Mexico, Trump and European Union
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Most nations are still negotiating in hopes of avoiding punitive import taxes. At the same time, they’re looking for trading partners as a way around the United States.
US trading partners trying to navigate the final weeks of negotiations before President Donald Trump’s so-called reciprocal tariffs hit are facing a leader who has made clear he’s lost patience with talks.
President Donald Trump is hitting some of America’s biggest trading partners with new tariff threats with some as high as 50%.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
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Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.
The future of industrial towns like Scunthorpe and Port Talbot may rest on the wider fate of the UK's steel industry.
Rastegar Property Company CEO Ari Rastegar joins ‘Fox News Live’ to discuss President Donald Trump’s latest tariff announcement and the potential for Zohran Mamdani to be the next mayor of New York City.