P.M. Edition for Feb. 3. President Trump has stunned corporate leaders and foreign officials by agreeing to last-minute, monthlong delays of his tariffs on Mexico and Canada. Plus, after a push from Elon Musk and the Department of Government Efficiency, the Trump administration closed the headquarters of USAID. WSJ national security reporter Alexander Ward discusses how this might provide a template for the way DOGE could approach other government agencies as it tries to cut spending. And a new study reveals the impact of the tidal wave of cheap Chinese goods on U.S. manufacturing towns. Journal economics reporter Justin Lahart breaks down the findings. Alex Ossola hosts.

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