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      in US Politics

      Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada

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      The US will press ahead with steep tariffs on Canada and Mexico from Tuesday, Donald Trump has said, setting the stage for a trade war with his country’s two largest economic partners.Hours before his administration was due to hit America’s closest neighbors with sweeping import duties, the US president claimed there was “no room left” for a deal to avoid their imposition. The announcement led to a sharp sell-off on Wall Street.All Mexican exports to the US are set to face a levy of 25% under the plans. Most Canadian exports will face a 25% tariff, with energy products facing a 10% duty.Trump also indicated that an additional 10% levy on China – on top of the 10% introduced last month – will also be introduced. Tariffs are a “very powerful weapon”, he told reporters at a news conference.The action is set to prompt swift retaliation. “We’re ready,” said the Canadian foreign minister, Mélanie Joly.Wall Street fell sharply after Trump’s remarks, with the S&P 500 down 1.7%, the Dow Jones industrial average down 1.5%, and the tech-heavy Nasdaq dropping over 2.6%.The tariffs will affect $900bn in annual imports from Canada and Mexico. The Ford CEO, Jim Farley, has warned they threaten to “blow a hole” in US industry.Trump has reluctantly conceded in recent weeks that higher tariffs could lead to higher prices in the US, but suggested the impact would be worth the cost. He has brushed off calls to tread carefully, escalating threats to go further.“Tariffs are easy, they’re fast, they’re efficient, and they bring fairness,” Trump said. He described the levies as a “a powerful weapon” that other presidents had not used because “they were dishonest, stupid or paid off in some other form”.Trump even took a swipe at Republican hero and staunch free-trader president, Ronald Reagan. “I’m a huge fan of Ronald Reagan but he was very bad on trade,” said Trump.Tariffs are “an act of war, to some degree”, the billionaire investor Warren Buffett warned recently. “Over time, they are a tax on goods,” he told CBS News. “I mean, the Tooth Fairy doesn’t pay ’em!”skip past newsletter promotionafter newsletter promotionOn Monday, Trump also pledged to impose tariffs on overseas agricultural goods within weeks. He claimed his administration would introduce tariffs on farm products from 2 April.A string of such deadlines – including vows to hit Canada and Mexico with tariffs in January, and then February – have been delayed, however, as economists and business leaders urge caution.“To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States,” Trump wrote on Truth Social, his social network, on Monday. “Tariffs will go on external product on April 2nd. Have fun!” More

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      in Elections

      On Mexico’s Once-Packed Border, Few Migrants Remain

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      On the eve of President Trump’s deadline to impose tariffs on Mexico, one thing is hard to miss on the Mexican side of the border: The migrants are gone.In what were once some of the busiest sections along the border — Ciudad Juárez, Tijuana, Matamoros — shelters that used to overflow now hold just a few families. The parks, hotels and vacant buildings that once teemed with people from all over the world stand empty.And on the border itself, where migrants once slept in camps within feet of the 30-foot wall, only dust-caked clothes and shoes, rolled-up toothpaste tubes and water bottles remain.“All that is over,” said the Rev. William Morton, a missionary at a Ciudad Juárez cathedral that serves migrants free meals. “Nobody can cross.”Last week, the U.S. Department of Homeland Security secretary, Kristi Noem, announced that Customs and Border Protection had apprehended only 200 people at the southern border the Saturday before — the lowest single-day number in over 15 years.Mr. Trump has credited his crackdown on illegal immigration for the plunging numbers, even as he has also announced he will send thousands more combat forces to the border to stop what he calls an invasion.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in US Politics

      US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says

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      Donald Trump’s commerce secretary, Howard Lutnick, said on Sunday that US tariffs on Canada and Mexico will go into effect on Tuesday, but the president would determine whether to stick with the planned 25% level.“That is a fluid situation,” Lutnick told the Fox News program Sunday Morning Futures.“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate.”Lutnick’s comments were the first indication from Trump’s administration that it may not impose the full threatened 25% tariffs on all goods from Mexico and non-energy imports from Canada.He said the two countries have “done a reasonable job” securing their borders with the United States, though he maintained the deadly drug fentanyl continues to flow into the country.Trump sowed confusion last week when he mentioned a possible 2 April deadline in connection with tariffs on Canada and Mexico. But he later reaffirmed the Tuesday deadline and said he would add another 10% tariff on Chinese goods that day, effectively doubling 10% duties imposed on 4 February.Lutnick said Trump was expected to raise tariffs on China on Tuesday unless the country ends fentanyl trafficking into the US. More

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      Mexican drug lord pleads not guilty to killing of DEA agent after US extradition

