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03.02.2025

Day Trade Pains Bought Time

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This page is an archive of main headlines from the US for 03.02.2025.

It displays 266 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

03.02.2025 โ‡ข Day Trade Pains Bought Time
โŒจTrump's tariff threats against Mexico, Canada and China generated market turbulence through morning trading, with the Dow dropping 550 points. By afternoon, Mexico secured a one-month pause by committing 10,000 troops to border control. Canada followed with its own 30-day reprieve after pledging enhanced border security and a "Fentanyl Czar."

The USAID crisis deepened as Musk announced Trump's approval to "shut down" the agency. Staff were locked out of headquarters while Marco Rubio was appointed acting administrator. Democrats attempted to block State Department nominees in response.

Trump created a U.S. sovereign wealth fund, with reports indicating TikTok as a potential first acquisition. Musk received an unpaid government position. The Grammy Awards saw Beyoncรฉ win her first Album of the Year, while Kendrick Lamar took Record and Song honors.

Panama announced withdrawal from China's Belt and Road Initiative following Rubio's diplomatic visit.
03.02.2025
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Yahoo! News

Grammys: Beyoncรฉ wins Album of the Year for 'Cowboy Carter'

Music's biggest night is here. The Grammys are the first ceremony in L.A. since the fires, and tonight's show is also focusing on relief efforts.
00:28 (05:28 in your timezone)
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Yahoo! News

Grammys: Kendrick Lamar wins Song and Record of the Year for 'Not Like Us'

Music's biggest night is here. The Grammys are the first ceremony in L.A. since the fires, and tonight's show is also focusing on relief efforts.
00:44 (05:44 in your timezone)
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Yahoo! News

Grammys red carpet: The hottest looks from music's biggest night

The Grammys have seen some of the most iconic fashion moments of all time. Here's what stars are rocking for the 67th annual show.
00:52 (05:52 in your timezone)
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Yahoo! News

Grading the Lakers-Mavs trade: Who won the Luka Donฤiฤ‡-Anthony Davis swap?

During the cover of night, the Lakers and Mavericks decided to shake up the world of basketball, conducting a trade that most wouldn't even dare pull off in NBA 2K.
01:40 (06:40 in your timezone)

01:42 (06:42)โ‡ขPrices Brace for Tariff Storm

โŒจThe newspapers report extensively on Trump's new tariffs causing market concerns, with supermarkets preparing for price spikes (Boston Globe, HuffPost) and McConnell indicating likely support despite reservations (CBS). The Grammy Awards generate significant coverage as Beyoncรฉ finally wins Album of the Year (NPR, NY Post, LA Times). The CDC faces internal disruption over orders to retract journal articles containing "forbidden terms" (HuffPost, Common Dreams).
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US President Trump fired his latest tariff shot at Beijing as part of sweeping trade measures that also targeted Mexico and Canada. Now the question for Chinese leaders is how strongly to retaliate.
02:52 (07:52 in your timezone)
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Yahoo! News

Who won the Anthony Davis-Luka Donฤiฤ‡ blockbuster trade?

During the cover of night, the Lakers and Mavericks decided to shake up the world of basketball, conducting a trade that most wouldn't even dare pull off in NBA 2K.
03:08 (08:08 in your timezone)
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Yahoo! News

Trump warns Americans of 'some pain' to come when tariffs take effect Tuesday

The tariffs could lead to increased inflation domestically, while also straining relations with key allies.
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07:10 (12:10)โ‡ขMusk Locks USAID While Trump Taxes Trade

โŒจThe newspapers report extensively on Trump's simultaneous moves against trade and aid: new tariffs targeting Canada, Mexico, and China trigger market slides and retaliation threats (NPR, CNN, NYTimes), while Musk announces Trump's agreement to shut down USAID, with staffers already locked out of systems (AP, Washington Post, CBS). Meanwhile, L.A. fires destroy middle-class communities in Pacific Palisades (LA Times), and Beyoncรฉ wins Album of the Year at the Grammys (NY Post).
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At a meeting of the DNC, the party seemed to be at pains to demonstrate that it learned nothing from its 2024 defeat.
09:39 (14:39 in your timezone)
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Finlandโ€™s Left Alliance is uniting a left coalition to deliver a rebuttal to right-wing austerity. Former leader Li Andersson outlines a winning playbook that combines environmental priorities with robust workersโ€™ rights.
09:40 (14:40 in your timezone)
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09:42 (14:42)โ‡ขUSAID Lockout as Markets Plunge

