Automakers tremble in Asia as Trump threatens Mexico tariffs
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
Trump vows rapid, high tariffs on Mexico unless illegal immigration ends
U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
Iran rejects ‘baseless’ Arab summit accusations: state media
Iran on Friday rejected what it called “baseless” accusations made at an Arab summit, saying Saudi had joined the United States and Israel in a “hopeless” effort to mobilize regional opinion against Tehran, state media reported.
Exclusive: India to see ‘big-bang’ reforms in Modi’s second term, says government think tank
In the first 100 days of Indian Prime Minister Narendra Modi’s second term, a slew of ‘big-bang’ economic reforms that should please foreign investors are likely to be pursued, according to a top official at the government’s main think tank.
Russia’s Putin, Japan’s Abe to hold summit meet on June 29
Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe will hold a summit meeting on June 29, when Putin visits Japan for a meeting of leaders of the Group of 20 nations, Russian Foreign Minister Sergei Lavrov said on Friday.
Pompeo to press Germany on military spending, Huawei, Nordstream on delayed visit
U.S. Secretary of State Mike Pompeo began a five-day European trip on Friday with a delayed visit to Berlin, where he was expected to press Germany to boost its military spending, avoid dealings with China’s Huawei Technologies Co Ltd and reconsider a pipeline project with Russia.
Russia’s Putin, Japan’s Abe to hold summit meeting June 29: Lavrov
Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe will hold a summit meeting on June 29, when Putin will be in Japan for a Group of 20 leaders summit, Russian Foreign Minister Sergei Lavrov said on Friday.
Blast hits Afghan capital Kabul, at least seven casualties
A car bomb exploded in Kabul on Friday, killing or wounding at least seven people and sending a plume of white smoke into the sky, witnesses and officials said, in the second attack in the Afghan capital in two days.
North Korea executes envoys in a purge after failed summit: South Korean newspaper
North Korea executed its nuclear envoy to the United States as part of a purge of officials who steered negotiations for a failed summit between leader Kim Jong Un and U.S. President Donald Trump, a South Korean newspaper said on Friday.
Factbox: Tariff wars – duties imposed by Trump and U.S. trading partners
U.S. President Donald Trump said on Thursday he would impose 5% tariffs on all goods imported into the United States from Mexico and raise them every month until they reached 25% unless the Mexican government takes action to stem illegal immigration.
