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Washington: US President Donald Trump has threatened to slap a 25-percent tariff on Mexican goods on February 1, a move that analysts say would deal a heavy blow to Latin America’s second-largest economy. Mexican President Claudia Sheinbaum called for “a cool head” in response to Trump’s trade and other policy announcements. What would be the…
President Trump’s call for the State Department to start the process of designating certain cartels as global terrorists and foreign terrorist organizations could give his administration more power to impose economic penalties, travel restrictions and potentially even take military action inside foreign nations. In the executive order he issued on Monday, Mr. Trump named two…
President Trump’s executive order designating Mexican cartels and other criminal organizations as foreign terrorists could force some American companies to forgo doing business in Mexico rather than risk U.S. sanctions, according to former government officials and analysts — an outcome that could have a major effect on both countries given their deep economic interdependence. The…
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House, Mr. Trump said that the tariffs were in response to China’s role…
The Trump administration intends to push to renegotiate the U.S. trade deal with Canada and Mexico ahead of a required 2026 review of it, seeking to shore up U.S. auto jobs and counter Chinese firms that are making inroads into the Mexican auto sector, people familiar with the deliberations said. The U.S.-Mexico-Canada Agreement, which Mr….
President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency — the External Revenue Service — to handle collecting the money. “Instead of taxing our citizens to enrich other countries, we will tariff and tax…
In the weeks before he took office, Donald J. Trump repeatedly vowed to carry out the largest deportations in U.S. history and to militarize the border, all while his transition team rebuffed requests from regional leaders to meet over the effects of his promised moves. He made countries such as Mexico targets of his attacks,…
President Donald Trump said Monday he may impose 25 percent tariffs on Canada and Mexico as early as February 1, while promising punitive measures on other countries as part of new US trade policy. Trump rekindled his threat against the two major US trading partners hours after taking the oath of office — accusing them…
President Trump said on Monday night that he planned to impose a 25 percent tariff on products from Canada and Mexico on Feb. 1 and might impose levies on most American imports, as he signed an executive order directing federal agencies to deliver a sweeping review of U.S. trade policies by this spring. Speaking to…
For the second time in less than decade, Mexico is preparing to negotiate with President-elect Donald J. Trump, who is threatening the neighboring country with sky-high tariffs, mass deportations and military strikes on cartels. The stakes are huge for Mexico’s 130 million people. Among major economies, Mexico is exceptionally dependent on the United States, sending…
