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Claudia Sheinbaum said on Monday that tariffs with the United States are on hold for a month after a conversation with President Donald Trump in which she committed to putting more law enforcement on the U.S. border to stop the flow of drugs.

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.

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.

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.

(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.

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. 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.

Subscribe to enjoy similar stories. The Trump administration said Saturday it will levy 25% import tariffs on goods from Mexico and Canada, with Canadian energy products facing a 10% tariff. The announcement also includes an extra 10% tariff on imports from China.

U.S. President Donald Trump’s unprecedented move to pull America’s closest neighbours into a trade war has left some Republican lawmakers precariously navigating how to support the leader’s tariff agenda while their local economies brace for impact.

Bitcoin (BTCUSD) retreated below $95,000 on Sunday over concerns about the potential impacts of U.S. tariffs imposed on products coming from Canada, Mexico and China.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.

Dominic LeBlanc on Sunday released a full list of products that will be covered by the country's retaliatory tariffs on US goods, worth an estimated USD 30 billion, as reported by CNN. The list includes items such as US-produced alcohol, household appliances, tools, firearms, dairy products, fruits, vegetables, clothing, and more.

Donald Trump said Sunday that Americans could feel «some pain» from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would «cease to exist» without its trade surplus with the United States.

Subscribe to enjoy similar stories. Foreign investors appear to have readied themselves for a negative reaction over this week, after remaining largely absent during the special budget session on Saturday. The Union budget's tilt towards consumption over capex, anticipation of an expanding global trade war, and uncertainty over the next monetary policy outcome on 7 February could have influenced their decisions, according to analysts.