President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,
U.S. President Donald Trump still plans to make good on his promise to issue tariffs on Canada and Mexico on Saturday, White House spokeswoman Karoline Leavitt said on Tuesday. Leavitt told reporters in her first White House press briefing that Trump also is still "very much" considering fresh tariffs on China for Saturday.
President Trump has threatened to impose tariffs on Canada over drug trafficking, equating it with Mexico. U.S. government reports do not support the claim.
El candidato del presidente Donald Trump para dirigir el Departamento de Comercio dijo que México y Canadá pueden evitar los nuevos aranceles que vencen este fin de semana si toman medidas drásticas en materia de seguridad fronteriza,
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
Oil edged lower as investors waited for clarity on US trade policy, after Donald Trump’s pick for commerce secretary said Canada and Mexico, the country’s top crude suppliers, may avoid high tariffs.
Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.
A brief standoff with Colombia holds important lessons for how future trade conflicts might unfold in the new Trump administration.
President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they clamp down on border security — while also signaling that Trump is likely to impose widespread new levies to return manufacturing to US soil.
President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday.
The 25% import levy could go into place as soon as Feb. 1.