This week, Fitch Ratings found that 6.5% of subprime borrowers were at least two months late on their car payments. That’s the highest level since the agency began collecting this data in 1994. Other data finds that auto loan delinquency rates increased in 2024 across all income levels. What’s behind all this? Plus, tariffs already being felt across the economy. And later, a vintage race car mechanic reflects on the sights, sounds and feelings of racing.

This week, Dunkin’ dropped its surcharges on drinks with nondairy milk. Starbucks did the same late last year, as have some indie coffee shops. Today, we look at how the popularity of nondairy milks is changing how restaurants set prices. But first, we unpack the chaos of recent tariffs, including how they affect a free trade agreement between the U.S., Canada and Mexico, and how trade policy uncertainty is impacting agricultural exporters.

From the BBC’s World Service: The world’s second-largest economy is struggling. The latest trade figures show that imports into China fell by more than 8% in January and February, compared to the same period last year. Then, following an emergency summit of European Union leaders, the bloc says it’s approved a plan that could allow for up to $870 billion in additional defense spending. Plus: a look at the instant noodles market in India.