Just days after enforcing a 25% tariff on goods from Mexico, President Donald Trump has reversed course. Trump’s tariffs on Mexico went into effect at 12:01 a.m. Tuesday. As of Thursday morning, the president said he will delay the tax on goods under the United States–Mexico–Canada Agreement until April 2.
Texas's trade relationship with Mexico has supported hundreds of thousands of jobs and brought in billions in capital investment to the state.
The president said Mexico and Canada have failed to curb the flow of drugs into the U.S. after giving the countries 30 days to do so before enacting the tariffs.
President Donald Trump promised the tariffs he put on pause for Mexico and Canada will happen next month. He installed those sweeping 25% tariffs earlier this week.
The Perryman Group releases estimates of total economic costs Editor’s Note: The video above explains tariffs, but does not include information from the Perryman Group. We are working to set
Auto manufacturers and dealers anticipate the tariffs will drive up prices and stifle demand for new vehicles.
As President Donald Trump ordered to put a 25% tariff on goods in Mexico and Canada — with an additional 10% tariff on China — Houstonians could see price increases for goods that come from our foreign neighbors.
Concerns rise of a supply chain disruption in the auto parts industry following tariffs that went into effect this week on Mexico, Canada and China.
With tariffs now in effect, local rice farmers say they finally have a chance to compete with imported goods on grocery store shelves.