10 Feb 2025
⚖️Executive Order Pauses Tariffs on Mexican Goods Amid Border Crisis
Progress on the Situation at Our Southern Border
Summary
Executive Order 14198 addresses the security threat posed by drug trafficking and illegal migration at the U.S.-Mexico border. It puts a temporary pause on proposed tariffs while evaluating Mexico's cooperative actions. The order emphasizes ongoing assessments of border issues and potential tariff implementations depending on future situations.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order imposes a pause on a 25% tariff on Mexican goods, depending on the Government of Mexico's actions regarding illegal migration and drug trafficking. This regulation directly affects trade agreements, compliance with tariffs, and could have financial implications for businesses engaged in cross-border trade.