President Donald Trump vowed more “swift and unrelenting action” reorienting the nation’s economy, immigration and foreign policy in an unyielding address before Congress as Democratic lawmakers showed their dissent with placards calling out “lies.” One elderly congressman faces possible censure after he was ejected for shaking his cane and shouting that Trump has no mandate to cut Medicaid.
The fallout continues after Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.
And Greenland’s prime minister declared Wednesday that “Greenland is ours” and cannot be taken or bought in defiance of a message from Trump, who said that while he supports the Arctic island’s right of self-determination, the United States will acquire the territory “one way or another.”
Here’s the latest:
Trump the stage manager
Trump hasn’t appeared at White House press secretary Karoline Leavitt’s media briefing, but he’s choreographing it from behind the scenes.
The former reality television star sent word to Leavitt during the briefing that she should use a visual aid.
“Speaking of the president, he just passed me a note while I’m standing here,” Leavitt said. “He wanted me to hold this up. This is the poll I cited.”
The poll Leavitt highlighted was a CBS News/YouGov survey about his address Tuesday night to Congress.
White House confirms ‘ongoing talks and discussions’ with Hamas amid ceasefire uncertainty
White House press Secretary Karoline Leavitt on Wednesday confirmed that U.S. officials have had “ongoing talks and discussions” with Hamas officials.
The talks come as the Israel-Hamas ceasefire remains in the balance.
Leavitt declined to detail the talks, which were first reported by the news site Axios.
GOP representative contradicts Trump’s call for mass deportations
President Donald Trump and members of his team have made no secret of wanting to deport immense numbers of immigrants living illegally in the U.S.
In his Tuesday night address, Trump said: “I have sent Congress a detailed funding request, laying out exactly how we will eliminate these threats to protect our homeland and complete the largest deportation operation in American history.”
But on Wednesday, Republican Rep. James Comer indicated otherwise during a congressional hearing on so-called sanctuary policies. “I don’t think anyone’s calling for mass deportation,” he said during one exchange.
▶ Read more on the ‘sanctuary cities’ hearing
Trump exempts auto imports from Mexico and Canada from tariffs for one month
President Donald Trump is granting a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for U.S. automakers, amid fears that the trade war could harm U.S. manufacturers.
Wednesday’s announcement comes after Trump spoke with leaders of the “Big 3” automakers — Ford, General Motors, and Stellantis.
“We are going to give a one month exemption on any autos coming through USMCA,” Trump said in a statement read by his spokesperson, referencing the North American Free Trade Agreement he renegotiated in his first term.
▶ Read more about Trump’s tariffs
Pressley, Comer clash in ‘sanctuary cities’ hearing
Democratic Rep. Ayanna Pressley and Republican Chairman James Comer clashed as Pressley was trying to introduce several articles into the record of the proceedings.
Comer repeatedly banged his gavel to get her to stop talking while Pressley continued.
At one point Comer accused Democrats of “trying to get thrown out of committee so you can end up on MSNBC.”
“We’re not going to put up with it,” Comer said.
Teachers union sues to block anti-DEI ‘Dear Colleague’ memo
The nation’s largest teachers’ union is challenging a Trump administration memo ordering schools to end “race-based” practices of any kind or lose their federal money.
The National Education Association’s federal lawsuit, filed Wednesday in New Hampshire, argues that the Feb. 14 memo violates teachers’ free speech rights and is unclear on what practices could run afoul of the memo.
It asks a judge to strike down the Education Department’s “Dear Colleague” Letter, which gave schools two weeks to end any practice that treats people differently based on their race, including in admissions, hiring and any aspect of student life.
The administration argues that diversity policies have discriminated against white and Asian American students.
▶ Read more about challenges to Trump’s effort to eliminate diversity and inclusion from education
Trump and Trudeau speak by phone
Prime Minister Justin Trudeau is unwilling to lift Canada’s retaliatory tariffs if President Donald Trump leaves any U.S. tariffs on Canada, a senior government official told The Associated Press on Wednesday.
The official confirmed Trudeau’s stance on the condition of anonymity because they were not authorized to speak publicly on the matter. The official said Trump and Trudeau spoke by phone around midday. A White House official later confirmed the call.
