There is a reason why it matters to automakers
A trade group representing US-based auto parts makers has said that 25% tariffs on Mexico and Canada would have “severe consequences” for suppliers, workers and consumers alike. It added that it was not dependent on Canada. This comes as US President Trump threatened to impose 25% tariffs on Mexico and Canada if they don’t strike a deal to reduce immigration or stop drugs from entering.
The Mexico tariffs were put on hold after a call between Trump and the Mexican president
US President Trump has said that a 25% import tax on goods from Mexico and Canada, alongside 10% tariffs on goods from China, will go into effect on Tuesday. The move would raise the costs of cars imported from Mexico, like Toyota Tacoma or Chrysler Pacifica. It would raise the price of cars assembled in the US because many of their parts are from companies in Canada.
Why did the website go down?
The US State Department has re-visited the web page of US Agency for International Development (USAID), a government body that funds aid projects in the world. The original USAID website, which covered the wide range of the agency’s portfolio, was shut down after the Trump administration’s partial government shutdown. The new page includes seven items, including information about global health and conflict prevention.
Will Netanyahu take Trump’s deal when they meet?
Israeli Prime Minister Benjamin Netanyahu on Saturday said, “I’ve been in talks with US Secretary of State Mike Pompeo on a number of issues, including the situation in the Middle East.” Netanyahu added, “I am confident that we’re going to get this deal done.” Netanyahu also met US First Lady Melania Trump on the sidelines of the UN General Assembly.
If Panama does not curb Chinese influence around the canal, the U.S. will take action
Former US President Jimmy Carter had signed treaties to gradually give control of Panama Canal to Panama after the US controlled it between 1903 and 1977. The Panama Canal is an important part of global trade. However,Carter signed treaties to gradually give control of the Canal Zone to Panama after the US controlled it between 1903 and 1977.
There will be a massive impact of Trump’s tariffs
US President Donald Trump said his tariffs on Canadian and Mexican steel and aluminium were done through International Emergency Economic Powers Act “because of the major threat…of illegal aliens and deadly drugs killing our citizens, including fentanyl”. He also said the tariffs will benefit the American people. However, the tariffs will increase the cost of building and selling a car in the US.
Mexico, Canada and China are included in the new phase of the trade war
Goods from Mexico and Canada will face a 25% import tariffs from February 1 under the proposed plan by US President Donald Trump. The White House has said Trump was very much considering tariffs on China on the same day. Trump has previously threatened up to a 60% tariff on goods from China, a 100% tariff on goods from Mexico and a 200% tariff on John Deere products imported into the US.
A third Black Hawk crew member has been identified
The National Transportation Safety Board (NTSB) has said that it has retrieved both the black boxes of the American Airlines flight that collided with an Army helicopter in Washington, DC on Wednesday, killing all 67 passengers and crew on board. The black boxes will be sent to the National Transportation Safety Board for further investigation.
A small medical plane crashes in Philadelphia, killing 7 and injuring 19
A plane crash in the US’ Philadelphia killed at least one person and left several others injured on Saturday, officials said. The plane was carrying six people to a hospital in Mexico’s El Paso. “I am sorry to see the plane go down,” Philadelphia Mayor Jim Kenney said. The injured have been taken to three hospitals in Philadelphia, officials added.
Businesses and shoppers will be affected by the tariffs on Mexico and Canada
US President Donald Trump has threatened to impose tariffs on Mexican and Canadian imports, warning he’ll impose “very big” tariffs on Chinese and US products if the tariffs aren’t waived off by the US government. The move will raise prices of laptops and phones for American consumers, Consumer Technology Association said. “Increasing expenses by 25% is going to lead to higher costs,” it added.