Auto industry starts counting cost of Trump’s threatened Mexico tariffs
Major automakers are assessing the cost of tariffs that U.S. President Donald Trump has threatened for Mexican imports, both to themselves and their supply chain, with Toyota Motor Corp telling U.S. dealers the duties could cost its major suppliers up …
Uber’s IPO underwriters recommend buying, estimate deep losses
Underwriters of Uber Technologies’ initial public offering on Tuesday overwhelmingly recommended the company’s shares, even as they estimated deeper losses than previously expected for the ride-hailing service this year.
Trump concerned that Brexit is taking a long time, Farage says after meeting
Donald Trump believes in Brexit but is concerned about how long it is taking, Brexit Party leader Nigel Farage said after meeting the U.S. president on Tuesday during his three-day trip to Britain.
Stocks jump amid rate-cut hopes, tech shares’ bounce; bond yields rise
Global stock indexes rallied on Tuesday as U.S. tech shares bounced back from the previous day’s selloff and investors weighed the possibility of a U.S. interest rate cut, while yields on U.S. Treasuries rose.
Brexit Party’s Farage says he had a good meeting with Trump
Nigel Farage, leader of the UK’s Brexit party, said he had had a good meeting with visiting U.S. President Donald Trump on Tuesday.
U.S. manufacturing mired in soft patch as orders, shipments fall
New orders for U.S.-made goods fell in April and shipments dropped by the most in two years, indicating continuing weakness in manufacturing activity that could hurt the broader economy.
Exclusive: Toyota tells U.S. dealers Mexico tariffs could cost suppliers up to $1 billion
Toyota Motor Corp has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the automaker’s major suppliers between $215 million and $1.07 billion, according to an email seen by Reuters.
Wall Street rebounds on rate-cut hopes
U.S. stocks rallied on Tuesday, with the S&P 500 on track to erase losses from a two-day selloff, after Federal Reserve Chair Jerome Powell said the central bank would act “as appropriate” to trade war risks, leaving the door open for a possible rate cut.
Mexico’s deputy foreign minister Seade met Lighthizer over tariffs: staff member
Mexico’s Deputy Foreign Minister Jesus Seade met with U.S. Trade Representative Robert Lighthizer and U.S. Chamber of Commerce head Tom Donohue over a tariff and immigration dispute, a member of Seade’s staff said on Tuesday.
Trump says Republicans would be ‘foolish’ to block Mexican tariffs
U.S. President Donald Trump on Tuesday warned fellow Republicans in Congress not to block his efforts to impose tariffs on Mexico as part of his broader immigration fight amid reports that lawmakers are considering steps to block his latest trade salvo…
