Mexico

The U.S. president Donald Trump announced on Wednesday a 25% tariff for imported cars and light vehicles starting next week. This move will likely increase prices and slow production, according to auto industry experts. What are your reactions? NATIONAL FOREIGN TRADE COUNCIL (NFTC), WHICH REPRESENTS A LOT OF U.S. COMPANIES. VP TIFFANY SMITEH "Placing tariffs against imports of automobiles could damage the competitiveness and export-readiness of an industry which relies on international supply chains and market integration for its success. We urge the administration, to prioritize the market opening opportunities of auto companies that manufacture vehicles for export from the...

The UK's FTSE 100 ended flat on Wednesday as investors remained cautious ahead of the U.S. Federal Reserve interest rate decision that would be made later in the day. Energy stocks also helped to keep declines at bay. The blue-chip FTSE 100 index was barely changed while the domestically focused FTSE 250 Index edged up 0.1%. The energy sector led the gains in all sectors, boosted by rising oil prices and hopes for a rise in U.S. demand and a limited ceasefire between Ukraine & Russia. . The Fed's decision to change its policy will be the highlight of a...

On Tuesday, President Donald Trump doubled the planned tariffs on steel and aluminum imports from Canada. This was in response to Ontario's decision on Monday to impose a 25% tariff for its electricity exports into the U.S. Trump posted on his Truth Social media page that he had instructed his Commerce Secretary to impose an additional 25% tariff for metals products. The new tariff will be in effect Wednesday morning. "Canada must also immediately remove their anti-American Farmer tariff of 250% to 390 % on various U.S. Dairy Products, which is long considered outrageous. "I will declare a National Emergency...

Analysts and trade sources said that Mexican fuel oil cargoes will be heading to Asia and Europe in this month due to higher prices. Traders also plan on diversifying after U.S. president Donald Trump imposed import tariffs this week. Pemex, the state energy company in Mexico, usually sells its heavy crude oil and high-sulfur fuel oil to U.S. Gulf Coast refining plants for processing. However, a 25 percent tariff imposed by Washington on Mexican products on Tuesday has caused cargoes to be diverted. Data from shipping analysts Kpler and Vortexa and trade sources show that Mexico's HSFO exports to Asia...

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Donald Trump, the U.S. president, said that he expected his administration to implement tariffs on oil and gas by February 18th. It could also reduce the planned tax on some Canadian crude. Refiners in the Midwest of the United States process about 70% of this oil imported by the U.S. Analysts and companies have warned that a tariff on oil imports may lead to a decrease in fuel production at these facilities, and increase costs for consumers. Trump didn't specify a country that would be affected by the new tariffs or give any further details. Trump told reporters at the...

U.S. President Donald Trump's. go back to the White House has actually been met both relief and. dissatisfaction throughout world markets as investors try to exercise. what the next four years will bring. The approach will be chaotic, unpredictable, spur of the. minute and driven by Trump himself, stated Russel Matthews,. senior portfolio manager, international macro at RBC BlueBay Asset. Management. Here's a take a look at some of the winners and losers emerging. from Trump's very first 24 hr in workplace. 1/ NAME CALLING Calling out Canada and Mexico as possible targets for. tariffs took an even more toll...

Brazilian digital loan provider Nubank has actually signed a contract with Mexican convenience shop chain Oxxo, run by FEMSA, to broaden its cash deposit and withdrawal network in the North American nation, the firms revealed on Monday. WHY IT is essential Warren Buffett-backed Nubank, among the Latin America's. biggest firms by market price, has been aiming to scale its. operations in Mexico and Colombia after growing in Brazil, its. home market, where it has more than 100 million consumers. While Nubank's Brazil operations are nearly fully digital,. the lending institution has been utilizing different techniques to grow in. Mexico, where...

