Ascent Global Logistics Blog

Ascent__mount_icon-1.png

Mexico Tariffs Suspended "Indefinitely"

Posted by Ascent Global Logistics on Jun 12, 2019 4:06:56 PM

International Trade News: U.S. and Mexico Have Reached a Deal, Suspending Tariffs "Indefinitely"

The proposed additional five percent tariffs on goods from Mexico that were set to go into effect on June 10, 2019 have been "indefinitely suspended" due to a deal between the U.S. and Mexico, which occurred on Friday, June 7, 2019. According to the U.S. Department of State, the U.S. and Mexico will commit to strengthening bilateral cooperation and implementing Migrant Protection Protocols. 

Discussions between both parties will continue and, if additional terms are necessary, are to be completed and announced within 90 days.

The U.S. and Mexico have reiterated their December 18, 2018 statement that "both countries recognize the strong links between promoting development and economic growth in southern Mexico and the success of promoting prosperity, good governance and security in Central America." 

If you have questions, please contact us or reach out to your Ascent Global Logistics representative directly. 

Topics: International Freight Forwarding, Tariffs, International Trade

Helping You Reach New Heights in Logistics

Our Focus

We are focused on innovation, continuous education, custom solutions and highly individualized service.

Our Culture

We are your partners. Our team is committed to supporting you during every step of your journey to logistics success.

Our Mission

We are driven to be your go-to logistics team. Together we will optimize your logistics performance to accelerate growth.

Subscribe to Email Updates

Recent Posts