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Start your day off right with five things you need to know this morning.
Five things you need to know
Justin Trudeau has now spoken with Donald Trump for the first time since the latter began his second presidency, and will speak to him again this afternoon. It comes after the US launched a trade war against Canada on the weekend.
It's a boos-and-booze-ban bonanza across Canada as the country wakes up to the reality of being betrayed by its erstwhile friend and ally to the south. An NHL game in Vancouver and an NBA fixture in Toronto on Sunday both included the booing of the US national anthem, while American alcohol products are fast vanishing from the shelves of Canadian liquor stores.
Canadian sports fans continued to voice their displeasure with the United States on Sunday, booing the American national anthem before an NHL game in Vancouver and an NBA tilt in Toronto.
— CHCH News (@CHCHNews) February 3, 2025
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US Vice President JD Vance has mocked Canada and Mexico after his boss launched a trade war against both countries over the weekend. He wrote on X: "Spare me the sob story about how Canada is our 'best friend,'" adding: "Are they stopping the flow of drugs into our country? I’m sick of being taken advantage of."
Spare me the sob story about how Canada is our “best friend.” I love Canada and have many Canadian friends. But is the government meeting their NATO target for military spending? Are they stopping the flow of drugs into our country?
— JD Vance (@JDVance) February 2, 2025
I’m sick of being taken advantage of.
Shares in US companies have fallen considerably after President Trump launched a trade war against Canada, Mexico and China on the weekend, while stressing that the EU and UK are next on the menu. Market watchers have said the sell-offs are due to fears that the move by the US could spark a worldwide trade war.
Investors sold stocks and bought dollars as Trump imposed new tariffs on Mexico, Canada, and China, affecting $1.3 trillion in trade. Markets tumbled, with Japan's Nikkei down 3% and European car stocks plunging. Retaliatory tariffs loom https://t.co/lLUu9BRH0Q pic.twitter.com/ixCD60dMrM
— Reuters Business (@ReutersBiz) February 3, 2025
The Mexicans have cut a deal with President Trump to delay for one month the imposition of a 25 per cent tariff on Mexican goods heading into the US. Mexico's president, Claudia Sheinbaum, said it comes after she had a "good conversation" with Trump and agreed to send thousands of troops to the US border. In return, she said, the Americans have committed to stopping the flow of guns into Mexico.
Sostuvimos una buena conversación con el presidente Trump con mucho respeto a nuestra relación y la soberanía; llegamos a una serie de acuerdos:
— Claudia Sheinbaum Pardo (@Claudiashein) February 3, 2025
1.México reforzará la frontera norte con 10 mil elementos de la Guardia Nacional de forma inmediata, para evitar el tráfico de drogas…