News & Insights
Tariffs To Be Imposed On All Mexican Goods In Attempt To Stem The Tide Of Undocumented Persons Crossing The Border Into The United States
On the evening of May 30, President Trump announced in a tweet that “. . . the United States will impose a 5% Tariff on all goods coming into our County from Mexico, Until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the immigration problem is remedied.”
In a statement made following the tweet, the President announced that if Mexico does not act and the crisis persists, tariffs will be increased monthly according to the following schedule:
- 5% on June 10
- 10% on July 1
- 15% on August 1
- 20% on September 1
- 25% on October 1.
The 25% tariff will remain in effect until Mexico substantially limits the flow of aliens going through its country to the United States. The President is exercising his authority under the Emergency Economic Powers Act of 1977 so the tariffs may be implemented quickly. A Federal Register notice providing additional detail is expected to be published before the tariffs are effected.
News & Insights
The Suspension of Hong Kong’s Special Trade Status Poses New Export, Sanctions and Import Compliance Requirements on U.S. Companies
On July 14, 2020, President Trump issued Executive Order 13936 formally suspending Hong Kong’s special trade status under U.S. law. Several weeks earlier, on May 27, 2020, the Department of State certified to Congress that Hong Kong is no longer
The following provides a snapshot of recent legislative and regulatory developments impacting imports into the United States in case you happened to miss these key news items: CBP Proposes Formal Continuing Education Requirement for Licensed Customs Brokers CBP issued an