Talk of federal tariffs has been inescapable over the past few months - mainly in relation to the U.S. trade war with China. New talk of a tariff on Mexican products has been added to the mix. President Trump announced, effective June 10, the U.S. will impose a 5% tariff on all goods imported from Mexico. The tariff is set to increase to 25% by October if Mexico does nothing to halt “its illegal flow of aliens to the U.S.” The proposal of a 5% tariff on Mexican goods, and the potential for it to increase to 25% over the next several months, has shippers worried about what this could mean for their businesses.
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Topics: Transportation Industry, Economy