U.S. Administration threatens U.S.-Mexico Border Closure
The U.S. administration has threatened to shut down the border between the U.S. and Mexico, citing overwhelming illegal immigration. This comes as the U.S., Mexico, and Canada are in the midst of negotiating the new USMCA trade agreement.
A closed border could have significant impacts on the economies of both nations, stopping, on average, $950 million in imports and $725 million in exports, totaling $1.7 billion, from crossing each day. A particular point of concern for the logistics and freight industry is the potential disruption to the supply chain. With the border closed, many shippers and forwarders will need to seek air freight, rather than the usual truck freight, for their shipments headed across the border – likely increasing costs.
Trans-Border will monitor the situation closely and keep our customers apprised of any critical updates that may affect their merchandise. If you have any questions in the meantime, please reach out to Bill Carey, Import Compliance Manager, at email@example.com or give us a call at (800) 493-9444.