Oil producers in Canada and Mexico will likely be required to lower rates and divert supply to Asia if U.S. Presidentelect Donald Trump enforces 25% import tariffs on unrefined imports from the two nations, traders and analysts stated. 2 sources knowledgeable about Trump's plan informed Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, in spite of the U.S. oil market's cautions that the policy might harm customers, market and national security. The United States accounts for 61% and 56% of unrefined exports from Canada and Mexico, respectively, ship tracking data from...

Hurricane Rafael was rapidly getting steam on Tuesday afternoon as it downed toward the Cayman Islands in the Caribbean, and will likely become a. cyclone in the next few hours, according to the U.S.based. National Typhoon Center. Rafael was blowing optimal sustained winds of 70 miles per hour (113. kph) after skirting past western Jamaica around mid-day, the NHC. said in a weather report. Residents in Jamaica hunched down, with 4 emergency situation. shelters triggered, according to authorities. No deaths or. injuries were reported as bursts of heavy rain disposed on the. island. As Rafael chugged toward the Cayman Islands,...

The U.S. government is studying. really carefully the possibility of imposing additional sanctions. on individuals in Venezuela along with prospective withdrawing. licenses for oil companies working in the South American. nation, in response to what it calls a deceptive election, a. senior authorities stated on Friday. Brian Nichols, U.S. assistant secretary of state for Western. Hemisphere affairs, made the remarks during a webcast instruction. with press reporters. Using either specific sanctions or the. cancellation of licenses related to sectoral sanctions are. something that we're studying extremely carefully, said Nichols, after. being asked about the possibility of imposing new visa. constraints...

A major U.S. oil and gas trade group on Monday cautioned that energy production in the Gulf of Mexico might stop if the Commerce Department does not act rapidly to publish a brand-new assessment of how endangered species need to be secured in the region. WHY IT is very important A court ruling by a federal judge last month tossed out a. National Marine Fisheries Service biological opinion that is. legally required for oil and gas expedition and drilling to be. carried out. The judge gave NMFS, a division of the Commerce Department,. till Dec. 20 to finish a brand-new...

Donald Trump announced on Wednesday that he will impose a baseline 10% tariff on all imports into the United States, and increased duties on some of its biggest trading partners. This could lead to a trade conflict and upset the global economy. Countermeasures from trading partners could result in a dramatic increase in prices of everything, including bicycles and wine. Trump has already levied 25% on automobiles and auto parts. Here are some reactions from business executives, trade and union associations: Companies KATSUYA NAKANISHI is the CEO of MITSUBISHICORP The CEO of a Japanese trading company said that the firm...

Mexico and Canada were spared new tariffs Wednesday, as President Donald Trump excluded the top US trading partners from his 10% global tariff baseline. Previous duties are still in place. Tariffs will not be applied to most goods from Mexico and Canada which comply with the USMCA agreement between the three nations, except for steel and aluminium and auto exports. Trump imposed tariffs of 25% on Mexico and Canada because they did not do enough to stop migration and the trafficking of fentanyl. However, he later announced a concession for USMCA-compliant goods. The White House fact sheet stated that "for...

The price of crude oil fell on Wednesday and the price of gold rose after U.S. president Donald Trump announced tariffs on U.S. imported goods. This move fueled a global trade conflict and raised concerns about a possible economic slowdown. Grain futures declined ahead of Trump's announcement of tariffs. They were likely to continue their losses, as traders waited for retaliatory action from global importers who are easy targets of retaliation. Aluminum prices fell on Wednesday as investors weighed up trade action against supply concerns. Trump announced on Wednesday that all U.S. imports would be subject to a baseline 10%...

Donald Trump announced on Wednesday that he will impose a baseline 10% tariff on all imports into the United States, and higher duties for some of the biggest trading partners. This could lead to a trade conflict and upset the global economy. Countermeasures from trading partners could result in a dramatic increase in prices of everything, including bicycles and wine. LENNY LARCCA, KPMG U.S. AUTOMOTIVE LEADERS "U.S. Automakers are looking for steps they can take to mitigate tariffs in the short term, such as working on items that can be shipped to the U.S. rapidly without major investment." Massive longer-term...

