4.4 • 2.1K Ratings
🗓️ 29 April 2025
⏱️ 53 minutes
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0:00.0 | Good evening. I'm Jeff Bennett. |
0:03.5 | And I'm Amna Nawaz. On the news hour tonight, U.S. automakers get a break on tariffs. |
0:09.4 | The latest change to the Trump administration's policy that's made Americans anxious about their finances. |
0:15.5 | Canadian Prime Minister Mark Carney and his Liberal Party win that nation's election in a stunning change of fortune spurred |
0:22.5 | by worsening relations with the U.S. |
0:24.9 | And the CEO of PBS weighs in on the president's efforts to cut funding for public media. |
0:32.0 | This is really a resource that the community's treasure and would not exist whether or not federal dollars to help. |
0:38.3 | Welcome to the NewsHour. |
0:52.3 | President Trump signed an executive order today aimed at softening the blow. |
0:57.0 | His tariffs have imposed on the automotive industry and U.S. manufacturers. |
1:01.0 | A tariff of 25% on imported cars and auto parts will remain in place, but the administration will make some changes so differing tariffs can't be stacked on top of other tariffs for automakers. |
1:13.2 | Beyond that, automakers will be reimbursed for some of the costs of imported parts. |
1:18.8 | That news came as President Trump marked his first 100 days in office. |
1:23.4 | Just before he left for a trip to Michigan today, he explained why he adjusted the |
1:27.6 | levies for carmakers. |
1:29.9 | We just wanted to help them during this little transition, short term. |
1:34.5 | And during this little, if they can't get parts, you know, it has to do with a very small percentage. |
1:40.2 | If they can't get parts, we didn't want to penalize them. But tensions with China and a number of countries remain high and companies are concerned. |
1:49.4 | For its part, China's Ministry of Foreign Affairs issued a video today saying it would not back down from the trade war with the U.S. |
1:57.8 | History has proven. Compromise won't earn you mercy. Nealing only invites more bullion. |
2:05.4 | China won't kneel down because we know standing up for ourselves keeps the possibility of cooperation alive. |
2:13.1 | For more on all this, we're joined now by Gavin Bade, trade and economic policy reporter for the Wall Street Journal, who first reported on the story. It's great to have you here. Thanks for coming in. |
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