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As tariffs begin, auto industry given one-month exemption

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 [...]

By |2025-03-05T15:28:19-06:00March 5, 2025|

Consumer spending fell for first time in nearly two years

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 [...]

By |2025-03-04T09:40:39-06:00March 3, 2025|

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