Statement from the White House: Increase in Tariffs on Goods from Mexico
On May 30, the White House published a statement from the President regarding "Emergency Measures to Address the Border Crisis." Invoking the International Emergency Economic Powers Act, the President stated the following: "Starting on June 10, 2019, the United States will impose a 5 percent Tariff on all goods imported from Mexico. If the illegal migration crisis is alleviated through effective actions taken by Mexico, to be determined in our sole discretion and judgment, the Tariffs will be removed. If the crisis persists, however, the Tariffs will be raised to 10 percent on July 1, 2019. Similarly, if Mexico still has not taken action to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the United States, Tariffs will be increased to 15 percent on August 1, 2019, to 20 percent on September 1, 2019, and to 25 percent on October 1, 2019. Tariffs will permanently remain at the 25 percent level unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory." The complete statement may be viewed here. Janel is actively monitoring this situation and will provide updates as soon as they are available.
For assistance with reviewing potentially affected goods, questions or concerns regarding this matter, please reach out to your Janel Group account representative.