President Donald Trump pledged hundreds of billions in tariffs to remake the global economy and target even his closest neighbors. But so far, it’s been more Art of the Deal than a revolution.
President Donald Trump pledged hundreds of billions in tariffs to remake the global economy and target even his closest neighbors.Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Colombia the prior week. In each case, Trump relented despite countries promising only modest changes on border security and immigration.
But the deferrals are only likely to feed the US president’s growing reputation for stopping short of his bombast when it comes to trade, using the levies as a negotiating ploy. Meanwhile in world capitals, leaders are taking stock of how to respond to the White House. Much of Canada’s Liberal Party leadership campaign to replace Prime Minister Justin Trudeau has centered on how to take on Trump. And internationally minded businesses across the closest of US allies have been forced for weeks into reviewing their own supply chains.
But they struck a familiar tone. Mexico agreed to dispatch 10,000 troops to its own southern border under President Joe Biden’s administration in 2021, and also dispatched several thousand troops to its southern border in 2019 amid similar pressure from Trump over migration. But as time passed with no deal, Canadian officials grew frustrated at the lack of information about what Trump was looking for, and raised doubts that fentanyl was his true motivation.
The standoff between Trump and his Mexican counterpart took about a week until the president on June 7, 2019, announced in a social media post that he had “reached a signed agreement with Mexico” and tariffs scheduled to be implemented were “indefinitely suspended.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump vows tariffs ‘much bigger’ than 2.5% and on key areas | Stephanie Lai, Billy House & Josh WingrovePresident Donald Trump said he wants to enact across-the-board tariffs that are “much bigger” than 2.5 percent, the latest in a string of signals Monday that he’s preparing widespread levies to reshape US supply chains.
Read more »
Canada and Mexico hit back at Trump tariffs, China vows countermeasures | Josh Wingrove, Skylar Woodhouse & Jennifer A. DlouhyCanada and Mexico vowed to hit back at US tariffs with tit-for-tat measures, after President Donald Trump followed through on his threats of general levies of 25% and began a trade war that’s set to reshape global supply chains.
Read more »
Trump targets loophole Temu, Shein used to take on Amazon | Jennifer A. Dlouhy, Josh Wingrove & Spencer SoperPresident Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against international e-commerce, with apparent plans to extinguish a long-held tariff exemption for packages worth less than $800.
Read more »
DMW to file negligence case vs employer of OFW Jenny AlvaradoLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
DMW Investigates Potential Liability of Employer in Death of OFW Jenny AlvaradoThe Department of Migrant Workers (DMW) is investigating the potential liability of the employer of deceased overseas Filipino worker Jenny Alvarado under Kuwaiti law. DMW Secretary Hans Leo Cacdac stated that a Kuwaiti lawyer is reviewing the case and legal action will be taken if the employer is found liable. Meanwhile, the NBI conducted an autopsy on Alvarado's remains after Philippine authorities discovered that the Kuwaiti counterparts did not. The DMW is also studying the effectiveness of existing restrictions on OFW deployment.
Read more »
Davos seeing raft of Trump ‘unknowns’ counsels calm and caution | Jenny Leonard & Alessandra MigliaccioThe global elite in Davos woke up Tuesday breathing a sigh of relief after President Donald Trump concluded his first day in office only talking about trade wars rather than starting any.
Read more »