Trump, Mexico and European Union
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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.
Betting on Mexico’s currency has paid off for investors even amid Donald Trump’s trade war.The peso is up more than 11% this year, beating all regional peers, even as it dipped Monday following the latest tariff news — a threat of a 30% levy announced over the weekend.
The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.
When it comes to the U.S. president, the vast majority of Mexican adults (91%) say they have little to no confidence in Trump to do the right thing regarding world affairs. By comparison, a smaller majority of Mexicans (60%) expressed little or no confidence in Biden in 2024.
US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.
President Trump set a 50 day deadline for a ceasefire deal between Russia and Ukraine or else he will hit Russia with "severe" tariffs. Also, the U.S. is sending weapons to Ukraine through NATO. Politico Foreign Affairs Correspondent Eli Stokols and Puck Founding Partner Julia Ioffe join Katy Tur to react to Trump's change in tone on Russian President Putin.
U.S. stock indexes are edging mostly lower following President Donald Trump’s latest updates to his tariffs, but Wall Street is hanging near its record amid speculation about whether the president may ultimately back down.