The threat of new tariffs on Mexican imports drew strong opposition from stakeholders in Arizona and Mexico. The White House has said the president's strategy worked in getting Mexico to take steps to curb immigration from Central America. As for whether the threat had any lasting effects on the trade industry, Lorraine Rivera spoke to Luis Ramirez, whose firm Ramirez Advisors Inter-National advises clients on cross-border trade.
"I think we have a lesson learned. We have to plan ahead. Companies have to be prepared for future changes and in fact we've talked to several companies that are now looking at their contracts, their commitments and going, 'Do I have to pay for that? Should it happen or does it get passed on,'" Ramirez said. "It happened so sudden that many companies were caught off guard."