• DATVF.ATLPHL
    1.714
    -0.061
    -3.4%
  • DATVF.CHIATL
    1.944
    0.039
    2%
  • DATVF.DALLAX
    0.898
    -0.033
    -3.5%
  • DATVF.LAXDAL
    1.537
    0.003
    0.2%
  • DATVF.SEALAX
    0.901
    0.066
    7.9%
  • DATVF.PHLCHI
    0.962
    -0.018
    -1.8%
  • DATVF.LAXSEA
    2.139
    0.018
    0.8%
  • DATVF.VEU
    1.540
    -0.013
    -0.8%
  • DATVF.VNU
    1.426
    0.005
    0.4%
  • DATVF.VSU
    1.218
    -0.014
    -1.1%
  • DATVF.VWU
    1.520
    0.042
    2.8%
  • ITVI.USA
    10,531.040
    -57.980
    -0.5%
  • OTRI.USA
    6.020
    0.110
    1.9%
  • OTVI.USA
    10,502.790
    -61.450
    -0.6%
  • TLT.USA
    2.440
    -0.020
    -0.8%
  • WAIT.USA
    150.000
    -1.000
    -0.7%
  • DATVF.ATLPHL
    1.714
    -0.061
    -3.4%
  • DATVF.CHIATL
    1.944
    0.039
    2%
  • DATVF.DALLAX
    0.898
    -0.033
    -3.5%
  • DATVF.LAXDAL
    1.537
    0.003
    0.2%
  • DATVF.SEALAX
    0.901
    0.066
    7.9%
  • DATVF.PHLCHI
    0.962
    -0.018
    -1.8%
  • DATVF.LAXSEA
    2.139
    0.018
    0.8%
  • DATVF.VEU
    1.540
    -0.013
    -0.8%
  • DATVF.VNU
    1.426
    0.005
    0.4%
  • DATVF.VSU
    1.218
    -0.014
    -1.1%
  • DATVF.VWU
    1.520
    0.042
    2.8%
  • ITVI.USA
    10,531.040
    -57.980
    -0.5%
  • OTRI.USA
    6.020
    0.110
    1.9%
  • OTVI.USA
    10,502.790
    -61.450
    -0.6%
  • TLT.USA
    2.440
    -0.020
    -0.8%
  • WAIT.USA
    150.000
    -1.000
    -0.7%
American ShipperShipping

Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

   The National Customs Brokers and Forwarders Association of America warned that closure of the U.S.-Mexico border would cause an “economic disaster.”
   “Laredo [Texas] is the United States largest inland port and processes between 10,000 and 12,000 trailers daily,” said Jose Gonzalez, president of customs broker J.D. Gonzalez and a NCBFAA board member in a statement Friday. “Many of the largest importers use the Port of Laredo, so closing the border would have a big impact, both nationally and locally.
   NCBFAA President Amy Magnus added, The NCBFAA believes that completely closing the southern border would create unthinkable disruption and chaos  and would solve nothing.”
   President Trump threatened in a Dec. 28 tweet to use the option of closing the border with Mexico if he does not secure the funding to complete the construction of a wall between the two countries.
   According to the U.S. Census Bureau, two-way trade between the United States and Mexico exceeded $512 billion in 2018. This accounted for nearly 15 percent of the United States total trade last year, making Mexico the third-largest trading partner with the U.S., behind China and Canada. 
   Alone, the Port of Laredo, which claims about 100 U.S. customs brokers, 500 freight forwarders and 200 trucking companies, handled about $215 billion in imports and exports last year.
   The NCBFAA said closing the border is avoidable and urged the White House and Congress to “work together to find a safe, effective and economically sound border security solution that does not resort to a full border shutdown.”

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Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.
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