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President Trump goes all in on tariffs targeting Mexico, Canada, and China.

We'll get the latest from Washington and analyze today's market reaction.

There's just so much uncertainty around which part of the tariffs are going to apply where.

Will there be exceptions for certain companies?

And so the easier thing for investors to do is just to sell, buy into the safety of government bonds,

and maybe wait it out a little bit.

Plus, the Trump administration issues an ultimatum on the Panama Canal. And Elon Musk names

more companies in a suit claiming X was subject to an illegal ad boycott. It's Monday, February

3rd. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News.

The top headlines and business stories moving your world today.

President Trump is launching the opening salvo in a trade dispute with Mexico and Canada,

announcing that, beginning tomorrow, the U.S. will impose a 25% levy on imports from

both countries for failing to stop illegal migration and the flow of drugs into the country.

Trump imposed the moves under emergency economic authority never before used for tariffs,

and a senior administration official said the duties would remain

until the White House was satisfied with steps taken to scrub out the illicit fentanyl trade.

Trump also announced an additional 10% tariff on China.

...