Mexico’s President Claudia Sheinbaum and Canada’s Prime Minister Justin Trudeau announced a temporary halt on U.S. tariffs following a deal with President Donald Trump. This 30-day suspension provides a brief reprieve while the two countries continue working toward a more long-term resolution.
The agreement includes measures aimed at combating drug trafficking and illegal migration, with both nations pledging to deploy additional police forces along their borders with the United States.
Also Read: Trump to Hold Tariff Talks with Canada and Mexico Amid Rising Trade Tensions
At the same time, the Trump administration has taken steps toward shutting down the U.S. Agency for International Development (USAID), locking its employees out of their Washington, D.C., headquarters on Monday. This move signals a major shift in the agency’s role within the federal government.
Democratic lawmakers have voiced concerns regarding the involvement of billionaire Elon Musk in overseeing major changes at key U.S. government agencies, including Treasury and USAID. Their concerns focus on the potential legality of Musk’s influence.
Additionally, a judge in Washington, D.C., has extended an injunction preventing Trump’s plan to freeze federal government spending, which could impact trillions of dollars. This decision adds to the growing uncertainty around the administration’s fiscal policies.
Meanwhile, tariffs on China are set to begin on Tuesday, a move that will likely have wide-ranging effects on global trade.
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