The European Union and Mexico link arms to fend off the impact of tariffs threatened by incoming U.S. President Donald Trump.

China isn’t the sole target. Trump has proposed 10% tariffs on European and Asian imports and 5% on Mexican goods. The International Emergency Economic Powers Act (IEEPA) could be invoked for swift, sweeping action,

Mexico and the European Union are announcing a revamped agreement that they said would boost trade and investment, amid Trump's tariff threats.

President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North American trade policy that could raise prices for American consumers.

The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.

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President Donald Trump widened his tariff threats to include China and the European Union on his second day back in office after day one saw Canada and Mexico in his sights.

The European Union has bolstered its trading agreement with Mexico, particularly for food and drink exports, as the bloc prepares for President Trump’s ‘golden era’.

During his last term, Trump set his sights on Mexico over concerns that Chinese automakers would use the country as a back door to sell their vehicles in the U.S. In response, he negotiated a new trade agreement, called the USMCA, that went into effect in July 2020 with updated rules of origin for cars.

Hedge funds have turned optimistic about European companies that sell things people want but don't necessarily need, especially luxury goods, according to a Goldman Sachs note on Wednesday seen by Reuters on Thursday.

Canada, Mexico, China and other nations are formulating plans in response to President Trump’s proposed tariffs that could take effect Feb. 1.

President Trump criticized Europe yesterday for what he called “unfair” trade practices and regulations during a video appearance at the World Economic Forum in Davos. He vowed to impose tariffs on companies that choose to produce outside the U.S.