Investor Presentaiton

IEEPA tariffs on Mexican imports May 30: White House announced the imposition of tariffs on Mexican imports • ● 5% on June 10 10% on July 1, 2019 • 15% on August 1 • 20% on September 1 • e de la calle madrazo mancera 25% on October 1 President Trump invoked the International Emergency Economic Powers Act of 1977 (IEEPA) which allows the president to regulate commerce after declaring national economic emergency Mechanism to pressure Mexico on immigration issues On the same day, day the White House and USTR sent the U.S. Congress the draft statement of administrative action on the U.S.-Mexico-Canada Agreement (USMCA) 30-day period before the introduction of the implementing legislation

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