On May 30, in an effort to address differences on immigration policy between U.S. and Mexico, the Trump administration announced the imposition of a 5-percent tariff on all goods imported from Mexico effective June 10. According to a statement from the White House, tariffs will increase in 5-percent increments on a monthly basis, reaching 25 percent unless “the illegal migration crisis is alleviated through effective actions taken by Mexico, to be determined in our sole discretion and judgment.” If the Mexican government’s response does not satisfy the Trump administration, tariffs will be increased according to the following schedule:
- 10 percent on July 1
- 15 percent on Aug. 1
- 20 percent on Sept. 1
- 25 percent on Oct. 1
The Security Industry Association (SIA) stands with leaders of the U.S. business community in strongly opposing the Trump administration’s decision to impose blanket tariffs on Mexican imports.
Don Erickson, CEO of SIA, issued the following statement:
“At a time when the security industry is experiencing significant growth and a favorable business climate, imposing tariffs on Mexican imports is the wrong policy for our nation and our industry. Mexico is a strong trading partner, especially for our industry, and the burden of these tariffs will be felt by consumers and small businesses through increased costs on goods originating in Mexico. Rather than impose new tariffs on goods imported from Mexico, we encourage the Trump administration to work closely with Congress to ensure approval of the United States-Mexico-Canada Agreement.”