Daily 5 report for April 3: Stocks crash, job cuts emerge, costs rise as tariff chaos begins

The United States president, in a dark suit and red tie, holds a chart on tariffs at an event outside the White House. — President Donald Trump announces reciprocal tariffs at an event April 2 at the White House. (SCREENSHOT FROM WHITE HOUSE YOUTUBE CHANNEL)

Last Updated

April 03, 2025 08:09 PM

Welcome to the Daily 5 report for Thursday, April 3.

Featured Stories

Foxconn plans 2 EVs for U.S. as iPhone maker blitzes into global autos, stalks Nissan

Foxconn plans 2 EVs for U.S. as iPhone maker blitzes into global autos, stalks Nissan

Here’s how experts have revised auto sales forecasts in wake of Trump tariffs

Here’s how experts have revised auto sales forecasts in wake of Trump tariffs

Which vehicles are subject to Trump’s auto tariffs? Check our list

Which vehicles are subject to Trump’s auto tariffs? Check our list

Live updates on tariffs: List of vehicles subject to duties

Live updates on tariffs: List of vehicles subject to duties

Latest News

EV boom masks economic pain for China’s major auto hubs

New-vehicle inventory largely flat in April at 3.1 million

Canadian countertariffs hit most U.S.-made vehicles with 21.25% levy

Foxconn plans 2 EVs for U.S. as iPhone maker blitzes into global autos, stalks Nissan

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See More in Manufacturing

Canadian countertariffs hit most U.S.-made vehicles with 21.25% levy

Here’s how experts have revised auto sales forecasts in wake of Trump tariffs

Tariff turmoil hits global suppliers at Detroit conference

Live updates on tariffs: List of vehicles subject to duties

Staying current is easy with newsletters delivered straight to your inbox.