Mexico, Trump
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Los Angeles Times |
Mexican authorities are pushing the White House to exclude Mexican vehicles and car parts from President Trump’s planned 25% levies on automobile imports.
U.S. News & World Report |
there is no evidence that President Donald Trump will honor those commitments as he imposes 25% duties on global automotive imports.
USA Today |
A 25% tariff on all cars and light-duty trucks imported into the U.S. that's set to go into effect next week won't just cause new car prices to rise.
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Once again, Mexico’s president Claudia Sheinbaum has adopted a wait-and-see strategy. When US President Donald Trump announced steep tariffs on all cars shipped to the United States – a significant escalation in a global trade war – she stuck to pragmatism and patience.
Suppliers to Mexico factories worry about Trump's pending tariffs, especially on the automotive industry, at annual El Paso manufacturing trade show.
A full-blown tariff war with the US could prove a gut punch for Mexico, which is already battling an economic slowdown. Latin America’s second-biggest economy depends heavily on its commercial relationship with its northern neighbor — its top trading partner by a wide margin.
Major tequila producers have already incurred costs from stockpiling the liquor and paying additional storage fees in anticipation of the 25% tariffs on Mexico.
14hon MSN
The president has circled April 2 as the culmination of his "American first" economic policy, which has already shaken markets and started a trade war.
Taiwan's Taiex index was down 4.2%, the worst performer among major Asia-Pacific market indices. The Nikkei 225 fell 4.1% while South Korea's KOSPI dropped 3.0%.
Anticipation and concern is growing for the major new tariffs President Donald Trump says he’ll announce by mid-week. Uncertainty still surrounds Trump’s trade plans, which he has announced and then reversed in the past.
President Trump says the goal of his tariffs - resuscitating U.S. manufacturing's glory days - will be worth the turmoil. Experts are skeptical.