Re: Life in Post Democracy Era: Trump 2/Elon
Posted: Wed Mar 26, 2025 5:22 pm
Looks like Trump want to bump the Hegseth scandal out of the news cycle by tanking the economy and markets some more:
Trump to announce auto tariffs amid rattled markets and a global trade war
President Donald Trump is planning to announce automobile tariffs on Wednesday afternoon in the Oval Office, barreling forward with a whiplash economic strategy that has rattled markets and ignited a global trade war.
Trump previewed his “big, special announcement” on foreign-made cars with Commerce Secretary Howard Lutnick during a White House East Room event for Women’s History Month.
“We’re going to go with the tariffs on cars,” Trump said.
Final details on the auto tariffs remain under wraps. Trump suggested a potential 25% tariff on imported vehicles in February. He has not said whether there could be carve-outs for automobiles covered in the U.S.-Canada-Mexico Agreement, the regional trade deal that Trump negotiated during his first term.
Click on the link for the full article
Trump to announce auto tariffs amid rattled markets and a global trade war
President Donald Trump is planning to announce automobile tariffs on Wednesday afternoon in the Oval Office, barreling forward with a whiplash economic strategy that has rattled markets and ignited a global trade war.
Trump previewed his “big, special announcement” on foreign-made cars with Commerce Secretary Howard Lutnick during a White House East Room event for Women’s History Month.
“We’re going to go with the tariffs on cars,” Trump said.
Final details on the auto tariffs remain under wraps. Trump suggested a potential 25% tariff on imported vehicles in February. He has not said whether there could be carve-outs for automobiles covered in the U.S.-Canada-Mexico Agreement, the regional trade deal that Trump negotiated during his first term.
Click on the link for the full article