I don't see any encouraging signs.
As far as I can tell, this proclamation seems to contradict two previous proclamations. It doesn't comply with CUSMA. It imposes tariffs on the full finished product value, which conflicts with the proclamation imposing 50% tariffs on steel and aluminum. The effective rate is now much higher.
During Mr. Trump's first term, that tariff sparked legal challenges, and the U.S. stopped imposing it after CUSMA was ratified.
Are you in touch with your U.S. customers? How are they reacting? Are they planning to take the U.S. administration to court in response to the latest proclamation?
