(11 Mar 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
New York – 11 March 2025
1. STILL various of traders at work at the New York Stock Exchange
US NETWORK POOL
Washington – 11 March 2025
2. President Donald Trump, followed by Elon Musk, walks behind White House
ASSOCIATED PRESS
++PARTIALLY COVERED++
Washington – 11 March 2025
3. SOUNDBITE (English) Josh Boak, The Associated Press:
“We’ve seen significant stock market sell offs over the past two days. In fact, the S&P 500 stock index is at its lowest point since September of last year. Why is that? Investors are spooked by the risks of tariffs. They’re looking at the announcements coming from President Trump with regard to tariffs on Canada, Mexico, steel, aluminum and more going forward starting in April, and worrying that that’s going to hurt profits, slow growth and raise prices. So, the hard question is what can the president do? Well, so far he’s shown no inclination to back off tariffs and try to reach negotiated settlement."
ASSOCIATED PRESS
Tijuana, Mexico – 4 March 2025
4. STILL of commercial trucks lined up to get into the US
ASSOCIATED PRESS
Pharr, Texas – 4 March 2025
5. STILL of a truck carrying produce from Mexico and Canada
ASSOCIATED PRESS
Tijuana, Mexico – 4 March 2025
6. STILL of commercial trucks lined up to get into the US
US NETWORK POOL
West Palm Beach, Florida – 7 March 2025
7. President Donald Trump walks off Air Force One
ASSOCIATED PRESS
++PARTIALLY COVERED++
Washington – 11 March 2025
8. SOUNDBITE (English) Josh Boak, The Associated Press:
“Tariffs are a form of revenue for the U.S. government. They’re called customs and duties. And essentially what they are is a tax on what you import. If you import an item worth more than $800, like, say, a gown or a suit or an espresso maker, you pay a tariff on that product as the importer. That’s true if you’re a consumer. That’s true of your business. And in some cases, the cost of that tariff can be passed along to you in the form of higher prices. Now, in a sense, the Trump administration has recognized this challenge by saying there will be some pain, a disruption, but they haven’t wanted to focus necessarily on why this pain is better than the alternative.”
STORYLINE:
President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off.
That’s a new message from a president who has frequently pointed to the market’s ups and downs as a reflection of himself and his activities, even when he was not in power.
Associated Press reporter Josh Boak says investors are spooked by the risks of tariffs.
"They’re looking at the announcements coming from President Trump with regard to tariffs on Canada, Mexico, steel, aluminum and more going forward starting in April, and worrying that that’s going to hurt profits, slow growth and raise prices. So, the hard question is what can the president do? Well, so far he’s shown no inclination to back off tariffs and try to reach negotiated settlement," Boak said.
Over the last year, while President Joe Biden was in office, Trump took credit for stock market rallies as a vote of confidence in his electoral prospects, even while he was appearing at his criminal trial.
When the market dipped, he blamed Biden and Vice President Kamala Harris.
“Now, in a sense, the Trump administration has recognized this challenge by saying there will be some pain, a disruption, but they haven’t wanted to focus necessarily on why this pain is better than the alternative,” Boak said.
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