Economics

Mexico Vows to Avoid U.S. Trade War Over Migrants

June 03, 2019 at 12:20 AM

Mexico's president says his country is willing to avoid a trade war by tightening controls over migrants seeking asylum in the U.S.

Trump Imposes 5% Tariff on Mexican Imports

May 31, 2019 at 12:31 AM

President Donald Trump says the U.S. will begin levying a 5% duty on imported goods from Mexico, beginning June 10.

U.S. Trade Talks with EU Remain Stalled

May 30, 2019 at 12:38 PM

Little progress has been made in the 10 months since the U.S. and European Union agreed not to escalade their trade war over cars, industrial goods and regulations.

EU Rejects Trump Quota on Cars to U.S.

May 29, 2019 at 12:38 AM

European Union trade envoys say they won’t agree to tariffs on cars shipped to the U.S. as an alternative to stiff import duties threatened by the Trump administration.

Canada Starts Approval Process for New NAFTA Treaty

May 28, 2019 at 12:51 AM

Yesterday Canada began the formal process of ratifying the updated North American Free Trade Agreement signed last November.

Trump: U.S. “Not Ready” for China Trade Deal

May 27, 2019 at 1:16 PM

President Donald Trump declares the U.S. is “not ready” to make a trade pact with China, even though he believes China “would like to make a deal.”

China Hints It Could Embargo Rare Earth Minerals to U.S.

May 24, 2019 at 1:54 AM

China hints it might counter a U.S. escalation in the trade war between the countries by restricting exports of its rare earth minerals used in electric cars and consumer electronics.

U.S.-Japan Trade Talks Off to a Shaky Start

May 23, 2019 at 4:06 PM

Working level talks about avoiding hefty U.S. tariffs on cars from Japan began with the two sides far apart, The Nikkei reports.

Toyota Rebukes Trump Over Car Tariff Threat

May 20, 2019 at 1:24 AM

President Donald Trump’s continuing threats to slap 25% tariffs on foreign-made cars prompted a strongly worded rebuke from Toyota Motor Corp. last weekend.

U.S. Lifts Metals Tariffs for Canada, Mexico

May 20, 2019 at 12:12 AM

The U.S. has agreed to exempt Canada and Mexico from its 25% tariffs on steel and 10% tariffs on aluminum.

Trump Postpones Auto Tariff Decision for 6 Months

May 17, 2019 at 10:44 AM

As expected, President Donald Trump announced today he will delay for 180 days a decision about imposing tariffs as great as 25% on foreign cars.

U.S. Closer to Ending Metal Tariffs for Canada, Mexico?

May 15, 2019 at 5:03 PM

The White House says it is “close to an understanding” with Canada and Mexico about lifting U.S. tariffs of 25% on steel and 10% on aluminum from the two countries.