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      After years as one of US authorities’ most wanted men, the Mexican drug cartel boss Rafael Caro Quintero was brought into a New York courtroom on Friday to answer charges that include orchestrating the 1985 killing of a US federal agent.Caro Quintero pleaded not guilty to running a continuing criminal enterprise. Separately, so did Vicente Carrillo Fuentes, the leader of another cartel. Carrillo is accused of arranging kidnappings and killings in Mexico but not accused of involvement in the death of the DEA agent Enrique “Kiki” Camarena.Caro Quintero, Carrillo Fuentes and 27 other Mexican prisoners were sent on Thursday to eight US cities, a move that came as Mexico sought to stave off the Donald Trump administration’s threat of imposing 25% tariffs on all Mexican imports next week.For Camarena’s family, the arraignments marked a long-awaited moment.“For 14,631 days, we held on to hope – hope that this moment would come. Hope that we would live to see accountability. And now, that hope has finally turned into reality,” the family said in a statement thanking Trump and everyone who has worked on the case over the years.The White House, in a statement Friday ahead of the arraignments, called Caro Quintero “one of the most evil cartel bosses in the world”.In exchange for delaying tariffs, Trump had insisted that Mexico crack down on cartels, illegal immigration and fentanyl production.But members of Mexico’s security cabinet on Friday framed the transfer of the 29 prisoners as a national security decision.“It is not a commitment to the United States. It is a commitment to ourselves,” said Mexican attorney general Alejandro Gertz Manero. “The problem of drug trafficking and organized crime has been a true tragedy for our country.”Mexican security secretary Omar García Harfuch said the people sent into US custody were “generators of violence” in Mexico and represented a security threat to both countries.Caro Quintero had long been one of America’s top Mexican targets for extradition.He was one of the founders of a Guadalajara-based cartel and one of the primary suppliers of heroin, cocaine and marijuana to the US in the late 1970s and 1980s.Caro Quintero had Camarena kidnapped, tortured and killed in 1985 because he blamed the agent for a raid on a huge marijuana plantation the year prior, authorities said. Camarena’s killing marked a low point in US-Mexico relations and was dramatized in the popular Netflix series Narcos: Mexico.Caro Quintero had been 28 years into a 40-year sentence in Mexico when an appeals court overturned his verdict in 2013.After his release, he returned to drug trafficking and unleashed bloody turf battles in the northern Mexico border state of Sonora until he was arrested by Mexican forces in 2022, authorities said.skip past newsletter promotionafter newsletter promotionCaro Quintero told the Spanish newspaper El País in 2018 that he “never went back to drugs”.“Whoever’s saying it is a liar!” he said, according to the newspaper. “I’m not working any more, let’s be clear about that! I was a drug trafficker 23 years ago, and now I’m not, and I won’t ever be again.”The US, which had added Caro Quintero to the FBI’s 10 most wanted list in 2018 with a $20m reward, sought his extradition immediately after his 2022 arrest. It happened days after the Mexican and US presidents at the time, Andrés Manuel López Obrador and Joe Biden respectively, met at the White House.But the request remained in limbo as López Obrador severely curtailed his country’s cooperation with the US to protest undercover American law enforcement operations targeting Mexican political and military officials.Then, in January, a non-profit group representing the Camarena family sent a letter to the new Trump administration urging it to renew the extradition request.Carrillo Fuentes is the brother of the drug lord Amado Carrillo Fuentes, known as “The Lord of The Skies”, who died in a botched plastic surgery in 1997. Carrillo Fuentes, who was known as “The Viceroy”, continued his brother’s business of smuggling drugs over the border until his arrest in 2014.He was sentenced in 2021 to 28 years in prison for organized crime, money laundering and weapons violations.Among the others extradited are leading members of Mexican organized crime groups recently designated by the Republican administration as “foreign terrorist organizations”.They include cartel leaders, security chiefs from both factions of the Sinaloa cartel, cartel finance operatives and a man wanted in connection with the killing of a North Carolina sheriff’s deputy in 2022. More

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      in Elections

      Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them.

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      President Trump’s promise during last year’s election to make it far easier to drill for oil and gas thrilled energy executives who believed his policies would lower their costs and help them make a lot more money.Those hopes are now fading. Thanks to Mr. Trump’s tariffs, the oil and gas industry is contending with rising prices for essential materials like steel pipes used to line new wells.That has not yet translated into a meaningful change in U.S. drilling activity or production expectations, but companies have begun revising budgets to reflect higher materials costs. Decisions made today about which wells to drill will affect production many months from now.Oil refineries are separately bracing for a tariff on Canadian oil, which some of them need to produce gasoline, diesel and other fuels.At the same time, consumers have grown jittery about the economy and the price of oil has fallen about 10 percent since just before Mr. Trump took office, to around $70 a barrel. Oil companies tend to drill less when prices fall.The combination could complicate Mr. Trump’s stated desire to juice U.S. oil and natural gas production, which are already at or near record highs.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      China promises ‘countermeasures’ after Trump threatens additional 10% tariff

