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As tariffs begin, auto industry given one-month exemption
March 5th, 2025
Imports from Canada and Mexico to U.S. automakers were given a one-month exemption to new tariffs on goods from these two countries, which began March 4. This decision by President Donald Trump comes after a March 5 conversation with three leading U.S. auto manufacturers: Ford, General Motors and Stellantis. The administration indicated this would be […]
Consumer spending fell for first time in nearly two years
March 3rd, 2025
Consumer spending in the U.S. dropped 0.2% in January—the first monthly decline since March 2023. The U.S. Bureau of Economic Analysis measures spending through the Personal Consumption Expenditures (PCE) index, and it decreased $30.7 billion. The bureau said that this reflected a $76.7 billion decrease in spending for goods and a $46.0 billion increase in […]
Public comments on trade open, tariffs begin next week
February 27th, 2025
The Office of the United States Trade Representative (USTR) opened its invitations last week for public comments on foreign trade practices and the Section 301 sanctions on China. The deadline to submit comments on foreign trade practices is March 11. The deadline to submit comments on Section 301 sanctions is March 24. USTR will hold […]