The White House announced wide-ranging tariffs against the U.S.'s biggest trading partners: Mexico, Canada and China. At the last minute, both Canada and Mexico negotiated a pause. WSJ’s Gavin Bade unpacks the significance of the tariffs and the latest updates. Further Reading: -Trump Slaps Tariffs on Mexico, Canada and China in Opening Salvo of Trade War -Trump Aides Hunt for 11th-Hour Deal to Dial Back Canada-Mexico Tariffs Further Listening: -Trump 2.0 A Whiplash on Federal Spending -Trump 2.0: A Fast Start to a Second Term -How One Business Is Getting Ahead of Trump’s Tariffs Learn more about your ad choices. Visit megaphone.fm/adchoices