Listeners, welcome to the latest episode of Mexico Tariff News and Tracker, where we break down the latest developments on tariffs between the United States and Mexico, with a focus on what matters most for both countries’ economies.
The headline everyone is talking about this week is the impending 30% tariff on all imports from Mexico to the United States, set to take effect at 12:01 a.m. Eastern on August 1, under President Donald J. Trump’s “reciprocal trade” policy. The administration previously held off full implementation, enforcing a 10% tariff for 90 days while negotiating with trading partners. But Commerce Secretary Howard Lutnick confirmed this week that “no extensions will be granted”—this 30% rate is final unless a last-minute agreement is reached. President Trump echoed that message on Truth Social, stating all money will be due and payable starting August 1.
The stakes are considerable. Mexico is America’s second-largest trading partner, and the 30% tariff threatens to disrupt industries from auto manufacturing in Detroit to agriculture in Texas and border states. Mexican farmers are already feeling the impact: a 17% tariff on tomatoes, imposed just two weeks ago, is projected to cut tomato exports by as much as 10% according to trade experts. Watermelon and pecan producers, particularly in the state of Sonora, are worried about how a 30% across-the-board tariff will affect their livelihoods. If this deadline isn’t met with a new deal, experts and farmers agree the economic fallout could be immediate and severe.
Negotiations continue behind closed doors. Mexican President Claudia Sheinbaum confirmed her administration is working directly with U.S. officials, hoping to repeat her earlier success in delaying the tariffs through last-minute diplomacy. Sheinbaum stated that if a direct call with President Trump becomes necessary, she’s ready for that step, but as of now, no deal has been publicly announced.
On top of the economic risks, there’s also a major legal battle playing out in Washington, D.C. This week, the U.S. Court of Appeals for the Federal Circuit will hear arguments challenging Trump’s authority to unilaterally impose such tariffs under the International Emergency Economic Powers Act. Earlier this year, a court panel ruled these “reciprocal tariffs” exceeded presidential authority, but the administration appealed and tariffs remain in place for now. Legal experts say the case could go all the way to the Supreme Court, and the outcome could set a precedent for future tariff battles—not just with Mexico, but globally.
Meanwhile, in Mexico, changes to import duties are also causing a stir. Starting August 15, the Mexican government will increase the global duty rate on shipments brought in via courier from 19% to 33.5%. For goods imported from the U.S. and Canada, lower-value packages under $50 USD remain exempt from import duties, but rates and thresholds beyond that are increasing, adding even more friction and uncertainty for cross-border e-commerce and trade.
Listeners, no matter where you stand, these new tariffs and negotiations will shape both countries’ economies for years to come. Stay tuned for updates as the August 1 deadline approaches, and be sure to subscribe for real-time analysis and headlines.
Thank you for tuning in. This has been a quiet please production, for more check out quiet please dot ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
The headline everyone is talking about this week is the impending 30% tariff on all imports from Mexico to the United States, set to take effect at 12:01 a.m. Eastern on August 1, under President Donald J. Trump’s “reciprocal trade” policy. The administration previously held off full implementation, enforcing a 10% tariff for 90 days while negotiating with trading partners. But Commerce Secretary Howard Lutnick confirmed this week that “no extensions will be granted”—this 30% rate is final unless a last-minute agreement is reached. President Trump echoed that message on Truth Social, stating all money will be due and payable starting August 1.
The stakes are considerable. Mexico is America’s second-largest trading partner, and the 30% tariff threatens to disrupt industries from auto manufacturing in Detroit to agriculture in Texas and border states. Mexican farmers are already feeling the impact: a 17% tariff on tomatoes, imposed just two weeks ago, is projected to cut tomato exports by as much as 10% according to trade experts. Watermelon and pecan producers, particularly in the state of Sonora, are worried about how a 30% across-the-board tariff will affect their livelihoods. If this deadline isn’t met with a new deal, experts and farmers agree the economic fallout could be immediate and severe.
