Starting June 10 Mexico and U.S. lawmakers need to take steps to stop illegal immigration into the United States. Otherwise, the President threatens to increase tariffs up to 25% on Mexican imports.
If tariffs are imposed, the trucking industry will notice a hit according to the American Trucking Associations Chief Economist Bob Costello. About 32,000 US truckers move freight across the Southern border. This estimates to around $1.1 billion worth of cargo per day.
To read more, go to FreightWaves.