Update – Tuesday, July 15:
According to a post from President Trump, Indonesia tariffs will be 19% rather than 32% following a deal struck with the country. Indonesian lauan, of particular importance for the RV industry, could become subject to this tariff, pending the results of the 232 investigation on imports of timber and lumber.
Update – Monday, July 14:
Mexico and the European Union (EU) are the latest objects of President Trump’s efforts to increase tariffs. This past weekend, President Trump uploaded letters to social media stating that products from Mexico and the EU will be subject to a tariff rate of 30% effective Aug. 1.
- For products from Mexico, we do not yet know whether this new rate is a reciprocal tariff rate or will replace the current so-called fentanyl tariffs of 25%. Also unknown at this point is whether articles that qualify as originating under the U.S.-Mexico-Canada Agreement, or USMCA, will be exempt from these tariffs. In the coming days, we may see U.S. Customs and Border Protection provide more guidance on these issues.
Update – Thursday, July 10:
President Trump announced Thursday his administration would impose a 35% tariff on all Canadian goods beginning next month. Trump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the upcoming tariffs.
- “If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump wrote to Carney. “These Tariffs may be modified, upward or downward, depending on our relationship with your Country.”
- The U.S. had previously imposed a 25% tariff on Canadian goods, though Trump later exempted products covered under the 2020 trade agreement struck between the U.S., Canada and Mexico. It’s unclear whether those exemptions will still apply as of Aug. 1.
To see a comprehensive list of what tariffs are currently enacted, view the RVIA’s tariff tracker chart, which provides an easy-to-read overview of tariff impacts by country.
