UNDERNEWS: Tariffs

March 6, 2025

Tariffs

CNN - The US is pulling back on auto tariffs for Canada and Mexico amid heightened trade tensions and GOP pushback. President Donald Trump granted a one-month exemption on auto tariffs on the two countries — a move he said would protect the Big Three US automakers from financial harm.

The decision came after Trump spoke to leaders from Ford, General Motors and Stellantis, who argued the tariffs could disadvantage their American-based businesses in favor of foreign carmakers. All the other across-the-board 25% tariffs on Mexico and Canada remain in effect. But White House Press Secretary Karoline Leavitt said Trump would remain open to other tariff exemptions, days after saying there would be none. The stock market rallied on the news Wednesday after it took a beating at the start of the week.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

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