Reuters World News Tariffs, snowstorm and Mexico violence
Feb 23, 2026
Phil Stewart, Reuters national security reporter covering U.S. roles in counter-cartel operations. Mike Dolan, markets correspondent analyzing trade and market moves. They discuss halted collection of contested tariffs and market confusion. They cover a major Northeast snow emergency and violent reprisals in Mexico after the capture of a top cartel leader.
AI Snips
Chapters
Transcript
Episode notes
Customs Halts IEEPA Tariffs Causing Market Confusion
- U.S. Customs stopped collecting Trump-era tariffs tied to the IEEPA after the Supreme Court ruled them illegal and deactivated associated tariff codes.
- The pause overlapped with Trump's new 15% global tariff, creating market confusion and uncertainty about refunds and future policy.
Markets React To Tariff Uncertainty
- Markets reacted nervously: US futures fell, the dollar slipped, gold rose and equities retracted after rallying on the court decision.
- Mike Dolan noted the 15% tariffs last 150 days and that post-period outcomes hinge on Congress and midterm politics.
Mar-a-Lago Perimeter Breach Ends In Fatal Shooting
- A man who breached Mar-a-Lago's perimeter was named Austin Tucker Martin and was shot dead after raising a shotgun at deputies and Secret Service.
- Authorities say he entered carrying a shotgun and a fuel can; officers confronted and neutralized the threat.