Trump, Mexico and tariffs
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Mexican President Claudia Sheinbaum said her government would wait until next week to announce how it will respond in the escalating trade war.
From Los Angeles Times
Shares in automakers around the world tumbled on Thursday after President Trump announced plans to impose a 25 percent tariff on imported cars and some parts beginning next week.
From The New York Times
The shift could disrupt global supply chains as companies restructure sourcing strategies and manufacturing operations.
From Reuters
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In a few short months, President Donald Trump has upended the $24 trillion market for global merchandise trade. In a dizzying series of announcements, he’s slapped hefty tariffs on free-trade deal partners like Canada and Mexico as well as economic rivals like China,
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.
President Donald Trump's tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, cutting its global economic outlook and warning that a broader trade war would sap growth further.