Tag: Claudia Sheinbaum

Mexico’s Tariff Move on Apparel Imports Disrupts Supply Chains, Pushes Firms Toward Reshoring in the US

Christina Botteri

Just before Christmas, Mexico’s President Claudia Sheinbaum announced a significant increase in tariffs on textiles and apparel imports, along with the end of a “border-skipping” practice, which allowed U.S. e-commerce sellers to bypass tariffs on Chinese goods. The move – part of Mexico’s strategy to protect its own domestic textile industry and reduce reliance on Chinese imports – sent ripples through the global supply chain.

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U.S. Steelmakers Back Trump’s Tariff Plans amid Steep Foreign Competition

Daily Caller News Foundation
Trump and Steel Workers

Some U.S. steelmakers are supporting President-elect Donald Trump’s proposals to place tariffs on China, Mexico and other countries, according to The Wall Street Journal.

American steel companies are calling for Trump to reintroduce tariffs on steel from the U.K., Japan and the EU amid concerns of foreign competitors being involved in unfair market practices, according to The WSJ. Some U.S. steel executives were supportive of steel tariffs under the previous Trump administration, with some steelmakers saying the tariffs helped to boost profits, The WSJ reported.

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