 | | | | Mexico's president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico's economy. | | | | | | Mexico's Foreign Minister Marcelo Ebrard said on Friday that he had started negotiating with officials in Washington after U.S. President Donald Trump threatened to impose tariffs on imports of Mexican products. | | | | | | The U.S. Federal Reserve's hesitance to react to world trade tensions may have been dealt a fatal blow Friday by President Donald Trump's surprise announcement of new tariffs on Mexico, levies that could slam investment and business confidence and leave little doubt the administration's combative stance is here to stay. | | | | | | Oil giant Chevron Corp said on Friday the imposition of new tariffs may lead to retaliation by Mexico impairing the development of that nation's recently opened market for imports of U.S. gasoline and diesel. | | | | | | (This May 30 story corrects to say GE is cutting power unit headquarters costs 20% and GE plans to cut another $800 mln in power divison costs, not $1.6 bln in the 6th and last paragraph respectively.) | | | | | | The Mexican government should target agricultural goods produced in states that have voted for U.S. President Donald Trump's Republican Party if the trade conflict between the two neighbors worsens, the head of Mexico's main farm lobby said on Friday. | | | | | | U.S. stocks dropped on Friday, putting the S&P 500 on track for its first monthly drop of the year after President Donald Trump's surprise threat of tariffs on Mexico fueled fears increasing trade wars could lead to a recession. | | | | | | When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O'Brien was left with no choice but to add a 4% fee on every item of furniture he sells. | | | | | | Global equities tumbled and safe-haven sovereign bonds surged Friday after President Donald Trump's unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession. | | | | | | The United States raised the pressure on Western allies in a war of attrition over next-generation networks on Friday, saying countries that allow China's Huawei to build their telecoms infrastructure could be cut off from crucial intelligence data. | | | | | |
