Reuters | February 03, 2025 | International Trade
U.S. President Donald Trump paused new tariffs on Mexico for one month after Mexico agreed on Monday to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs.
Some lawmakers in the U.S. Congress have expressed dismay at President Donald Trump's threat to slap new tariffs on Canada, China and Mexico, but they have limited power to stop him.
Reuters | February 03, 2025 | International Trade | Commodity
The United States will permit Mexican cattle imports to resume after signing memorandums to lift a temporary suspension, Mexico's agriculture chief wrote in a post on social media site X on Saturday.
Global makers of alcoholic drinks like Diageo are caught in the cross-fire of a major trade war as U.S. tariffs deal a hefty blow to an industry already struggling with falling sales.
Ecuador's President Daniel Noboa announced on Monday that his government will apply a 27% tariff on Mexican goods in an effort to promote fair treatment for his country's companies.
U.S. manufacturing grew for the first time in more than two years in January, but recovery was likely to be short-lived after President Donald Trump imposed tariffs on goods from Canada, Mexico and China at the weekend, which will potentially further raise raw material prices and snarl supply chains.
U.S. President Donald Trump will speak with Chinese President Xi Jinping within the next couple of days, his spokesperson said on Monday.
The White House said on Monday it has noticed that Mexico is "serious" about President Donald Trump's executive order on tariffs, but Canada has "misunderstood" it to be a trade war between the neighboring countries.
Canada will take legal action under the relevant international bodies to challenge the 25% tariffs imposed by the United States on most Canadian goods, a senior government official said on Sunday, calling the tariffs illegal and unjustified.
Canada will retaliate against President Donald Trump's new tariffs with 25% levies on a raft of U.S. imports, Prime Minister Justin Trudeau said on Saturday, warning Americans that Trump's actions would have real consequences for them.
Mexico's President Claudia Sheinbaum said on Sunday that reason should prevail a day after her government and the U.S. announced tariffs against one another, raising her fist in the air as she said she does not lack courage to respond.
President Donald Trump said on Sunday the sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans as global markets reflected concerns the levies could undermine growth and reignite inflation.
AJOT Newsroom | February 03, 2025 | International Trade
AJOT Newsroom | February 03, 2025 | International Trade | Commodity
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