News & Events

On Thursday, The President of the United States announced its decision to impose a tariff of 5% on all imports from Mexico starting June 10th (invoking the authorities granted to him under the International Emergency Economics Powers Act). The new tariffs are meant to address the "emergency at the Southern border" created by influx Central American migrants. The U.S. is demanding that Mexico alleviate the migrant crisis. If the actions by Mexico are deemed insufficient, then tariffs will rise to 10% by July 1st, 15% by August 1st, and 25% by October 1st. The 25% will remain in place until Mexico substantially stops the illegal inflow of migrants coming through its territory.

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The office of the U.S. Trade Representative has released its third round of imported products from China that are now exempt from the Section 301 tariffs. These will be retroactive to July 6th 2018, some of the products included in this list are: ball bearings, electrical connections, counterweights and carriage apparatus for forklifts, stainless steel watercraft steering wheels, among others.

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President Trump told reporters on Thursday that he will give Mexico a 1 year warning to take the necessary measures to stop the flow of drugs and migrants into the U.S. The new threat, slapping tariffs on imports of cars from Mexico if this is not achieve. By making this remarks, the President is taking a less aggressive stance on the current border crisis, and for now the total sealed of the Southern Border is no longer an alternative.

The President did say that if tariffs don't work in achieving the objective, he would still consider closing the Southern border.

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CBP Commissioner announced yesterday that CBP is facing an unprecedented humanitarian and border security crisis all along the Southwest border. The increase in apprehensions is having a detrimental on CBP's primary border security mission. With resources in need, CBP is looking to re-assigned up to 750 CBP officers to aid the Border Patrol, which will have a direct impact on trade coming through the Southern border.

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A court decision announced yesterday reaffirms that the implementation of the Steel and Aluminum tariffs was done under lawful delegation of legislative authority. A group of steel importers had challenged the March 2018 measure arguing that Section 232 of the Trade Expansion Act of 1962 violated the constitutional doctrine of the separation of powers by delegating congressional powers to the president without an intelligible principle for doing so.

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President Trump made remarks today that the tariffs currently established on Chinese goods will remain in place for a substantial period of time. This is a measure to ensure China (if a deal is reach) adheres to the conditions currently under negotiations for the deal.

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Earlier this week, Homeland Security Officials launched a special task force to mitigate vulnerabilities within the commerce stream to reinforce our National Security. This new task force consists of different agencies working together to combat illicit commercial activities. The initial phase of this new measure was implemented in Detroit.

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Former CEO of Access USA Shipping has received the largest BIS penalty to ever be imposed on a civil case. The civil case reached a settlement for the man to pay $17 million for willful violations of the Bureau of Industry and Security regulations. The former CEO plead guilty on more than 160 counts of administrative violations of different types. This is a clear example of why companies need to have an internal program and ensure their employees at all levels are trained in all aspects of Export Regulations. Contact us and find out how we can help!

Business groups in the hundreds led by the U.S. Chamber of Commerce are uniting to form a coalition aimed at passing/ratifying the rewrite of the North American Free Trade Agreement. As we know, since the new agreement was signed by the President, it has face some resistance from the House Democratic party.

U.S. stocks surged Monday following President Trump's weekend announcement that he would delay raising tariffs on Chinese goods.

The Dow Jones Industrial Average jumped 165 points shortly after the markets opened and was up nearly 200 points by mid-morning. The S&P 500 rose 0.6 percent after the opening bell, and the Nasdaq composite added 0.8 percent. Both indexes continued to rise throughout the morning.

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