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Ford Offers Discounts on Cars and Trucks as Auto Tariffs Kick In– www.nytimes.com

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Ford Motor said on Thursday that it was lowering prices on most of its vehicles to the same levels it charges employees in a bid to boost sales as President Trump’s tariffs on imported cars took effect.

The tariffs began on Thursday on vehicles imported from Mexico, Canada, Japan, Germany and other countries. The duties — 25 percent of the value of the vehicle in most cases — are expected to increase prices of new cars and trucks and dampen demand.

About half the vehicles sold in the United States each year are produced in other countries. Mexico is the top source of those cars and Canada is among the largest. For three decades, the United States, Canada and Mexico have had a free-trade zone, and automakers have moved parts and vehicles freely among the three countries.

Ford’s new program, which the company is calling “From America, for America,” could help reduce a large inventory of unsold cars. In February, Ford had more cars in inventory as measured by how many days it would take to sell them all than all but three other brands — Jaguar, Mini and Dodge — according to Cox Automotive, a research firm.

GM to increase production in Indiana following Trump’s tariffs– www.washingtonexaminer.com

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General Motors is the latest automobile company to respond to President Donald Trump’s newly implemented auto tariffs, announcing it will be ramping up production in Indiana.

The shake-up for GM, known for brands such as Chevrolet, Buick, and GMC, will bring about an uptick in production at its plant near Fort Wayne, Indiana, which is known for producing Chevrolet’s Silverado 1500 and GMC’s Sierra 1500. The increase in productivity will also extend to hiring hundreds of temporary employees.

“General Motors will be making operational adjustments at Fort Wayne Assembly, including hiring temporary employees, to support current manufacturing and business needs,” a spokesperson for the automaker said in a statement. “We continuously update and revise production schedules as part of our standard process of evaluating and aligning to manage vehicle inventory.”

Globalists need ‘WWII-type catastrophe’ to usher in a new financial system, author warns– www.lifesitenews.com

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(LifeSiteNews) — Author Whitney Webb said that globalists need a “WWII type” catastrophe in order to usher in a new financial system using digital IDs and digital currencies.

In an interview published by Library of Wealth, Webb, the author of One Nation Under Blackmail: The Sordid Union Between Intelligence and Crime That Gave Rise to Jeffrey Epstein, discussed the monetary system that the globalist elite plans to roll out.

Webb said the globalists “ just need some sort of big event on the scale of World War II or some large event that’s equally disruptive in order to be like: ‘Alright, now it’s time for a new financial governance system after this big event,’ like they did after World War II.”

”I think they sort of give it away when they say that this is the new Bretton Woods movement that needs to be seized,” she stated. “Bretton Woods was what came out of World War II essentially and was the creation of a new financial governance system.”

NEW: Four GOP Senators Stab Trump In The Back: ‘Extremely Disloyal’– trendingpoliticsnews.com

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Despite last-minute pressure from President Donald Trump, four Senate Republicans on Wednesday bucked demands to back his plan for sharp new tariffs on Canada, a slap in the face that he has promised not to forget.

A midnight missive by President Trump early Wednesday morning wasn’t enough to prevent the four Republicans from joining with unanimous Democratic support to pass a resolution denouncing President Trump’s tariffs on Canada. Of the four — Sens. Mitch McConnell (R-KY), Rand Paul (R-KY), Susan Collins (R-ME), and Lisa Murkowski (R-AK) — only Collins is up for reelection next year while McConnell has announced his intent to retire.

Trump previously implored the four holdouts to “get on the Republican bandwagon, for a change, and fight the Democrats wild and flagrant push to not penalize Canada for the sale, into our Country, of large amounts of Fentanyl, by Tariffing the value of this horrible and deadly drug in order to make it more costly to distribute and buy.”

In a fiery floor speech on Wednesday, Sen. Paul accused Trump of placing a tax hike on the American people by leveeing his new tariffs.

“This is a tax, plain and simple,” he said of Trump’s Canada tariffs. “Taxes should not be enacted by one person. So I will vote today to end the emergency. I will vote today to try to reclaim the power of taxation, the power of the tariff, to where the Constitution designated it should properly be, and that is in Congress.”

