Report Says US-Mexico Tariff Deal Talks Stall

Sources say negotiations on a US-Mexico tariff agreement have stalled due to opposition from US Commerce Secretary Howard Lutnick. According to the sources, the two sides had previously come close to an agreement under which the US would lower tariffs on Mexican steel, aluminum and automobiles, in exchange for corresponding concessions from Mexico. However, disagreements over tariffs on automobiles and metal products have slowed progress in the talks. (Sina Finance)