Leibowitz on Trade: Trump's New Tariffs on Mexico

Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington:

President Trump announced his intention to impose new tariffs on imports from Mexico on Thursday afternoon. Beginning June 10, 5 percent tariffs will be imposed on all imports of goods from Mexico. On the first of July, the tariffs will increase to 10 percent. On Aug. 1, they will rise to 15 percent; on Sept. 1, to 20 percent; and on Oct. 1, to 25 percent. There was no mention of any exceptions, exemptions or exclusions. The Presidential Proclamation has not yet been released.

Lewis Leibowitz

Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.