Tracey Mumford

From The New York Times, it's The Headlines. I'm Traci Mumford. Today's Friday, March 7th. Here's what we're covering. President Trump has made a whiplash reversal on tariffs against Canada and Mexico. They're now off again, at least kind of. He suspended many of the 25 percent surcharges just two days after they kicked in.

From The New York Times, it's The Headlines. I'm Traci Mumford. Today's Friday, March 7th. Here's what we're covering. President Trump has made a whiplash reversal on tariffs against Canada and Mexico. They're now off again, at least kind of. He suspended many of the 25 percent surcharges just two days after they kicked in.

From The New York Times, it's The Headlines. I'm Traci Mumford. Today's Friday, March 7th. Here's what we're covering. President Trump has made a whiplash reversal on tariffs against Canada and Mexico. They're now off again, at least kind of. He suspended many of the 25 percent surcharges just two days after they kicked in.

This decision came after pushback from business leaders and Canadian and Mexican officials. According to orders the White House released last night, some of the tariffs are permanently suspended. Others are merely paused. Most everyone involved is unsure of what could come next. For the stock market, that head spinning back and forth is weighing on investors.

This decision came after pushback from business leaders and Canadian and Mexican officials. According to orders the White House released last night, some of the tariffs are permanently suspended. Others are merely paused. Most everyone involved is unsure of what could come next. For the stock market, that head spinning back and forth is weighing on investors.

This decision came after pushback from business leaders and Canadian and Mexican officials. According to orders the White House released last night, some of the tariffs are permanently suspended. Others are merely paused. Most everyone involved is unsure of what could come next. For the stock market, that head spinning back and forth is weighing on investors.

The S&P 500 is on course for its worst week since two years ago when there was a banking crisis.

The S&P 500 is on course for its worst week since two years ago when there was a banking crisis.

The S&P 500 is on course for its worst week since two years ago when there was a banking crisis.

My colleague Ben Castleman says coming into the year, the economy looked quite strong by a number of measures.

My colleague Ben Castleman says coming into the year, the economy looked quite strong by a number of measures.

My colleague Ben Castleman says coming into the year, the economy looked quite strong by a number of measures.

As the tariff drama has played out, the U.S. and Canada have increasingly found themselves at odds. They used to be the closest of allies, but their relationship has taken a hit, not just because of the tariffs, but also because Trump has been calling Canada's sovereignty into question.

As the tariff drama has played out, the U.S. and Canada have increasingly found themselves at odds. They used to be the closest of allies, but their relationship has taken a hit, not just because of the tariffs, but also because Trump has been calling Canada's sovereignty into question.

As the tariff drama has played out, the U.S. and Canada have increasingly found themselves at odds. They used to be the closest of allies, but their relationship has taken a hit, not just because of the tariffs, but also because Trump has been calling Canada's sovereignty into question.

Trump has repeatedly talked about Canada becoming a state and referred to Prime Minister Justin Trudeau as a governor. And while the remarks could all be bluster or a negotiating tactic, it's increasingly clear that Canada is taking them seriously.

Trump has repeatedly talked about Canada becoming a state and referred to Prime Minister Justin Trudeau as a governor. And while the remarks could all be bluster or a negotiating tactic, it's increasingly clear that Canada is taking them seriously.

Trump has repeatedly talked about Canada becoming a state and referred to Prime Minister Justin Trudeau as a governor. And while the remarks could all be bluster or a negotiating tactic, it's increasingly clear that Canada is taking them seriously.

The Times has learned that Canada's on guard because of several recent phone calls between American and Canadian officials. According to people with firsthand knowledge of the calls, Trump told Trudeau that he did not believe the treaty that demarcates the border between the U.S. and Canada is valid and that he wants to revise the boundary. He didn't elaborate.

The Times has learned that Canada's on guard because of several recent phone calls between American and Canadian officials. According to people with firsthand knowledge of the calls, Trump told Trudeau that he did not believe the treaty that demarcates the border between the U.S. and Canada is valid and that he wants to revise the boundary. He didn't elaborate.