As President Trump’s tariff war with Canada, Mexico and China heats up this week, fallout is expected in the markets and on Capitol Hill. Mexico and the U.S. struck at deal to delay that

Feb. 3, 1:57 p.m. EST Trump announced the tariffs against Canada will be paused for 30 days, saying the longtime U.S. ally will implement a $1.3 billion border reinforcement plan that will bolster the U.S.-Canada border with “new choppers, technology and personnel... and increased resources to stop the flow of fentanyl.”

President Donald Trump said he plans to speak Monday with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum before steep new tariffs on U.S. allies and trading partners are scheduled to take effect early Tuesday.

The Chinese government has released a long list of U.S. imports that will be affected by targeted tariffs in response to a 10% U.S. tariff on all goods imported from China. China will impose a 10% tariff on U.

President Donald Trump has begun his second administration with a series of controversial moves and decisions.