By Samuel Indyk and Kevin Buckland LONDON (Reuters) -European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.

American consumers will soon be paying more, economists predict in response to Trump's new proposed tariffs on goods from China, Mexico, and Canada.

President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday remarks to the World Economic Forum in Davos. He also delivered a smattering of other misstatements and exaggerations about trade,

Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.

The prospect of imminent U.S. tariffs on Mexico and Canada could should prevent the dollar from extending its recent falls much further, ING said, adding that investors are probably reasonably comfortable holding long-dollar positions and that the DXY dollar index could rise back toward 108.

The president said he planned to put tariffs on America’s neighbors on Feb. 1, as he signed an executive order mandating a sweeping review of U.S. trade policy.

Elon Musk's Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday, weeks after it was first released in China.

President Donald Trump promised tax cuts for U.S.-based manufacturing and threatened tariffs on those who didn’t comply.

FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.

Key TakeawaysPresident Donald Trump backed off a threat of "emergency" tariffs on imports from Colombia after the South American country agreed to let two repatriation flights from the U.S. land there.

By Stefano Rebaudo (Reuters) -The yen and Swiss franc jumped against major currencies on Monday in a rush for safe-haven assets as tech stocks plunged, with investors weighing the implications of a