News & Insights
Mexican Tariffs Avoided
President Trump announced Friday night that the threatened tariffs on Mexican goods scheduled to take effect o Monday, June 10, are “indefinitely postponed”.
Approximately 6,000 Mexican National Guard forces will be dispatched to help with immigration enforcement, with priority on Mexico’s southern border with Guatemala. Also, the Migrant Protection Protocols, known as MMP, that the United States and Mexico reached that allow the United States to return Central American migrants to Mexico while awaiting adjudication of their asylum hearings has been expanded. That process can take months and is currently under United States’ judicial scrutiny for its constitutionality.
President Trump wrote on Twitter that: “I am pleased to inform you that the United States has reached a signed agreement with Mexico. The tariffs scheduled to be implemented by the United States on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico and to our Southern Border.”
Mexico’s President Andres Manuel Lopez Obrador tweeted that: “Thanks to the support of all Mexicans, the imposition of tariffs on Mexica products exported to the United States was avoided.”
News & Insights
The following provides a snapshot of recent regulatory export and sanctions developments in case you happened to miss these key news items: OFAC Sanctions Key Players in Iran’s Oil Sector On October 26, 2020, the Treasury Department’s Office of Foreign
As has been anticipated by the U.S. export community since earlier this summer, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the Commerce Department’s Bureau of Industry and Security (“BIS”) just amended their respective regulations to implement President