May 1, 2026

Trump Tariffs

Senate RINOs Turn on Trump to Undo Key Policy, But Then a Republican Colleague Points Out the Obvious– www.westernjournal.com

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On Wednesday, four Republican senators joined their Democratic colleagues to pass a resolution, introduced by Democratic Sen. Tim Kaine of Virginia, designed to undermine President Donald Trump’s policy of imposing tariffs on Canada.

The operative word here — “designed” — makes all the difference, for the resolution has no chance of actually restraining the president.

In fact, Republican Senate Majority Whip John Barrasso chastised his four colleagues for the emptiness of their gesture.

“Sen. Kaine’s goal was not to make law. It was simply an effort to undermine President Trump’s successful work to secure the Northern Border,” Barrasso said in a statement, per Fox News.

Indeed, Trump has justified tariffs on Canada in part by citing that nation’s lax border enforcement. As a result, the deadly drug fentanyl has poured into the United States.

Moreover, Barrasso expressed confidence that Republican House Speaker Mike Johnson would squash the Senate resolution.

“Speaker Johnson already declared Sen. Kaine’s resolution dead on arrival in the House of Representatives. It will never make it to President Trump’s desk,” Barrasso continued. “This meaningless messaging resolution will not stop Senate Republicans from making America’s communities safer.

Trump’s tariffs: Which countries will hit back – and which likely won’t? | Donald Trump News– www.aljazeera.com

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US President Donald Trump has unveiled his long-awaited “reciprocal” tariff plan, in a move that sent financial markets reeling amid growing fears of a global trade war.

On Wednesday, Trump announced a 10 percent “minimum baseline tariff” on nearly all imports into the United States. Higher duties on targeted countries will be phased in shortly afterwards.

He claimed the new import taxes were designed to reduce trade deficits and bring foreign manufacturing back to US shores. He also said they would pave the way for tax future cuts.

As Trump took aim at a global trading system he said “ripped off” the US, his tariffs prompted an immediate backlash, with some of America’s largest trading partners promising countermeasures.

Trump announces new US tariffs on Mexican… beer– mexiconewsdaily.com

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United States President Donald Trump didn’t announce any “reciprocal tariffs” on imports from Mexico on Wednesday, but a 25% tariff on Mexican canned beer is set to take effect on Friday.

During a speech in the Rose Garden of the White House, Trump presented a chart outlining  “reciprocal tariffs” on imports from a long list of countries, but Mexico wasn’t among them.

In a fact sheet explaining the “reciprocal tariff” executive order the U.S. president signed on Wednesday, the White House said that Mexico and Canada are “unaffected by this order.”

“This means USMCA-compliant goods will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA-compliant energy and potash will see a 10% tariff,” the White House said.

“In the event the existing fentanyl/migration IEEPA [International Emergency Economic Powers Act] orders are terminated, USMCA-compliant goods would continue to receive preferential treatment, while non-USMCA-compliant goods would be subject to a 12% reciprocal tariff,” the fact sheet said.

On March 6, Trump announced that imports from Mexico covered by the USMCA free trade pact would not be subject to U.S. tariffs until at least early April. He had imposed a 25% tariff on all imports from Mexico and Canada two days earlier due to what the White House said was the two countries’ failure to take adequate action against “the influx of lethal drugs” to the U.S.

Trump’s reciprocal tariffs, from highest to lowest so far – National– globalnews.ca

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U.S. President Donald Trump announced the range of reciprocal tariffs he is imposing against nearly 200 global trading partners, saying the U.S. has been “looted” and “pillaged” by other nations and needs to respond.

The list of countries and territories, laid out across eight pages of documents, includes a baseline 10 per cent tariff on the countries but imposes higher duties on many other countries.

Canada is not impacted — yet — but does continue to face existing tariffs as well as previously threatened auto tariffs that kick in on Thursday.

The chart shows the U.S. will charge a 34 per cent tax on imports from China, 20 per cent on European Union products and 25 per cent on South Korea.

