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U.S. refiners warn Trump: Mexico tariffs could result in higher fuel prices

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.



3 years ago

Fiat Chrysler withdraws merger offer for Renault

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.



3 years ago

Mexico's Ebrard says talks with U.S. focused on migration flows, not tariffs

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.



3 years ago

Trump says progress made in talks with Mexico but 'not nearly enough'

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.



3 years ago

Fiat Chrysler withdraws merger offer for Renault, blames French politics

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.



3 years ago

Trump tells Mexico to stop "invasion" of migrants

U.S. President Donald Trump told Mexico to stop the "invasion" and "onslaught" of migrants entering the United States illegally, or face rising U.S. import tariffs which would cause the loss of foreign investment.



3 years ago

Trump says U.S. likely to go ahead with tariffs on Mexico over immigration

President Donald Trump on Tuesday said he would probably order new tariffs on all Mexican goods imported to the United States next week despite a diplomatic push to avoid the levies, citing high flows of migrants entering the United States from Mexico.



3 years ago

Trump says Republicans would be 'foolish' to block Mexican tariffs

U.S. President Donald Trump on Tuesday warned fellow Republicans in Congress not to block his efforts to impose tariffs on Mexico as part of his broader immigration fight amid reports that lawmakers are considering steps to block his latest trade salvo.



3 years ago

Mexico's deputy foreign minister Seade met Lighthizer over tariffs: staff member

Mexico's Deputy Foreign Minister Jesus Seade met with U.S. Trade Representative Robert Lighthizer and U.S. Chamber of Commerce head Tom Donohue over a tariff and immigration dispute, a member of Seade's staff said on Tuesday.



3 years ago

Huawei lawyer tells U.S. jury spelling errors, video show rival stole trade secrets

A former engineering manager used Huawei Technologies Co Ltd trade secrets and lured away 24 of its employees to improperly build his startup company, a lawyer for the Chinese telecommunications firm told a Texas jury on Tuesday.



3 years ago

Renault board adjourns FCA merger meeting to Wednesday

Renault's board has adjourned a meeting to examine the merger proposal pitched last week by Fiat Chrysler until Wednesday afternoon, the French carmaker said.



3 years ago

Trump likely to slap tariffs on Mexico, decries migrant 'onslaught'

President Donald Trump on Tuesday said he would probably defy Mexico, U.S. business groups and lawmakers from his own party and impose new tariffs on imports of all goods from Mexico to pressure authorities there to clamp down on illegal immigration into the United States.



3 years ago

McConnell says 'not much support' for Mexico tariffs among U.S. Republicans

U.S. Senate Majority Leader Mitch McConnell said on Tuesday there was "not much support" among his fellow Republicans for President Donald Trump's proposed tariffs on Mexico.



3 years ago

Auto industry tallies cost of Trump's threatened Mexico tariffs

Major automakers are assessing the cost of tariffs that U.S. President Donald Trump has threatened to impose on Mexican imports, both to themselves and their supply chain, and are planning to delay some vehicle shipments, people briefed on the plans told Reuters on Tuesday.



3 years ago

Trump trade war may push Fed closer to rate cut it resisted

U.S. President Donald Trump may finally get the rate cut he has been demanding, but for the wrong reasons, as top Federal Reserve officials began warning this week that the global trade war may force them to respond.



3 years ago