Donald Trump’s decisions to suspend military aid to Ukraine and impose tariffs on the US’s top trading partners have reverberated across the globe, as Europe seeks to shore up Kyiv and China, Canada and Mexico respond to the new import duties.

President Trump said tariffs on Mexico and Canada will go into effect on March 4. He added that tariffs on China will see a 10% hike then, too. In addition, the President threatened to slap Europe with a 25% tariff.

The US and Mexico bid has been favored to win 2031 Women’s World Cup hosting rights since last year, when the two federations pulled out of bidding for the 2027 edition.

Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude, a senior Mexican government official said.

The expected bid by the United States and Mexico to co-host the 2031 Women’s World Cup can face only a rival bid from Africa, with FIFA on Wednesday excluding Europe from the contest. FIFA also invited bids for the 2035 tournament only from Europe or Africa,

Wall Street reversed course before the bell and markets in Europe and Asia were mostly lower after a new round of tariffs imposed by U.S. President Donald Trump took effect.

European shares joined a global market selloff on Tuesday after U.S. tariffs on Canada, Mexico and China took effect, raising concerns that similar levies could be imposed on Europe.

A look at the day ahead in European and global markets from Kevin Buckland Europe wakes up to new U.S. tariffs on Canada, Mexico and China, bringing into starker relief Donald Trump's threat of levies for the EU next.

The dollar jumped on Thursday and was poised for its biggest daily percentage gain in more than two months as U.S. President Donald Trump's latest tariff comments overshadowed signs of slower economic growth.

A bid by the United States and Mexico to co-host the 2031 Women's World Cup can face only a rival bid from Africa, with FIFA on Wednesday excluding Europe from the contest.