U.S. IMPACT OF MEXICO TEXTILE TARIFF INCREASE
On December 20, 2024, Mexico terminated a program that previously allowed U.S. apparel and textile importers to avoid paying duties by utilizing Mexican warehouses as fulfillment hubs through the Manufacturing, Maquila, and Export Services Industry (Industria Manufacturera, Maquiladora y de Servicios de Exportación) “IMMEX” program. The Mexican government’s decree, announced [...]