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Live Updates From CNN - The latest on Trump's presidency as tariffs on Canada, Mexico and China loom

3rd February 2025

Things move quite fast today with stock markets slumping all around the world.

Americans getting ready to pay higher prices for some foods cars and at the gas pumps in coming months.

An increase in inflation seems likely forcing the Fed to increase interest rates.

The US dollar jumped against a basket of exposed currencies on Sunday. It moved from MXN 20.68 against the Mexican peso to MXN 21.09 and from CAD 1.45 to CAD 1.47 against the Canadian dollar. Against the euro, the US dollar rose to EUR 0.98, from 0.97, approaching parity, a situation last seen in 2022.

CNN is running live updates in tis fast moving news situation.

See it HERE