Mercedes Benz

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Mnuchin: "The U.S. market and the Canadian markets are very intertwined. It's important for them to get this deal and it's important for us to get this deal." Photo credit: BLOOMBERG WASHINGTON -- U.S. Treasury Secretary Steve Mnuchin said on Tuesday he believed the United States can reach a trade deal with Canada this week after coming to an agreement with Mexico. "I think our objective is to try to get Canada aboard quickly," Mnuchin said in an interview with CNBC. He said he thought an agreement could be wrapped up this week. The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement, putting pressure on Canada to agree to new terms on auto trade and dispute-settlement rules to remain part of the three-nation pact. Mnuchin would not speculate on which issues might be problematic in the Canada talks but said he did not anticipate there would be a lot of sticking points. "The U.S. market and the Canadian markets...

BERLIN -- Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday. President Donald Trump agreed during a meeting with European Commission President Jean-Claude Juncker in July to refrain from imposing tariffs on European cars and light trucks while the two sides said they would negotiate to cut other tariffs. The interim deal has reduced the risk of a full-blown transatlantic trade dispute, bringing relief especially for German carmakers and lifting business morale in Europe's largest economy in August. A survey by the American Chamber of Commerce in Germany showed, however, that company executives on both sides of the Atlantic remain skeptical, with 71 percent doubting whether a lasting agreement to cut tariffs can be reached. More than 40 percent of German companies doing business in the United States ...