Congress appears set to avoid a government shutdown, with the Senate preparing to pass legislation that would fund the government through September at spending at levels similar to the 2024 fiscal year.

President Trump is locked in a tit-for-tat tariff war with Canada, Mexico, the European Union and China in a bid to remake the US economy for the long term – and some early winners and losers have already emerged.

In another reversal, Trump postponed for a month new tariffs on imports from Canada and Mexico that fall under the three nations' free trade deal.