Trump floats higher tariffs to replace income tax
“Trump has for some time proposed an across-the-board 10% increase in tariffs for imports, but his comments implied far, far heavier trade duties that would likely be passed on to consumers.”
[Huffpost]
U.S. trade groups request extension to comment on tariffs on Chinese imports
“The coalition, organized under the ‘Americans For Free Trade’ umbrella, has asked for an additional 30 days, effectively delaying the August 1 start date for many of these duties. “
[CBT News]
Mexican customs to inspect packages valued under 2500 pesos
“The tax authority noted a significant increase in import trade via e-commerce platforms and cross-border logistics, with some sellers, e-commerce platforms, and logistics companies involved in cross-border e-commerce trade evading tax obligations and violating tax regulations, raising concerns of smuggling and tax evasion.”
[EqualOcean]
U.S. suspends avocado, mango inspections in Mexican state on security concerns
“The spokesperson said Mexican exports from the western state of Michoacan have not been blocked, and avocados and mangos already in transit would not be affected by the suspension of inspections, which would be paused ‘until further notice.’”
[Reuters]
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