White House trade adviser Peter Navarro said on Wednesday a U.S. plan to impose tariffs on Mexican goods may not have to take effect, offering a glimmer of hope for Mexico and American businesses concerned that the levies could badly hit both consumers and companies.
Mexican President Andres Manuel Lopez Obrador said he is “optimistic” that talks in Washington aimed at averting across-the-board tariffs on Mexican exports to the United States can reach an agreement.
U.S. stocks gained on Wednesday after data showed that the private sector added fewest jobs in May since 2010, raising the odds that the Federal Reserve would cut interest rates to counter a potential slowdown.
White House trade adviser Peter Navarro said on Wednesday that U.S. tariffs on Mexican goods may not have to take effect because Washington now has Mexico’s attention on the issue.
U.S. stocks rose at the open on Wednesday after a report showed smallest monthly private jobs growth in May since 2010, raising bets that the central bank would lower interest rates to counter any economic slowdown.
Carnival Corp said on Wednesday it will no longer sail to Cuba following the Trump administration’s ban on cruises to the Caribbean island.
Britain’s former telecoms monopoly BT will consolidate its UK offices from 300 locations to roughly 30 sites while pressing ahead with plans to leave its St Paul’s headquarters in London, the company said on Wednesday.
U.S. private employers added 27,000 jobs in May, well below economists’ expectations and the smallest monthly gain in more than nine years, a report by a payrolls processor showed on Wednesday.
U.S. stock index futures pared gains on Wednesday after data showed that private employers added 27,000 jobs in May, falling far short of economists’ expectations.
Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence on Wednesday that their government has done enough to stem immigration and avoid looming tariffs.
Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy, while the dollar languished near seven-week lows.
The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to adopt a package of rules mandating brokerage firms disclose potential conflicts in the fees investors pay and the commission brokers earn when giving financial advice.
BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy, while the dollar languished near seven-week lows.
Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions.
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