Preparing tariff retaliation, U.S. allies say Trump will ‘buckle under pressure’– www.latimes.com

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WASHINGTON — The Trump administration is facing global blowback after announcing a dramatic series of tariffs on countries around the world, with U.S. adversaries and allies alike promising crushing responses that could devastate the American economy.

Stock markets in the United States, Europe and Asia plunged in the aftermath of President Trump’s announcement, which included a 10% base rate hike on nearly all foreign imports. Still other countries and trading blocs, including China, the European Union, South Korea and Japan, were hit with higher rates.

“We’re now preparing for further countermeasures to protect our interests and our businesses if negotiations fail,” Ursula von der Leyen, president of the European Commission, said in remarks late Wednesday evening from Uzbekistan, calling Trump’s announcement “a major blow to the world economy.”

The British trade secretary said that the United Kingdom, one of America’s closest allies with strong ties to the Trump administration, would work over the next month to see whether it could negotiate an exemption from U.S. tariffs, or otherwise deliver retaliatory taxes. The government published a webpage asking businesses for input on identifying which American products the U.K. should implement tariffs on, with the most minimal impact on the British economy.

Tariffs may raise much less than White House projects, economists say– www.cnbc.com

pgnewser April 3, 2025 0

Tariffs may raise much less than White House projects, economists say– www.cnbc.com
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President Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less than the White House expects, economists said.

The ultimate sum could have big ramifications for the U.S. economy, the nation’s debt and legislative negotiations over a tax-cut package, economists said.

White House trade adviser Peter Navarro on Sunday estimated tariffs would raise about $600 billion a year and $6 trillion over a decade. Auto tariffs would add another $100 billion a year, he said on “Fox News Sunday.”

Navarro made the projection as the U.S. plans to announce more tariffs against U.S. trading partners on Wednesday.

Economists expect the Trump administration’s tariff policy would generate a much lower amount of revenue than Navarro claims. Some project the total revenue would be less than half.

Roughly $600 billion to $700 billion a year “is not even in the realm of possibility,” said Mark Zandi, chief economist at Moody’s. “If you get to $100 billion to $200 billion, you’ll be pretty lucky.”

Trump set to unleash ‘Liberation Day’ tariffs– www.channelnewsasia.com

pgnewser April 3, 2025 0

Trump set to unleash ‘Liberation Day’ tariffs– www.channelnewsasia.com
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“COULDN’T CARE LESS”

Major economies including the European Union and Canada have vowed retaliation.

“We are going to be very deliberate in terms of the measures we take, to fight for Canada,” Canadian Prime Minister Mark Carney said on Tuesday.

The European Union, which Trump has accused of trying to “screw” the United States, said Tuesday it still hoped to negotiate a solution – but that “all instruments are on the table” to retaliate.

British Prime Minister Keir Starmer spoke with Trump on “productive negotiations” towards a trade deal between the US and the United Kingdom. Vietnam said on Tuesday that it would slash duties on a range of goods to appease Trump.

China ties U.S. talks to tariff removal as stalemate deepens– fortune.com

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China ties U.S. talks to tariff removal as stalemate deepens– fortune.com
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China’s top diplomat called on the U.S. to remove tariffs it imposed on Chinese goods for Beijing’s alleged role in America’s fentanyl crisis before holding any talks on the matter, deepening a stalemate weighing on trade ties between the world’s two largest economies.

“If the U.S. side really wants to solve the fentanyl problem, then it should cancel the unjustified tariff increase and engage in equal consultation with the Chinese side,” Chinese foreign minister Wang Yi said in an interview with Russian state-run news service RIA Novosti on Tuesday.

Wang’s demand came over a week after U.S. President Donald Trump’s ally Steve Daines met with top Chinese officials and asked Beijing to stop the flow of the drug’s ingredients into the US as a condition for talks. The opposing requests dim the prospect of high-level talks to ease tensions a day before the US president is set to announce his so-called reciprocal tariffs on global trade partners.

