U.S. delays new tariffs on Mexican imports, easing trade concerns in Laredo
financialpost.com — February 4, 2025, 08:00 PM UTC
The U.S. has delayed new tariffs on Mexican imports by a month, easing immediate concerns in Laredo, Texas, the largest U.S. trade hub. Businesses had rushed to move cargo before the tariffs were set to take effect. The tariffs, initially planned at 25%, had also caused chaos in Canada. Companies are now reassessing their supply chains amid ongoing uncertainty about future trade policies. Laredo's economy heavily relies on cross-border trade, with significant imports and exports. Local officials express concern that long-term tariffs could harm jobs and disrupt established supply chains.