Trump’s tariff policy
Trump clarifies: Car tariffs should not be stacked on other tariffs
Donald Trump has signed a presidential order to prevent car manufacturers from being hit with "overlapping" tariffs, according to international media.
The idea is that a company that pays Trump's car tariffs should not also have to pay tariffs on, for example, steel and aluminum.
- I have now determined that to the extent that these tariffs apply to the same product, they should not have a cumulative effect, says Trump.
US: First deal in place – won’t say which country
The US has a trade deal in place with one country, Commerce Secretary Howard Lutnick told CNBC. He explained that he could not name it because he is waiting for approval from the country in question before the parties can announce progress.
He also said that the stock market is wrong about the impact of the tariffs and that the market is failing to see “the whole picture.” Lutnick also reiterated the message that Donald Trump “is not focused on the stock market.”
Source: Trump whined at Bezos - got what he wanted
Donald Trump personally called Amazon founder Jeff Bezos to complain about reports that the e-commerce giant was considering displaying product tariff costs on its website. This is according to a source to NBC News.
Just hours after the call, Amazon downplayed the scope of the plan and then announced that it was scrapped completely.
The proposal has “never been approved” and “will not be implemented,” a spokesperson told CNBC.
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