Is Your Product USMCA Compliant? Here’s What You Need to Know
Ensuring your products meet U.S.-Mexico-Canada Agreement (USMCA) requirements is essential for avoiding tariffs and maintaining a competitive edge in the marketplace. NMMA encourages members to review key compliance guidelines to determine whether their goods qualify for duty-free treatment under the agreement.
To verify compliance:
- Review the preferential rules of origin outlined in General Note 11(b), which details several ways a product may qualify for duty-free treatment.
- Consult Customs and Border Protection’s guidance on requirements to ensure your products meet necessary qualifications.
- Understand USMCA Certificate of Origin requirements to properly document compliance.
Failure to meet USMCA’s rules of origin can result in a 25% tariff on non-qualifying goods, significantly impacting costs. By taking proactive steps to confirm compliance, your business can avoid unnecessary expenses and ensure smooth cross-border trade.
For additional guidance, NMMA recommends reviewing official CBP resources and seeking expert consultation if needed. Stay informed and protect your bottom line by ensuring your products adhere to USMCA standards.
NMMA members who have questions related to USMCA compliance or potential impacts of tariffs on their business are encouraged to reach out to NMMA’s Senior Director of Public Policy, Clay Crabtree, at [email protected].