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Canada and Trump reach a border deal that delays tariffs for at least 30 days

Donald Trump and Justin Trudeau are seen together in 2018
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Saul Loeb/AFP/Getty Images

  • Justin Trudeau announced on Monday that the US will suspend plans for 25% tariffs on Canadian goods.
  • Trump later confirmed the deal.
  • For now, a vast North American trade war is on hold.

Canadian Prime Minister Justin Trudeau on Monday announced that the US's plan to impose 25% tariffs will be on hold for at least 30 days.

Trudeau's announcement on X comes just hours after President Donald Trump brokered a similar pause with Mexico, effectively halting a trade war between the US and its neighbors for now.

"Proposed tariffs will be paused for at least 30 days while we work together," Trudeau posted on X.

Trump later confirmed the temporary trade truce. He wrote on Truth Social that Canada had "agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country."

"As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that," Trump wrote. "I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured. FAIRNESS FOR ALL!"

The two leaders focused on Canada's $1.3 billion border plan. The initial announcement of the massive investment was made in December.

Trump has said that tariffs are needed to get Mexico and Canada to address the flow of fentanyl into the US. In his statement, Trudeau said Canada would be implementing a $1.3 billion border plan that would involve "reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl."

He said that Canada would be devoting nearly 10,000 personnel to protect the border, and that Canada is committing to appointing a Fentanyl Czar, among other actions.

Over the weekend, Trudeau laid out a plan for more than $100 billion in retaliatory tariffs if Trump did not relent. Canada's list of tariffed goods targeted Trump's political base, covering everything from Florida oranges and Kentucky bourbon to appliances made in Vice President JD Vance's home state of Ohio.

Elon Musk wasn't immune from the fallout. Ontario Premier Doug Ford wrote on X that he would be "ripping up the province's contract" with Space X's Starlink.

Canada's first retaliatory tariffs were set to go into effect Tuesday. Additional measures were expected to apply to US tech exports, which were absent from the first list.

During Trump's first term, nations designed tariffs to inflict political damage. Kentucky bourbon was frequently targeted due to Sen. Mitch McConnell's status as Senate Majority Leader.

In recent weeks, Trump and his allies have repeatedly criticized Canada. Before taking office, Trump said that the US biggest trade partner should be the 51st state. Trump's taunts came during a difficult time for Trudeau.

The Canadian leader's popularity collapsed before he announced last month that he would resign as prime minister once the Liberal Party selects a new leader.

This story is developing.

Read the original article on Business Insider

Meta hires a former TikTok exec to build relationships with metaverse developers and creators

Shadi Nayyer
Shadi Nayyer.

Angella Choe.

  • Shadi Nayyer has joined Meta in a new role focused on metaverse creator and developer relationships.
  • Nayyer's role overseeing ecosystem growth rolls up into the Reality Labs content organization.
  • Prior to joining Meta, Nayyer led global creator programs at TikTok.

Meta has tapped former TikTok exec Shadi Nayyer to oversee a new team that will build relationships with creators and developers in its metaverse division, Reality Labs.

Nayyer's new role leading ecosystem growth falls under the content organization within Reality Labs. She told Business Insider she'll initially focus on creators who develop inside its virtual-reality game Horizon Worlds and other metaverse apps.

She plans to hire a team of developer advocates, community leaders, and program managers to host hackathons, attend third-party events, and run competitions and other community programs. Over time, the work will expand into other parts of the division, such as augmented reality, Nayyer said.

"A lot of what my focus is going to be on is essentially growing our developer creator ecosystem," she said. "Bringing on creators, builders, developers onto the Meta platform. Helping them learn about our products, about our tools, and just getting them into our various creator programs."

Nayyer was previously TikTok's head of creator programs.

Meta sees 2025 as a critical year for its metaverse work, per a recent internal memo from chief technology officer Andrew "Boz" Bosworth viewed by BI. Bosworth called out Horizon Worlds as an area of focus, saying that platform would need to "break out" for the company's long-term plans to come to fruition.

Horizon Worlds offers a mix of games, live events, and social features for Meta's Quest VR headsets, as well as mobile and desktop devices. In September, Meta product VP Aigerim Shorman said usage of the Horizon platform was up "5x compared to last year," and Horizon Worlds was a top-five app on the Quest 3 as measured by weekly users.

The company told investors during last week's fourth-quarter earnings that its Reality Labs unit hit $1.08 billion in revenue in the period. It expects operating losses in the division to increase in 2025, as they did in 2024.

Nayyer, who joined Meta last month, said her team will focus on driving up engagement from the metaverse developer community.

Prior to joining Meta, Nayyer oversaw creator programs and community at TikTok, where she worked on creator product marketing, partnerships, and community development, as well as its diversity, equity, and inclusion programming. Before that, Nayyer worked on community marketing at Twitch.

Meta and TikTok did not respond to requests for comment.

Read the original article on Business Insider

Which states may feel the brunt of Trump's tariffs

Data:ย Trade Partnership Worldwide; Note: Based on January-November 2024 trade data. Map: Alex Fitzpatrick/Axios

Businesses in some states โ€” many near the country's northern and southern borders โ€” may feel President Trump's tariffs on goods from Canada, Mexico and China most acutely, per a new estimate shared with Axios.

