Mexican President Claudia Sheinbaum said on Thursday that dialogue and cooperation remain ongoing with the United States, after U.S. President Donald Trump unveiled sweeping new tariffs that did not include Mexico.
Canada responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.
Republican states will bear the brunt of some of President Donald Trump's biggest budget cuts after Democratic states launched successful legal challenges. Newsweek sought email comment on Thursday from the Department of Defense;
Some Americans have rushed to buy cars ahead of potential price hikes tied to Trump's tariffs. Experts share advice on whether buying now is the right move.
Donald Trump has revealed plans for reciprocal tariffs for the majority of countries in the world—Newsweek has broken down the few that are not affected. The president announced the new measures in the Rose Garden on Wednesday,
Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.
President Donald Trump announced new tariffs, imposing a 10% baseline tax on most imports, with increased rates for nations with trade surpluses. Notable exceptions include Canada and Mexico due to existing agreements.
US President Donald Trump’s reciprocal tariff announcements on Wednesday left Canada and Mexico breathing a sigh of relief Wednesday as they were excluded from a new wave of reciprocal tariffs, which were slapped on countries starting with a baseline 10 per cent charge on imports going up to 46 per cent.