President Trump Agrees to Delay U.S. Tariffs on Mexico and Canada

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  President Trump agrees to delay tariffs on Mexico and Canada by a month.

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  Plus the Trump administration closes USAID headquarters following a push by Elon Musk

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  and DOGE to eliminate the foreign aid agency.

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  If they are successful, they being DOGE with usaid,

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  then it is wholly possible that we will see similar types of strategies, tactics, plays done on other agencies.

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  That they don't like

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  and how the US Manufacturing towns hit by the arrival of Chinese imports a quarter century ago bounced back,

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  but the workers didn't It's Monday, February 3rd.

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  I'm Alex Osola for the Wall Street Journal.

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  This is the PM edition of what's News, the top headlines and business stories that move the world today.

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  President Trump has stunned corporate leaders

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  and foreign officials by agreeing to last minute month long delays of his tariffs on Mexico and Canada.

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  His levies on China are set to go into effect early Tuesday.

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  Trump and Mexican President Claudia Sheinbaum said today

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  that they agreed to put tariffs on Mexico on hold for one month.

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  In a phone call, both leaders agreed to take joint measures to fight fentanyl trafficking across the US Border.

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  Later in the day, Canadian Prime Minister Justin Trudeau posted on X saying U.S.

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  tariffs on Canada were also delayed.

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  Trump confirmed the pause on Canadian tariffs, posting on Truth Social that it was,

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  quote, to see whether or not a final economic deal with Canada can be structured.

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