Good morning from the Financial Times.
Today is Thursday, March 6, and this is your FT news briefing.
The tariff dance takes yet another step and BlackRock is getting into the ports business.
Plus, Donald Trump has given new life to Canada's ruling party.
Donald Trump started to kind of ramp up his attacks
and hostilities on Canada and that kind of galvanized the nation.
I'm Mark Filippino and here's the news you need to start your day.
The US yesterday said some local carmakers will get one month to find their footing
before import tariffs from Canada
and Mexico kick in.
On Tuesday, these 25% tariffs started and received a nasty response from investors.
The S&P 500 hit a four month low
and stocks in American car companies like Ford and GM had pretty big drops.
Carmakers breathed a sigh of relief after yesterday's reprieve.
GM's share price finished the day up more than 7%.
Ford jumped more than 5.5%.
But the tariff war is far from over.
Canada has already announced tariffs in response.
Mexico will announce its own plans on Sunday.
And Trump says reciprocal tariffs will go into effect on April 2.