President Trump is expected to implement significant tariffs on goods imported from Canada, Mexico, and China today, following his declaration that negotiations to prevent these tariffs are unlikely to succeed. Company executives and foreign officials are now preparing for the impending changes.
The new tariffs will impose a 25 percent fee on all exports from Mexico and Canada, along with an additional 10 percent on Chinese goods. In response, Canada is preparing to retaliate, which could lead to a trade war, while Mexico’s president indicated that they would also make their own decisions regarding the tariffs.
Trump has characterized these tariffs as a strategy to compel these nations to address issues related to migration and drug trafficking. Commerce Secretary Howard Lutnick acknowledged that while Mexico and Canada have made progress on border issues, the number of fentanyl-related deaths remains a concern.
Regarding China, Trump’s threat to increase tariffs by an additional 10 percent has not prompted concessions from Beijing.
The automobile industry is likely to see increased prices for new vehicles, with Nissan and Stellantis expected to be particularly affected.
In a separate development, President Volodymyr Zelensky returned to Ukraine after a diplomatic tour marked by mixed receptions from global leaders. He expressed his commitment to exploring all options to end the ongoing conflict with Russia, despite acknowledging the challenges ahead.
Russia has shown no willingness to negotiate terms other than complete surrender and territorial conquest of Ukraine. Meanwhile, Trump is reportedly considering discussions on the potential suspension or cancellation of U.S. military aid to Ukraine.
Britain and France have proposed forming a “coalition of the willing” to facilitate a truce between Ukraine and Russia, although the effectiveness of such a coalition remains uncertain given Russia's dismissive stance.
In the Ukraine conflict, drones are responsible for approximately 70 percent of casualties, according to military commanders.
As cease-fire negotiations between Israel and Hamas continue, both sides are bracing for the possibility of renewed conflict. Hamas is reportedly preparing by collecting unexploded ordnance for improvised explosive devices and replenishing its ranks, while Israeli officials are planning for a more intensive military campaign in Gaza.
In a tragic development, a man who had taken himself hostage on October 7 in an attempt to save his family returned home after 500 days underground only to discover that his wife and daughters had been killed.
In other news, researchers have observed cuttlefish in the wild exhibiting advanced camouflage techniques to evade predators and hunt prey, suggesting a higher level of cognition.
Hong Kong singer-songwriter Khalil Fong, known for blending soul and R&B with Chinese pop, has passed away at the age of 41.
At the recent Academy Awards, director Sean Baker's film "Anora" garnered significant recognition, winning four Oscars and tying a record set by Walt Disney in 1954. Baker's film received accolades for best picture, and its lead actress, Mikey Madison, won best actress, defeating Demi Moore. Baker himself took home awards for best director, best original screenplay, and best editing.
For more highlights from the Academy Awards, including a recap of the evening's best and worst moments, a complete list of winners is available.
For culinary enthusiasts, a chicken satay recipe bursting with spices is recommended for weeknight meals. Two new nonfiction books exploring the emotional aftermath of divorce are also suggested for reading. Additionally, tips on managing pain during workouts and travel insights on Kathmandu are provided.
For those interested in games, options such as the Spelling Bee, Mini Crossword, Wordle, and Sudoku are available.
That concludes today’s updates. See you tomorrow.
P.S. David Leonhardt is transitioning to a new role as editorial director for Opinion.
Feedback is welcomed at briefing@nytimes.com.