US | Customs
February 03, 2025
Mexico and U.S. Reach Last Minute Deal on Tariffs
Agreement to Delay Tariffs for 1 month Amid Border Security Deal
By TAXSPOC News Desk
In a significant diplomatic move, Mexican President Claudia Sheinbaum struck a deal with the Trump administration to delay the imposition of hefty tariffs on Mexican goods, originally scheduled to take effect on Tuesday. Under the agreement, Mexico will deploy 10,000 additional troops to assist in curbing the flow of migrants and illegal drugs across the U.S.-Mexico border.
TEMPORARY RELIEF FROM 25% TARIFFS
In exchange, Mexico will temporarily avoid the blanket 25% tariffs announced by President Trump on Saturday. Additionally, the U.S. has agreed to assist Mexico in stopping the illegal movement of firearms across the border. This agreement comes just two days after Trump also introduced similar tariffs against Canada and China, sparking concerns about potential disruptions to the global economy and causing turmoil in international stock markets.
About Authors:
LATAM | Tax Policy
How Regional Cooperation and Exchange of Information (EOI) are Driving Revenue Growth and Fairer Tax Systems.
US | Big 4
Job Cuts Hit Recently Hired and Promotion-Eligible Staff as PwC Adjusts to New Realities
UK | Transfer Pricing
Stakeholders are invited to review the draft legislation and submit their feedback by 11:59pm on 7 July 2025. The consultation follows a 2023 policy review and includes detailed supporting documents, such as explanatory notes and revised statements of practice
Egypt | Tax Policy
Through Its E-Commerce Tax Unit, the Egyptian Tax Authority Engages with Egypt’s Digital Economy and Unveils Legislative Reforms to Support Startups, Freelancers, and Non-Resident Platforms
US | Customs
Donald Trump announces sweeping new tariffs on international movie imports, calling foreign incentives a threat to U.S. film industry jobs and national security.
Egypt | VAT
Egyptian Tax Authority (ETA) Rolls Out a Transparent, Hassle-Free VAT System for Global Providers of Digital and Remote Services.
Italy | VAT
Italy Seeks Nearly €1 Billion in VAT payments from Meta, X, and LinkedIn, Targeting Transactions from 2015 to 2022
Egypt | Tax Policy
Fostering Trust, Partnership, and Business Confidence Through Fair and Efficient Tax Services
Reach your target audience
Contact us at hello@taxspoc.com