On today’s show: Reuters reports that the world is on the brink of a trade war. USA Today explains what it all means for our wallets. Is flying less safe right now? Zach Wichter with USA Today answers the key questions. Semafor’s David Weigel unpacks what the selection of a new Democratic National Committee chair means for the future of the party. Plus, Elon Musk now has access to a crucial Treasury Department payment system, the NBA trade that shocked the entire league, and the Grammy Awards’ biggest winners. Today’s episode was hosted by Gideon Resnick.
Full Episode
Good morning. It's Monday, February 3rd. I'm Gideon Resnick in for Shamita Basu. This is Apple News Today. On today's show, the latest on last week's plane crash. Democrats pick a new leader and Beyonce finally wins album of the year.
But first, the Trump administration says it's hitting pause on sweeping tariffs on Mexico for a month while the two countries negotiate an agreement on security and trade.
Mexican President Claudia Sheinbaum said on X that she had a, quote, good conversation with President Trump and is committed to having 10,000 National Guard troops at the border to block the flow of drugs like fentanyl into the U.S.,
This is a last-hour change to what was gearing up to be a major trade war, with Trump threatening 25% tariffs on goods from Mexico and Canada and a 10% tariff on goods coming from China. As of now, tomorrow's tariff deadline still stands for Canada and China, and leaders there have said they plan to retaliate.
Canadian Prime Minister Justin Trudeau published a detailed list of American goods that his country plans to tariff, specifically items from Republican-led states, taxing everything from Tennessee's whiskey to Florida's oranges and Kentucky's peanut butter. And some places say they'll no longer buy American beer and liquor.
Prime Minister Trudeau spoke directly to the American people over the weekend, saying tariffs on his country's goods will hurt American consumers.
Tariffs against Canada will put your jobs at risk. potentially shutting down American auto assembly plants and other manufacturing facilities.
Experts warn the auto industry could take among the hardest hits. Canada produces more than 3,000 cars a day, 90% of which go to Americans. NBC News spoke with one worker at an automotive shop in New Jersey, who said that more expensive car parts inevitably means more expensive servicing of cars as well.
Oil changes mainly. That'll be the first noticeable one. An average oil change on most vehicles now anywhere between $50 to $80. It's probably going to end up over $100.
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