Tariffs

Global markets dip as Trump formalizes new tariffs

NPR -   Mexico is one of the countries that will see a delay in tariffs. Trump and Mexican President Claudia Sheinbaum announced a 90-day delay, and Trump hinted at broad agreements with a handful of other trading partners, including the EU and South Korea. Some of these are not done deals, but announcing them allows the administration to "tell the story that they're getting things done," NPR's Danielle Kurtzleben tells Up First. She adds that there are signs consumer spending is slowing and prices are picking up. Many economists say these tariffs are modestly weakening the economy.