Mexican President Claudia Sheinbaum and U.S. President Donald Trump have agreed to postpone planned tariffs for a month, with Mexico deploying 10,000 National Guard members to the border to combat drug trafficking. While Trump’s tariffs against Canada and China remain on track, it has caused concern among senators and lawmakers due to the economic toll it may take. Critics argue that the tariffs could increase costs for consumers and disrupt industries like the automobile sector.
The changes at the U.S. Agency for International Development (USAID), spearheaded by Elon Musk, have raised alarms among aid organizations over the impact on humanitarian assistance programs worldwide. Lawmakers have been denied access to the USAID building amid concerns about the agency’s transparency and cooperation.
Additionally, Trump has signed an executive order to establish a sovereign wealth fund, aiming to use proceeds from national resources for investments. The move has drawn mixed reactions, with Trump praising Musk for identifying wasteful expenditures in the government while facing backlash from Democrats over the changes at USAID.
Trump’s trade war with Canada, Mexico, and China has escalated tensions, with China threatening retaliation against U.S. tariffs. Despite the pause on Mexican tariffs, uncertainty remains over the tariffs on other countries. The stock market has reacted to the news, with Wall Street paring its losses in response to the delay in Mexican tariffs.
Overall, the ongoing trade disputes, changes at USAID, and the establishment of a sovereign wealth fund highlight the complexity and uncertainty surrounding U.S. economic policies under the Trump administration.
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