Negotiations continue behind closed doors. Mexican President Claudia Sheinbaum confirmed her administration is working directly with U.S. officials, hoping to repeat her earlier success in delaying the tariffs through last-minute diplomacy. Sheinbaum stated that if a direct call with President Trump becomes necessary, she’s ready for that step, but as of now, no deal has been publicly announced.
On top of the economic risks, there’s also a major legal battle playing out in Washington, D.C. This week, the U.S. Court of Appeals for the Federal Circuit will hear arguments challenging Trump’s authority to unilaterally impose such tariffs under the International Emergency Economic Powers Act. Earlier this year, a court panel ruled these “reciprocal tariffs” exceeded presidential authority, but the administration appealed and tariffs remain in place for now. Legal experts say the case could go all the way to the Supreme Court, and the outcome could set a precedent for future tariff battles—not just with Mexico, but globally.
Meanwhile, in Mexico, changes to import duties are also causing a stir. Starting August 15, the Mexican government will increase the global duty rate on shipments brought in via courier from 19% to 33.5%. For goods imported from the U.S. and Canada, lower-value packages under $50 USD remain exempt from import duties, but rates and thresholds beyond that are increasing, adding even more friction and uncertainty for cross-border e-commerce and trade.
Listeners, no matter where you stand, these new tariffs and negotiations will shape both countries’ economies for years to come. Stay tuned for updates as the August 1 deadline approaches, and be sure to subscribe for real-time analysis and headlines.
Thank you for tuning in. This has been a quiet please production, for more check out quiet please dot ai.
For more check out https://www.quietperiodplease.com/
Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Listeners, Welcome to the latest episode of Mexico Tariff News
and Tracker, where we break down the latest developments on
tariffs between the United States and Mexico with a focus
on what matters most for both countries' economies. The headline
everyone is talking about this week is the impending thirty
percent tariff on all imports from Mexico to the United States,
(00:21):
set to take effect at twelve oh one a m
Eastern on August first, under President Donald J. Trump's reciprocal
trade policy. The administration previously held off full implementation, enforcing
a ten percent tariff for ninety days while negotiating with
trading partners, but Commerce Secretary Howard Lettnik confirmed this week
(00:42):
that no extensions will be granted. This thirty percent rate
is final unless a last minute agreement is reached. President
Trump echoed that message on truth Social stating all money
will be due and payable starting August first. The stakes
are considerable. Mexico is America's second largest trading partner, and
(01:03):
the thirty percent tariff threatens to disrupt industries from auto
manufacturing in Detroit to agriculture in Texas and border states.
Mexican farmers are already feeling the impact. A seventeen percent
tariff on tomatoes, imposed just two weeks ago, is projected
to cut tomato exports by as much as ten percent,
(01:23):
according to trade experts. Watermelon and pican producers, particularly in
the state of Sonora, are worried about how a thirty
percent across the board tariff will affect their livelihoods. If
this deadline isn't met with a new deal, experts and
farmers agree, the economic fallout could be immediate and severe.
Negotiations continue behind closed doors. Mexican President Claudia Shinbaum confirmed
(01:47):
her administration is working directly with US officials, hoping to
repeat her earlier success in delaying the tariffs through last
minute diplomacy. Shinbaum stated that if a direct call with
President Trump becomes necessary, she's ready for that step, but
as of now, no deal has been publicly announced. On
top of the economic risks, there's also a major legal
(02:08):
battle playing out in Washington, d C. This week, the
US Court of Appeals for the Federal Circuit will hear
arguments challenging Trump's authority to unilaterally impose such tariffs under
the International Emergency Economic Powers Act. Earlier this year, a
court panel ruled these reciprocal tariffs exceeded presidential authority, but
(02:29):
the administration appealed and tariffs remain in place for now.
