U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world's largest economies late this month.
Mexican and U.S. officials are set to resume talks on trade and migration on Thursday, with the United States resisting calls from its southern neighbor, businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on Mexico.
Officials of the U.S. Federal Reserve and International Monetary Fund separately warned on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.
Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at averting an imposition of tariffs on Mexican goods, with President Donald Trump saying "not enough" progress on ways to curb migration was made when the two sides met on Wednesday.
U.S. refiners warned the Trump administration that tariffs on imports from Mexico could deliver a punishing blow to refiners and raise the cost of gasoline just as the U.S. driving season kicks into high gear, according to sources familiar with the discussions.
Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world's third-biggest automaker.
Mexican Foreign Minister Marcelo Ebrard said his meeting with U.S. officials on Wednesday focused on migration flows and what Mexico is trying to do to slow them rather than U.S. President Donald Trump's threat to impose tariffs over the issue.
President Donald Trump said on Wednesday that progress was being made in talks with Mexico to stem the flow of migrants to the United States and would continue on Thursday, but unless an agreement can be reached a 5% tariff on Mexican goods would begin on Monday.
Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault , blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker.
The Securities and Exchange Commission has approved a rule requiring brokers to act in the best interest of clients when recommending investments.
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Nearly 6 in 10 Americans don't know that closing a credit card account can actually hurt your credit score, according to a new survey.
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