A1 Worldwide Logistics - International Shipping Company

The international shipping industry continues to feel the strain from trade wars, with Mexico imposing a 50% tariff. On December 10, Mexico’s congress agreed to hike tariffs on more than 1,400 imports from China and other Asian nations. Some of the goods subject to tax include automotive parts, steel, furniture, textiles, and plastics. Tariffs on most of these items, previously at 10%, will increase to 35%. Key manufactured goods, such as vehicles, will also see a larger 50% increase. After 75 votes in favor, five against, and 35 abstentions, the new bill will take place on January 1. These tariffs could significantly affect global trade, particularly the volume of goods imported into Mexico. Why Is Mexico Imposing A 50% Tariff? Mexico is imposing tariffs of up to 50% on imports for various reasons, including protecting domestic industries. The country aims to reduce its dependence on imports from countries without free trade agreements. Many of these importers are based in Asian c...

  On Monday, July 7, President Trump announced new tariffs for imports into the US after signing an executive order. In identical letters sent to various countries, Trump revealed that reciprocal tariffs would have varying amounts from the original numbers.  The executive order will also extend the 90-day extension deadline from July 9 to August 1 . Some countries, like Japan and Malaysia, will see an increase in rates from 24% to 25%. Other countries will see a decrease, like Laos, from 48% to 40%, and others, like Thailand, will remain the same. This article will explain the goal behind the tariff changes and what it could mean for US imports. Why Trump Announced New Tariffs For Imports President Trump’s goal in extending the tariff deadline is to give trading partners time to negotiate deals. The new rates are to maintain negotiating leverage by pressuring importing countries to finalize talks. Multiple reasons have been given for issuing the reciprocal tariffs, including a...