Israel Says It Will Lift All Tariffs on U.S. Goods – PJ Media– pjmedia.com

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Israel Says It Will Lift All Tariffs on U.S. Goods – PJ Media– pjmedia.com
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Israeli Finance Minister Bezalel Smotrich announced and signed a plan to eliminate any remaining tariffs targeting U.S. imports. The move came in advance of Donald Trump’s announcement on Wednesday that a new schedule of duties would be imposed on foreign products.

Israel and the U.S. have had a free trade agreement since 1985 that excludes about 98% of American products from Israeli tariffs. Israeli Prime Minister Benjamin Netanyahu appears to be trying to get out in front of any possible announcement on tariffs on Israel from the White House.

“Today we canceled all of the customs duties levied on products from the U.S., Israel’s largest trading partner,” Netanyahu said in a post on X. “Canceling the customs duties on American goods is an additional step in the policy that my government has led for a decade in opening up the market to competition.”

The lifting of tariffs on U.S. goods still needs approval of the Knesset, where it’s expected to pass.

New York Times:

Total U.S. trade with Israel amounted to an estimated $37 billion in 2024, and the U.S. bilateral deficit stood at $7.4 billion, an 8.6 percent increase over the previous year, according to U.S. trade data. Israeli import taxes on U.S. goods amount to $11.3 million annually, with most levied on food, according to Israel’s finance ministry.

Israel isn’t the only nation trying to forestall Trump’s action on tariffs directed against it. Previously, Mexico sent cartel leaders across the border to stand trial in the U.S. It also sent troops to the border to break up fentanyl rings. Other responses weren’t very friendly.

 

Canada, the European Union, and China imposed retaliatory tariffs on U.S. goods even before Trump’s official announcement. Unless Trump withdraws or modifies his threats of high tariffs, prices of many consumer goods will rise.

Smotrich is calculating that Trump will reciprocate and lower trade barriers to Israeli goods.

Smotrich’s initiative will still have to be approved by the Israeli Knesset, where agricultural interests enjoy significant influence. There will be a rearguard action in the effort to defend the protectionist schemes from which Israeli farmers benefit. But while the Smotrich plan is not a done deal, Israel’s vital security interests depend so heavily on American support that Israeli domestic interests may have to take a back seat to its near-term foreign policy objectives.

If Trump’s true objective is to compel America’s trading partners to drop their tariffs, to which he would respond by lowering America’s trade barriers, Israel’s maneuver should compel the administration to make some concessions. The American trade balance with Israel isn’t enormous, but it’s not nothing, either. The U.S. imports Israeli commodities like stone, metals, and glass, but it also takes in finished Israeli products like industrial machinery, chemicals, plastics, and rubber.

 

The tariffs are a calculated gamble by Trump, hoping to jump-start U.S. exports in a less restrictive, more competitive international trade atmosphere. If it works, it will revolutionize the American economy. If it doesn’t, we may be paying a lot more for everything we buy from overseas.

 

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President Trump GOES OFF as Four Senate Republicans Reportedly Plan to Defy Him and Vote for Democrat Measure to Sabotage His Canadian Tariff Policy | The Gateway Pundit– www.thegatewaypundit.com

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President Trump GOES OFF as Four Senate Republicans Reportedly Plan to Defy Him and Vote for Democrat Measure to Sabotage His Canadian Tariff Policy | The Gateway Pundit– www.thegatewaypundit.com
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President Trump is livid after learning that four Senate Republicans are reportedly prepared to vote to sabotage his tariff policy on Canada.

As Fox News reported, leftist Senator Tim Kaine (D-VA) has sponsored a resolution joint resolution that would terminate the national emergency Trump declared regarding illicit drugs and Canada. Trump has argued tariffs are necessary not just to curb the drug flow but also to rebalance an unfair trading relationship between the two countries.

The Senate is scheduled to vote on Kaine’s resolution this afternoon. While passage would not mean the tariffs evaporate, considering the House is unlikely to ever vote on the measure, voting against Canadian tariffs would hand the Democrats a powerful talking point and humiliate Trump in the process.

To add insult to injury, the vote is taking place on what Trump has declared “Liberation Day,” where he is set to unleash new reciprocal tariffs to bring back American jobs.