Overview

• President Trump signed an executive order exempting automakers from overlapping tariffs on steel, aluminum, and imported parts, with a phased refund schedule to incentivize domestic production.
• The order aims to alleviate financial pressure on automakers and encourage relocation of supply chains to the United States.
• Amazon retracted its consideration of displaying tariff costs on its platform after White House criticism and a direct call from President Trump to Jeff Bezos.
• White House spokesperson Karoline Leavitt labeled Amazon's reported plan as a 'hostile and political act,' though Amazon clarified it was only discussed for its low-cost Haul platform.
• At a Michigan rally marking his first 100 days, Trump highlighted progress in trade negotiations with China, India, South Korea, Japan, and the EU, emphasizing domestic production requirements.