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WSJ What’s News

Goods From Canada, Mexico Still Exposed to U.S. Tariffs, Despite Pause

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 7 March 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

P.M. Edition for Mar. 7. Despite Thursday's pause on tariffs on goods from Canada and Mexico many products are still exposed to them. WSJ economics reporter Chao Deng tells us which goods fall under the new exemption and why it is so hard to parse. Plus, Fed chair Jerome Powell says that changing trade policies keep the Federal Reserve in a holding pattern on rates. And the Justice Department opens an investigation into whether egg producers have conspired to raise prices. Alex Ossola hosts. Listen to “Palmer Luckey's 'I Told You So' Tour: AI Weapons and Vindication” in Bold Names. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:33.5

Uncertainty around trade policy keeps the Fed in a holding pattern on rates.

0:38.2

Plus, which goods from Canada and Mexico are still exposed to U.S. tariffs?

0:42.6

The answer is less straightforward than it might seem.

0:45.5

What we're going to see in the next month or so is businesses scrambling to figure out,

0:50.2

well, should they file the paperwork, should they not?

0:52.8

What is the cost around filing the paperwork

0:55.9

versus maybe just waiting for another month and seeing if Trump's policy changes again?

1:01.5

And are egg producers engaged in foul play in setting prices? The Justice Department wants to

1:07.0

find out. It's Friday, March 7th. I'm Alex Osala for the Wall Street Journal.

1:11.7

This is the PM edition of What's News, the top headlines and business stories that move

1:16.2

the world today. New data out from the Labor Department today shows that the U.S.

1:22.0

added 151,000 jobs in February. That's slightly below the gain of 170,000 jobs economists expected to see,

1:29.6

but better than the 125,000 jobs added in January. The unemployment rate, which is based on a

1:34.9

separate survey from the jobs figures, rose to 4.1% from 4%. To give us some insight behind the numbers,

1:40.8

I'm joined now by WSJ economics reporter Justin Layhart. Okay, Justin,

1:45.2

what stood out to you in this jobs report? The first thing that stood out was we saw a decline

1:49.9

in federal government jobs. We saw a decline of 10,000. And so economists don't think that the

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