothing to worry about.
- US customers may be charged a 25% import tariff by US border services even though our goods are made in Canada or the States. That decision seems to vary with each parcel, according to border service reports.
- Down the road, the president has stated his intention to negate the $800 de minimus import exemption that US residents currently enjoy, to stop the flow of inexpensive parcels to Americans from all countries and by all means of import.
(vmay0515rb)