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Trump, Mexican president reach deal to delay tariffs

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Mexican President Claudia Sheinbaum said the U.S. agreed to pause tariffs on imports from her country after agreeing to a border deal with U.S. President Donald Trump.

Sheinbaum said Mexico will immediately reinforce the border with 10,000 members of the National Guard in a move to stop drug trafficking, an issue that has been a problem for decades.

In a post on X, Sheinbaum said she had a “good conversation” with Trump and reached a series of agreements. Sheinbaum also said the U.S. is “committed to working to prevent the trafficking of high-powered weapons to Mexico.”

And she added: “They are pausing tariffs for one month from now.”

Trump on Saturday moved to hold Mexico, Canada and China accountable with tariffs on the top three U.S. trading partners. He slapped 25% tariffs on imports from Mexico and Canada, and added an additional 10% tariff on China for its role in supplying the chemicals used to make fentanyl, a powerful opioid responsible for most U.S. overdose deaths. Trump said the tariffs were designed to halt the illegal drug trade, including fentanyl smuggling.

On Monday, Trump said he spoke to Sheinbaum and a deal was in the works.

“I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States,” the president wrote on Truth Social. “These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country. We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico. I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a “deal” between our two Countries.”

Mexico, Canada and China are the top three U.S. trading partners responsible for about 40% of U.S. imports in 2024. Some economists say the move could push prices higher for U.S. consumers.

The United States-Mexico-Canada Agreement, or USMCA, governs trade between the U.S. and its northern and southern neighbors. It went into force on July 1, 2020, and Trump signed the deal. That agreement continue to allow for duty-free trading between the three countries, a longtime practice that Trump ended Saturday.

U.S. goods and services trade with USMCA totaled an estimated $1.8 trillion in 2022. Exports were $789.7 billion and imports were $974.3 billion. The U.S. goods and services trade deficit with USMCA was $184.6 billion in 2022, according to the Office of the United States Trade Representative.

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Apple suing British government to stop them from accessing use data

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Apple is appealing a UK government order that could force it to create a ‘backdoor’ for authorities to access private user data. The move, pushed by Home Secretary Yvette Cooper, threatens the company’s end-to-end encryption protections. President Trump condemned the demand, comparing it to tactics used in China.

Key Details:

  • Apple has lodged an appeal with the UK’s Investigatory Powers Tribunal, challenging an order that could weaken its Advanced Data Protection (ADP) encryption.
  • The company previously disabled ADP in Britain rather than comply, arguing that a backdoor would compromise user security.
  • UK security agencies argue that encryption helps criminals evade law enforcement, while Apple insists it will never create a ‘master key.’

Diving Deeper:

Apple is grappling with the British government over a surveillance order that could force the company to weaken its own security measures. The tech giant filed an appeal with the Investigatory Powers Tribunal, the court responsible for overseeing the UK’s surveillance laws, after Home Secretary Yvette Cooper pushed for the company to provide a ‘backdoor’ to encrypted user data.

The controversy centers around Apple’s Advanced Data Protection (ADP), an encryption system that prevents even Apple from accessing a user’s iCloud backups. In February, the company disabled ADP in the UK rather than comply with the order. Without ADP, Apple can access and hand over certain iCloud backups, such as iMessages, if legally required. However, with full end-to-end encryption enabled, even Apple cannot retrieve the data. The UK order could force Apple to rewrite its security features, something the company strongly opposes.

Apple has made it clear that it will not compromise user privacy. “We have never built a backdoor or master key to any of our products or services and never will,” the company stated. Apple also warned that creating a backdoor for law enforcement would inevitably make millions of users more vulnerable to cyberattacks.

The UK government, however, argues that such encryption hampers law enforcement investigations, particularly into crimes such as child exploitation and terrorism. A Home Office spokesperson defended the order, stating, “The UK has a longstanding position of protecting our citizens from the very worst crimes while ensuring privacy protections.”

President Donald Trump criticized the UK government’s stance, comparing it to authoritarian surveillance practices. “We told them you can’t do this… That’s something, you know, that you hear about with China,” Trump said.

The case also raises concerns about whether the UK’s actions violate the CLOUD Act, a bilateral agreement between the U.S. and the UK that limits government demands for data on foreign citizens. Reports suggest that U.S. officials are now investigating whether Britain breached this agreement by pressuring Apple to create a ‘backdoor.’

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Trump’s first jobs report: Manufacturing roars back, reversing Biden-era losses

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America’s manufacturing sector is roaring back under President Donald Trump, reversing the steep job losses of the Biden era. February’s jobs report shows a surge in auto industry hiring, a major turnaround from Biden’s final year in office. White House Press Secretary Karoline Leavitt credited Trump’s pro-growth policies, declaring, “The American economy is soaring back to greatness.”

Key Details:

  • The U.S. added 10,000 manufacturing jobs in February, a sharp reversal from Biden’s final year, which saw an average loss of 9,000 per month.

  • The auto industry gained 8,900 jobs, the highest increase in 15 months, after shedding 27,300 jobs under Biden in 2023.

  • Private sector job growth accounted for 93% of February’s gains, showing strong business confidence in Trump’s economic policies.

Diving Deeper:

America’s manufacturing sector is making a swift comeback under President Donald Trump, with February’s jobs report showing significant growth in the industry. The sharp turnaround follows a year of manufacturing decline under Joe Biden, who oversaw the loss of 111,000 jobs in the sector.

The auto industry has been a major driver of this resurgence, adding nearly 9,000 jobs in February—the most in over a year. This growth stands in stark contrast to 2023 when the sector shed tens of thousands of jobs under Biden’s economic policies. White House Press Secretary Karoline Leavitt credited Trump’s leadership, stating, “The American economy is soaring back to greatness after the economic calamity left by Joe Biden.”

Economic confidence is also on the rise. S&P Global’s U.S. manufacturing survey reached its highest level since mid-2022, while the Manufacturing ISM Report on Business entered expansion territory after more than two years of contraction. These indicators suggest businesses are ramping up production, hiring workers, and responding favorably to Trump’s economic agenda.

With private sector growth leading the way and key economic indicators showing strength, the Trump Administration is setting the stage for continued economic momentum. As White House put it, “President Trump is just getting started.”

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