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SCOOP: Trump admin wants autos under USMCA to contain 50% US content
Plan prepared before talks with Mexico, which continue today
US content rule would be NEW; none in existing USMCA
Automakers worried, want to know phase-in timeline
w/ @PerezEnMexico, @christopherotts
BEEF TARIFF CUT DELAYED, per White House
Trump did not sign a planned suspension of tariff-rate quotas for beef. No explanation given, but came after pushback from ranchers and Capitol Hill R's
Trump's team now "finalizing potential executive actions" on beef, per official.
SCOOP: Trump will suspend tariff-rate quotas on beef, lowering levies as part of larger affordability push today.
Exec orders also lower protections for wolves, ease rules on cattle ear tags and aim to increase rancher access to capital.
@PatThomas1318 and me
SCOOP: Trump will suspend tariff-rate quotas on beef, lowering levies as part of larger affordability push today.
Exec orders also lower protections for wolves, ease rules on cattle ear tags and aim to increase rancher access to capital.
@PatThomas1318 and me
Trump's state capitalism w/American characteristics forges ahead. UAL CEO Scott Kirby suggested to Trump merger w/American could create "national champion." US officials discussed taking a stake, @MaggieSeverns@GavinBade@jdawsey1@meridithmcgraw report. https://t.co/Vsiy5M5lbP
BIG STORY: Trump is dramatically expanding the state's role in the economy with public stakes in firms and aggressive regulatory plans.
The State Capitalist policies all have one upshot: they increase Trump's personal power.
With @MaggieSeverns, @jdawsey1, @meridithmcgraw
If USMCA no longer exists or a renewed version doesn’t significantly reduce tariffs on cars and auto parts made in North America, some foreign carmakers might not be able to build and sell the cheaper cars for the US market
by @SharonTerlep & @GavinBade
https://t.co/rzuUldq2ww
SCOOP: The Trump administration and Spirit Airlines are nearing a deal where the U.S. government would put up to $500 million into Spirit Airlines stock warrants to try to save the company, leading to a potential significant stake in the company.
Team effort w/ @alyrose and @AndrewScurria
https://t.co/qbkoH5Ur3G
SCOOP: Small group of Trump employees and at least one Mar-a-Lago member directly lobbied the president earlier this year to expand the H-2B visa program, which is used by properties owned by the the Trump Org.
Inside a secret meeting featuring Trump, his veteran employees + a Mar-a-Lago member that seemed to convince POTUS to expand the H-2B visa allotment.
story w/ @MHackman
https://t.co/mK8KZfg5NY
SCOOP: Ford has asked Trump admin for relief from 50% aluminum tariffs after fires at a New York aluminum facility took a key domestic supply of the metal for its F-150 offline.
Trump's team so far has said no.
w/ @bob_tita, @ryanfelton
NEW: Treasury Secretary Scott Bessent is considering raising the energy issue with his Chinese counterpart ahead of Trump’s meeting with Xi, currently slated for the beginning of April. With @GavinBade https://t.co/srGb3D1gM3 via @WSJ