Tariff yo-yoing, Musk position ‘course corrected’, Tesla shares drop & more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 6 March 2025
⏱️ 6 minutes
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| 0:00.0 | From CNN, I'm Josh and Chana, with the five things you need to know for Thursday, March 6th. |
| 0:07.0 | President Donald Trump has today signed executive actions that will delay tariffs for nearly one month on all products from Mexico and Canada, |
| 0:16.0 | which are covered by the US, Mexico and Canada Free Trade Treaty. |
| 0:20.0 | And in response, Canada's finance minister has said on X, it will also pause its own tariffs on the US. |
| 0:26.6 | The walkback is a remarkable reversal of one of Trump's signature economic plans, |
| 0:30.6 | which has rattled markets, businesses and consumers. |
| 0:34.6 | Trump denied the market had anything to do with his reversal |
| 0:37.8 | in a press conference in the Oval Office today. |
| 0:40.4 | No, nothing to do with the market. |
| 0:41.9 | I'm not even looking at the market |
| 0:43.4 | because long term, the United States will be very strong |
| 0:46.6 | with what's happening here. |
| 0:48.3 | Now, these are countries and companies, |
| 0:51.0 | foreign companies that have been ripping us off |
| 0:53.3 | and no president did anything about it until I came along, |
| 0:57.0 | and I did a lot about it. |
| 0:59.0 | Despite his defiance, the yo-yoing on tariffs has affected Wall Street badly. |
| 1:03.0 | The Dow closed lower by 428 points, |
| 1:07.0 | which leaves the Dow down almost 3% on the week, |
| 1:10.0 | on track for its worst week since March |
| 1:11.9 | 2003. |
| 1:14.7 | Trump has said he will have bi-weekly cabinet sessions with Elon Musk in order to make the |
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