From Reuters.

1. President Donald Trump said sweeping tariffs that he has imposed on Mexico, Canada and China may cause "short term" pain for Americans, while EU leaders meeting on Monday braced for the possibility that they too will face punishing U.S. trade levies.

2. Billionaire Elon Musk, who is heading U.S. President Donald Trump’s drive to shrink the federal government, gave an update on the effort early Monday, saying work is underway to shut down the U.S. foreign aid agency USAID.

3. U.S. Secretary of State Marco Rubio on Sunday warned Panama’s President Jose Raul Mulino that Washington will "take measures necessary" if Panama does not immediately take steps to end what President Donald Trump sees as China’s influence and control over the Panama Canal.

4. Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump’s introduction of sweeping tariffs on Mexico, Canada and China.

5. Officials have positively identified 55 of the 67 people killed in Wednesday’s midair collision between an American Airlines passenger jet and a military helicopter over the Potomac River in Washington, D.C.

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