Canada Prime Minister Justin Trudeau holds a press conference at Canada House in London on Sunday, March 2, 2025. (Sean Kilpatrick/The Canadian Press via AP)
President Donald Trump addresses a joint session of Congress at the Capitol in Washington, Tuesday, March 4, 2025. (Win McNamee/Pool Photo via AP)
Ontario Premier Doug Ford told the AP that if the tariffs remain, the American and Canadian auto industries will last about 10 days before they start shutting down assembly lines in the U.S. and Ontario.
“People are going to lose their jobs,” Ford said.
U.S. Commerce Secretary Howard Lutnick said he expected Trump to announce a decision Wednesday afternoon.
▶ Read more about latest developments on US-Canada tariffs
— Josh Boak and Rob Gillies
Immigration czar defends NYC mayor
Trump administration immigration czar Tom Homan went on X to defend Eric Adams, who is among a group of Democratic mayors testifying before Congress on so-called sanctuary city policies.
Adams faced sharp questioning from Democratic lawmakers over his willingness to work with the Trump administration on immigration as the Justice Department works to drop corruption charges against him.
“Watching some of the sanctuary city hearing while on a flight,” Homan wrote on X, formerly known as Twitter. “One Democrat congressman accuses Mayor Adams of “selling out New Yorkers” while making a deal with Tom Homan. Simply disgusting. Mayor Adams is trying to protect New Yorkers from violent illegal aliens. He is trying.”
Clergy: Morality is at stake as Trump administration dismantles government
A small group of clergy members across denominations and faiths protested on Capitol Hill, calling out the Trump Administration and Congress on issues including cutting funding to aid programs and the targeting of the federal workforce by the Department of Government Efficiency.
Rev. William Barber said the group came to Congress to keep the attention on how lawmakers are spending the people’s money while attention is turned to the president’s executive orders.
“If people’s lives and livelihoods can be dismissed as waste without due process, we forsake our moral commitments to equality,” Barber said.
Trump fuels Greenland’s independence fight with his talk of seizing the island
Many Greenlanders say Trump’s comments have boosted their movement for full independence from Denmark — the key issue in a parliamentary election on March 11.
They’re worried and offended by Trump’s threats to seize control of their homeland, but they’re also hopeful.
“Even though there are strong feelings of sadness, despair, confusion, I think we’re also stronger than ever,” Aka Hansen, an Inuk filmmaker and writer, told The Associated Press in Nuuk, the capital of the semi-autonomous territory.
She is suspicious of Trump’s intentions but still thanks him for turning the world’s attention to her homeland. Like many other Greenlanders, she doesn’t want to be ruled by another colonial power. But she feels Trump’s rhetoric has increased the momentum for independence.
▶ Read more about Greenlanders’ reaction to Trump
Thousands of USDA workers may get their jobs back
More than 5,000 employees fired by the Trump administration should be put back on the job at the U.S. Department of Agriculture, according to a government panel that enforces workers’ rights.
The order by the Merit Systems Protection Board followed a request by the Office of Special Counsel. And while this order applies only to the USDA workers, Special Counsel Hampton Dellinger issued a statement “calling on all federal agencies to voluntarily and immediately rescind any unlawful terminations of probationary employees.”
The employees were in their probationary periods when they lost their jobs last month. They’ll be on the job for 45 days as an investigation continues.
Mayor strongly defends Chicago’s immigrant protections
Mayor Brandon Johnson says immigrants help prevent and solve crimes, and that threatening to deport them makes American cities more dangerous.
“Scapegoating entire communities is not only misleading, it is unjust and beneath us,” the first-term Democrat said.
The city’s immigrant protections are decades old, said Johnson, adding that he’s the mayor of all people in Chicago, whether they have legal status or not. Chicago has spent more than $600 million on migrant services and shelter.
More than 50,000 asylum seekers were sent on buses and planes to the nation’s fourth-largest city, many by Texas Gov. Greg Abbott.
Trump’s USAID leader has ‘concerns’ about Supreme Court ruling against funding freeze
Pete Marocco, the Trump political appointee overseeing dismantling of USAID, told a closed-door meeting of the House Foreign Affairs Committee Wednesday that he would review the court’s ruling reinstating an order to release frozen foreign aid.
That’s according to Committee Chairman Brian Mast. Committee members noted that Marocco did not directly answer when asked by Democrats if he would obey the high court and unfreeze the funding.
Trump called the spending wasteful and out of line with his foreign policy goals.
In dissent, Justice Samuel Alito wrote that he’s stunned that the ruling “imposes a $2 billion penalty on American taxpayers.”
