U.S. and Mexico officials will meet for a second day today ahead of the deadline for imposing tariffs south of the border. More in Morning Trade:
The administration gave a nod to Democratic concerns with the pact’s labor, environment and pharmaceutical provisions. It said it would “continue to work with Congress on potential changes to U.S. law” that would be necessary to ensure adequate monitoring and enforcement of labor and environmental obligations.
He supported Trump’s moves against telecom giant Huawei and said blacklisting similar companies could be a way to ramp up pressure on China without raising tariffs. But he blasted Trump’s potential tariff action against Mexico, saying it was destabilizing to the U.S. economy and counterproductive in forming a coalition of allies in the fight against China, the source said.A limited U.S.
Baert acknowledged the two sides still haven’t arrived at a common vision of what the final deal should cover. For its part, the EU wants a deal based on theissued by Trump and European Commission President Jean-Claude Juncker on July 25, 2018. The EU opposes any quota restrictions on its exports. But it is happy to reduce its auto tariffs to zero as part of a negotiated settlement with the United States, since it has already done that with Japan and Canada, Baert said. “We want to get rid of car tariffs,” he said.Chuck Grassley
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