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Mexico President Claudia Sheinbaum said tariffs would be delayed for one month after a conversation with U.S. President Donald Trump on Feb. 3.

TAIPEI, Taiwan — China has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following the decision to impose 10% tariffs on China.

TORONTO — Canada and Mexico ordered retaliatory tariffs on American goods in response to sweeping tariffs imposed by President Donald Trump.

PALM BEACH, Fla. — President Donald Trump said Feb. 2 that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China.

The threat of tariffs has loomed large over U.S. equities. Investors and strategists warn that high levies can reignite inflation in the country, and in turn, weigh on stocks.

The potential fallout depends on the specifics of what President Donald Trump announces. It also depends on how Canada and Mexico respond.

WASHINGTON — President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Feb. 1, the White House said.

Elon Musk’s Tesla Inc. is spearheading an effort to block new tariffs on graphite imports from China, pitting Donald Trump’s richest backer against the president’s favorite economic tool.

Mexico’s government told President Donald Trump that his plan to place 25% tariffs on its goods would be a mistake that raises costs for U.S. consumers.

Profits for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.