The Daily Money: Stocking up ahead of tariffs
Good morning! It’s Daniel de Visé with your Daily Money. It's April Fool's Day, but whatever you read here today is 100% fact, we promise.
The United States imported more goods in January than in any other month since the government started tracking the data, as people raced to stock up in advance of President Trump’s tariffs.
The import surge was driven by sharp increases from the United States’ three largest trading partners, China, Canada and Mexico, according to a Paste BN analysis of recently released trade data. Here's the full report.
Markets brace for tariffs
Financial markets, rattled for weeks under the strain of impending tariffs, may not find relief when President Trump announces details of the latest import taxes on Wednesday, some experts say.
Trump dismisses the warnings of many economists that tariffs will drive up prices, focusing instead on the hundreds of billions of dollars in domestic investment projects companies are unveiling to avoid the import taxes.
What are the most 'American' cars?
President Trump has made clear he wants more American-made cars, between plans for a 25% auto tariff and a proposal for tax-deductible interest on loans for cars made in the U.S.
All cars source at least some parts internationally, but some are more "American" than others. Cars.com's American-Made Index ranks the "most American" cars. Guess which brand tops the list?
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.