Mexico, Trump and tariff
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For most world leaders, tariff letters from US President Donald Trump mean a big headache. But for one Southeast Asian general, the communique is being spun as welcome recognition of the embattled, isolated and reviled junta he leads.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.
Trump said that if the EU or Mexico retaliates with higher tariffs, "then, whatever the number you choose to raise them by, will be added on to the 30% that we charge." President Donald Trump said Saturday the U.
The U.S. has sanctioned Myanmar's military junta and refused to acknowledge its rule, so Mr. Trump's personal letter to its leader was welcomed, despite the subject.
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The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
Economists and investors are left guessing by President Donald Trump’s tariff agenda as he grants extensions then threatens higher tariffs in letters to trading partners. It remains to be
It’s a possible sign that President Donald Trump’s wave of tariff letters is again raising concern among investors.