โŒจThe newspapers extensively report on two major developments: Trump and Musk's move to shut down USAID, with headquarters closed and staff told to stay home (CNN, CBS, Breitbart, Common Dreams), and Trump's new tariffs causing significant market downturn with the Dow dropping 500 points (Washington Post, ABC News). These actions spark international concern about humanitarian aid disruption and trade relations (The Daily Wire, Newsweek).
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Yahoo! News

Here's what you didn't see on TV at the 2025 Grammys

Get caught up on the biggest stories of the day with our newsletter.
10:12 (15:12 in your timezone)
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Mexicoโ€™s president said her country struck a deal to put the tariffs on hold for a month, but levies on Canada and China were still set to take effect.
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10:45 (15:45)โ‡ขMexico Spared as Global Markets Collapse

โŒจThe newspapers report extensively on Trump's new tariffs, with a temporary reprieve for Mexico (Washington Post, NYTimes, ABC, NBC) while global markets tumble in response (AP, CBS, NPR). European leaders promise unified action against the measures (Epoch Times). Simultaneously, Musk's announcement of closing USAID with Trump's approval generates concerns about data access and security among federal workers (Slate, OAN, The Daily Beast).
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Yahoo! News

8 things you didn't see on TV at the Grammys

Get caught up on the biggest stories of the day with our newsletter.
10:52 (15:52 in your timezone)
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President Trump announced he is pausing tariffs targeting imports from Mexico for a month after the country's president agreed to send 10,000 troops to the U.S.-Mexico border.
10:59 (15:59 in your timezone)
11:00
Los Angeles Times
Produced and operated by L.A. Times Studios, the video stream showcases premium content, including news, entertainment, food, business, culture, lifestyle and true crime. Streaming weekdays, 8 a.m. to 5 p.m. PT.
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11:17 (16:17)โ‡ขMexico Trades Troops for Tariff Pause

โŒจThe newspapers extensively report on Trump's agreement with Mexico's President Sheinbaum to pause the planned 25% tariffs for one month (ABC, CBS, CNN, NYT, AP, WaPo, USA Today). Mexico committed to sending 10,000 troops to the border as part of the deal. The tariffs on Canada and China remain set to take effect Tuesday, despite market concerns.
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Donald Trumpโ€™s tariffs are part of a desperate attempt by a declining America to cling to its position as the worldโ€™s most powerful nation by using its economic heft to coerce rivals and allies.
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Mexicoโ€™s President Claudia Sheinbaum agreed to send 10,000 troops to its northern border as one of the ways to stop a 25 percent tariff from the Trump administration temporarily. The concession comes after days of grandstanding by the Mexican president, who publicly claimed she would stand up for her countryโ€™s sovereignty.
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Yahoo! News

U.S. tariffs on Mexico 'paused for a month,' Mexican president says

Claudia Sheinbaum said Mexico has agreed to "reinforce" the Mexico-U.S. border with 10,000 National Guard troops "immediately."
12:04 (17:04 in your timezone)
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13:42 (18:42)โ‡ขMexico Trades Troops For Time

โŒจThe newspapers report on Trump's deal with Mexico to pause tariffs for a month in exchange for 10,000 troops at the border (ABC, CNN, NYT, AP, multiple others). New developments include plans to merge USAID into State Department with reduced funding (CBS, Yahoo), which Ocasio-Cortez denounces as a "plutocratic coup" (Common Dreams). Panama announces withdrawal from China's Belt and Road Initiative following Rubio's visit (The Blaze).
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Yahoo! News

Elon Musk said Donald Trump agreed USAID needs to be 'shut down'

Musk said the president confirmed he wants to shut down the agency, which dispenses billions in humanitarian aid and development funding annually.
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15:01 (20:01)โ‡ขMusk Gets Office, USAID Gets Rubio

โŒจThe newspapers report on Trump's new governmental changes: Elon Musk becomes an unpaid government employee heading "Department of Government Efficiency" (USA Today), while USAID faces major restructuring with Rubio as acting director (NPR, Politico, Yahoo). A new U.S. sovereign wealth fund is established, potentially targeting TikTok as first acquisition (NY Post). Russian media celebrates these changes (Daily Beast). The Mexico tariff pause, announced earlier, continues to generate coverage.
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President Claudia Sheinbaum says Mexico will send 10,000 soldiers to the US-Mexico border
16:28 (21:28 in your timezone)
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16:37 (21:37)โ‡ขMexico's Month of Grace

