Mexico's president has insisted his government will not be provoked after President Donald Trump announced escalating tariffs on all goods unless Mexico curbed illegal migration. Andrés Manuel López Obrador described Mr Trump's slogan “America First” as a fallacy and said universal justice was more important than borders.
President Donald Trump said on Thursday the United States will impose a 5% tariff on all goods coming from Mexico starting on Jun 10 until illegal immigration across the southern border is stopped.
Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.
China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.
The United States is at least a month from enacting its proposed tariffs on US$ 300 billion in Chinese imports as it studies the impact on US consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
United States President Donald Trump said on Monday that he would meet Chinese president Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets.
The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new enforcement offices, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
United States President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday.
The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
China's Ministry of Commerce announced it is pursuing legal remedy against the U.S. in a brief statement on its website — the latest in an escalating trade conflict between the world's two largest economies.