AI Snips
Chapters
Transcript
Episode notes
Q1 2024 Economy Contracts
- The economy shrank by 0.3% annualized in Q1 2024, the first contraction in three years.
- This drop was driven by a wider trade deficit and government spending cuts under Trump.
Auto Tariffs Impact Pricing
- New tariffs on imported auto parts start this Saturday, adding to existing vehicle tariffs.
- Ford aims to keep prices competitive but warned of possible price increases after July 4th.
US-Ukraine Minerals Deal Nears
- The U.S. and Ukraine are close to signing a natural resources deal to access Ukraine's mineral riches.
- Trump presents the deal as Ukraine repaying U.S. aid following the Russia invasion.