How are fentanyl-related tariffs impacting trade with China and Mexico?

Question

Accepted Answer

Fentanyl-Related Tariffs Show Significant Revenue Generation from China and Mexico

Fentanyl-related tariffs have generated substantial revenue, with China and Hong Kong contributing US$28.9 billion and Mexico adding US$5.7 billion. These tariffs are applied at different rates depending on compliance with trade agreements.
Tariffs on China and Hong Kong

Tariffs related to fentanyl trafficking on goods from China and Hong Kong are currently set at 10 percent. This rate represents a reduction from a previous 20 percent tariff. The collection from these tariffs reached US$28.9 billion.
Tariffs on Mexico

For Mexico, a 25 percent tariff is imposed on goods that do not comply with the United States-Mexico-Canada Agreement (USMCA). Trade under this specific tariff category generated US$5.7 billion. Canada also faces a 25 percent tariff on non-USMCA compliant goods, with a threatened additional 10 percent tariff, and has generated US$2 billion.

Reading history

Hide →

This history is cleared when the page is closed.

How are fentanyl-related tariffs impacting trade with China and Mexico?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends