Trump says he&rsquo s weighing giving 20% of DOGE savings to Americans

• The share price of Palantir fell as much as 12%.
• The drop followed a report by the Washington Post that Defense Secretary Pete Hegseth has told top Pentagon brass to prepare to cut the U.S. defense budget by 8% each year for the next five years.
• Palantir is best known for its contracting work providing software and technology services for defense agencies.

President Xi to chair symposium attended by Jack Ma, other Chinese business leaders: Sources

Apple teams up with Alibaba to bring AI features for iPhones in China, The Information reports

Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico

• President Donald Trump agreed to pause the implementation of planned tariffs on imports from Canada for at least 30 days, Canadian Prime Minister Justin Trudeau said.
• The pause was announced hours after Trump said he would pause tariffs on imports from Mexico for one month.
• Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China.

Trump slaps tariffs on Mexico, Canada and China

• President Donald Trump is imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China. Energy resources from Canada will have a lower 10% tariff.
• The tariffs on Canadian goods are expected to take effect on or after 12:01 a.m. ET on Tuesday. There is no official metric on when the tariffs would be lifted.
• Tariffs would escalate if the countries retaliate in any way against the U.S.
• Trump has long favored tariffs as a tool to negotiate demands from U.S. trading partners, including longstanding allies.