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Beijing, which set steep duties on canola, peas and pork, wants Canada and Mexico to resist U.S. pressure to raise tariffs on Chinese goods.
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CNBC Daily Open: Trump paused tariffs for some imports — but Nasdaq enters correction territory CNBCWith Trump's Tariff Reprieve, Mexico and Canada, Still Wary, Breathe Easier The New York TimesCanada's tariffs to remain despite Trump postponing tariffs on many imports from Canada for a month The Associated PressTrump walks back tariffs on a range of goods from Mexic
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Employers added 151,000 jobs in February, the Labor Department said, based on surveys taken as Trump administration policies were still rolling out.
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China Says It Will ‘Resolutely Counter' U.S. Tariff Pressure The New York Times8 takeaways from China's top diplomat Wang Yi at the ‘two sessions' South China Morning PostChina's diplomacy provides much-needed stability to a turbulent world: FM XinhuaChinese FM responds to inquiry on US' withdrawal from key intl organizations, freezing of foreign aid Global Times‘Those with bigger fists should not be allowed to call the shots': China takes aim at Trump Sydney Morning Herald
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Stock market today: Wall Street heads toward its worst week since 2022 as losses mount The Associated PressS&P 500 is flat on Friday, but heads for worst week since September: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq seesaw after jobs report, Powell speech Yahoo FinanceUS stocks slide and Nasdaq enters correction as chaos over Trump's tariffs intensifies CNN
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President Donald Trump signs an order postponing tariffs for one month on certain Mexican and Canadian goods that fall under an existing free-trade agreement.
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Like a lot of economists, Mark Zandi, with Moody's Analytics, thinks President Trump's across-the-board tariffs are a bad idea. Saying, "Tariffs, broad-based tariffs, are a real problem for the economy."
But Zandi says - it's not just the tariffs themselves that are the problem, it's the uncertainty created by Trump's rollout.
Trump threatened 25% Tariffs on Canada and Mexico would start in February. They were paused at the 11th hour, only to eventually go into effect this week.
On Thursday Trump announced the new tariffs would be paused for most products, but potentially only until April 2.
Meanwhile tariffs on China snapped into place in February, and then doubled, to 20%.What happens next is anyone's guess.
Businesses have been optimistic about the economy under Trump. His chaotic tariff rollout threatens that.
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