โŒจThe newspapers report extensively on Trump's latest trade negotiations: a one-month pause on Mexico tariffs in exchange for 10,000 border troops (CNN, Boston Globe, NYT, Fox), while maintaining pressure on Canada. Simultaneously, controversy surrounds USAID's restructuring, with Democrats protesting Elon Musk's involvement (HuffPost, Common Dreams, The Blaze) and a Democratic senator blocking State Department nominees (NBC). Trump's creation of a sovereign wealth fund, potentially targeting TikTok, adds another dimension (OANN, NY Post).
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17:25 (22:25)โ‡ขNorthern Borders Buy Time

โŒจThe newspapers extensively report on Trump's decision to pause tariffs on both Canada and Mexico for 30 days (ABC, CBS, CNN, NYT, AP, multiple others). Canada agreed to appoint a 'Fentanyl Czar' (Epoch Times), while parallel discussions continue about USAID's restructuring, with Democrats opposing Musk's involvement in government payment systems (Common Dreams, Mother Jones, Breitbart).
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Mexican President Claudia Sheinbaum said that following a phone call with President Trump Monday morning, the U.S. has agreed to put planned tariffs on Mexico on hold for a month.
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Yahoo! News

Rubio says he's acting head of USAID as Dems push back on Musk's power in D.C.

Although the U.S. spends less than 1% of its budget on foreign assistance, USAID has been one of the federal agencies most targeted by the Trump administration.
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19:09 (00:09)โ‡ขTrudeau Trades Fentanyl Czar for Tariff Pause

โŒจThe newspapers extensively report on Trump's pause of tariffs on both Canada and Mexico for 30 days (Boston Globe, CNN, Fox, NBC, NPR, AP, multiple others). Canada agreed to a $1.3 billion border security plan and appointment of a 'Fentanyl Czar' (Breitbart, USA Today). Meanwhile, separate coverage focuses on Elon Musk's growing influence over government agencies (NYTimes) and controversy over DOGE's access to Treasury information (Newsweek).
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Senate Majority Leader Mitch McConnell has called President Donald Trump tariffs a โ€œbad ideaโ€ during a โ€œ60 Minutesโ€ interview.
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Yahoo! News

U.S. tariffs on Mexico and Canada paused. Has a crisis been averted?

While the trade war feared by investors, companies and political leaders now seems less likely to erupt, it doesn't mean the drama over President Trump's tariff threats is over.
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Yahoo! News

U.S. tariffs on Mexico and Canada put on pause for 30 days

While the trade war feared by investors, companies and political leaders now seems less likely to erupt, it doesn't mean the drama over President Trump's tariff threats is over.
20:20 (01:20 in your timezone)
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Yahoo! News

Trump agrees to 30-day pause on tariffs against Mexico and Canada

While the trade war feared by investors, companies and political leaders now seems less likely to erupt, it doesn't mean the drama over President Trump's tariff threats is over.
20:28 (01:28 in your timezone)
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Yahoo! News

U.S. pauses tariffs on Canada and Mexico. But a crisis may not be averted yet.

While the trade war feared by investors, companies and political leaders now seems less likely to erupt, it doesn't mean the drama over President Trump's tariff threats is over.
21:56 (02:56 in your timezone)

21:57 (02:57)โ‡ขMusk's Young Guard Takes Treasury

โŒจThe newspapers expand on the tariff pause story with new border agreements: Mexico faces cartel threats against Border Patrol (Fox News) while Canada implements a border security plan. A parallel story emerges about Trump and Musk targeting USAID (Boston Globe, Politico, Slate). Meanwhile, Musk's DOGE initiative raises concerns, with reports revealing his young team's unusual access to government systems (The Atlantic, Daily Beast, NPR).
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Yahoo! News

8 things you didn't see on TV at the Grammys

At the night's end, Taylor Swift was dancing with a champagne bottle in one hand and a glass in another during Charli XCX's performance.
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El Salvador offers to accept US deportees of any nationality, as well as imprisoned Americans, says US Secretary of State, alarming critics and rights groups
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