Oil prices were little changed in early trading on Thursday, as markets watched for tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest suppliers of crude oil to United States.
President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday.
El candidato del presidente Donald Trump para dirigir el Departamento de Comercio dijo que México y Canadá pueden evitar los nuevos aranceles que vencen este fin de semana si toman medidas drásticas en materia de seguridad fronteriza,
He noted those tariffs were separate from a broad effort by the Commerce Department, the U.S. Trade Representative’s office and the Treasury Department to review trade relations and tariffs by April 1.
General Motors, the largest producer of cars in Mexico, won’t provide details on how it would react if President Trump imposes 25 percent tariffs from the two countries.
I think he’s going to be wise in how he does that,’ the House speaker said Monday of Trump’s warnings to America’s neighbors.
A brief standoff with Colombia holds important lessons for how future trade conflicts might unfold in the new Trump administration.
Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.
President Donald Trump’s nominee for commerce secretary, billionaire financial-services executive Howard Lutnick, made an effort Wednesday to ease concerns about potentially inflationary 25% tariffs against Canada and Mexico that could hit Saturday.
Mr. Trump and the White House have repeatedly said they intend to impose tariffs on Canada and Mexico on Saturday, prompting a renewed effort by the Canadian government to seek relief that included a multiday visit to Washington by Foreign Minister Mélanie Joly, who met Wednesday with Secretary of State Marco Rubio.
Howard Lutnick told a hearing Wednesday that Canada has treated U.S. farmers ‘horribly’ and he would work to make sure that they do ‘much, much better in Canada than they’ve ever done before’