Newsletter Feb 3, 2025

Quick Six

Trump tariffs draw strong responses from Canada, Mexico
President Donald Trump warned Americans they will feel "some pain" from the new tariffs he's imposing on Mexico, Canada and China. Trump announced he was imposing the tariffs -- 25% on Mexican and Canadian imports, and 10% on Chinese imports. Trump's tariffs drew swift retaliation from Mexico and Canada, a move experts forecast as North America enters a trade war. Economists warned a trade war would devastate border relations between the US and Mexico and backfire on Trump. Canadian Prime Minister Justin Trudeau announced that Canada would match Trump's 25% tariff on up to $155 billion in U.S. imports.
HOW OTHER COUNTRIES ARE RESPONDING TO TARIFFS

Rubio tells Panama to reduce Chinese influence over canal
U.S. Secretary of State Marco Rubio urged Panama to reduce China's growing influence over the Panama Canal, warning of potential consequences if the country does not take action. Rubio told Panamanian President José Raúl Mulino on Sunday that China's presence violates a treaty that calls for the "neutrality" of the canal and that his country may face retaliation from the Trump administration unless it reduces Chinese influence over the canal.
SEE THE CONCESSIONS PANAMA HAS VOWED TO MAKE

Elon Musk attacks USAID, labels it a 'criminal organization'
Elon Musk on Sunday attacked the US Agency for International Development, calling it a "criminal organization," sparking fear over President Donald Trump's scrutiny of the civil service. The assault on the agency tasked with humanitarian relief overseas marks a new front in Trump's move to give unprecedented power Musk to upend government departments and counter what the two political allies consider wasteful spending and overreach.
SEE WHAT MUSK SAID ABOUT GOVERNMENT SPENDING

You Might Like

Markets

DJIA	44,544.66	-0.75%
S&P 500	6,040.53	-0.50%
Nasdaq Composite	19,627.44	-0.28%
Japan: Nikkei 225	38,684.81	-2.24%
UK: FTSE 100	8,673.96	0.31%
Crude Oil Futures	73.68	1.59%
Gold Futures	2,817.50	-0.62%
Yen	155.80	0.38%
Euro	1.02	-1.32%
* As of market close

Netanyahu heads to US for key Trump talks

Israel's Prime Minister Benjamin Netanyahu left Sunday for the United States where he will become the first foreign leader to meet Donald Trump since the US president returned to office. His visit comes as a fragile truce holds between Israel and Hamas in Gaza, and between Israel and Hezbollah in Lebanon. Both militant groups are backed by Iran. Before boarding his flight, Netanyahu said the pair would discuss "victory over Hamas, achieving the release of all our hostages and dealing with the Iranian terror axis". Netanyahu called it "telling" that he would be the first foreign leader to meet Trump since his inauguration.

WHY ISRAEL HOPES TRUMP WILL HELP GET FAVORABLE DEAL

Protesters boycott Target for DEI rollback

Protesters rallied outside Target's headquarters in Minneapolis and called for a nationwide boycott after the retailer rolled back its diversity, equity and inclusion (DEI) initiatives, a move aligned with President Trump's executive ban on DEI in the federal government. Over 70 protesters gathered Thursday to voice frustration over Target's retreat from DEI goals that were implemented in the wake of George Floyd's murder back in 2020. The company's rollback includes scaling back pay equity efforts, supplier diversity programs and ending its Equality Index and Racial Equity Action and Change initiatives.

WHAT ACTIVISTS SAID ABOUT THE DEATH OF DEI PROGRAMS

Walmart HQ goes high tech with drones

Walmart announced the opening of its new Home Office campus in Bentonville, Arkansas that features a hotel and drone-assisted cleaning among other amenities. Hailed as a symbol of "innovation" and "community," the company says the Walmart campus aims to redefine the workplace as a green space, with more than 750,000 native plants, including 5,000 trees planted throughout the 350-acre site. The facility embraces technology, offering dynamic glass that lessens energy use, drone-assisted window cleaning and self-automated lawn care.

SEE HOW WALMART IS EMBRACING NEW AGE TECHNOLOGY

Extra point

When and where did Walmart open its first store outside the US?

Thursday's answer: Sam Panopoulos is credited with creating the first Hawaiian pizza at his restaurant, Satellite, located in Chatham, Canada.

In partnership with WeatherTech, LLC.

This is the first step from protecting your car's interior from various elements

"Protect Your Car Against Dirt,Spills And Wear With WeatherTech FloorLiner HP"

IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe.