Trump and Mexico’s president reached an agreement to delay tariffs by a month.
. President Trump said the tariffs were being imposed because of illegal immigration and the flow of fentanyl from Mexico.
International News
Massive floods forces thousands to evacuate with one death recorded in northeast Australia.
The flooding was set off by heavy rain from low pressure system rich in tropical moisture, Australia’s weather forecaster said on its website, adding that 24-hour rainfall totals were likely up to 11.8 inches
Grammys 2025: Beyoncé wins Album of the Year, making her the first black woman to win such
Beyoncé made history at the 67th Grammy Awards, securing her first-ever win for Album of the Year with Cowboy Carter.
Multiple earthquakes shakes Greek island of Santorini.
remors have been recorded between the volcanic islands of Santorini and Amorgos in the Aegean Sea since Friday, forcing authorities to close schools in Santorini and the nearby islands of Ios, Amorgos and Anafi.
Trump imposes tariffs on Canada, Mexico and China
U.S. President Donald Trump signed an executive order Saturday that places 25 percent tariffs on imports from Canada and Mexico and 10 percent tariffs on goods from China starting Tuesday, the White House said.
Panama pulls out from China deal as Trump threatens to reimpose US control over the Panama Canal.
Panama Canal was built by the US in the early 20th century and handed over to Panama in 1999. After returning to office, Donald Trump threatened to take the Canal back from Panama, claiming China’s control over it. US Secretary of State Marco Rubio on Sunday, February 2, warned Panama’s President that Washington will “take measures necessary” if Panama does not immediately take steps to end China’s influence and control over the Panama Canal.
Trump’s Tariffs On Canada And Mexico May Affect Everything From Avocados To Cars
The tariffs would also invite retaliation. Doug Ford, the premier of Ontario, has already vowed to counterpunch by pulling American alcohol off store shelves in the Canadian province – no idle threat; Canada is the world’s No. 2 market for America’s distilled spirits (behind the 27-nation European Union).
While US Slept Today, Markets In Asia And Europe Gained As The Dollar Strengthened
In economic data, U.S. jobless claims fell to 207,000, beating estimates, while economic growth slowed to 2.3% in Q4, down from 3.1% and below expectations of 2.6%. President Trump confirmed 25% tariffs on Canadian and Mexican imports starting February 1.
Europe battles Historic flooding after triple storm assault.
The town of Redon, surrounded by rivers and marshes, has been underwater since the arrival of Storm Ivo. Mayor Pascal Duchene remarked, “It’s highly likely the peak won’t be reached today, but it will be in the next few days,” indicating mounting concerns as the Vilaine river approaches historic flood levels last seen in 2001.
State of emergency has been extended by Myanmar’s military government in support of election preparations.
No date has been set for the election but the junta is forging ahead with plans, despite struggling to run the country as it tries to fend off on multiple fronts an armed rebellion with its roots in a youth-led uprising that was put down by the military with deadly force.