Following President Donald Trump’s latest tariff order on Thursday night, business executives worldwide have realized that shipments to the US market would now be subject to harsher taxes. President Trump slapped increased tariff rates on nations that did not secure updated trade agreements with the United States through an executive order. He presented a new framework for agreements with countries that were successful in negotiating updated conditions earlier in the week.
With fresh tariffs on over 90 nations, Trump’s action has now changed America’s commercial relationships globally. Mexico, another significant North American trade partner, received a 90-day respite, temporarily stopping additional penalties, while the White House increased tariffs on Canada from 25% to 35%.
According to Jaime Chamberlain, owner of Chamberlain Distributing, a fruit and vegetable firm based in Nogales, Arizona, his company imports millions of cartons of produce from Mexico annually.
The fact that the Mexican and American negotiators are remaining composed and cool-headed is truly extremely lucky for us,” he said on BBC Radio 4’s Today program. “Neither nation wants to make a mistake on this.
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