The auto industry has built a North American supply chain that ping-pongs parts between the U.S., Mexico and Canada. Tariffs of 25%, if actually imposed, would be costly for buyers and the industry.
Secretary of State Marco Rubio is in Panama to discuss the Canal. Amid this high-profile visit, Panamanians have been turning to El Gallinazo, an account that posts satirical takes on the news.
Staff at the Consumer Financial Protection Bureau were instructed by email to cease much of their work. Bessent, a wealthy Wall Street investor, replaces Rohit Chopra, who was fired on Saturday.