Tariffs on All Imports from Mexico to Begin June 10 (From Sandler Travis)
On the evening of May 30, in an effort to push Mexico to address immigration issues, the White House announced that a 5% tariff will be imposed on goods from Mexico effective June 10. If Mexico’s response is not deemed sufficient, tariffs will be increased according to the following schedule:
-10% on July 1;
-15% on August 1;
-20% on September 1;
-25% on October 1.
Rates will remain at 25% thereafter until Mexico “substantially stops the illegal inflow of aliens coming in through its territory.” …Similar to previous tariff actions by this administration, we anticipate this action to mean additional tariffs on top of existing rates of duty, including NAFTA qualifying goods. For more info, please go to
https://www.strtrade.com/news-news-tariffs-Mexico-All-Imports-053119.html?mkt_tok=eyJpIjoiTWpoaVpHVTRNbU5pTVRjNSIsInQiOiJvTnhaMmNJc0F4VUpVTEhUdUhXVHZXSkF2NHBjdWhqYVp6VmpFa0cxeHdrOFdTTXJrUkoyVlFXMjVTeGpwQVVyaHdBNjhCbnZHMDFpTDJqaHYyamp5Zkw5WHJQK2YzWlF5XC9rN216VnFkNUpJWG5xWnZWMEFiUSs4dVpqcDBFWEUifQ%3D%3D
Contact us with any questions.
Lee Hardeman LeeH@LHCB.com Direct: 404-477-3452
Sandy Cato SandyC@LHCB.com Direct: 404-477-3454
If you do not wish to continue to receive our newsletter, please email me at leeh@lhcb.com and put “Unsubscribe” in the subject line.