▶ Read more about the Supreme Court’s ruling on USAID funding
Musk coming to Capitol Hill amid DOGE fallout
Musk is headed to Capitol Hill to meet privately with Republicans among growing questions about his government-slashing DOGE effort.
The billionaire Trump aide planned a private huddle with Senate Republicans at lunch and a separate meeting with House GOP lawmakers.
The blowback from constituents to government cuts has prompted Speaker Mike Johnson to advise Republicans to skip holding town hall meetings where they are being confronted by protesters.
Under oath, Adams denies agreement with Trump to drop corruption charges against him
New York City Mayor Eric Adams speaks during a press conference at City Hall, Wednesday, Feb. 5, 2025, in New York. A top official at the U.S. Department of Justice has ordered federal prosecutors to drop charges against New York Mayor Eric Adams and halt the ongoing investigation. (AP Photo/Yuki Iwamura)
Two hours into the hearing, Democratic lawmakers grilled Mayor Eric Adams, a Democrat, over his cooperation with Trump’s immigration officials and the subsequent dropping of corruption charges against him.
“Are you selling out New Yorkers to save yourself from prosecution?” asked Rep. Robert Garcia, of California.
Using a giant printout of a document, Garcia pointed out that a prosecutor resigned rather than dropping the charges.
“There’s no deal, no quid pro quo. And I did nothing wrong,” Adams said.
Democrat Eric Adams gets rare praise from Republican lawmakers
Republican Rep. James Comer went out of his way to thank Mayor Eric Adams for embracing the idea of working with Immigration and Customs Enforcement, one of the few compliments doled out by Republican lawmakers at the hearing.
Unlike the other panelists, Adams has flown to Florida to meet with Trump, praised him publicly and appeared jointly with his federal immigration officials.
Adams’ critics say the collaboration is part of an effort to wriggle out of federal corruption charges. But even before Trump was elected, Adams called on city lawmakers to allow the NYPD to collaborate even more with ICE.
10 hackers, 2 Chinese officials charged in cyberespionage targeting US agencies
Ten Chinese hackers have been charged alongside two Chinese law enforcement officers in a global hacking campaign that targeted dissidents, news organizations and U.S. agencies, the Justice Department announced Wednesday.
The hacking by workers of I-Soon was done in some cases at the direction of China’s Ministry of Public Security, which received the stolen information and selected targets for the intrusions as part of what U.S. officials say was a massive intelligence-gathering operation.
Among the targets of the hacking was the U.S. Treasury Department, which disclosed a breach by Chinese actors late last year.
I-Soon is part of a sprawling industry in China, documented in an Associated Press investigation last year, of private hacking contractors are companies that steal data from other countries to sell to the Chinese authorities.
▶ Read more about the cyberespionage campaign
Trump administration internal memo: 80,000 employees to be cut from Veterans Affairs
The Department of Veterans Affairs is planning an “aggressive” reorganization to cut staff across the sprawling agency that provides health care for retired military, according to internal memo obtained by The Associated Press.
The VA’s chief of staff, Christopher Syrek, told top agency officials that it’s objective is to return to 2019 staffing levels of just under 400,000, before the VA expanded to cover veterans impacted by burn pits under the 2022 PACT Act.
Democratic Sen. Richard Blumenthal said “It’s a shameful betrayal, and veterans will pay the price for their unforgivable corruption, incompetence, and immorality.”
Government Executive first reported on the internal memo.
▶ Read more about planned cuts at the Veterans Administration
US sanctions Houthi members for weapons procurement
The U.S. sanctioned seven Houthi militants on Wednesday for allegedly procuring weapons from Russia and smuggling military-grade weapons into areas they control in Yemen.
The Office of Foreign Assets Control also sanctioned on a Houthi-affiliated operative and his firm accused of recruiting Yemeni civilians to fight on behalf of Russia in Ukraine.
“Houthi leaders have shown their intent to continue their reckless and destabilizing actions in the Red Sea region,” Treasury Secretary Scott Bessent said in a news release. “The United States will use all available tools to disrupt the Houthis’ terrorist activities and degrade their ability to threaten U.S. personnel, our regional partners, and global maritime trade.”
Wisconsin governor urges congressional Republicans to stand up to Trump
Gov. Tony Evers’ open letter Wednesday urges the state’s Republican congressional delegation “to do more than offer vague concern” and to stand up to “reckless, chaotic decisions and disastrous cuts to our federal programs and workforce.”
