Yesterday (June 4), NAFTZ sent a letter to President Trump urging the inclusion of language in any Presidential Proclamation imposing additional duties on imports from Mexico to clarify how and when those duties would managed for FTZ merchandise. We understand and are very concerned about the impact that the proposed escalating tariffs would have on FTZ stakeholders. If we can’t stop the tariffs, we will try to have them managed in a way that would mitigate some of the problems we have seen for FTZ stakeholders in other trade actions.
Read the President’s official statement
About the National Association of Foreign-Trade Zones
NAFTZ is the voice of the U.S. Foreign-Trade Zones program, created by Congress in 1934 to help U.S.-based companies be more globally competitive; maintain U.S.-based activity and jobs; attract investment to American communities; and boost exports through special duty benefits and customs procedures. FTZs account for a significant portion of total U.S. trade – 5.6 percent ($87 billion) of U.S. goods exports and 10.7 percent (250.6 billion) of U.S. goods imports in 2017. Over 450,000 American workers are employed at FTZs in all fifty states and Puerto Rico.