Here’s a list of all the countries and overseas territories listed by the White House as facing “reciprocal” tariffs by the U.S. and the amount they will be hit with in duties from highest to lowest:

Liberation Day Is Here, And the List of Tariffs Is a MAGA Dream Come True– www.westernjournal.com

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President Donald Trump unveiled his reciprocal tariff plan Wednesday during a Rose Garden event the White House billed as “Liberation Day.”

With most of his cabinet on hand, as well as auto workers from Michigan, among others, Trump announced that he would be charging countries essentially half what his administration calculates, on average, they are imposing on the United States.

Further, there will be a 10 percent baseline across the board.

Trump called it a “kind reciprocal tariff” policy, saying he would be embarrassed to charge the full amount other countries are imposing on U.S. goods.

First on a list that Trump pointed to during the announcement was China, which he said charges the U.S. a 67 percent tariff (his chart indicated the administration’s tariff calculations include currency manipulation and trade barriers).

In response, Trump said his administration will be imposing a 34 percent tariff on Chinese goods.

Trump Tariffs Live Updates: Tariffs Send Wall Street Tumbling Toward Worst Day Since 2022– www.nytimes.com

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For three years, the U.S. economy has been buffeted by rapid inflation, high interest rates and political instability at home and abroad. Yet it has proved surprisingly resilient, supported by the sturdy pillars of robust consumer spending, a rising stock market, and healthy balance sheets for households and businesses alike.

But one by one, those pillars have begun to crack under the weight of tariffs and uncertainty. The all-out global trade war that President Trump declared on Wednesday could be enough to shatter what had arguably been the economy’s final source of support, the strong job market.

“The strength of the consumer is coming down to the jobs market,” said Sarah House, an economist at Wells Fargo. “And it’s increasingly perilous.”

The sweeping tariffs that Mr. Trump announced on Wednesday, and the duties that U.S. trading partners quickly imposed in retaliation, sent stock indexes around the world tumbling on Thursday. The effects won’t be limited to the financial markets: Economists say tariffs will raise prices for consumers and businesses, which will lead employers to pull back on hiring and, if the tariffs remain in place long enough, lay off workers.

“If the economy isn’t growing as fast, or it isn’t growing at all, you don’t need as many workers,” Ms. House said.

Economists will get their latest glimpse of the job situation on Friday, when the Bureau of Labor Statistics will release March figures on hiring and unemployment.

Trump Tariffs Drive Major Automakers To Boost Production In U.S., Offer Discounts To Americans– trendingpoliticsnews.com

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Two of the world’s largest automakers announced on Thursday that they are offering America First deals on new vehicles for customers or making production changes while seeking to take advantage of President Donald Trump’s new tariffs on foreign-assembled vehicles.

For the next several months, Ford will be touting a “From America, For America” deal, which will offer new customers the chance to purchase vehicles at employee pricing, potentially knocking thousands of dollars off the going rate.

Steve Croley, the company’s chief policy officer, told “Fox & Friends” that Americans deserve a break for going out of their way to buy American-made cars.

“We’re going to offer customers the same deal that our employees get. That’s worth thousands of dollars,” he told host Brian Kilmeade.

“We’ve heard some uncertainty from our customers and we want them to be assured that Ford, the most American auto company, is going to do right by them, as are our dealers. We make the most cars here, we employ the most, we export the most, and so we here at Ford, we’re in a good position to address customers’ concern and give them a really great deal on a great vehicle,” he added.

Trump Isn’t Starting a Trade War; He’s Fighting to Win the Decades-Long War – PJ Media– pjmedia.com

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Economist EJ Antoni, bucking the mainstream hysteria, is explaining that Donald Trump isn’t launching a trade war; he’s exposing the extremely unbalanced trade war the U.S. has been losing for decades.

In a hard-hitting op-ed for Fox News, Antoni compared Trump to one of his Republican presidential predecessors, U.S. Grant, for sheer grit and determination in spite of smear campaigns and prophecies of failure. The reality is that other countries have been imposing unfair tariffs on American goods while demanding no reciprocal tariffs for years. Trump is just insisting that other countries pay the same tariffs they require us to pay. The trade war already existed; it’s just that Trump wants to win.

