Business

MEXICO CITY, June 1 (Xinhua) -- Mexican President Andres Manuel Lopez Obrador said Saturday he was optimistic about reaching an agreement with Washington over the proposed punitive tariffs on imported goods coming from Mexico.

"There is a willingness on the part of U.S. officials to establish a dialogue and reach agreements," Lopez Obrador told reporters at a press conference in Veracruz, a major port city on the Gulf of Mexico.

BEIJING, June 2 (Xinhua) -- China and the US are each other's largest trading partner and important source of investment, and their commercial cooperation has brought substantial benefits to both countries and both peoples, according to a white paper titled China's Position on the China-US Economic and Trade Consultations released by the State Council Information Office on Sunday.

In 2018, bilateral trade in goods and services exceeded US$750 billion, and two-way direct investment approached US$160 billion, the white paper said.

WASHINGTON (AP) — Despite pushback from U.S. business, Mexico and Capitol Hill, President Donald Trump is doubling down on his threat to slap a 5% tariff on Mexican imports unless America’s southern neighbor cracks down on Central American migrants trying to cross the U.S. border.

U.S. manufacturers said the tariff, set to take effect June 10, would have devastating consequences on them and American consumers. U.S. stocks tumbled on Wall Street in response to Trump’s planned action.

WASHINGTON (AP) — The momentum that supporters have tried to build for a new North American trade deal has run into some Trump turbulence.

The Trump administration had taken steps in recent weeks to work with Democratic and Republican lawmakers to address concerns about the proposed United States-Mexico-Canada agreement.

Then President Donald Trump made his threat this past week of a 5% tariff on Mexican imports unless America’s southern neighbor cracked down on Central American migrants trying to cross the U.S. border.

WASHINGTON (AP) — Google, the tech giant known universally for its search engine, also has fingers in a number of other pies, like online advertising, email messaging and video. That gives U.S. antitrust enforcers, who have reportedly evinced a new interest in pursuing competition charges against Google, lots to look at.

URUAPAN, Mexico (AP) — The baby avocados in Enrique Bautista’s vast orchard in western Mexico will grow to maturity, eventually, and be shipped out of Mexico.

What remains to be seen is how many of those green gems will reach consumers in the United States if President Donald Trump makes good on his promise to slap duties on Mexican exports should the country fail to stem the tide of immigrants trying to reach the U.S.

BEIJING (AP) — China issued a report Sunday blaming the United States for a trade dispute and said it won’t back down on “major issues of principle.”

The statement from the Cabinet spokesman’s office said that China has kept its word throughout 11 rounds of talks and will honor its commitments if a trade agreement is reached.

“A country’s sovereignty and dignity must be respected, and any agreement reached by the two sides must be based on equality and mutual benefit,” it said.

1 June 2019; AFP: US Secretary of State Mike Pompeo will take part Saturday in a secretive meeting in Switzerland of global power brokers discreetly discussing issues like Brexit and the future of capitalism.

The State Department confirmed Saturday that Pompeo, who is on a four-nation tour of Europe, would take part in the four-day Bilderberg meeting, which kicked off on Thursday in the picturesque Swiss town of Montreux.

1 June 2019; DW: US President Donald Trump has once more waded into British domestic politics, giving his opinion on who he thinks would be a good successor to current Prime Minister Theresa May, who is set to resign on June 7.

"I have actually studied it very hard. I know the different players," he told The Sun tabloid in an interview published late on Friday.

Washington; GANASHAKTI: India has expressed disappointment at the decision of the United States to end the country's preferential trade status despite offer of a "resolution on significant US requests to find a mutually acceptable way forward".

The Commerce Ministry, in a statement said: "In any relationship, particularly in the area of economic ties, there are issues which get resolved mutually time to time. We view this issue as a part of regular process & will continue to build on our strong ties with the US, both economic & people to people."