Morning Brew Daily CEOs Warn of Price Bumps From Tariffs & Waymo Rolls Out in Austin
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Mar 5, 2025 CEOs warn that new tariffs could hike the prices of everyday goods, leading to a potential surge in household expenses. As Canada and China prepare to retaliate, concerns grow in the auto industry about production disruptions. Meanwhile, Commerce Secretary Howard Lutnick discusses a controversial proposal to exclude government spending from GDP calculations. In tech news, Waymo gears up to launch its RoboTaxis in Austin, showcasing the future of autonomous vehicles and highlighting safety advancements.
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Tariff Impact on Prices
- Tariffs imposed on goods from China, Mexico, and Canada will likely increase consumer prices.
- Target and Best Buy predict price hikes on everyday items due to disrupted supply chains.
International Response to Tariffs
- Canada, China, and Mexico plan retaliatory tariffs against the US.
- This international response signals escalating trade tensions.
GDP Calculation Debate
- Some Trump officials propose removing government spending from GDP calculations.
- Economists argue this could politicize economic data.