PresidentDonald Trumpsaid on Sunday the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short-term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation. Trump said he would talk on Monday with the leade...
Core Tip: President Donald Trump said on Wednesday the United States may hammer out a trade deal with Mexico, and then do a separate one with Canada later, sowing fresh doubts about the future of the North American Free Trade Agreement (NAFTA). President Donald Trump said on Wednesday the U...
The U.S. auto industry is bracing up for a major shake-up as President Donald Trump’s 25% tariff on imports from Mexico and Canada takes effect tomorrow. This decision, which comes after months of threats, could have far-reaching consequences. For decades, free trade agreements between the...
U.S. PresidentDonald Trumpsaid on Friday that the United States andMexicowere making progress on a trade deal, and warnedCanada "Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal. New President of Mexico has been an absolute...
“They didn’t have a ton of time to deal with USMCA.’’’ Even after the auto rules took effect, the United States was slapped down for the way it tried to enforce them. A USMCA trade court, in a case brought by Mexico and Canada, found that Washington was applying the rules ...
on imports from Canada and Mexico, while adding an additional 10% levy on goods from China. The salvo, which President Trump had threatened even before returning to power earlier this month, underlines his willingness to use trade policy even against some of the U.S.' largest economic allies...
The US and Mexico have agreed to revamp Nafta, the North American Free Trade Agreement, in what Donald Trump called a "really good deal" for both countries. The US President, who has frequently criticised the existing deal, made the announcement on Monday. Canada-the other member of Nafta-...
Mexican lawmakers have already approved the deal, but it still needs to be ratified by Canada's parliament before it can take effect. The deal is set to replace the 26-year-old North American Free Trade Agreement (NAFTA). While the Trump administration has touted the USMCA as pro-growth, ...
If Trump were to move forward with the threatened tariffs, the new taxes would pose an enormous challenge for the economies of Canada and Mexico, in particular. They would also throw into doubt the reliability of the 2020 trade deal brokered in large part by Trump, which is up for review ...
TMTPOST -- U.S. President Donald Trump agreed to delay implementation of additional tariffs on Mexico and Canada after his phone calls with leaders of these neighbour countries on Monday. In the meantime, the president plans to talk with another major trade partner China about the looming ...