Why is Trump's tariff pause for automakers important for consumers, economy?

The White House announced that President Trump would delay tariffs on cars from Mexico and Canada for 30 days. CBS News' Olivia Rinaldi and Caitlin Huey-Burns have the latest on Trump's tariffs.

Topics

With Trump’s tariffs paused, ‘Big Three’ automakers may race to build inventories

Automakers got a reprieve from Trump’s tariffs, and may use this time to build up inventories.
MarketWatch - 8h
White House announces tariffs pause for U.S. automakers

President Trump's administration announced a one-month tariffs pause for U.S. automakers. This comes as stocks dove after Mr. Trump's tariffs took effect. CBS MoneyWatch correspondent Kelly O'Grady ...
CBS News - 9h
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’

The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...
MarketWatch - 2d
Automakers applaud Trump's tariff exemption for industry

The exemption was granted at the request of Ford, General Motors and Stellantis.
ABC News - 8h
Trump to ratchet up China tariffs again. Here’s why American consumers will feel the pain this time.

New York Fed analysis suggests “missing imports” from China could mean higher costs ahead.
MarketWatch - 6d
Trump tariff threats rattle consumers

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...
The Hill - Feb. 21
Trump offers one-month tariff exemption to U.S. automakers

Automakers will get a one-month reprieve from 25% tariffs on imports from Mexico and Canada.
CBS News - 10h
Trump held calls with American automakers worried about tariffs

President Trump spoke to the leaders of Stellantis, Ford and General Motors as his tariffs on Canada, Mexico and China took effect. The stock prices for the American automakers fell after Mr. ...
CBS News - 10h
Trump grants U.S. automakers one-month exception from tariffs

President Trump has granted U.S. automakers a one-month reprieve from the tariffs imposed on imports from Canada and Mexico.
NBC News - 11h
Trump grants one-month tariff delay for U.S. automakers

Stocks recorded significant gains Wednesday amid a volatile trading day that largely settled after President Donald Trump granted U.S. automakers a one-month reprieve on new 25% duties imposed on ...
NBC News - 9h
Trump grants 'Big 3' automakers a one-month delay on tariffs

The White House is giving certain automakers a one-month exemption from tariffs on vehicles from Mexico and Canada. NBC News Business and Data Correspondent Brian Cheung and Progressive Farmer's ...
NBC News - 9h
Trump gives automakers one-month reprieve from tariffs

President Trump is giving a one-month exemption to U.S. automakers from the round of tariffs that took effect on March 4, the White House announced. Weijia Jiang has more.
CBS News - 6h
Why Is Trump Pausing Aid to Ukraine? What to Know.

The decision marked the realization of a fear that has racked Ukraine since President Trump’s re-election.
The New York Times - 1d
Trump’s tariffs spook consumers weary of inflation

The high spirits that greeted the US president’s election triumph in November have faded
Financial Times - Feb. 26
Trump to focus on tariffs and economy in address to Congress

President Trump will speak to both chambers of Congress on Tuesday night and describe his vision for the future hours after sweeping tariffs went into effect against the U.S.' three largest trading ...
CBS News - 1d
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’

US president’s plan could prove to be an economic shock to both blocs, German thinktank says. Business live – latest updates Donald Trump’s threatened 25% tariffs on EU imports could trigger ...
The Guardian - 6d
Trump orders probe into lumber imports ahead of possible tariffs

President Trump signed a Saturday executive order requesting an evaluation of lumber imports, which he described as a “critical” manufacturing industry “essential” to national security, economic ...
The Hill - 4d
Is the Future of the Creator Economy Direct-to-Consumer?

Confusion surrounding the TikTok ban last month has pushed creators to seek more stable ways to earn.
Inc. - Feb. 21
What military aid was the US giving Ukraine and why has Trump paused it?

The US has provided $65.9bn in military support to Kyiv since Russia’s February 2022 invasion. The US has provided $65.9bn in military support to Ukraine since Russia’s 2022 invasion but further ...
The Guardian - 1d
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans

The Consumer Sentiment Index hit its lowest reading since November 2023.
Inc. - Feb. 21
US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada. Trump’s Congress speech – latest updates Americans have been warned to ...
The Guardian - 1d
Breaking down possible ripple effects of Trump tariffs on consumers

A brewing trade war is bound to have a ripple effect beyond just the stock market. Kelly O'Grady explains.
CBS News - 1d
Trump tariffs will mean higher prices for consumers, retailers say

Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.
CBS News - 8h
It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval

A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.
MarketWatch - Feb. 21
Here are all the Trump tariffs hitting the economy in the coming weeks

The president’s announcement led to fears that he won’t just be using the threat of new tariffs as a negotiating tool, but as lasting policy.
MarketWatch - Feb. 25
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts

Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.
The New York Times - 6d
Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy

Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.
ABC News - 6d
Will Trump’s tariffs push the U.S. economy into recession? Many economists think so.

Tariffs will affect corporate hiring and put U.S. manufacturers operating globally in a difficult situation, economists say.
MarketWatch - 1d
Stagflation fears rise as Trump tariffs take effect, economy slows

Among consumers, long-run inflation expectations are at their highest level in almost 30 years while general sentiment is seeing multi-year lows.
NBC News - 1d
Stagflation fears bubble up as Trump tariffs take effect and the economy slows

A growth scare in the economy has accompanied worries over a resurgence in inflation, threatening to potentially rekindle stagflation.
CNBC - 1d
Trump tracker: the latest data on US trade, tariffs and economy

As the president threatens a trade war, follow the latest on tariffs and executive orders
Financial Times - 14h
Trump to Pause Auto Tariffs for Canada and Mexico for One Month

The president said he would pause a 25 percent tariff on cars coming from Canada and Mexico under a trade pact for one month, while other levies stay in place.
The New York Times - 3h
Why is Trump exempting tariffs for some car makers?

President Trump is offering an economic reprieve to the Big Three automakers. The White House announced on Wednesday that Ford, General Motors and Stellantis would receive a one-month exemption ...
CBS News - 6h
Who's who in German elections and why this vote is important

German voters go to the polls on Sunday in a pivotal vote focused on immigration, security and the economy.
BBC News - Feb. 22
Consumer confidence dips in Trump's first month as tariff threats drive inflation fears

Consumers’ attitude toward the economy dipped during President Trump’s first month in office, according to the University of Michigan’s monthly consumer survey released Friday. Consumer sentiment ...
The Hill - Feb. 21
Consumer confidence sinks to 8-month low on worries about inflation and Trump tariffs

A postelection high in consumer confidence after the election of Donald Trump has petered out, as the public digests major upheavals in U.S. economic policies by the new White House.
MarketWatch - Feb. 25
What to know about Trump's new tariffs, pause on Ukraine aid before congressional address

President Trump will address a joint session of Congress Tuesday night after his long-anticipated tariffs against Canada, Mexico and China went into effect Tuesday morning. Mr. Trump has also put a ...
CBS News - 1d
U.S. economy is still growing, ISM says, even as Trump tariffs generate ‘great uncertainty’ and fuel further inflation

The large service side of the U.S. economy that employs most Americans grew in February, but businesses said they were nervous about the Trump tariffs and were already facing higher costs.
MarketWatch - 15h
Consumer sentiment sours as worries grow over outlook for U.S. economy

Confidence dropped 10% from January to the lowest level since late 2023.
MarketWatch - Feb. 21