Trump pauses most global tariffs, but consequences for Canada and Mexico unclear

Trump says it wasn’t enslaved markets that pressured him to backmost down

Outside the White House conscionable now, a newsman asked Trump whether it was the unnerving enactment connected the enslaved markets that pushed him to instrumentality a interruption from tariffs.

He said it was not, but admitted helium realized radical were getting “queasy.”

"No. I was watching the enslaved market. I was watching it. But if you look astatine it now, it's beautiful. The enslaved marketplace close present is beautiful. I saw it past night, wherever radical were getting a small queasy,” helium said, earlier trailing disconnected to revisit the archetypal tariff announcement past week.

One planetary economical argumentation adept said she thinks the enslaved markets are precisely what swayed Trump.

“Clearly, President Trump got spooked by the markets, adjacent though helium said helium wouldn't, truthful this reversal is truly him reacting to the downgrading of the U.S. marketplace that we started seeing this morning," Inu Manak, a chap for commercialized argumentation astatine the Council connected Foreign Relations, told CBC News.

"He got frightened and reacted. And he's saying he's being flexible, but I don't deliberation that's the case.”

Ottawa’s waiting for much info

Dominic LeBlanc successful interaction with U.S. commerce secretary

CBC/Radio-Canada has been told International Trade Minister Dominic LeBlanc is successful interaction with Commerce Secretary Howard Lutnick this afternoon.

I’m keeping an oculus connected the large enactment leaders’ societal media accounts to spot if they’re saying thing astir Trump’s latest tariff announcement. So far, nary leaders person commented connected the developments.

As mentioned earlier by my workfellow Rhianna Schmunk, a spokesperson with the Prime Minister's Office said Ottawa has nary further clarity connected Trump's displacement this afternoon.

Tariffs 'just a game' for Trump, says Schumer

Hi, I’m Verity Stevenson, and I’ll beryllium your day unrecorded leafage writer.

U.S. Senate Minority Leader Chuck Schumer reacted to today's marketplace and tariff chaos, calling it "just a crippled for Donald Trump."

Schumer did not notation the caller 10 per cent tariffs connected Canada and Mexico, but said Trump does not look to beryllium reasoning his actions done and that a tariff strategy against China, for example, would person to impact creating alliances.

"What Trump has done is he's created a concern wherever the full world's against america and everyone's furious astatine America and we're alone," Schumer said.

"It is truly real, precise existent for people's lives, people's livelihoods, people's retirements, people's income."

Schumer said helium had nary religion "that this has been thought out, planned retired and volition pb to immoderate bully effect astatine all."

A caller U.S. ambassador to Canada

And into this maelstrom steps Pete Hoekstra, Donald Trump's incoming ambassador to Canada.

He was conscionable confirmed successful a 60-37 ballot successful the U.S. Senate, portion each this tariff quality was breaking.

The erstwhile Michigan congressman, antecedently Trump's ambassador to the Netherlands, testified precocious successful his confirmation proceeding that "Canada is simply a sovereign state," distancing himself from the president's annexation talk.

‘Did you know?' Trump commercialized rep blasted during hearing

Total chaos. It's astir the lone mode to picture the absorption to Trump's abrupt displacement connected tariffs.

The president's commercialized typical happened to beryllium testifying connected Capitol Hill erstwhile multitrillion-dollar quality broke of the partial tariff pause.

Jamieson Greer had been testifying for hours, defending Trump's commercialized policy, erstwhile quality broke successful the proceeding country that galore tariffs are paused.

“Did you cognize this was happening?” Democratic lawmaker Steven Horsford asked Greer.

“WTF. Who’s successful charge?” Horsford said. “This is amateur hour, and it needs to stop.... It looks similar your brag conscionable pulled the rug retired from nether you.... There’s nary strategy. You conscionable recovered out, 3 seconds ago, sitting here.”

Greer appeared to bespeak that helium knew the tariff announcement was a possibility. But helium did not explicitly accidental helium was alert it was coming.

"We person been discussing each kinds of options," Greer replied.

Prime Minister's Office successful the dark

Canada gets the caller tariff

Now, immoderate atrocious quality from Washington: the White House says Canada and Mexico volition beryllium taxable to the new, worldwide tariff of 10 per cent.

It was confirmed successful a connection to CBC News.

What's not clear, and we're awaiting details from the White House, is what happens to the earlier tariffs connected Canada, the alleged fentanyl tariff of 25 per cent connected immoderate products, and akin tariffs connected steel, aluminum and immoderate automotive trade.

There's nary reply yet. What we bash cognize is that this is simply a precise chaotic development. Trump's commercialized typical had conscionable been connected Capitol Hill and had insisted that Trump was abiding by the Canada-U.S.-Mexico Agreement, due to the fact that helium had spared those countries from a wide tariff.

Now? Who knows. Representatives of assorted industries are scrambling for clarity. As are we.

Tech stocks starring the charge

The Nasdaq scale is present up 10 per cent since the White House announced a intermission connected immoderate tariffs. The tech-heavy scale is connected way for its champion time since 2008.

Tech stocks similar Apple are starring the charge.

The caller argumentation pauses galore tariffs, but escalates the commercialized warfare with China. That would beryllium atrocious for companies (like Apple) that are exposed to Chinese proviso chains. A 125 per cent tariff would dramatically thrust up the terms of an iPhone.

Is Canada included successful the caller tariff complaint announced today? No 1 knows

The latest head-spinning alteration successful tariff argumentation has businesses successful Canada scrambling to fig retired what this means for them. The White House says it’s dropping its alleged "reciprocal tariffs” to 10 per cent.

Treasury Secretary Scott Bessent said Canada and Mexico are included successful the caller rate. But Canada was not 1 of the countries deed by those tariffs. Canada faces antithetic tariffs connected alloy and aluminum, arsenic good arsenic non-CUSMA-compliant car parts.

CBC News is seeking clarification from the White House.