Donald Trump takes office for his second term as the 47th president of the United States in the Rotunda of the U.S. Capitol in Washington, DC, on Monday, January 20, 2025. The U.S. Capitol from the top of the Washington Monument on the inauguration day of Donald Trump’s second presidential term in Washington, DC. REUTERS

U.S. President Donald Trump will not impose his promised tariffs on Canada, Mexico or China on his first day in office, according to multiple U.S. reports, giving this country something of a reprieve,