Legal experts say the case could go all the way
to the Supreme Court, and the outcome could set a
precedent for future tariff battles, not just with Mexico but globally. Meanwhile,
in Mexico, changes to import duties are also causing a stir.
Starting August fifteenth, the Mexican government will increase the global
(02:53):
duty rate on shipments brought in via courier from nineteen
percent to thirty three point five percent for goods and
reported from the US and Canada. Lower value packages under
fifty dollars USD remain exempt from import duties, but rates
and thresholds beyond that are increasing, adding even more friction
and uncertainty for cross border e commerce and trade listeners.
(03:16):
No matter where you stand, these new tariffs and negotiations
will shape both countries' economies for years to come. Stay
tuned for updates as the August first deadline approaches, and
be sure to subscribe for real time analysis and headlines.
Thank you for tuning in. This has been a quiet
please production. For more check out Quiet please dot ai
Listeners, Welcome to the latest episode of Mexico Tariff News
and Tracker, where we break down the latest developments on
tariffs between the United States and Mexico with a focus
on what matters most for both countries' economies. The headline
everyone is talking about this week is the impending thirty
percent tariff on all imports from Mexico to the United States,
(00:21):
set to take effect at twelve oh one a m
Eastern on August first, under President Donald J. Trump's reciprocal
trade policy. The administration previously held off full implementation, enforcing
a ten percent tariff for ninety days while negotiating with
trading partners, but Commerce Secretary Howard Lettnik confirmed this week
(00:42):
that no extensions will be granted. This thirty percent rate
is final unless a last minute agreement is reached. President
Trump echoed that message on truth Social stating all money
will be due and payable starting August first. The stakes
are considerable. Mexico is America's second largest trading partner, and
(01:03):
the thirty percent tariff threatens to disrupt industries from auto
manufacturing in Detroit to agriculture in Texas and border states.
Mexican farmers are already feeling the impact. A seventeen percent
tariff on tomatoes, imposed just two weeks ago, is projected
to cut tomato exports by as much as ten percent,
(01:23):
according to trade experts. Watermelon and pican producers, particularly in
the state of Sonora, are worried about how a thirty
percent across the board tariff will affect their livelihoods. If
this deadline isn't met with a new deal, experts and
farmers agree, the economic fallout could be immediate and severe.
Negotiations continue behind closed doors. Mexican President Claudia Shinbaum confirmed
(01:47):
her administration is working directly with US officials, hoping to
repeat her earlier success in delaying the tariffs through last
minute diplomacy. Shinbaum stated that if a direct call with
President Trump becomes necessary, she's ready for that step, but
as of now, no deal has been publicly announced. On
top of the economic risks, there's also a major legal
(02:08):
battle playing out in Washington, d C. This week, the
US Court of Appeals for the Federal Circuit will hear
arguments challenging Trump's authority to unilaterally impose such tariffs under
the International Emergency Economic Powers Act. Earlier this year, a
court panel ruled these reciprocal tariffs exceeded presidential authority, but
(02:29):
the administration appealed and tariffs remain in place for now.
Legal experts say the case could go all the way
to the Supreme Court, and the outcome could set a
precedent for future tariff battles, not just with Mexico but globally. Meanwhile,
in Mexico, changes to import duties are also causing a stir.
Starting August fifteenth, the Mexican government will increase the global
(02:53):
duty rate on shipments brought in via courier from nineteen
percent to thirty three point five percent for goods and
reported from the US and Canada. Lower value packages under
fifty dollars USD remain exempt from import duties, but rates
and thresholds beyond that are increasing, adding even more friction
and uncertainty for cross border e commerce and trade listeners.
(03:16):
No matter where you stand, these new tariffs and negotiations
will shape both countries' economies for years to come. Stay
tuned for updates as the August first deadline approaches, and
be sure to subscribe for real time analysis and headlines.
Thank you for tuning in. This has been a quiet
please production. For more check out Quiet please dot ai
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