Implementation of Mexico Tariffs Still Unclear
The White House announced that beginning June 10th, 2019, the United States will impose a 5 percent tariff on all Mexican made goods until the “illegal migration crisis is alleviated through effective actions taken by Mexico, to be determined in our sole discretion and judgment…” Further, if Mexico does not take action to resolve the migration, these tariffs will increase by 5 percent on the first of each month until the tariffs reach 25%.
There has not yet been a formal announcement from U.S. Customs and Border Protection (CBP) on how the tariffs will be implemented. National Customs Brokers & Forwarders Association of America (NCBFAA) sent a letter to Nancy Pelosi asking for the tariffs to be stopped. Many industry groups have also voiced their dissent.
We will continue to update this story as we draw closer to the proposed implementation date. If you are not currently signed up for eNews, you can do so here.