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
U.S. Commerce Department to Increase Maximum Civil Penalty Amounts on January 15th
As announced yesterday in the Federal Register, the maximum civil penalty amounts that may be assessed by the various bureaus, offices and agencies of the Department of Commerce will be adjusted upwards for inflation per the Federal Civil Penalties Inflation
U.S. Government Agencies Update Xinjiang Supply Chain Business Advisory
The U.S. Departments of State, Treasury, Commerce, Homeland Security, Labor and USTR urges businesses, individuals, investors, consultants, labor brokers, academic institutions, and research service providers to be aware of the significant reputational, economic, and legal risks of their involvement with operations, supply chains.
