Fiat Chrysler withdraws merger offer for Renault: WSJ
Fiat Chrysler has withdrawn its merger offer for Renault, the Wall Street Journal reported on Wednesday.
Fiat Chrysler has withdrawn its merger offer for Renault, the Wall Street Journal reported on Wednesday.
If President Donald Trump follows through on his threat to impose across-the-board tariffs on Mexican goods entering the United States, the U.S. Congress will likely try to halt the action with legislation that would face formidable hurdles to enactment.
U.S. Secretary of State Mike Pompeo is holding a one-on-one meeting on Wednesday with Mexican Foreign Minister Marcelo Ebrard following a larger meeting at the White House on trade and immigration, a State Department official said.
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.
When Eric and Donald Trump, Jr. arrived in the one corner of Ireland celebrating their father's first visit as U.S. president, they had one question for the locals: "Does Doonbeg love Trump?"
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.
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.
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.
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.
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.
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.