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Max Knoblauch

Stellantis, GM, and Ford go green on temporary auto tariff relief

Major automaker shares are experiencing a turnaround from Tuesday’s tariff sell-off.

GM, Ford, and Stellantis are all green Wednesday. Toyota and Honda are also up. The reason for the optimism? An official one-month tariff exemption for cars compliant with USMCA regulations, the trade deal established in President Trump’s first administration.

The White House confirmed the exemption on Wednesday afternoon.

Speaking to Bloomberg Television Wednesday morning, Commerce Secretary Howard Lutnick had hinted that tariff relief was potentially being considered for certain industries and products, sending shares of carmakers higher.

“It could well be autos. It could be others as well,” Lutnick said, conjecturing on which products Trump may decide don’t have to face the steep levies. Lutnick later added that to his understanding, American carmakers Ford, GM, and Stellantis are all USMCA compliant.

Most American automaker shares are still down or flat in 2025, and it’s worth repeating that this exemption only buys the industry another month before the process rinses and repeats again. Trump has said he’s planning auto-specific tariffs as early as April 2. $279 billion worth of passenger cars, trucks, buses, and special-purpose vehicles were imported into the US last year.

This U-turn is reminiscent of last month’s auto seesawing around tariffs and tariff delays.

Note: This post has been updated to reflect White House confirmation of the one-month tariff exemption for US automakers.

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Max Knoblauch

Texas sues Netflix, accusing streamer of spying on children and collecting user data without consent

The state of Texas filed a lawsuit Monday against streaming giant Netflix, alleging that the company has built a “behavioral-surveillance program of staggering scale.”

The suit alleges that Netflix is “deceptively designed” to be addictive, using features like autoplay to get viewers hooked, “mining those users for data, and then converting that data into lucrative intelligence for global advertising juggernauts.”

“When you watch Netflix, Netflix watches you,” the lawsuit reads.

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

Attorney General Ken Paxton Sues Netflix for Spying on Texas Kids and Consumers by Illegally Collecting Users’ Data Without Their Knowledge or Consent

“This lawsuit lacks merit and is based on inaccurate and distorted information,” Netflix said in a statement to Sherwood News. “Netflix takes our members’ privacy seriously and complies with privacy and data‑protection laws everywhere we operate.”

Texas is seeking civil penalties of “up to $10,000 per violation” of the Texas Deceptive Trade Practices-Consumer Protection Act, along with an additional penalty of up to $250,000 per violation involving a consumer aged 65 or older.

“Netflix is not the ad-free and kid-friendly platform it claims to be. Instead, it has misled consumers while exploiting their private data to make billions,” said Texas Attor­ney Gen­er­al Ken Pax­ton in the press release announcing the lawsuit.

Netflix did not immediately respond to a request for comment.

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