🗞️Trump grants tariff exemption

...also hiring slows and secret meetings with Hamas

March 05, 2025

March 5th, 2025

What happened today 🇺🇸,

Trump grants automakers one-month exemption from tariffs

The White House said it granted a one-month delay for tariffs on automakers whose cars comply with USMCA, which was negotiated during Trump's first term.

www.cnbc.com/amp/2025/03/05/trump-grants-automakers-one-month-exemption-from-tariffs.html

  • President Trump has granted a tariff exemption for automakers for one month, this comes after he spoke with the heads of General Motors, Ford Motor, and Stellantis

  • The Supreme Court rejected, in a 5-4 ruling, the Trump Administration’s request to keep billions of dollars in foreign aid frozen…now about $2 billion must be paid to international aid groups

  • President Trump addressed Congress at 9pm last night, Rep. Al Green (D-Texas) was removed from the House chamber after disrupting the President’s speech- Trump touched on his border record, dismantling DEI, government waste, tariffs, the war in Ukraine and more…for more details on the speech click here

  • The Department of Veterans Affairs (VA) is planning to cut about 80,000 jobs

  • Novo Nordisk said it will offer its weight loss drug, Wegovy, for less than half of its usual price per month through its new direct-to-consumer online pharmacy called NovoCare

  • Target is facing a 40-day shopper boycott starting today over the company’s shift away from DEI policies

  • Job searches are now taking more than twice as long for educated elites than they are for workers who never went to colleges, per Business Insider

  • U.S. February ADP private payrolls increased 77k, meaning private companies added just 77k new workers, this comes in below the expectations of 141k

  • 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, per Redfin

  • DOW up 1.14% / S&P up 1.11%

  • The White House has cut off intelligence-sharing with Ukraine in a move that could seriously hamper the Ukrainian military’s abilities, per FT

  • The U.S. government has reportedly been holding secret talks with Hamas about releasing U.S. hostages held in Gaza and about deal to fully end the war…later today Trump took to social media giving Hamas a “last warning” to release the remaining hostages now or there will be “hell to pay”

  • French President Macron said in a prime-time address to France today that Europe must be prepared defended Ukraine alone and without the assistance of the U.S. and they must be prepared to send European troops to Ukraine

Plus: An interesting look at where Fortune 500 companies are moving

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