Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Vicente Fox, formerly president of Mexico and currently a frequent critic of Donald Trump, told CNBC on Monday that the southern border wall proposed by the U.S. president serves "no positive purpose."
"The building of a wall is the stupidity out of the mind of Trump," said Fox, who was Mexico's leader from 2000 to 2006. "It's just isolating the United States from the rest of the world."
Trump has been calling for a wall on the United States-Mexico border since he launched his candidacy for president. Trump has argued repeatedly that a wall would secure the border and prevent illegal immigration.
That's a theme the president echoed in a Monday morning tweet, while calling for Mexico to tighten its immigration controls as a condition for finalizing an updated NAFTA.
The U.S., Mexico and Canada are in the throes of negotiating an overhaul of the 1994 North American Free Trade Agreement.
Fox said Trump's tweet is just a maneuver to try to "impress his base" of supporters. The former Mexican president predicted success in crafting a "better NAFTA" for all three countries. He spoke with CNBC's John Harwood from the eMerge Americas technology conference in Miami Beach, Florida.
Despite Trump's rhetoric on trade, the exchange of goods and services does not have to be a zero-sum game, Fox said.
Meanwhile, Fox said he has never met with Trump and won't meet the U.S. president unless he apologized to Mexico for all the disparaging remarks over the years, including part of the speech that launched his presidential candidacy in 2015. At the time, Trump called Mexican immigrants "rapists" and accused them of bringing "drugs" and "crime" to the U.S. He also said, "Some, I assume, are good people."
"Every time he opens his mouth, his big mouth, same thing, back to the past, back to a national state, back to the grandeur of America," Fox said of Trump. "America has been great always. It will be great forever. It doesn't need Trump."
The White House did not immediately respond to CNBC's request for comment on Fox's interview.