7 Feb 2025
⚖️Executive Order 14194
Imposing Duties To Address the Situation at Our Southern Border
Summary
Executive Order 14194 aims to impose a 25% ad valorem duty on Mexican products in response to issues at the southern border. The order cites failed cooperation from the Mexican government in combatting drug trafficking and illegal immigration as justifications for these tariffs. It signals a national emergency and outlines measures for enforcement and potential escalations if Mexico does not address these concerns adequately.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order imposes a 25% tariff on products from Mexico, which will impact businesses importing these goods by increasing costs. It mandates compliance with new customs regulations and may lead to retaliatory measures affecting exports, creating business instability.