Author: Paul Wiseman
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Trump lifts tariffs on Mexico, Canada, delays auto tariffs
WASHINGTON • Bogged down in a trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America’s allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on Canada and Mexico,…
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Slowing economies could prod U.S., China to reach deal
WASHINGTON • The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness. The import taxes the two sides have imposed on hundreds of billions of each other’s goods — and the threat of more to come — have heightened…
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Trump comments upend approach to Huawei, trade talks
WASHINGTON • The United States and China have taken pains this week to emphasize that their trade talks are entirely separate from the U.S. case against a top Chinese technology executive. But with a few words, President Donald Trump obliterated the distinction. Trump said Tuesday he’d wade into the case against Meng Wanzhou, the chief…
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US, China reach 90-day ceasefire in their trade dispute
BUENOS AIRES, Argentina — The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting Saturday between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires. Trump agreed…
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Trump’s new NAFTA faces skeptics in now- Democrat-led House
Robert Lighthizer WASHINGTON • President Donald Trump spent more than a year browbeating the leaders of Canada and Mexico into agreeing to a rewrite of North American trade rules. And on Friday, leaders of those two nations are set to sign the pact at the Group of 20 summit in Buenos Aires, Argentina. Now, Trump…
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NAFTA 2.0 could bring back some jobs, but at what cost?
WASHINGTON • President Donald Trump insists his new North American trade deal will deliver a victory for U.S. factory workers by returning many high-paying jobs to the United States. Maybe. But a review of the agreement suggests that it could also mean higher prices for consumers and more inefficiencies for businesses. And the biggest winners…
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AP FACT CHECK: Trump’s imaginary wages, trade falsehoods
WASHINGTON — It was a week of exaggeration and outright fiction for President Donald Trump as he sought to push through a trade pact with Mexico, hyped numbers on jobs and raged against Google and the Russia investigation. He wrongly describes the deal to replace the three-nation North American Free Trade Agreement as “one of…
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US and Mexico tentatively set to replace NAFTA with new deal
WASHINGTON — Snubbing Canada, the Trump administration reached a preliminary deal Monday with Mexico to replace the North American Free Trade Agreement — a move that raised legal questions and threatened to disrupt the operations of companies that do business across the three-country trade bloc. President Donald Trump suggested that he might leave Canada, America’s…
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US impose new trade tariffs; EU, Mexico pledge to retaliate
WASHINGTON — The Trump administration delivered a gut punch to America’s closest allies Thursday, imposing tariffs on steel and aluminum from Europe, Mexico and Canada in a move that drew immediate vows of retaliation. Stock prices slumped amid fears of a trade war, with the Dow Jones industrial average falling nearly 252 points, or 1…
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Treasury Secretary Steven Mnuchin says US and China putting trade war on hold
WASHINGTON — Treasury Secretary Steven Mnuchin said Sunday that the United States and China are stepping back from a possible trade war after two days of talks that produced “meaningful progress.” Despite not getting China to agree to trim its overall trade surplus with America by a specific amount, Mnuchin said the U.S. team did…