European and South American leaders say pact sends ‘clear signal’ amid concerns over global tariffs, isolationism.
![Canadian Prime Minister Mark Carney meets with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Jan. 16, 2026. [Sean Kilpatrick/Reuters]](/wp-content/uploads/2026/01/image-1768584774.jpg?resize=770%2C513&quality=80)
![Recovery workers watch as a carriage of a train that crashed when a construction crane collapsed is lifted off the tracks in Thailand's Nakhon Ratchasima province on Jan. 14, 2026. A crane at a China-backed high-speed rail project in Thailand collapsed onto a passenger train on January 14 and caused it to derail, killing at least 28 people and injuring dozens more, authorities said. [Lillian Suwanrumpha/AFP]](/wp-content/uploads/2026/01/image-1768410709.jpg?resize=770%2C513&quality=80)
Trade gap rises to nearly $1.2 trillion as tariffs see exporters pivot to new markets.
But car makers have urged an extension to the USMCA, saying it is crucial to US auto production.
US president threatens a 25 percent tariff on countries that do business with Iran as he piles pressure on Tehran.
US media reports say tariffs will be cut to 15 percent in exchange for TSMC investment.
The US president has threatened Iran with military strikes amid widespread antigovernment protests there.
Farmers flood the streets of Athlone to raise concerns over the trade deal’s impact on Ireland’s beef industry.
The US seized a fifth oil tanker in the Caribbean as Washington ramps up seizing on sanctioned Venezuelan oil shipments.
Both conservative and liberal justices voiced concerns about the legality of the tariffs during arguments in November.
The tariff pause comes as Trump’s Republican Party faces questions of affordability going into the midterm elections.
Fox nuts remain unaffected by US tariffs due to strong domestic demand, coupled with emerging new markets.
![Detroit’s big three automakers Ford, General Motor and Stellantis rely on parts produced in both Canada and Mexico [Evelyn Hockstein/Reuters]](/wp-content/uploads/2026/01/2026-01-13T192315Z_671320592_RC250JA6I6PN_RTRMADP_3_USA-TRUMP-1768335615.jpg?resize=770%2C513&quality=80)
![Critics of the President’s decision say that Congress, not the President, has the authority to dictate tax rates including tariffs [File: Carlos Barria/Reuters]](/wp-content/uploads/2026/01/2025-12-23T110011Z_167407343_RC2XPDAGZ9BT_RTRMADP_3_USA-TRADE-TARIFF-REFUNDS-1767727540.jpg?resize=770%2C513&quality=80)
