Listeners, welcome to Mexico Tariff News and Tracker. Today’s top headline: the United States is on the verge of imposing a major new 30 percent tariff on all Mexican goods, set to take effect August 1st. President Donald Trump sent a letter to Mexico’s President Claudia Sheinbaum earlier this month stating, “starting August 1, 2025, we will charge Mexico a Tariff of 30% on Mexican products sent into the United States, separate from all Sectoral Tariffs.” This action goes beyond previously targeted tariffs on specific sectors like steel, aluminum, vehicles, and auto parts, and would now apply broadly to nearly all Mexican exports, including critical produce and manufactured goods.
President Sheinbaum addressed the issue at her press conference yesterday, telling reporters her government is doing “everything” it can to stop these new duties. Sheinbaum highlighted ongoing talks between her team and U.S. officials, including the secretaries of commerce and treasury, and said they’ve submitted proposals focused on the so-called Plan México and ways to reduce the U.S. trade deficit without harming Mexico’s economy. She remains hopeful that an agreement can be reached and is willing to speak directly with Trump if needed, but for now, both governments remain in tense, last-minute negotiations. According to Mexico News Daily, Sheinbaum also pointed out a 54 percent drop in fentanyl seizures at the U.S. border during her term, underlining efforts to meet one of the U.S.’s stated motivations for the tariffs.
Despite optimistic diplomacy, Bloomberg and BDO both report that business and political leaders across North America are bracing for impact. The United States last exercised similar broad tariffs in early February, raising import duties on a range of goods from Mexico and Canada by 25 percent, with no exemptions for goods qualifying under the USMCA. That earlier round of tariffs had disastrous consequences for regional supply chains, and many in the manufacturing, agriculture, and retail sectors fear this time could be even worse. Ed Hirs, an economist at the University of Houston, told the San Antonio Current that tariffs jumping to 30 percent are “devastating to U.S.-Mexico trade” and will force tough decisions throughout industries dependent on tightly integrated cross-border supply chains.
In Texas alone, nearly $281 billion in annual trade with Mexico could be affected, with the Texas International Produce Association warning that a 30 percent tariff would fundamentally upend the industry and send shockwaves through consumer markets from grocery stores to manufacturing. While most Mexican goods were temporarily exempt from tariffs after a March agreement, President Trump’s latest letter to President Sheinbaum makes clear that this protective grace period ends on August 1.
Listeners, with less than a week until the new tariffs are set to take effect, governments and businesses are racing to find common ground. We’ll keep tracking every development right here.
Thank you for tuning in. Remember to subscribe for the latest updates. 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
President Sheinbaum addressed the issue at her press conference yesterday, telling reporters her government is doing “everything” it can to stop these new duties. Sheinbaum highlighted ongoing talks between her team and U.S. officials, including the secretaries of commerce and treasury, and said they’ve submitted proposals focused on the so-called Plan México and ways to reduce the U.S. trade deficit without harming Mexico’s economy. She remains hopeful that an agreement can be reached and is willing to speak directly with Trump if needed, but for now, both governments remain in tense, last-minute negotiations. According to Mexico News Daily, Sheinbaum also pointed out a 54 percent drop in fentanyl seizures at the U.S. border during her term, underlining efforts to meet one of the U.S.’s stated motivations for the tariffs.
Despite optimistic diplomacy, Bloomberg and BDO both report that business and political leaders across North America are bracing for impact. The United States last exercised similar broad tariffs in early February, raising import duties on a range of goods from Mexico and Canada by 25 percent, with no exemptions for goods qualifying under the USMCA. That earlier round of tariffs had disastrous consequences for regional supply chains, and many in the manufacturing, agriculture, and retail sectors fear this time could be even worse. Ed Hirs, an economist at the University of Houston, told the San Antonio Current that tariffs jumping to 30 percent are “devastating to U.S.-Mexico trade” and will force tough decisions throughout industries dependent on tightly integrated cross-border supply chains.
In Texas alone, nearly $281 billion in annual trade with Mexico could be affected, with the Texas International Produce Association warning that a 30 percent tariff would fundamentally upend the industry and send shockwaves through consumer markets from grocery stores to manufacturing. While most Mexican goods were temporarily exempt from tariffs after a March agreement, President Trump’s latest letter to President Sheinbaum makes clear that this protective grace period ends on August 1.
Listeners, with less than a week until the new tariffs are set to take effect, governments and businesses are racing to find common ground. We’ll keep tracking every development right here.
Thank you for tuning in. Remember to subscribe for the latest updates. 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
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Listeners, Welcome to Mexico Tariff News and Tracker today's top headline.
