In his interview with Tesla owner Elon Musk, former president Donald Trump unveiled a bold new proposal, announcing what he called the largest mass deportation effort in US history
Chinese factories have flocked to areas of Mexico that border the United States in a bid to avoid tariffs imposed under the Trump administration running into millions of dollars, Nikkei Asia reported
The proposal to give Trump more authority to raise duties without congressional approval comes after failed attempts by Republican senators to rein in his trade and tariff powers
The countries that would be most affected include China, US, Euro area and some major trade partners such as Taiwan, Canada, Korea, Mexico as well as some other smaller European economies
Auto manufacturing powers have been coordinating with each other lately about their fears and response to Trump's 'Section 232' investigation into whether auto imports are a threat to US security
In recent months, Donald Trump has increased tensions among traditional US partners and allied trading blocs such as the EU, Canada, and Mexico, with a focus on trade issues
The global commercial order is being shaken by Trump's use of a US trade-law provision on national security to justify steel and aluminium tariffs against a host of countries
Trump has imposed tariffs on steel and aluminum in response to what he calls unfair trade practices from Europe, Canada, and other allies around the world
The company said in a government filing on Monday that it may move some production outside the US in response to European retaliation for the president's tariffs on imported metals
The Trump administration announced tariffs on $34 billion of Chinese imports to take effect in three weeks with another $16 billion still to be reviewed
The EU has vowed to hit back at the US with tariffs on American goods, including iconic items such as Harley-Davidson motorbikes, blue jeans and bourbon whiskey
Trump administration officials have said that in lieu of tariffs, steel and aluminum exporting countries would have to agree to quotas designed to achieve similar protections for US producers
Trump said in a statement the further tariffs were being considered "in light of China's unfair retaliation" against earlier US trade actions that included $50 billion of tariffs on Chinese goods
