Trump says tariffs on Mexico likely, decries migrant ‘onslaught’
President Donald Trump on Tuesday said he would probably defy Mexico, U.S. business groups and lawmakers from his own party and impose new tariffs on all imports from Mexico to pressure authorities there to clamp down on illegal immigration into the Un…
Automakers say Trump’s threatened Mexico tariffs would cost billions
Toyota Motor Corp said on Tuesday that U.S. President Donald Trump’s proposal to slap tariffs on Mexican-made goods could cost its major suppliers $1 billion, highlighting growing concern in the U.S. auto sector about the potential damage of a new fron…
Factbox: How will Britain’s Conservative Party choose PM May’s successor?
Britain’s Theresa May has said she will resign as Conservative Party leader on June 7, setting up a contest that will bring a new prime minister to power who could pursue a cleaner break with the European Union.
Wall Street rebounds on U.S. rate cut hopes
U.S. stocks rallied on Tuesday, with the S&P 500 set for its biggest one-day gain in five months, after Federal Reserve Chair Jerome Powell said the central bank would act “as appropriate” to address trade war risks, leaving the door open for a possible rate cut.
UK’s Farage says Trump concerned by Brexit delay after meeting
Nigel Farage, leader of the Britain’s Brexit party, said U.S. President Donald Trump told him in a meeting on Tuesday that he was concerned at how long it was taking Britain to leave the European Union.
Renault’s board triggers process to recover Ghosn’s suspect expenses
Renault’s board triggered on Tuesday a process to recover 11 million euros ($12.4 million) in Carlos Ghosn’s suspect expenses when he chaired the alliance between the French carmaker and its Japanese counterpart Nissan.
Canada court to hear Huawei extradition case details June 6
Canadian authorities have set a June 6 court date to discuss technical issues concerning the extradition case against Huawei Technologies Co Ltd executive Meng Wanzhou, but she will not be in court, the federal justice ministry said.
McConnell says ‘not much support’ for Mexico tariffs among U.S. Republicans
U.S. Senate Majority Leader Mitch McConnell said on Tuesday there was “not much support” among his fellow Republicans for President Donald Trump’s proposed tariffs on Mexico.
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.
Top tech executives will be asked to testify in U.S. probe
Leaders of big tech companies will be asked to testify as part of an investigation into whether the companies misuse their massive market power, the head of the U.S. House Judiciary subcommittee leading the probe said on Tuesday.
