Currency traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go into effect.

President Trump agreed to delay tariffs on Mexico and Canada for a month after both countries pledged to do more to block drugs and migrants.

Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop him would be a stock market selloff.

OLD MAN’S STILL GOT IT! The late JIMMY CARTER started the Habitat for Humanity. GEORGE W. BUSH found his passion in painting portraits. And former President JOE BIDEN is heading to Hollywood for his next act post-presidency (kidding … sort of).

Trump knows the United States has more leverage over its neighbors than they do over his country. But exploiting that position of strength could cause a historic rupture.

But Mr Trump’s most incendiary claims are reserved for China. The Communist Party, he says, “has subsidised and otherwise incentivised” Chinese firms to “export fentanyl and related precursor chemicals that are used to produce synthetic opioids sold illicitly in the United States”.