'If less people buy these products that I'm building every day, then they're going to have to lay people off.' US autoworkers are fearful about the impact of President Trump's tariffs on Mexico
Washington President Donald Trump sabotaged his so-called top priority, the renegotiated NAFTA, on two different fronts Thursday night. First, by angering key House Democrats with his sudden decision to start a procedural 30-day clock on the deal, in a ploy to place pressure on House Speaker Nancy Pelosi.
Second, by announcing he would impose escalating tariffs on June 10 on all goods imported from Mexico. The White House's legal justification will likely face challenges in the courts.Democrats are mad:Democratic lawmakers and aides were furious with the decision to move ahead with the draft statement of administrative action, because Pelosi had urged US Trade Representative Robert Lighthizer not to move ahead until the White House had worked out differences with House Democrats.
— Rep. Don Beyer May 30, 2019 Read MoreNew tariffs deeply endanger the trade deal's chances in Mexico:The timing on this is key: Mexican President Andres Manuel Lopez Obrador, known by his initials AMLO, had just on Thursday asked the Mexican Senate to convene a special session before their planned session in September in order to approve the USMCA. Mexico has already passed a new labor reform law to comply with the deal.
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President Trump slaps Mexico with tariffs over immigrationIt was already a turbulent week on Wall Street, how will markets react to the treat of billions more in tariffs on goods from Mexico? CNBC’s Steve Liesman, Politico’s Jake Sherman, and the U.S. Editor of Financial Times Alphaville, Brendan Greeley, joins Stephanie Ruhle to explain what this means for the U.S.’ relationship with our third largest trading partner.
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Trump is 'absolutely deadly serious' about Mexico tariffs, says acting White House chief of staff'I fully expect these tariffs to go onto the at least 5 percent level on June 10th,' Mick Mulvaney said.
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Trump 'deadly serious' about Mexico tariffs, White House official saysActing White House chief of staff Mick Mulvaney gave a stern warning about President Trump's upcoming decision to whether to impose tariffs on Mexican goods in retaliation to illegal immigration. “He is absolutely, deadly serious,” Mulvaney said on “Fox News Sunday.” “In fact, I fully expect these
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Trump likely to slap tariffs on Mexico, decries migrant 'onslaught'President Donald Trump on Tuesday said he would probably defy Mexico, U.S. busin...
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Trump’s Mexico tariffs blasted as ‘borderline crazy’ | House already may have pro-impeachment majorityTrump’s plan for new tariffs on Mexican products is “borderline crazy,” says one opinion columnist. Meanwhile, the House already may have pro-impeachment...
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Hassett says White House departure 'abolutely normal' and not tied to Mexico tariffsKevin Hassett denied that his pending departure from the Trump administration had any connection to Trump’s threat of blanket tariffs on Mexico over immigration
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Mexico president expects deal with U.S. before June 10 deadlineMexican President Andres Manuel Lopez Obrador said on Tuesday he expects Mexico ...
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Toyota says President Trump's trade war with Mexico could cost suppliers up to $1 billionDETROIT (Reuters) - Toyota Motor Corp has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the automaker's major suppliers between $215 million and $1.07 billion, according to an email seen by Reuters.
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Mexico draws red line on asylum in talks to stop Trump tariffsMexico on Monday made clear it would reject a U.S. idea to take in all Central A...
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