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Morning Report — Trump pauses tariffs on Mexico, Canada as China retaliates

  • President Donald Trump paused his 25% tariffs on Mexico and Canada for 30 days after discussions with their leaders, while a 10% import tax on Chinese goods took effect at midnight.
  • China announced it would retaliate with 10-15% tariffs on U.S. Products and launched an antimonopoly investigation into Google.
  • Mexican President Claudia Sheinbaum agreed to send 10,000 National Guard troops to the U.S. Border to combat drug trafficking, leading to the tariff pause.
  • Trump indicated he would soon impose tariffs on the European Union and described the China tariffs as an 'opening salvo.
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