Why it matters: Trump and others view tariffs as political cudgels for extracting concessions from targeted countries. But they're also likely to make stuff more expensive as companies pass higher costs along to everyday Americans.


Catch up quick: Trump on Saturday imposed tariffs of 25% on Mexican and Canadian goods and 10% on Canadian energy imports, plus issued new 10% tariffs on Chinese imports.

  • Trump on Monday delayed his planned Mexico and Canada tariffs for a month.

Driving the news: The tariffs as issued Saturday would have an estimated $232.7 billion national impact, per economic research firm Trade Partnership Worldwide and based on trade from January to November 2024.

  • That impact would be largest for businesses in Texas ($47.1 billion), California ($32.6 billion) and Michigan ($27.8 billion).

How it works: The estimates are based on census data for foreign imports and reflect "the composition of current trade based on existing company-to-company relationships," Trade Partnership Worldwide president Daniel S. Anthony tells Axios.

What they're saying: "Canada and Mexico account for over 90% of all Montana imports, versus just 5% for Hawaii," Anthony says. "So virtually anything that Montana companies import from the world could be subject to new tariffs in the immediate future."

  • "Similarly, states where Canadian energy imports are large see reduced impacts from the lower energy tariff. But even 10% is a huge cost when you look at a state like Illinois that imports tens of billions of dollars annually in Canadian crude oil."

Caveat: Tariffs may lead to less trade overall, Anthony notes โ€” meaning past data isn't necessarily indicative of future tariff effects.

What's next: Trump is having ongoing conversations with his Canadian counterpart Justin Trudeau, who bashed U.S. tariffs as a shocking and perplexing betrayal of a longtime ally and promised retaliation.

I never liked running, but I challenged myself to run a marathon. I completed my goal and still think running is torture.

woman running on a trail next to the ocean
The author (not pictured) ran a marathon with just six months of training.

Jordan Siemens/Getty Images

  • I always hated running but a charitable cause inspired me to train for a marathon.
  • I had to stick to a strict schedule during my six months of training.
  • Although I almost quit in the middle of the marathon, I completed and reached my goal.

I never understood how people could like running. All I ever felt was pure torture. When I'd attempt to run, I'd only make it halfway around the block before I started feeling like I was going to pass out.

But one day, I received a postcard from a charity. It featured a beautiful picture of Hawaii. The postcard said I could help children battling cancer by raising money and running a marathon.

Intrigued, I attended a meeting to hear more. At the end of the video presentation, the last young person interviewed said, "I just want to live." Tears filled my eyes, and I immediately rushed to the table to sign up.

I only needed to fundraise thousands of dollars and run 26.2 miles in six months; how hard could it be?

Sticking to a routine became my first mental hurdle

I often wing things in life, but I knew showing up unprepared for a marathon would be a big mistake. Thankfully, I had access to a detailed training plan and support. I now had a big "why" and a plan but still needed discipline to follow through.

I gathered things to make me feel like a successful runner: the shoes, the running belt, the energy packs, and all my favorite tunes. I started to feel motivated.

The first mental hurdle was committing to daily training. Knowing that if I made one excuse to skip a day, I'd start making more. It was a commitment I had to make to myself, and I decided to go all in.

I ran by myself daily to build my endurance, and on weekends, I ran with a group to further my distance. I became friends with some women who ran at my pace, but I needed to keep pushing myself to keep up with them at training.

My belief in my abilities started increasing. I continued achieving the goals I set for myself, and I celebrated those milestones with a quart of ice cream that I knew I'd eventually burn off.

After surpassing my fundraising goal, I felt confident enough to set my final challenge: to run the marathon in under five hours.

Race day became the ultimate test

After just six months of training, I made it to Hawaii, loaded up on carbs, and barely slept that night. It was early morning when I stood beside my running friends in the crowded starting area. I felt nervous and was already sweating from the heat before the starter gun went off.

Everything was going fine until mile 22. Out of nowhere, my body started shaking, tears began flowing, and I felt like I couldn't take one step further. I quickly realized this was the infamous "wall" I had heard about. My mind and body were exhausted, and I didn't know what to do.

I began to convince myself I could do it and only needed to make it to the water station ahead in the distance. I knew I had to keep running because if I stopped, I would never start back up again.

I didn't want to fail after all the time and effort I had put into everything. When I finally reached the station, I threw water on myself and checked the time. I would have to continue running at least my usual pace to achieve my goal.

With all odds against me, I started saying, "I can do all things through Christ who strengthens me." I kept repeating this as my mantra, refusing to let any other thoughts enter my mind.

With a second wind, I took off and just kept running. I was determined to come in under the five-hour mark.

I achieved my goal by forging ahead

The crowd was lined up on both sides, screaming and cheering, and I could see the finish line. The final .2 miles became the longest .2 miles of my life. My mantra changed to, "Just make it over the finish line, and you will never have to run again."

With my eyes fixated on the clock, I crossed over at 4:57:38.

The marathon was much more challenging than I imagined, but the biggest obstacle I had to overcome was the belief that I could do it and the willingness to push myself past what was comfortable.

I still believe that running is torture, but I learned that once you truly set your mind to do something, anything is possible.

Read the original article on Business Insider

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