Donald Trump announced on Wednesday that he will impose a baseline 10% tariff on all imports into the United States, and higher duties for some of the biggest trading partners. This could lead to a trade conflict and upset the global economy. Countermeasures from trading partners could result in a dramatic increase in prices of everything, including bicycles and wine. SETH GOLDSTEIN MORNINGSTAR ANALYST FOR U.S. SETH GOLDSTEIN, MORNINGSTAR ANALYST ON U.S. "I expect lower volumes due to tariffs." Tariffs are likely to be passed on to the consumer in order to increase prices of products. "I expect that consumers...

On Wednesday, the Trump administration announced that it would impose a 25% duty on all beer imports. The beverage and empty aluminum aluminum cans will be added to a list containing derivative products which are subject to aluminum tariffs. In a Federal Register announcement, the Commerce Department stated that duties on beer will be collected at 12:01 am EDT Friday, April 4, starting with empty aluminum cans. The notice reversing Trump's previous aluminum tariff changes only lists the tariff code for malted beer. The notice does not mention a subordinate tariff code for beer imported in glass bottles. The Commerce...

Analysts at JPMorgan estimate that more than a third (35%) of emerging market firms will be "significantly" affected by U.S. tariffs once they are implemented. Taking into account the possibility that Chinese and Mexican companies would be hard hit, they estimated that 36 percent of the over 750 firms in the closely watched CEMBI EM Corporate Debt Index by the bank would fall under this bracket. In that bracket, 16% of companies could experience a "significant impact". The 36% figure was described as "not negligible" by the analysts, although they did point out that over half of the companies in...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market selloff. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...

Canada is planning additional retaliation against the U.S. tariffs on autos and tariffs reciprocated by U.S. trading partner countries scheduled to begin in early April. Mark Carney, the Canadian Prime Minister, said that he has not yet decided what he will do. actions Canada might take , however. Trump imposed tariffs of 25% on March 6 on goods that were not compliant with the U.S. Mexico Canada free trade agreement, but delayed a 25% tariff for most Canadian goods by 30 days. He then imposed tariffs Steel and Aluminum Imports will be allowed on March 12. Here are the retaliatory...

Donald Trump, who has been threatening new tariffs for weeks on imported vehicles, followed through with his threats on Wednesday. He said that a 25% tax would be imposed on cars not made in the U.S. next week. Trump will add a 25% tariff to previous duties on imported finished vehicles, starting April 3 at 12:01 am EDT (0401 GMT). The U.S. base tariff rate on automotive imports is 2.5 percent. The plan to disrupt the auto supply chain and trade sparked uncertainty among investors and customers, and retaliation threats were made. Global auto stocks fell from Asia to America....

Donald Trump, the U.S. president, announced on Wednesday a 25% tariff for imported cars and light vehicles starting next week. This move will likely increase prices and slow production. Here are some reactions from around the world. ELON MUSK is the CEO of TESLA It is important to note that Tesla has not been left untouched in this situation. Tesla's tariff impact is still substantial. The price of Tesla parts that are imported from other countries will be affected. "The cost impact is not insignificant." SHIGERU ISHIBA IS JAPAN'S PRIME MINISTER "Japan makes the most investment in the United States....

Maros Séfcovic, the European Union's Trade Commissioner, was scheduled to meet with Donald Trump's top officials in charge of trade on Tuesday. The goal is to avoid U.S. tariffs that could be imposed on EU products as soon as next week. Sefcovic has had two prior discussions with U.S. trade representative Jamieson Greer and Commerce Secretary Howard Lutnick that have not altered Trump's plans for raising U.S. tariffs to match those charged by major trading partners, and to counter their non-tariff barriers. The USTR and Washington's EU delegation office did not immediately comment on the discussion. The meetings take place...