No Tariffs! – U.S. and Mexico Reach Last-Minute Deal
On June 7th, Mexico and U.S. reached a last-minute deal to avoid the imposition of punitive tariffs on US imports from Mexico. We are pleased with the outcome of the negotiations because a possible trade war has been averted. Despite this, however, Prince Manufacturing is well-positioned to service its customers on both sides of the border no matter the outcome.
Mexico has agreed to U.S. demands that it tighten its southern border in order to stop the flow of Central Americans from crossing Mexico in order to enter the United States illegally . The deal suspends tariffs on imported Mexican goods that were scheduled to go into effect on Monday, June 10th.
In addition to acting against illegal immigration, Mexico has also agreed to act against human smuggling and trafficking organizations.
“The tariffs that had been scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended,” the President tweeted. “Mexico, in turn, has agreed to take strong measures to stem the tide of migration through Mexico, and to our Southern Border.”
Secretary Pompeo followed the President’s tweet with a statement:
“We would like to thank Mexican Foreign Minister Marcelo Ebrard for his hard work to negotiate a set of joint obligations that benefit both the United States and Mexico,” Secretary Pompeo said. “The United States looks forward to working alongside Mexico to fulfill these commitments so that we can stem the tide of illegal migration across our southern border and to make our border strong and secure.” As reported by CBS News.
Prince Manufacturing is pleased with the outcome of U.S.-Mexico negotiations and is committed to continuing the support of our customers on both sides of the border. If you have any questions or concerns please feel free to contact us.