President Donald Trump announced from the White House Monday that the 25% tariff on Mexico and Canada would go into effect March 4. Trump is also imposing an additional 10% tariff on imports from China, according to a report from CNBC.
“Mexico and Canada are major partners for the American RV industry. Canada is the largest international buyer of U.S.-made RVs. In 2024, the United States RV industry shipped 29,489 units to Canada, with an estimated wholesale value of $1.38 billion and an estimated retail value of $1.735 billion. The vast majority of RVs sold in Canada are proudly made in America,” according to a statement from the RV Industry Association (RVIA) sent to RV PRO yesterday afternoon.
“The Canadian government has already announced its intent to retaliate on U.S. RVs and additional retaliatory tariffs could be coming from Mexico. If implemented, these actions will have a chilling effect on RV sales in Canada, as well as cause significant supply chain impacts with largest trading partners,” the RVIA continued.
“The RV Industry Association Government Affairs team continues to engage with members of Congress and the administration on the potential impact to the RV industry and we hope that a solution can be found quickly.”
The RVIA Government Affairs team shares ongoing updates on the potential impact to the RV industry here.
During the weekend, the president issued executive orders deferring the elimination of de minimis treatment for goods from Canada and Mexico that are subject to International Emergency Economic Powers Act (IEEPA) tariffs pending notification by the Secretary of Commerce that “adequate systems are in place to fully and expeditiously process and collect tariff revenue applicable,” according to CNBC. These orders provide the same delay for de minimis shipments that was previously granted for de minimis shipments from China that are subject to the IEEPA tariffs.
For more on the latest tariffs developments, view these March 4 reports from outside news sources:
Trump’s Mexico Tariffs Could Raise Produce Prices in the Next Few Days, Target CEO Says
Stocks & Bond Yields Slip as Trump Tariffs Ignite New Trade Conflicts