The Democratic governor also called on the state’s six GOP House members and one Republican senator to reject cuts to Medicaid and other federal assistance programs, which he said “would almost certainly blow a devastating hole in our state budget.”
Evers’ state budget plan would hold $500 million in reserve to deal with potential federal cuts, but he said that may not be enough.
Chicago owes its founding to a Haitian immigrant, mayor says
Chicago Mayor Brandon Johnson said that crime is down in his city as well, and noted that a Haitian immigrant, Jean Baptiste Point du Sable, is recognized as a founding settler.
“Chicago is and always has been a proud city of immigrants. Generations of new arrivals, including the descendants of the enslaved during the Great Migration, created a vibrant city where 1 in 5 residents is foreign born,” Johnson said.
Boston’s mayor opens by noting how much safer her city has become
“Last year, Boston saw the fewest homicides on record in the last 70 years,” Michelle Wu told the committee, citing a figure backed up by local reporting that mirrors trends across U.S. cities.
“This federal administration is making hard-working taxpaying, God-fearing residents afraid to live their lives,” said Wu, a self-described “daughter of immigrants” and Roman Catholic who testified with an ash cross on her forehead in acknowledgement of Ash Wednesday.
Denver mayor scolds Texas governor for dumping immigrants on his city
Mayor Mike Johnston said Texas forced the city to provide for busloads of immigrants.
“The question Denver faced was, what will you do with a mom and two kids dropped on the streets of our city with no warm clothes, no food, and no place to stay?” Johnston said.
He also noted how Colorado police officer Julian Becerra, a Mexican immigrant, died pursuing a carjacking suspect. “If we want to tell the story of what impact immigrants have in America, we must tell the full story,” Johnston said.
Big-city mayors are now testifying to the House oversight committee on ‘sanctuary’ policies
They’re challenging the idea that such policies mean they’re protecting criminals.
New York Mayor Eric Adams, a former police officer, said “If an undocumented individual witnesses a crime but is afraid to call 911 for fear of being turned over to federal authorities, criminals will roam free.”
Adams described first-hand experience with this dilemma — he and other officers caught the suspect of a crime, but the witness was was “an undocumented man from China” who wouldn’t file a police report because he feared putting “a target on his back with federal immigration authorities.”
Beijing and US Defense Secretary trade talk of war
Trump suggested that eliminating persistent U.S. trade deficits is the goal of the 20% tariffs he’s imposed on imports from China.
Beijing immediately responded with 15% tariffs on U.S. farm exports and more export controls on U.S. companies.
“If war is what the U.S. wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,” China’s embassy posted on X on Tuesday night.
In response Wednesday, Defense Secretary Pete Hegseth told Fox News Channel’s “Fox & Friends” that “those who long for peace must prepare for war.”
▶ Read more on the brewing US-China trade war
Canadian finance minister: ‘We’re not interested in meeting in the middle’
“Canada wants the tariffs removed,” Canadian Finance Minister Dominic LeBlanc told the Canadian Broadcasting Corporation.
Prime Minister Justin Trudeau is not willing to lift Canada’s retaliatory tariffs if Trump leaves any tariffs on Canada, a senior government official told The Associated Press. The official confirmed the stance on condition of anonymity as they were not authorized to speak publicly on the matter.
Trudeau said Tuesday that Canada will reluctantly respond by plastering tariffs on over $100 billion (U.S. dollars) of American goods over the course of 21 days.
Trudeau spoke during a fiery news conference, saying Trump is launching a trade war against the closest friend of the U.S. while “appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense.”
▶ Read more on US-Canada reaction to tariffs war
Loud protest condemns USAID freeze outside House briefing
Protesters shouted condemnations of Trump’s leadership of USAID Wednesday outside a Capitol briefing on the agency’s shutdown.
Deputy USAID head Pete Marocco was giving a closed-door briefing to the House Foreign Affairs Committee on cuts eliminating thousands of U.S. foreign assistance programs and dismantling the agency.
“Marocco has blood on his hands! Unfreeze aid now!” the roughly 20 protesters yelled, sitting cross-legged in front of the room doors. Capitol police carried them away one by one.
Marocco and ally Elon Musk have presided over Trump’s foreign assistance funding freeze, terminating 90% of USAID programs and taking all but a fraction of agency workers off the job through firings and forced leaves.
