Trump suspends tariffs on Mexico after deal on immigration reached
U.S. President Donald Trump said on Friday that he has indefinitely suspended the threat of tariffs against Mexico after reaching “a signed agreement” on immigration.
Mexican president reiterates desire to avoid conflict with Trump
Mexican President Andres Manuel Lopez Obrador on Friday reiterated his desire to avoid confrontation with the U.S. government and to stay friends with his U.S. counterpart Donald Trump amid the threat of a trade war over migration.
Kraft Heinz completes internal probe into its procurement practices
Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by the U.S. Attorney’s Office.
Under tariff threat, Mexico less attractive to companies avoiding China trade war
A flood of companies eyeing Mexico as a safe haven from the U.S. trade war with China risks evaporating after President Donald Trump last week threatened to unleash tariffs on Mexico too.
Kraft Heinz completes internal investigation on procurement practices
Kraft Heinz Co said on Friday the company’s internal investigation into its procurement practices and internal controls assessment is now complete and expects to report its quarterly results on or before July 31.
Wall St. rallies on hopes of U.S. rate cut, trade progress
Wall Street’s major indexes charged higher on Friday, as sharply slowing U.S. job growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in U.S. trade fights with China and Mexico added to risk appetites.
U.S.-Mexico talks drag over ‘third country’ push
Talks between Mexico and the United States to stave off tariffs dragged on Friday as negotiators battled over a U.S. demand that Mexico accepts more Central American migrants under a concept know as “safe third country,” two Mexican sources said.
Global stocks jump, yields and dollar fall, as U.S. data fans rate cut talk
Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in job growth fueled hopes of a U.S. interest rate cut, while hints of progress in Washington’s trade fights added to equity market optimism.
Wall St. ends up sharply on rate cut hopes, trade optimism
Wall Street’s major indexes charged higher on Friday, as sharply slowing U.S. job growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in U.S. trade fights with China and Mexico added to risk appetites.
Walmart ‘concerned’ U.S. tariffs will raise Mexican fresh produce prices
Walmart Inc Chief Executive Doug McMillon said on Friday the retailer was concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.
