INCREASED TARIFF ON EXPORTS FROM MEXICO
TOC LOGISTICS INTERNATIONAL INC. would like to provide the following update regarding Mexico exports:
The White House announced May 30th that unless Mexico takes immediate steps to stop illegal immigration into the US, a 5% tariff will apply to all products exported from Mexico beginning June 10th. This tariff will increase by 5% each following month, to a maximum of 25% on October 1st, unless Mexico “substantially stops” the flow of migrants at the southern border. These tariffs will supersede any duty free treatment currently provided under NAFTA. US Customs and Border Protection has not yet announced specific implementation measures, but we will follow up when this occurs.
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