Trump administration lists hundreds of federal buildings for potential sale
The list of more than 440 federal properties to close or sell initially included the FBI headquarters and the main Department of Justice building. The General Services Administration deemed them “not core to government operations.”
Hours later on Tuesday, the administration issued a revised list with only 320 entries — none in Washington, D.C. The GSA didn’t immediately respond to questions about the change.
In a follow-up meeting, GSA regional managers were told their goal is to terminate as many as 300 leases per day, according to an employee who spoke on the condition of anonymity for fear of retaliation.
The canceled office leases raise questions about services provided from these offices. The properties include federal courthouses and Internal Revenue Service centers in West Virginia, Utah, Tennessee, Georgia, Texas, Massachusetts and New York.
By Jill Colvin and Michael R. Sisak
▶ Read more about the closure of federal buildings
Latino leaders disappointed by lack of solutions in Trump’s message
Latino leaders said Trump’s address to Congress prioritized division instead.
Trump had the opportunity to address the nation’s economic challenges but decided instead to emphasize policies that make life more difficult for working families, said a statement by Voto Latino.
And UnidosUS president Janet Murguía said Trump repeated campaign rhetoric and blamed the previous administration instead of focusing on what is being done to help working class Americans.
“The focus of the Latino community continues to be the economy and inflation, and we heard very little,” Murguía said.
New York’s mayor stresses separation of powers ahead of congressional testimony
Eric Adams stressed the importance of separation of powers ahead of an expected grilling by House Republicans. He said city lawmakers limit cooperation with Immigration and Customs and Enforcement but allow collaboration on serious criminal matters.
“The law is very clear in New York City that we are not allowed to collaborate with federal authorities — with ICE — on civil enforcement. That is the law. But I also want to share with the congressional leadership here how we collaborate every day with our federal partners at going after those who are dangerous in our city,” Adams told reporters.
Veterans speak out on the Trump administration’s plans to cut the VA’s budget
Some veterans told The Associated Press they’re in favor of Trump’s proposed cuts to the Department of Veterans Affairs, while others are strongly opposed.
Stephen Watson is a former Marine who lives in Jesup, Georgia — he says everyone, including veterans, needs to share in the sacrifice to bring the nation’s spending under control.
But former Marine Gregg Bafundo, of Tonasket, Washington, disagrees — he says Trump’s cuts are only about “hurting people and breaking things.”
The Republican administration’s plans to cut $2 billion in VA contracts are currently on pause over concerns that critical health services for veterans would be harmed.
▶ Read more on proposed cuts to Veterans Affairs
Trump considering exemptions on some Mexico and Canada tariffs
Carveouts could be coming to Trump’s 25% tariffs on Canada and Mexico, Commerce Secretary Howard Lutnick said. That would be a softening of the U.S. position after Tuesday’s tax hike hurt the stock market, worried consumers and started a trade war.
Lutnick told Bloomberg Television on Wednesday that Trump would announce an update to his tariff plans on Wednesday afternoon, possibly sparing sectors such as autos from the import taxes.
“There are going to be tariffs, let’s be clear,” Lutnick said. “But what he’s thinking about is which sections of the market that can maybe — maybe — he’ll consider giving them relief until we get to, of course, April 2.” That’s the date when Trump said he would impose broad “reciprocal” tariffs to match other countries’ tax rates and subsidies.
▶ Read more about Trump’s fast-changing tariff policies
A mayor, baby in arms, prepares to be grilled by Republicans
Mayor Michelle Wu just gave birth in January and now her baby daughter has come to Congress.
Ahead of what’s expected to be tough questioning by Republicans over the city’s policies limiting cooperation with immigration enforcement, Wu appeared in the committee hearing room with her baby daughter — Mira, wearing a pink onesie — in her arms.
The baby is Wu’s third. The mayor returned to work just a few weeks after giving birth.
Democrats meanwhile are showing support. Rep. Delia Ramirez of Illinois spoke ahead of the hearing about the economic contributions of immigrants in Illinois and Chicago. She said it would be illegal to withhold federal funds from cities that limit their cooperation with immigration enforcement.
“Our communities will not be bullied into compliance with their illegal unconstitutional authoritarian agenda,” she said.
▶ Read more on Congress examining ‘sanctuary cities’
Trump and first lady offer prayers for holy season Lent
The president and his wife, Melania, offered best wishes to Roman Catholics and Christians observing Lent, which began with Ash Wednesday.
