When the "tariff package" meets agricultural products, American farmers and Canadian fishermen may have to drink a glass of ice water to calm their nerves first.
The key points are highlighted: Starting from March 2025, the import costs of American beef, soybeans and Canadian canola oil will soar, and tariffs on some categories will double.
-
American Products(Effective March 10):
- 15% Crit Zone: Chicken, wheat, corn, cotton
- 10% Gentle Knife: Soybeans, pork, dairy products, fruits and vegetables, etc.
- Buffer period benefits: Goods shipped before March 10 and arriving at Hong Kong before April 12 will be spared
-
Canadian Products(Effective March 20):
- 100% Nuclear Bomb Grade: Rapeseed oil, peas, oil cake (yes, double it)
- 25% Precision Strike：Aquatic products, pork
A table to understand the impact of tariffs:
| Current taxation methods for commodities | Before the new tariffs take effect | After the new tariffs take effect (assuming the goods are subject to additional 10% tariffs) |
|---|---|---|
| duty free | 0% | 10% |
| Tax cuts | 10% | 20% |
| normal | 20% | 30% |
As the situation changes rapidly, please continue to monitor fedex.com for the latest information.
The bonded and tax reduction policies are temporarily safe, but the additional taxes will definitely not be discounted. For more details, please refer toFEDEX official websiteAfter all, when it comes to tariffs, things change faster than turning the pages of a book.
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