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,
Canada has cracked down on fentanyl crossing the border in a bid to prevent President Trump's tariffs from hitting trade with the U.S.
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.
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,
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.
A brief standoff with Colombia holds important lessons for how future trade conflicts might unfold in the new Trump administration.
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.
Instead, Trump told reporters he would narrow his focus on Canada and Mexico and pledged to impose 25% tariffs on both neighboring countries as soon as Feb. 1, 2025. The threat of said tariffs would be levied in retaliation for allowing illicit drugs and migrants to cross the border.
Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada,
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.
The 25% import levy could go into place as soon as Feb. 1.