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CNN 5 Things

Tariff fears, US manufacturing investment, wild weather & more

CNN 5 Things

CNN

Daily News, News

3.7 • 1.3K Ratings

🗓️ 3 March 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

US stocks slid over investors’ worries about President Donald Trump’s proposed tariffs on Canada and Mexico. The world’s largest semiconductor manufacturer is making a big investment in American manufacturing. We have the latest on Pope Francis’ health. A powerful storm is triggering a wide range of weather hazards across parts of the US. Plus, what we know about Kroger’s CEO’s abrupt resignation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:31.1

From CNN, I'm AfomaDK, with the five things you need to know for Monday, March 3rd.

0:44.3

President Donald Trump says a 25% tariff on imported goods from Mexico and Canada takes effect tomorrow. In a news conference this afternoon, Trump said both major U.S. trading partners had, quote,

0:49.3

no room left to negotiate.

0:51.3

I would just say this to people in Canada or Mexico, if they're going to build car

0:56.3

plants, the people that are doing them are much better off building here because we have

1:00.1

the market, we're the market where they sell the most.

1:03.3

Trump signed an executive order doubling tariffs on all Chinese goods from 10 to 20 percent.

1:08.5

He says China hasn't done enough to curb fentanyl in the U.S. Trump's remarks

1:12.9

sends stock markets plunging, where the dialed down as much as nearly 900 points at one point

1:17.8

in afternoon trading. Meanwhile, the president said he didn't think a deal to secure access to Ukraine's

1:23.7

rare earth minerals is dead, and that he'll have more on it during his joint address to Congress tomorrow night. A White House official says Elon Musk will be there.

1:32.6

Trump says Ukrainian President Volodymy Zelensky, quote, should be more appreciative,

1:37.4

following their clash last week at the White House.

1:39.9

It should not be that hard a deal to make. It could be made very fast. Now, maybe somebody doesn't want to make a deal.

1:46.2

And if somebody doesn't want to make a deal, I think that person won't be around very

1:49.2

long.

1:51.0

This is a tremendous move by the most powerful company in the world.

...

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