Trade wars, Ukraine aid, Russia sanctions and Gaza alternative

President Donald Trump’s new tariffs on imports from Mexico, Canada and China have taken effect, launching new trade conflicts with the top three U.S. trading partners. The White House has paused military aid to Ukraine, deepening the fissure that has opened between the two countries after Friday’s aborted talks. The U.S. is drawing up a plan to potentially give Russia sanctions relief as Trump seeks to restore ties with Moscow and stop the war in Ukraine. And Arab leaders meet in Cairo to discuss a plan for Gaza that would sideline Hamas and create interim bodies run by Arab, Muslim and Western states. Find our recommended read here. Sign up for the Reuters Econ World newsletter here. The Reuters Econ World podcast on the Transatlantic economy is here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices