Tariffs

Trump backs off border closure, threatens Mexico with auto tariffs

President Trump on Thursday walked back his previous threat to close the U.S.-Mexico border this week, telling reporters he is giving Mexico a "1-year warning" to stop illegal immigration and what he calls "massive" amounts of drugs entering the country through the southern border.

Trump to keep tariffs in place until China complies with trade deal

Donald Trump.
Photo: Chip Somodevilla/Getty Images

President Trump said he plans to keep tariffs in place on Chinese goods for a "substantial period of time," possibly even after a trade deal is forged to ensure Beijing's compliance, Bloomberg reports.

Why it matters: China has been pushing the Trump administration to eliminate tariffs in any forthcoming deal, so the president's comments are certainly not a carrot for China's end of the bargain. Despite that, Trump said the trade negotiations are "coming along nicely."