Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

President Donald Trump's confused messaging depresses business and consumer confidence, slows growth and imposes recession risks.

Blunt said in an interview the U.S. companies and workers “definitely are at a disadvantage” because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020.

The action came after the Commerce Department ended a six-year agreement favored by U.S. distributors and importers.

Mexico is aiming for a U.S. trade agreement before the Aug. 1 deadline, while the European Union said it is ready to retaliate against any tariffs. The post Mexico expects US trade deal shortly; EU mulls retaliatory tariffs appeared first on FreightWaves.

Mexico’s tomato export agreement was first made in 1996, whereby the two governments vowed to control it and resolve US allegations against Mexico concerning “unfair trade” practices. The agreement was updated six years ago to stop an investigation into dumping and settle tariff issues.

The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.

Recent news of Mexico's decision to levy tariffs on textile and apparel products-and institute new restrictions on its Manufacturing, Maquiladora and Export Services Industry (IMMEX) program-have ...

The tariffs placed on foreign goods imported into the United States are being paid for by the American people and businesses rather than governments and companies outside of the U.S. And things are only set to get worse if this