Richard Mojica Quoted on New Tariff Proposals in S&P Global
Subtitle
"New Tariffs on Canada, Mexico Could Add Pressure to U.S. Business, Consumer Costs"
Subtitle
"New Tariffs on Canada, Mexico Could Add Pressure to U.S. Business, Consumer Costs"
S&P Global
In this article, Richard Mojica discussed President-Elect Donald Trump's proposed 25 percent tariffs on all U.S. imports from Canada and Mexico, noting the potential violation of the United States-Mexico-Canada Agreement (USMCA). "A 25% tariff on all imports could potentially violate the UMCA, but Trump could override the agreement by declaring a national emergency and issuing an executive order invoking the International Emergency Economic Powers Act," Mojica said, adding that "[i]t signals that he's going to want changes to the USMCA, and it may expedite those changes as a result."