February 3, 2025: The trade war begins

POLITICO Playbook Daily Briefing

On Saturday, President Donald Trump signed an order to impose 25% tariffs on imports from Canada and Mexico and a 10% tariff on energy products from Canada. Those new actions go into effect at midnight, and experts are predicting the economic fallout could be catastrophic. Canadian federal politics reporter and Ottawa Playbook author Nick Taylor-Vaisey joins Playbook deputy editor Zack Stanton to give some insight on what tariffs mean for the U.S.-Canada alliance and how regular Canadian citizens are responding. Plus, secretary of State Marco Rubio makes waves in Panama about the canal, and is the end near for USAID? All that, plus the rest of the news you need to know today.