Christians worldwide spend the next 40 days praying and fasting. On Wednesday, they wear crosses of ash on their foreheads as a reminder of their mortality.
“We offer you our best wishes for a prayerful and enriching Lenten season,” the Trumps wrote.
Trump told Religion News Service in 2020 that he considers himself to be a nondenominational Christian and no longer identifies as Presbyterian.
NYC mayor sends a nuanced message on ‘sanctuary cities’ ahead of hearing
In a New York Post op-ed published Tuesday night, New York Mayor Eric Adams said the nation’s most populous city does and will comply with federal immigration laws, and denied that “sanctuary” policies make it a haven for violent criminals.
Immigrants who are in the country illegally, yet are otherwise are law-abiding pay taxes and do needed work, the Democrat noted.
New York City will suffer if these people stay in the shadows for fear of being deported, he said.
“I cannot have a city where parents are afraid to send their children to school,” or where immigrants won’t report crimes and delay seeking medical care until they end up in emergency rooms, he wrote.
Mayors from Boston, Chicago, Denver and New York are preparing to testify about their so-called sanctuary cities before the House Committee on Oversight and Government Reform. Wednesday’s hearings come hours after Trump addressed a joint session of Congress, focusing often on immigration and people living illegally in the U.S.
“We are getting them out and getting them out fast,” Trump said.
▶ Read more on Congress examining ‘sanctuary cities’
Leaders of France and Britain could accompany Zelenskyy for another Trump meeting
The French government spokesperson said Wednesday that Emmanuel Macron and British Prime Minister Keir Starmer could travel together with Ukraine’s leader.
“It is envisaged that President Macron could eventually travel again to Washington with President Zelenskyy and his British counterpart,” spokesperson Sophie Primas told reporters. She did not elaborate. No trip is being planned yet, Macron’s office later said.
Macron plans a televised address to his nation Wednesday about what he called the “great uncertainty” in global affairs.
Supreme Court rejects Trump push to rebuke a judge in foreign aid freeze
By a 5-4 vote Wednesday, the court told U.S. District Judge Amir Ali to clarify his earlier order that required the Republican administration to release nearly $2 billion in aid for work that had already been done.
Justice Samuel Alito led four conservative justices in dissent, saying Ali lacks the authority to order the payments. Alito wrote that he is stunned the court is rewarding “an act of judicial hubris.”
US pauses intelligence sharing with Ukraine
The U.S. has paused its sharing of intelligence with Ukraine following Trump’s decision to withhold military aid for the Ukrainian defense against Russian invaders.
National Security Advisor Mike Waltz said Wednesday that the U.S. has “taken a step back” in its relationship with Ukraine. CIA Director John Ratcliffe called the suspension a “pause” and that American intelligence and military aid could begin flowing again soon once Trump knows that Ukrainian President Volodymyr Zelenskyy is serious about peace.
▶ Read more on Russia’s war in Ukraine
Greenland’s leader says the island ‘is ours’
Greenland’s prime minister says “Greenland is ours” and cannot be taken or bought, in defiance of the claim by President Donald Trump that the United States will acquire the territory “one way or another.”
Prime Minister Múte Bourup Egede said the island’s citizens are not American nor Danish because they are Greenlandic.
The United States needs to understand that, he wrote in a Facebook post in Greenlandic and Danish on Wednesday, adding that Greenland’s future will be decided by its people. His post came hours after Trump made a direct appeal to Greenlanders in his speech to Congress.
▶ Read more about Greenland’s reaction to Trump
Businesses scramble to contain fallout from Trump’s tariffs
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected cost increase of remodeling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices.
Many business owners hoped that Trump would avoid actually imposing tariffs on America’s biggest trading partners. No such luck. And the longer the tariffs stick, the more damage they can do, forcing companies to decide between eating higher costs and passing them along to inflation-weary consumers.
▶ Read more about the impact of tariffs
Wall Street stabilizing, still down sharply as Trump tariffs launch trade war
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq ticked up slightly in premarket trading Wednesday as Trump’s imposition tariffs on Mexico, Canada and China roil global markets. But these moves are far from recouping the losses that have erased all the gains made since Election Day. Three major U.S. banks were among Tuesday’s biggest losers, but shares in Wells Fargo, JPMorgan and Bank of America are rising now that the Trump administration has dropped the Consumer Financial Protection Bureau’s lawsuit charging them with failing to protect consumers from fraud via Zelle.
▶ Read more about stock market reactions to Trump administration moves
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