Trump, tariffs
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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.
By Eduardo García, Alfredo Corchado and Alyda Muela El PASO, Texas -- A growing wave of uncertainty is freezing investment plans in Mexico, the United States’ second-largest trading partner, rattling domestic and foreign business leaders alike.
Shares of General Motors , Ford Motor , and Jeep-maker Stellantis , some of the biggest automakers in the U.S., rallied on Wednesday after news of a trade deal that will reduce tariffs on imported Japanese cars,
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 ...
U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors,
President Donald Trump announced new trade deals with Japan and the Philippines this week, bringing the total number of deals to five. However, several major trading partners still haven’t reached trade agreements with the U.S. ahead of the Aug. 1 deadlines.
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.
Years of drought in Mexico have already strained its sugar exports to the US, and now proposed tariffs are set to further disrupt this once-reliable trade relationship. President Trump’s planned ...
President Trump's new trade deal with Japan includes a 15% tariff on exports to the U.S., up from earlier rates. CBS News MoneyWatch correspondent Kelly O'Grady breaks down how this could impact major automakers.