Mexico is again bracing for the possibility of a hefty tariff on the goods it exports to the United States.
The country is just days away from President Donald Trump’s 30% tariff deadline, which he says will start on Aug. 1.
Mexican President Claudia Sheinbaum said she’s confident Mexico and the U.S. will come to an agreement.
“We’re doing everything we can so that it doesn’t go into effect,” Sheinbaum said. That includes finding ways to reduce trade deficits with the United States.
Mexico's export-heavy economy is largely reliant on trade with its northern neighbor — a reliance Sheinbaum is attempting to lessen by strengthening relationships with other trading partners and boosting domestic production.
Earlier this year, Mexico was able to successfully put off a 25% tariff after agreeing to send 10,000 additional Mexican National Guard troops to the border.
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The move comes after a nearly yearlong ban of Mexican cattle into the United States to protect against the New World screwworm parasite. -
The San Luis port of entry from Sonora, Mexico, is Arizona’s westernmost border crossing, and could see delays for four to five months starting later this month. -
No cases of the flesh-eating New World screwworm parasite have been reported in Arizona, but USDA’s Natural Resources Conservation Service in the state has recommendations for ranchers to protect against it. -
Mexican immigrants sent less money back to their country of origin last year, after 11 consecutive years of increased remittances, according to BBVA. Now, they appear to be increasing again. -
The U.S. Department of Agriculture says has confirmed the parasitic fly larva in a three-week-old calf in south Texas.
