Canada and Mexico Tariffs on Hold as China Implements Its Own Tariffs in Response

On Tuesday’s episode of The Excerpt podcast, it was announced that expected tariffs on Canada and Mexico have been paused, while new tariffs on China are going ahead. In response, China has implemented its own tariffs. The future of foreign aid is being examined after President Donald Trump moves to shut down the U.S. Agency for International Development, according to USA TODAY White House Correspondent Joey Garrison. President Trump has made Elon Musk a ‘special government employee’ and Musk’s Treasury Department takeover is being attacked by Democrats. Additionally, President Trump has ordered the creation of a U.S. sovereign wealth fund with the potential to purchase TikTok. USA TODAY Reporter Andrea Riquier discussed a report that found climate risk will have a trillion-dollar impact on America’s real estate market. It was also highlighted that rat populations are increasing in some cities, with climate change playing a significant role in this trend.