In May, the 10-country Association of Southeast Asian Nations, known as ASEAN, will meet the six Middle Eastern nations that make up the Gulf Cooperation Council. The summit’s host, Malaysia, has invited China to attend. China is also poised to update its own free-trade agreement with ASEAN, which includes Cambodia, the Philippines, Indonesia and Vietnam. … Read more
President Trump’s decision on Saturday to impose new tariffs on imports from China poses a dilemma for Beijing’s leaders: Is it better to ignore the new tariffs or retaliate? Doing little runs the risk of looking weak in the eyes of the Chinese people. China’s extensive domestic propaganda apparatus has described China as a rising … Read more
Almost all automakers are going to feel a pinch from the new tariffs imposed by President Trump on Saturday on goods imported from Canada, Mexico and China. Auto manufacturers ship tens of billions of dollars worth of finished automobiles, engines, transmissions and other components each week across the U.S. borders with Canada and Mexico. Billions … Read more
President Trump on Saturday ordered 25 percent tariffs on all Mexican exports to the United States and a similar levy on all Canadian goods, except for a 10 percent tariff on Canadian energy. His move sent shock waves through both nations, whose leaders have warned that the tariffs will harm all three countries and disrupt … Read more
After about a week of conflicting signals, the new Trump administration announced that the long-threatened 25 percent tariffs on imports from Canada and Mexico would take effect on Saturday, the first salvo of what is expected to be a trade war between the allies. [Read: Trump Will Hit Mexico, Canada and China With Tariffs] When … Read more
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line every day just a quarter mile from his office, binding the economies of … Read more
The Trump administration plans to move forward with imposing stiff tariffs on Mexico, Canada and China on Saturday, in an attempt to further pressure America’s largest trading partners to accept deportees and stop the flow of migrants and drugs into the country. In a press briefing Friday, White House press secretary Karoline Leavitt said the … Read more
Companies in the United States do not appear to be making a concerted effort to rush in shipments from Mexico and Canada ahead of the high tariffs that President Trump has threatened to impose on Saturday. Mr. Trump said after taking office that the United States would apply tariffs of 25 percent on imports from … Read more
Oil and gas companies in the United States are bracing for the possibility that President Trump will thrust their businesses into disarray and will drive up prices at the pump by imposing 25 percent tariffs on goods from Canada and Mexico. The United States is the world’s largest oil producer, but the country’s refineries are … Read more
Mexico’s pitch to companies considering the American market was simple. Worried about vulnerable supply chains? Need to reduce your reliance on China? Want an inexpensive spot close to the United States with favorable trade rules? Try Mexico. Thousands of companies, from family enterprises to powerhouse brands, in Asia, Europe and elsewhere have done just that … Read more