By coinnews 
00:00 Speaker A
Plus, get you the three things that you need to know today. First up, US stock futures, they are falling as investors brace for the Trump administration’s tariff announcement. Now, according to reports, President Trump and his team are still finalizing the size and scope of the new levies that he’s slated to unveil this afternoon. Meanwhile, Treasury Secretary Scott Benson said today’s tariffs will be the highest they’ll go, and that countries can then take steps to bring the tariffs down. That’s according to reporting from CNBC.
00:32 Speaker A
Plus, tariff retaliation already underway. China’s taken steps to restrict local companies from investing in the US, a move that could give Beijing more leverage for trade negotiations. That’s according to Bloomberg. Well, China previously had placed tariffs on tariff restrictions on some overseas investments over national security and capital outflow concerns. The new measures underscore tensions playing out between the world’s two biggest economies as Donald Trump ramps up tariffs.
01:04 Speaker A
And we’ve got Tesla deliveries this morning. They’ll show if the company had a brutal start to the year amid backlash against CEO Elon Musk. Analysts expect the EV maker to have delivered about 390,000 cars in the first quarter, according to estimates compiled by Bloomberg. That’s down from the more than 460,000 that Wall Street had projected as of early January. This expected slowdown comes as the company grapples with declining overseas sales, vandalized showrooms and paused production lines. Shares of Tesla are down 34% this year.