Canadian Prime Minister Justin Trudeau condemns Trump's 'unjustified' 25% tariffs and says retaliatory tariffs on $155 billion of American goods will take effect at 12:01 AM EST if the US moves forward tonight.

A thousand snipers in the sky: the new war in Ukraine

Drones cause most Russian and Ukrainian casualties, reaching 80% in some battles. Drones cause more deaths and destroy more armoured vehicles than conventional weapons.

Of the 31 Abrams tanks supplied by the US, 19 have been destroyed, disabled or captured, mainly by drone attacks.

AI-controlled surveillance drones are on the horizon. An American-made Shield A.I. drone autonomously detected two Russian Buk SA-11 missile launchers and relayed their positions to Ukrainian forces for a strike.

Source: NYT

The Pentagon has denied media reports that Defense Secretary Pete Hegseth had ordered a halt in offensive cyber operations against Russia, according to a senior defense official.

Source: Bloomberg

JD Vance:

There was a lack of respect, there was a certain sense of entitlement.

Zelensky showed a clear unwillingness to engage in the peace process that President Trump has said is the policy of the American people and their president. That's the real breakdown

The sister of North Korea leader Kim Jong Un has said the country will respond to a US aircraft carrier's arrival in South Korea and other military activities.

“The DPRK is also planning to carefully examine the option for increasing the actions threatening the security of the enemy at the strategic level to cope with the fact that the deployment of U.S. strategic assets in the Korean Peninsula has become a vicious habit and adversely affects the security of the DPRK,”

The barrage of tariff announcements by the Trump administration drove US companies and individuals to buy a lot more imports to try and get goods across the US border before the levies were imposed. That took US trade deficit to a record in December, and it jumped another 26% in January to reach $153 billion in January.

Source: Bloomberg

The number of US citizens applying for UK citizenship hit a record high last year, partly due to Donald Trump's return to power and UK tax changes.

More than 6,100 US citizens applied last year – the most since records began two decades ago and 26% more than in 2023. Overall applications for UK citizenship rose by 6% to 251,000, also a record.

Applications from US citizens in particular surged in the last quarter of 2024, up 40% on the previous year to around 1,700, according to Home Office data.

Source: FT

China has imposed 15% retaliatory tariffs on select US goods.

Source: Bloomberg

Warren Buffett, the famed investor described tariffs as “an act of war”.

“Over time they’re attacks on goods,” Buffett said, responding to a question about their inflationary impact, suggesting that consumers will face higher prices as a result.

“Prices will be higher 10 years from now, 20 years from now, 30 years from now,” he said.

France has proposed using frozen Russian assets to guarantee Ukraine's security if Russia violates a future ceasefire agreement.

Source: FT

US Representative Darrell Issa will nominate Trump for the Nobel Peace Prize.

New US tariffs on Mexico, Canada and China began to have a negative impact on the US. After Trump said there was "no room left" for Mexico and Canada to avoid the tariffs, US stock markets tumbled.

The impact of China's tit-for-tat tariffs could be more severe over time.

NEW: Taiwan is reassessing its approach to the US, following the tense meeting between Trump and Zelensky.

Source: Bloomberg

NEW: All of Trump's top national security advisers approved the decision to cut off aid to Ukraine, Wall Street Journal reported, citing a US official.

US Senator Bernie Sanders:

Netanyahu's extremist government has stopped all humanitarian aid to Gaza.

Starving children is a war crime.

Taiwan’s Defense Minister on relations with the US:

We cannot rely on the goodwill of others to maintain peace in a rapidly changing international landscape.

WSJ, citing U.S. official:

Ukrainians didn’t believe we were serious, and we had to show them.

It is unclear whether Zelensky’s signing of the mineral deal will be enough to resume military aid.

Ukraine will be able to maintain its current pace of combat operations for only a few weeks, or possibly until early summer, following the U.S. suspension of military aid.

Source: CNN, citing a European official

Trump’s New Tariffs in Office

🇨🇳 China – 10% tariff on all imports
🇲🇽 Mexico – 25% tariff on all imports
🇨🇦 Canada – 25% tariff on most imports, lower rate for energy
🇨🇳 China – Additional 10% tariff on all imports

🔜 Planned Tariffs
🌍 Global – 25% tariff on aluminum & steel (March 12)
🌍 Global – Unspecified tariff on all agricultural products (April 2)
🌍 Global – Unspecified tariff on all foreign cars (April 2)