April 30, 2025

TRUMP'S TARIFFS

Trump reduced some auto tariffs after U.S. carmakers complained that the levies would squeeze their profits.

General Motors abandoned a previous forecast for solid profit growth this year because of uncertainty created by Trump’s policies.

Trump’s tariffs have already slowed manufacturing activity in China.
The White House attacked Amazon after a report that the company planned to display tariff costs in its listings. Amazon denied it. By the end of the day, Trump was praising Jeff Bezos.