WASHINGTON — Canada’s foreign minister cut short a trip to Europe and rushed to Washington on Tuesday as President Trump’s top trade advisers reiterated that the United States is prepared to leave Canada out of a revised North American Free Trade Agreement with Mexico. Touting the agreement with Mexico as a major win, Trump administration…
Image copyright AFP/Getty Image caption The island authorities have struggled to repair infrastructure and the power grid and need $139bn in recovery funds Officials in Puerto Rico now say 2,975 people died following Hurricane Maria - a devastating storm that struck the US island territory in September 2017.The revised death toll is nearly 50 times…
(Reuters) - Toyota Motor Corp (7203.T) will invest $500 million in Uber Technologies Inc to jointly work on developing self-driving cars, the companies said on Monday, a bid by both to catch up to rivals in the hotly competitive autonomous driving business. Toyota, one of the world’s largest carmakers, and Uber [UBER.UL], the leading ride-hailing…
“Automakers urge the U.S. and Mexico to quickly re-engage with Canada to continue to build on this progress,” the Alliance of Auto Manufacturers, which represents most carmakers that sell vehicles in the United States, said in a statement. “The industry is hopeful that any changes to Nafta auto rules of origin continue to strike the…
Media playback is unsupported on your device Media captionDonald Trump speaks with the Mexican leader on the phone through a translator The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North American Free Trade Agreement.US President Donald Trump, a frequent critic of the existing…
By CHRIS CIRILLO | Nov. 28, 2017 | 1:57 A handful of Republican senators are on the fence about President Trump’s tax plan. Here are their concerns. Related: article: Senators Scramble to Advance Tax Bill That Increasingly Rewards Wealthy
The Senate tax-writing committee continues hammering out the details of its tax cut proposal on Tuesday, while the House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day:Plan Revisions Coming Later Tuesday, Hatch Says (9:36 a.m.)Senate Finance Committee Chairman Orrin Hatch said his “modified mark” isn’t…
The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and…
Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low. “My best guess is that these soft readings will not persist, and with…
