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Donald Trump and Mexican President Claudia Sheinbaum put their planned tariffs on hold Monday for a month to negotiate further, as Mexico said it planned to deploy 10,000 members of its national guard to address drug trafficking.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

Bitcoin (BTCUSD) is down sharply over concerns about the potential impacts of U.S. tariffs imposed on products coming from Canada, Mexico and China.

Temu and Shein. On Saturday, Trump signed executive orders imposing tariffs on the country’s top three trading partners.

The U.S. stock market was rocked as President Donald Trump kicked off a possible a global trade war. Shares of companies spanning the auto, industrial, retail and beverage industries with international supply chains were hit particularly hard.

Prime Minister Justin Trudeau is expected to speak with President Donald Trump Monday as Canada’s leaders scramble to prepare for a trade war with the United States.

Bitcoin slid to about $95,000 Sunday night into Monday morning, while a number of cryptocurrency-related stocks also sank in premarket trading as the market reacts to the potential impact of the new tariffs rolled out by the Trump administration over the weekend.

The leader of Canada’s most populous province of Ontario says he’s ripping up a contract with Elon Musk’s Starlink internet services in response to Donald Trump’s sweeping tariffs on Canada, as well as banning American companies from provincial contracts

tariffs on imports from Canada, Mexico, and China have raised concerns about how it would impact Americans.

Subscribe to enjoy similar stories. President Trump’s aggressive move to place tariffs on hundreds of billions of dollars in imports, ranging from crude oil and auto parts from Canada to Mexican avocados and raspberries has rattled investors, economists and some lawmakers, who are all wondering: What exactly is the goal? Larry Summers, the former U.S. Treasury secretary under President Bill Clinton, said that Trump’s move amounted to “a self-inflicted supply shock." Kentucky Republican Sen.

A prolonged trade war with the United States can “severely impact” jobs and businesses on both sides of the border and will have “no winners,” says the head of Canada’s largest bank, calling on Canadians to unite behind a long-term economic plan to help boost the country’s struggling productivity levels.

(Bloomberg) — Charities, diplomats and foreign officials around the world are frantically trying to figure out what will happen to the US agency that doles out over $40 billion in aid for everything from life-saving HIV programs in Africa to funding for Ukraine amid the Trump administration’s assault on a cornerstone of the country’s global influence.

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code,

(Bloomberg) — The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an “existential threat.”

Donald Trump waging a tariff war on Canada, Mexico and China sent a chill into global markets as major European and Asian indices, including India's headline indices, reeled under selling pressure on Monday. Banks, energy and FMCG stocks fell most even as the IT sector tried to salvage some pride. Meanwhile, Saturday’s Budget announcements or rather the lack of them for capex-intensive sectors soured the D-Street sentiments. While the 30-stock S&P BSE Sensex finished at 77,186.74, declining by 319.22 points or 0.41%, the broader Nifty fell by 31.75 points or 0.52% to close at 23,361.05. Commenting on the day's action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, highlighted that Nifty exhibited strength taking support from the middle of the Bollinger band after a sudden fall during the day.

Subscribe to enjoy similar stories. The BOE looks set to do something it hasn’t often done in the past: diverging from the Federal Reserve. The Bank of England is set to join a growing number of central banks that are pressing ahead with cuts to their key interest rates, even as the most important central bank goes on a pause of uncertain duration.

Subscribe to enjoy similar stories. NEW DELHI : Finance and revenue secretary Tuhin Kanta Pandey emphasized on Monday that the Indian rupee remains a free-floating currency and the government is not alarmed by exchange rate fluctuations, which are driven by cross-border capital flows. This comes as the rupee tumbled to a record low of 87.29 against the US dollar, dropping 67 paise in early trade, following fresh tariffs imposed by US president Donald Trump, sparking fears of a broader trade war.

Asia shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

«So, we will keep on seeing such liquidity measures continue because in our opinion the tariff war is not temporary, that is the reason why I said Trump one and Trump two are very different,» says Anindya Banerjee, Kotak Securities. This further weakness in the rupee and touching its all-time low levels for today, how do you see this and what is next for rupee actually? Help us understand your analysis because in the last few quarters we are seeing a lot of intervention from the RBI as well. So, where do you see rupee headed and stabilising as well? Anindya Banerjee: See, the Indian rupee is now subjected to what is happening to almost all Asian currencies, almost all currencies against the US dollar. Because after Trump announced the high tariffs on Canada and Mexico also, he slapped fresh tariffs on China.