President Donald Trump has announced that he plans to impose a 5 percent tariff on all imported goods from Mexico beginning June 10, which would gradually increase until the flow of undocumented immigrants across the border stopped.
“If the illegal migration crisis is alleviated through effective actions taken by Mexico, to be determined in our sole discretion and judgment, the tariffs will be removed,” Trump reports in a government statement. “If the crisis persists, however, the tariffs will be raised to 10 percent on July 1, 2019.”
Trump adds that if Mexico does not reduce or eliminate the number of “illegal aliens crossing its territory into the United States” by these dates, tariffs will increase to 15 percent on Aug. 1, 20 percent on Sept. 1 and 25 percent on Oct. 1. He says tariffs will permanently remain at the 25 percent level “unless Mexico substantially stops the illegal inflow of aliens coming through its territory.”
Some recycling industry associations have started to respond to Trump’s latest tariff announcement.
“The U.S. plastics industry strenuously urges the Trump Administration to abandon its proposed plan to impose across-the-board tariffs on Mexico, one of our industry’s most important trading partners,” says Patty Long, interim president and chief executive officer of the Plastics Industry Association (PLASTICS) regarding the tariff announcement. “Not only would such tariffs cause immediate harm to the plastics supply chain, they would also jeopardize the ratification of the U.S.-Mexico-Canada Agreement (USMCA), which our industry is counting on as a basis for future growth and investment in North America.”
Recycling Today plans to look into details on this announcement.
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