Antoni insisted, “Trump is being attacked for being anti-free trade or for starting a trade war, but the opposite is true. For most of the last half century, the global economy has become entrenched in a pseudo-free trade that artificially disadvantages American exporters.”

He added, “In this sense, other nations declared a trade war on America decades ago, and our leaders never fought back.“ Trump’s reciprocal tariffs are meant to pressure other nations that do, in fact, rely on American trade and American consumers “to reduce their trade barriers and end a trade war that already exists.”

Nike Stock Plunges as Low-Wage Factories Abroad Face Trump’s Tariffs– www.breitbart.com

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Nike stock is plunging on Thursday, the day after President Donald Trump announced reciprocal tariffs that will end the nation’s decades-long free trade policy.

“NKE was last seen 11.3% lower at $57.62, as investors digest the long-term impact of rising supply chain costs on the company’s margins,” Schaeffer’s Investment Research reports. “The stock is set to snap a three-day win streak, extending its late-March post-earnings bear gap and hitting its lowest level since November 2017. Nike stock now carries a 23.5% year-to-date deficit.”

On Wednesday evening, Trump announced reciprocal tariffs — adding a 34 percent tariff on China, a 46 percent tariff on Vietnam, a 49 percent tariff on Cambodia, a 32 percent tariff on Indonesia, and a 36 percent tariff on Thailand, among a long list of others.

Reuters reports:

Shares in Nike, Adidas, and Puma dropped sharply after Vietnam was targeted with a 46% tariff rate, Cambodia with 49%, Bangladesh with 37% and Indonesia with 32%, while Trump hiked tariffs on China by an extra 34 percentage points, following the earlier 20% tariffs. [Emphasis added]

“Companies that worked hard over the years to reduce reliance on China by leaning into countries like Vietnam just learned there really isn’t a place to hide,” BMO Capital Markets analyst Simeon Siegel said. [Emphasis added]

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.”

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

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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.

Karoline Leavitt Brings The Receipts, Exposes Allies’ Sky-High Tariffs On U.S. Goods– trendingpoliticsnews.com

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Karoline Leavitt Brings The Receipts, Exposes Allies’ Sky-High Tariffs On U.S. Goods– trendingpoliticsnews.com
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On the eve of President Donald Trump’s much-anticipated “Liberation Day,” the date when he is expected to launch a flurry of new tariffs intended to level the trade U.S. deficit with foreign nations, White House Press Secretary Karoline Leavitt pushed back aggressively on media claims that they will only lead to consumer pain and higher prices.

Waving the receipts, Leavitt spoke in depth about some of the most egregious examples of U.S. goods being taxed at a higher rate by other countries. She cited a 700% markup on rice being imported to Japan and a 300% tariff in Canada on American butter and cheese.

“This makes it virtually impossible for American products to be imported into these markets, and it has put a lot of Americans out of business and out of work over the past several decades,” she declared.

One Washington Post headline on Tuesday — “Trump aides draft tariff plans as some experts warn of economic damage” — summed up the narrative that outlets are spinning ahead of President Trump’s economic upheaval. Most goods being imported into the U.S. will face a 20% tariff, according to details about the plans shared by sources.

The outlet writes that the tariffs, if enacted, “would almost immediately” cause Trump’s economy to “tumble into a recession that would last for more than a year,” citing an economist at Moody’s who called the outcome a worst-case scenario.

White House considering roughly 20% tariff on most imports, report says– www.cnbc.com

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White House considering roughly 20% tariff on most imports, report says– www.cnbc.com
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US President Donald Trump, alongside Secretary of Treasury Scott Bessent (L) and Secretary of Commerce nominee Howard Lutnick (R), signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC.

Jim Watson | Afp | Getty Images

White House aides have drafted a proposal that would levy tariffs of roughly 20% on most imports, The Washington Post reported Tuesday.

The report cited three people familiar with the matter. It also said White House advisors cautioned that several options are still on the table, meaning the 20% tariffs may not come to pass. Another plan being considered is the country-by-country “reciprocal” approach, according to the Post.

The report comes a day before April 2, when President Donald Trump is set to announce his larger plans for global trade. The date has loomed over Wall Street, where stocks have been struggling in part due to uncertainty around rapidly changing global trade policy.