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Mexico's president celebrates US tariff delay but looming threat rattles companies on both countriesTrump postponed tariffs on Mexican goods once again last week. As Mexico's president celebrated the delay, some companies rushed to stockpile goods in warehouses along the border ahead of the new April 2nd deadline.
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The Trump administration will delay tariffs on all products from Mexico under the USMCA trade treaty for almost one month to April 2, President Trump announced on Thursday.
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From produce to new cars, economists say Texas will be particularly hamstrung by the new tariffs.
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The 25% tariffs on imports from Canada and Mexico were expected to go into effect on Tuesday.
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U.S. President Donald Trump announced that he would pause his executive orders on the tariffs for one month after Mexico agreed to deploy 10,000 troops to reinforce its border so as to cut the flow of fentanyl and other drugs into the U.S. Mexican President Claudia Sheinbaum added that the deal also commits the Trump administration to fight the flow of weapons flowing south into Mexico.
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With President Trump back in office, Mexico's President Sheinbaum braces for strained relations. U.S. public support for hardline policies targeting Mexico is on the rise, and looming energy reforms and trade negotiations add to the challenges.
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Such policy could have particular negative implications for workers in Texas, should they be raised on products from Mexico.
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President Donald Trump's trade war with China, until now mainly an abstraction for American consumers, is about to hit home.Beginning Sunday, the U.S.…
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Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.
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President Donald Trump announced that he had suspended plans to impose tariffs on Mexico, tweeting that the country "has agreed to take strong measures"…
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A former U.S. ambassador to Mexico warned that the recent drama over tariffs on Mexican products may not be over. He's worried it may resume in three...
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The president said at a press conference with British Prime Minister Theresa May that new economic restrictions would begin to bite, possibly even during negotiations between the two sides.