US and Mexico officials Wednesday resolved a cross-border long haul trucking trucking dispute that will life punitive tariffs on about $2.4 billion in US products. The agreement ends a ban on Mexican trucks entering the US that lasted nearly two decades. Within ten days, Mexico will cut punitive customs duties in half and remove all duties by the end of the summer.
The agreement will bolster trade across the border for manufacturing and agricultural goods while also increasing safety regulations. Mexico trucks must now carry electronic monitoring systems that track truck routes and hours of service, pass safety reviews, drug tests, and assessments of their English-language and US traffic sign-reading skill.
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