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President Trump pauses tariffs on Mexico and Canada after high-level talks

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Agreements with Mexico’s President and Prime Minister Trudeau Temporarily Halt New Levies Amid Border Security Concessions

President Donald Trump announced that he has agreed to “immediately pause” planned tariffs on Mexico and Canada following separate high-stakes discussions with their leaders.

The decision comes after Trump spoke with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau, securing commitments aimed at addressing U.S. concerns over border security and fentanyl trafficking.

The pause on Mexican tariffs will last for one month, while Canadian imports will be spared additional levies for 30 days.

The reprieve with Canada followed a Monday phone call just hours before 25% tariffs were set to take effect.

In a post on X, Prime Minister Trudeau revealed that Canada will implement a $1.3 billion border security plan, appoint a national “fentanyl czar,” and deploy nearly 10,000 personnel focused on enhancing border protection.

Additionally, Canada will reinforce its borders with advanced technology, helicopters, and improved coordination with U.S. authorities.

These moves are seen as key concessions to temporarily stave off economic penalties.

While the tariff pause offers short-term relief to businesses and consumers, questions remain about the long-term future of U.S. trade policy.

The Trump Administration’s broader approach to tariffs continues to spark debate, with potential economic ripple effects looming if further agreements aren’t reached.

 

 

 

 

 

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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