While critics argue Trump has damaged the credibility of the US, Canada will likely review its food security – and the EU awaits its own fate.

Emerging-market stocks and currencies rallied as fears eased Tuesday that President Donald Trump’s threats would spark a full-blown trade war.

Punishing 25% levies on imports from America’s closest neighbors were due to come into force at 12:01 a.m. ET Tuesday, but Trump put his two-front trade war on hold, claiming he’d scored two big wins and major concessions.

Tariffs are no longer a threat but a reality. Some business owners are stocking up on supplies to protect their bottom lines.