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Today’s Rundown:
- TRUMP PAUSES TARIFFS ON CANADA AND MEXICO BUT KEEPS THEM ON CHINA: Canadian Prime Minister Justin Trudeau appointed a “fentanyl czar” and established a joint task force with the U.S. to address organized crime. Mexican President Claudia Sheinbaum agreed to deploy 10,000 National Guard members to strengthen border enforcement. China announced retaliatory tariffs, including 15% on U.S. coal and liquefied natural gas, and 10% on crude oil and automobiles, set to take effect on February 10.
- PANAMA ENDS TIES WITH CHINA’S FOREIGN INVESTMENT PROGRAM AFTER US PRESSURE: Panama announced it would not renew its participation in China’s Belt and Road Initiative (BRI) upon the agreement’s expiration in 2026. This decision followed discussions between Panamanian President José Raúl Mulino and U.S. Secretary of State Marco Rubio.
- ECUADOR’S CONSERVATIVE PRESIDENT IMPOSES TARIFFS ON MEXICO, FOLLOWING TRUMP’S LEAD: Ecuador’s President Daniel Noboa announced a 27% tariff on Mexican imports, aiming to bolster local manufacturing and protect domestic industries. This move aligns with recent U.S. trade policies under President Donald Trump, who proposed similar tariffs on Mexico.
- TRUMP SIGNS ORDER ESTABLISHING FIRST-EVER US SOVEREIGN WEALTH FUND: President Donald Trump signed an executive order to create the first-ever United States sovereign wealth fund. This fund aims to generate wealth for American citizens by investing in various assets, including real estate and businesses. The initiative is expected to be operational within the next 12 months.
- USAID STAFF BARRED FROM HEADQUARTERS AFTER MUSK CLAIMS TRUMP AGREED TO CLOSE IT: On February 3, 2025, staff members of the U.S. Agency for International Development (USAID) were instructed to avoid entering the agency’s Washington, D.C., headquarters. This directive followed statements from Elon Musk, head of the Department of Government Efficiency (DOGE), asserting that President Donald Trump agreed with the decision to shut down USAID.
- FEDERAL JUDGE ISSUES REALITY CHECK TO BLAKE LIVELY AND JUSTIN BALDONI’S LAWYERS: During a recent hearing, U.S. District Judge Lewis Liman admonished the legal teams of Blake Lively and Justin Baldoni to refrain from making public statements that could influence potential jurors. Judge Liman expressed concern that such publicity could compromise the fairness of the trial and instructed both sides to propose a protective order to keep evidence private.
- MLB UPHOLDS FIRING OF UMPIRE PAT HOBERG OVER GAMBLING VIOLATION, DESPITE HIS DENIAL: Major League Baseball (MLB) announced the termination of umpire Pat Hoberg for violating the league’s gambling policies. An investigation revealed that Hoberg shared legal sports betting accounts with a professional poker player who placed bets on baseball games.
- UNITEDHEALTHCARE TO PAY $2.5 MILLION SETTLEMENT TO 12,000 CUSTOMERS: UnitedHealthcare has agreed to a $2.5 million settlement to resolve a class-action lawsuit alleging violations of the Telephone Consumer Protection Act (TCPA). The lawsuit claimed that between 2015 and 2019, the company made marketing calls to individuals who were not UnitedHealthcare members and had not consented to receive such calls.
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