Toronto, May31, 2019
U.S. President Donald Trump has threatened to impose escalating tariffs on all imports from Mexico to the U.S.. A 5%tariff will take effect on June10, 2019, with the rate increasing the first of each month until October 1, 2019, to a final rateof25%.
The tariffs will be reduced or removed if Mexico takes action to “reduce or eliminate the number of illegal aliens” crossing into the U.S., the White House said in a statement.
from the White House, issued May30, 2019, outlines the tariff structure along with detailed measures which must be implemented in order for the tariffs to be reduced orremoved.
We will provide updates as details are available.
For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext.213.