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      Donald Trump has threatened China with an additional 10% tariff on its exports to the US, prompting a promise of “countermeasures” from Beijing and setting the stage for another significant escalation in the two governments’ trade war.The US president also claimed he planned to impose tariffs on Canada and Mexico starting next Tuesday, having delayed their imposition last month after talks with his counterparts.Posting on Truth Social on Thursday, Trump said illicit drugs such as fentanyl were being smuggled into the US at “unacceptable levels” and that import taxes would force other countries to crack down on the trafficking.“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” the Republican president wrote. “China will likewise be charged an additional 10% Tariff on that date.”If Trump makes good on this latest threat, the move would further strain relations between the US and its largest trading partners.In response, China’s commerce and foreign ministries on Friday vowed to retaliate if Chinese companies were affected by the tariffs, accusing the US of using fentanyl as a “pretext” to threaten China.“Such behaviour is purely ‘shifting blame and shirking responsibility,’ which is not conducive to solving its own problems,” a commerce ministry spokesperson said. “If the US insists on proceeding with this course of action, China will take all necessary countermeasures to safeguard its legitimate rights and interests.”Canada and Mexico have promised to retaliate if the US imposes tariffs on their exports. China hit back swiftly when Trump imposed a 10% tariff on its exports earlier this month.The Trump administration has repeatedly raised the threat of tariffs, vowing to rebalance the global economic order in the US’s favor. A string of announced measures have yet to be introduced, however, as economists and businesses urge officials to reconsider.The duties on imports from Canada and Mexico have been repeatedly delayed; modified levies on steel and aluminum will not be enforced until next month, and a wave of “reciprocal” tariffs, trailed earlier this month, will not kick in before April.This week, the US president vowed to slap 25% tariffs on the EU, claiming the bloc was “formed to screw the United States”, although details remain sparse. Duties will be applied “generally”, Trump said, “on cars and all other things”.The prospect of escalating tariffs has already thrown the global economy into turmoil – with consumers expressing fears about inflation worsening and the auto sector possibly suffering if the US’s two largest trading partners in Canada and Mexico are slapped with taxes.The prospect of higher prices and slower growth could create political blowback for Trump.Associated Press contributed reporting More

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      in Elections

      Trump Says Canada and Mexico Tariffs Will Go Into Effect Next Week

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      Tariffs on imports from Canada and Mexico would go into effect on March 4 “as scheduled,” President Trump said on Thursday morning, claiming that those countries were still not doing enough to stop the flow of drugs into the United States.China will also face an additional 10 percent tariff next week, on top of the 10 percent he imposed earlier this month, the president wrote in a post on Truth Social.“Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels,” he said. “A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China.” He added that the levies were necessary until the flow of drugs “stops, or is seriously limited.”In an effort to stem the flow of migrants and drugs, Mr. Trump threatened to impose tariffs on all products from Canada, Mexico and China in early February. But after Mexico and Canada promised measures like sending more troops to the border and, in the case of Canada, appointing a “fentanyl czar,” Mr. Trump paused their tariffs for one month.He moved ahead with imposing a 10 percent tariff on all products from China, on top of those already in place, which prompted China to retaliate with its own tariffs on American goods.The post Thursday appeared to be an attempt by Mr. Trump to clarify his plans, after his remarks at the White House on Wednesday sowed confusion about whether the tariffs had been delayed.When asked about tariffs on Canada and Mexico on Wednesday, Mr. Trump said that they would proceed — but mentioned April 2, which is when he has said another batch of tariffs on various countries, which he has called reciprocal tariffs, would go into effect.Some investors interpreted those remarks as a sign the president meant to continue delaying the tariffs related to drugs and migrants, and the value of the peso and the Canadian dollar increased. But a White House official on Wednesday clarified that the April 2 date referred to other tariffs, not those on Canada and Mexico.“The April Second Reciprocal Tariff date will remain in full force and effect,” Mr. Trump wrote Thursday. More

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      Woman Lured, Drugged and Stole From Older Men in Deadly Scheme, U.S. Says

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      The 43-year-old woman was arrested in Mexico after a “romance scam on steroids,” an F.B.I. agent said.A 43-year-old Las Vegas woman has been arrested in Mexico on charges that she lured at least four older men on dating websites, drugged them and tried to steal millions of dollars from them in a deadly scheme, the authorities said Friday.The woman, Aurora Phelps, was charged with one count of kidnapping resulting in death in the scheme, which the F.B.I. said had led to at least three deaths.Spencer L. Evans, the top F.B.I. agent in Las Vegas, said Friday that the investigation was “ongoing” and that Ms. Phelps might face more charges in the United States and Mexico.In one case, Ms. Phelps drugged a man in Las Vegas after meeting him online, took him to Mexico City and used his credit card to rent a hotel room, where he died, according to a 21-count indictment unsealed this month.Ms. Phelps pushed the man, who was “zonked out of his mind” on drugs, in a wheelchair as they crossed the U.S.-Mexico border at a pedestrian crossing, Mr. Evans said in an interview on Friday.She took her daughter on the trip to Mexico City, in November 2022, according to the authorities. She had drugged the man during a lunch in Las Vegas one day after meeting him on an online dating service, according to the indictment, filed in federal court in Nevada.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More