The program dates back to 2019, and was first designed to gather import data on low value shipments from major retailers to better identify counterfeit goods.
The tariffs are seen as a protective measure for the Mexican textile industry, and a way to reduce imports from China, potentially avoiding trade conflicts with the U.S.
Biden announced his decision following a lengthy national security review into the deal, led by the Committee on Foreign Investment in the United States.
With contentious union negotiations, rapid advancements in automation and AI, and growing global scrutiny on human rights abuses, 2025 is set to be a transformative year for labor.
With higher U.S. tariffs being discussed for implementation within a matter of weeks, we should be alert and avoid being taken unaware of changes we can anticipate.