Universal Electronics (UEI) CEO Paul Arling was “a little surprised -- unpleasantly surprised” -- to learn of President Donald Trump's threat to impose tariffs on Mexican imports (see 1905310014) just as the company is shifting "a good percentage” of production from China to Monterrey, Mexico, to escape the Section 301 tariffs on Chinese goods, he told an investor conference Tuesday.

Tariffs on Mexican imports would have a profound impact on the U.S. TV business if the Trump administration were to make good on its threat to impose 25 percent duties by Oct. 1 (see 1905310044), suggests our analysis of International Trade Commission import data. ITC statistics show the monetary fallout from 25 percent duties on finished TVs imported from Mexico could possibly exceed that of the threatened 25 percent Section 301 List 4 tariffs on TVs from China, even though China ships many more TVs to the U.S. than Mexico does.

Members of Congress are hoping that President Donald Trump won't follow through with his threat, but are also talking about how they might respond if he does impose 5 percent tariffs on all Mexican imports.

Tariffs on Mexican imports would have a profound impact on the U.S. TV business if the Trump administration were to make good its threat to impose 25 percent duties by Oct. 1 (see 1905310014), suggests our analysis of International Trade Commission import data. ITC statistics show the monetary fallout from 25 percent duties on finished TVs imported from Mexico could possibly exceed that of the threatened 25 percent Section 301 List 4 tariffs on TVs from China, even though China ships many more TVs to the U.S. than Mexico does.

So grave would be the "ripple effect" damage to Americans if President Donald Trump makes good on his threat to impose tariffs on Mexican imports that the U.S. Chamber of Commerce won’t rule out mounting a legal challenge to block the duties, said the business group’s chief policy officer. "We have no choice but to explore every option available to push back,” Executive Vice President Neil Bradley told journalists Friday. To stem the influx of migrants at the southern border, Trump will use authority under the 1977 International Emergency Economic Powers Act (IEEPA) to impose 5 percent tariffs on Mexican imports starting June 10, the president said. “If the crisis persists,” he would hike the duties to 10 percent July 1, 15 percent Aug. 1, 20 percent Sept. 1, and 25 percent Oct. 1.

President Donald Trump tweeted over the weekend, "Mexico is sending a big delegation to talk about the Border. Problem is, they’ve been 'talking' for 25 years. We want action, not talk. They could solve the Border Crisis in one day if they so desired. Otherwise, our companies and jobs are coming back to the USA!"

The Trump administration, furious that Central American migrant asylum seekers continue to stream to the U.S., says that unless Mexico can "dramatically reduce or eliminate the number of illegal aliens" coming to the U.S., it will levy tariffs on all Mexican imports, starting June 10. The tariff will begin at 5 percent, go to 10 percent on July 1, and then increase by 5 percent each month until it reaches 25 percent on Oct. 1.

So grave would be the "ripple effect" damage to Americans if President Donald Trump makes good on his threat to impose tariffs on Mexican imports that the U.S. Chamber of Commerce won’t rule out mounting a legal challenge to block the duties, said the business group’s chief policy officer. "We have no choice but to explore every option available to push back,” Executive Vice President Neil Bradley told journalists Friday. To stem the influx of migrants at the southern border, Trump will use authority under the 1977 International Emergency Economic Powers Act (IEEPA) to impose 5 percent tariffs on Mexican imports starting June 10, the president said. “If the crisis persists,” he would hike the duties to 10 percent July 1, 15 percent Aug. 1, 20 percent Sept. 1, and 25 percent Oct. 1.

So grave would be the "ripple effect" damage to Americans if President Donald Trump makes good on his threat to impose tariffs on Mexican imports that the U.S. Chamber of Commerce won’t rule out mounting a legal challenge to block the duties, said the business group’s chief policy officer. The tariffs would have “such a negative impact for the American economy and American families, we have no choice but to explore every option available to push back,” Executive Vice President Neil Bradley told journalists Friday.

The U.S. Chamber of Commerce said it is considering suing the Trump administration over its use of the International Emergency Economic Powers Act to levy tariffs on all Mexican imports beginning June 10. The administration said it will start at 5 percent, and if Mexico does not do more to stem the flow of Central American migrants to the U.S., it will raise that tariff to 10 percent July 1, then increase it by 5 percent each month until it reaches 25 percent Oct. 1.