#trade-and-tariffs

#trade-and-tariffs

As a sign of willingness, the Mexican government will begin on Monday to pay the debt mandated by the 1944 Water Treaty, which amounts to 986 million cubic meters. The commitment was made on Friday night, just days after U.S. President Donald Trump threatened to impose a 5% tariff if the water deliveries were not made. The Republican administration welcomed the agreement, under which Mexico is set to release 249 million cubic meters starting this week.

Good morning. I spent yesterday hearing from dozens of business leaders onstage and off at the New York Times DealBook Summit, deftly moderated by Andrew Ross Sorkin. I was invited to moderate a thought-provoking breakfast conversation on the topic of mission as a driver of growth, with Vanguard President and Chief Investment Officer Greg Davis, Nike Chief Communications Officer Michael Gonda and author Simon Sinek. The takeaway for me: If leaders don't internalize and institutionalize a company's mission, it's just rhetoric.

India and China are resuming direct flights after five years of suspension and say they will strengthen trade ties. Their relationship has long been defined by rivalry, competing ambitions and a disputed border. Now, India and China are resuming direct flights after a five-year suspension. United States President Donald Trump's tariffs and a shifting trade landscape could push them closer together.

After the fortnight the prime minister has had, a spot of rarefied pageantry is just the ticket. The government weathered a three-hour monsoon of questions in the Commons on Tuesday, which amounted to MP after MP asking why on earth Lord Mandelson was appointed as our man in Washington in the first place, and then why it took so long for Sir Keir Starmer to realise his position was untenable.

Thousands of union members and others participated in marches, rallies and picnics on Labor Day throughout the Los Angeles region and across the country on Monday, decrying actions by the Trump administration that they say weaken unions and harm workers while strengthening and emboldening major corporations and the wealthy. A White House proclamation Monday said President Trump's actions are "reversing decades of neglect and finally putting American Workers first" by rewriting tax laws and creating a better economic climate for businesses.