The United States is on the verge of imposing a
major new thirty percent tariff on all Mexican goods, set
to take effect August first. President Donald Trump sent a
letter to Mexico's President Claudia Shinbaum earlier this month, stating,
(00:20):
starting August first, twenty twenty five, we will charge Mexico
a tariff of thirty percent on Mexican products sent into
the United States, separate from all sectoral tariffs. This action
goes beyond previously targeted tariffs on specific sectors like steel, aluminum, vehicles,
and auto parts, and would now apply broadly to nearly
(00:42):
all Mexican exports, including critical produce and manufactured goods. President
Shinbaum addressed the issue at her press conference yesterday, telling
reporters her government is doing everything it can to stop
these new duties. Shinebaum highlighted ongoing talks between her team
in US officials, including the Secretaries of Commerce and Treasury,
(01:05):
and said they've submitted proposals focused on the so called
Planned Mexico and ways to reduce the US trade deficit
without harming Mexico's economy. She remains hopeful that an agreement
can be reached and is willing to speak directly with
Trump if needed, but for now, both governments remain intense
last minute negotiations, according to Mexico News Daily. Scheinbaum also
(01:28):
pointed out a fifty four percent drop in fentannel seizures
at the US border during her term, underlining efforts to
meet one of the US's stated motivations for the tariffs.
Despite optimistic diplomacy, Bloomberg and Bdo both report that business
and political leaders across North America are bracing for impact.
The United States last exercised similar broad tariffs in early February,
(01:51):
raising import duties on a range of goods from Mexico
and Canada by twenty five percent, with no exemptions for
goods qualifying under the USMC. That earlier round of tariffs
had disastrous consequences for regional supply chains, and many in
the manufacturing, agriculture, and retail sectors fear this time could
be even worse. Ed Hearst, an economist at the University
(02:15):
of Houston, told the San Antonio Current that tariffs jumping
to thirty percent are devastating to US Mexico trade and
will force tough decisions throughout industries dependent on tightly integrated
cross border supply chains. In Texas alone, nearly two hundred
and eighty one billion dollars in annual trade with Mexico
(02:35):
could be effected, with the Texas International Produce Association warning
that a thirty percent tariff would fundamentally up end the
industry and send shockways through consumer markets from grocery stores
to manufactory. While most Mexican goods were temporarily exempt from
tariffs after a March agreement, President Trump's latest letter to
(02:56):
President Shinbaum makes clear that this protective grace period ends
on August first. Listeners, with less than a week until
the new tariffs are set to take effect, governments and
businesses are racing to find common ground. We'll keep tracking
every development right here. Thank you for tuning in. Remember
to subscribe for the latest updates. This has been a
(03:17):
quiet Please production For more check out Quiet Please dot
a I
Listeners, Welcome to Mexico Tariff News and Tracker today's top headline.
The United States is on the verge of imposing a
major new thirty percent tariff on all Mexican goods, set
to take effect August first. President Donald Trump sent a
letter to Mexico's President Claudia Shinbaum earlier this month, stating,
(00:20):
starting August first, twenty twenty five, we will charge Mexico
a tariff of thirty percent on Mexican products sent into
the United States, separate from all sectoral tariffs. This action
goes beyond previously targeted tariffs on specific sectors like steel, aluminum, vehicles,
and auto parts, and would now apply broadly to nearly
(00:42):
all Mexican exports, including critical produce and manufactured goods. President
Shinbaum addressed the issue at her press conference yesterday, telling
reporters her government is doing everything it can to stop
these new duties. Shinebaum highlighted ongoing talks between her team
in US officials, including the Secretaries of Commerce and Treasury,
(01:05):
and said they've submitted proposals focused on the so called
Planned Mexico and ways to reduce the US trade deficit
without harming Mexico's economy. She remains hopeful that an agreement
can be reached and is willing to speak directly with
Trump if needed, but for now, both governments remain intense
last minute negotiations, according to Mexico News Daily. Scheinbaum also
(01:28):
pointed out a fifty four percent drop in fentannel seizures
at the US border during her term, underlining efforts to
meet one of the US's stated motivations for the tariffs.
Despite optimistic diplomacy, Bloomberg and Bdo both report that business
and political leaders across North America are bracing for impact.
The United States last exercised similar broad tariffs in early February,
(01:51):
raising import duties on a range of goods from Mexico
and Canada by twenty five percent, with no exemptions for
goods qualifying under the USMC. That earlier round of tariffs
had disastrous consequences for regional supply chains, and many in
the manufacturing, agriculture, and retail sectors fear this time could
be even worse. Ed Hearst, an economist at the University
(02:15):
of Houston, told the San Antonio Current that tariffs jumping
to thirty percent are devastating to US Mexico trade and
will force tough decisions throughout industries dependent on tightly integrated
cross border supply chains. In Texas alone, nearly two hundred
and eighty one billion dollars in annual trade with Mexico
(02:35):
could be effected, with the Texas International Produce Association warning
that a thirty percent tariff would fundamentally up end the
industry and send shockways through consumer markets from grocery stores
to manufactory. While most Mexican goods were temporarily exempt from
tariffs after a March agreement, President Trump's latest letter to
(02:56):
President Shinbaum makes clear that this protective grace period ends
on August first. Listeners, with less than a week until
the new tariffs are set to take effect, governments and
businesses are racing to find common ground. We'll keep tracking
every development right here. Thank you for tuning in. Remember
to subscribe for the latest updates. This has been a
(03:17):
quiet Please production For more check out Quiet Please dot
a I
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