Trump says he thinks Mexico wants a deal, tariff threat stands
U.S. President Donald Trump said on Wednesday he thinks Mexico wants to make a deal in the neighbors’ immigration dispute, but that he will go ahead with tariffs on Mexican goods if it does not do more to control migration.
U.S. services sector activity perks up; eases gloom over economy
U.S. services sector activity expanded at a brisk pace in May and industries hired more workers, offering some respite for an economy that is slowing following a temporary boost from exports and an accumulation of inventories in the first quarter.
Trump adviser, leading senator say Mexico tariffs might not go ahead
A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into affect, offering hope for Mexico and American businesses concerned about economic damage from a new fro…
Wall St. gains as weak private jobs data raises rate cut bets
Wall Street’s major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and on optimism that the United States and Mexico would reach an agreement and avoid new U.S. tariffs on Mexican g…
Pence seeks ‘tangible measures’ from Mexico on migrant crisis
Ahead of high-stakes White House talks with Mexico on Wednesday, U.S. Vice President Mike Pence was looking for a comprehensive suite of proposals from visiting officials about stopping the surge of migrants from Central America, a White House official…
Republican Senator predicts U.S. will not impose tariffs on Mexico
Chuck Grassley, the Republican chairman of the U.S. Senate Finance Committee, predicted on Wednesday that the United States and Mexico would strike a deal to avert tariffs President Donald Trump has threatened to impose on Mexican imports.
Factbox: Effect of potential Mexico tariffs on U.S. companies
U.S. companies have begun to respond to President Donald Trump’s proposed tariffs on Mexican imports with mixed comments on the effects they would have on them and their customers.
U.S. rejects GM, Volvo tariff relief requests for China-made SUVs
The United States has rejected separate requests from General Motors Co and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.
Fed policymakers promise response if U.S. economy slows
Signs that the economy is losing momentum hung over a Federal Reserve summit for a second straight day as policymakers hinted they would be ready to cut interest rates if the U.S. trade war threatens a decade-long expansion.
Stocks, Treasuries climb on bets for U.S. rate cut
Major world stock markets edged higher and the U.S. Treasuries market resumed its recent rally on Wednesday as investors bet that the U.S. Federal Reserve would cut interest rates and help boost a sluggish global economy.
