Plus, how to win the lottery.On Today’s Episode:Trump Whipsaws on Tariffs, Giving Mexico and Canada Reprieve, by Ana Swanson and Alan RappeportTrump’s Policies Have Shaken a Once-Solid Economic Outlook, by Ben Casselman and Colby SmithHow Trump’s ‘51st State’ Canada Talk Came to Be Seen as Deadly Serious, by Matina Stevis-GridneffTrump Administration Prepares to Revive and Expand Travel Bans, by Charlie Savage and Edward WongU.S. and Ukrainian Officials to Meet Next Week About Path to End War, by Luke Broadwater and Marc SantoraNational Parks Had a Record Year. Trump Officials Appear to Want It Kept Quiet, by Lisa FriedmanBreakup of SpaceX’s Starship Rocket Disrupts Florida Airports, by Kenneth Chang2 Texas Lottery Wins Prompt Investigations and Stir Public Outrage, by Michael LevensonTune in every weekday morning. To get our full audio journalism and storytelling experience, download the New York Times Audio app — available to Times news subscribers on iOS — and sign up for our weekly newsletter.Tell us what you think at: [email protected].
Full Episode
From The New York Times, it's The Headlines. I'm Traci Mumford. Today's Friday, March 7th. Here's what we're covering. President Trump has made a whiplash reversal on tariffs against Canada and Mexico. They're now off again, at least kind of. He suspended many of the 25 percent surcharges just two days after they kicked in.
This decision came after pushback from business leaders and Canadian and Mexican officials. According to orders the White House released last night, some of the tariffs are permanently suspended. Others are merely paused. Most everyone involved is unsure of what could come next. For the stock market, that head spinning back and forth is weighing on investors.
The S&P 500 is on course for its worst week since two years ago when there was a banking crisis.
The economy is in this really sort of strange, uncertain moment.
My colleague Ben Castleman says coming into the year, the economy looked quite strong by a number of measures.
We had hiring going up, incomes going up, profits going up, unemployment low. But now, all of a sudden, there's a lot of sort of storm clouds on the horizon right Consumer confidence has really taken a hit, business confidence too. And really, practically all of this is tied to the new administration.
You know, right now it's very hard for a business to decide whether to invest or to hire if they don't know what the tariff situation is going to be, what the tax situation is going to be, what the labor situation is going to be. And that kind of ripples through the economy.
As the tariff drama has played out, the U.S. and Canada have increasingly found themselves at odds. They used to be the closest of allies, but their relationship has taken a hit, not just because of the tariffs, but also because Trump has been calling Canada's sovereignty into question.
So I think Canada is going to be a very serious contender to be our 51st state.
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