Trump Threatens Mexico, EU with 30% Tariff
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If you're interested in getting tickets for next year's FIFA World Cup, there's now a new date to put into your calendar.
Sheinbaum addressed new U.S. tariffs on Canada, shared plans for a National AI Laboratory and reflected on the role of La Malinche.
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How Canada and Mexico Just Stunned the U.S. Economy with Bold Moves?Canada and Mexico’s recent actions have sent shockwaves through the U.S. economy, and Washington wasn’t ready. What was meant to reinforce U.S. influence has triggered a calculated response from its closest neighbors.
In a letter released on his social media platform, Donald Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated.
The combined U. S. trade deficit with USMCA trade partners Mexico and Canada now exceeds the U.S. deficit with China, according to government data released Thursday.
The Canadian prime minister said it may not be possible to escape U.S. tariffs even with a bilateral agreement to resolve the current tariff row.
An Indian trade delegation has also reached Washington for fresh talks on a trade deal with the United States.
If implemented, Trump's new 35 percent duties will be "separate from all Sectoral Tariffs," such as the 50 percent tariff on steel and aluminum imports. Trump also promised that, if Canada raises its own tariffs in response, then "whatever number [Canada chooses] to raise them by, will be added onto the 35% that [the U.S. charges]."