Tag Archives: trade wars

The Washington Post reports: White House aide Peter Navarro claimed Sunday that President Donald Trump’s new tariffs would raise more than $6 trillion in federal revenue over the next decade, a figure that experts said would almost certainly represent the largest peacetime tax hike in modern U.S. history. Appearing on Fox News, Navarro said the president’s tariffs on auto imports, …

FOX HOST SHANNON BREAM: Investopedia says this, ‘If dealerships pass on the full cost to consumers, that would mean an additional $5,000 to $15,000 on imported cars. And because parts that are imported and end up U. S. cars, they could go up substantially some estimates by thousands of cars as well. You heard reporting there where the president says …

NBC News reports: The president said he “couldn’t care less” if automakers raised prices after he announced he would impose 25% tariffs on all foreign-made automobiles. When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because …

Reuters reports: U.S. airlines were flying high less than two months ago on talk of a new golden age, as strong travel demand and tight industry-wide capacity raised the prospect of a multi-year profit boom. But President Donald Trump’s broad tariffs and a crackdown on government spending have upended that optimism. Tourists and companies have reduced spending amid rising economic …

CBS News reports: Nearly all of the replacement parts on the shelves inside Fred Billeh’s Discount Auto Warehouse in Chicago came from the countries facing new tariffs. He estimates his warehouse carries “millions” of parts. Billeh’s prices increased in 2019 after Mr. Trump imposed tariffs in his first term. He said the added cost gets passed “to the customers, to …

The Business Standard reports: In a high-stakes call with top US automakers earlier this month, US President Donald Trump issued a warning: Do not raise car prices in response to his new tariffs, reported The Wall Street Journal. According to sources familiar with the conversation, Trump cautioned executives that the White House would not look favourably on price increases. His …

The CBC reports: Ontario Premier Doug Ford said he’s in full support of retaliatory tariffs after U.S. President Donald Trump announced a new 25 per cent tariff Wednesday on cross-border auto trade. “We’re going to make sure that we inflict as much pain as possible to the American people without inflicting pain on the Canadian population,” Ford said at Queen’s …

Travel site One Mile At A Time reports: Aviation analytics company OAG has published some data on the decline in flight bookings between the countries, and it’s worse than most people probably imagined. Specifically, the company compared summer season bookings in March 2024 vs. March 2025. In other words, at this point in both years, how many people have booked …

Fierce Pharma reports: As President Donald Trump renewed his threat of potential pharmaceutical tariffs this week, trade group the Biotechnology Innovation Organization (BIO) is warning of the fallout the additional duties could have on patients’ access to medicines. Nearly 90% of U.S. biotech companies rely on some imported materials for at least half of their FDA-approved products, a BIO survey …

The New York Times reports: President Trump said he would impose a 25 percent tariffs on cars that are imported into the United States on Wednesday. The tariffs will apply to finished cars and trucks that are shipped into the United States, including American brands whose automobiles are assembled overseas, and could raise prices for consumers significantly. Nearly half of …

Nashville’s ABC affiliate reports: A Canadian airline says it is canceling flights between Canada and a Tennessee city already targeted by the country’s tariffs. In response to tariffs enacted by Trump, Canadians have made their opinion of the U.S. clear, booing the country’s national anthem and removing American-made goods — including Tennessee whiskey — from their store shelves. “I can …

The Washington Post reports: White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.” Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada, …

NBC News reports: As tariff threats hovered last month, Air Canada told investors it was pre-emptively reducing March capacity to Las Vegas and other leisure destinations in Florida and Arizona that are typically popular with Canadian travelers. A spokesperson for the airline said this week that the situation remains “very fluid” and declined to comment further. The CEO of Calgary-based …

Yahoo Finance reports: US stocks fell on Thursday, with the S&P 500 officially entering into correction territory, as economic concerns grew and investors digested the latest inflation data, President Trump’s trade offensive, and a looming US government shutdown. The S&P 500 dropped 1.4% to officially enter a correction, as it is now more than 10% off its February record high. …

NewsNation reports: The CEO of the Distilled Spirits Council of the United States on Wednesday warned that a European whiskey tariff would be “very, very devastating.” “We’ve just gotten the news early, early this morning, that the [European Union (EU)] is poised to put a 50 percent tariff on American whiskey. That will be very, very devastating,” Chris Swonger told …

“What is the goal of all of this? Seriously, I don’t understand. What is the goal? I want President Trump to succeed. If President Trump is to succeed, we need a thriving economy. Declaring a trade war on Canada under the terms of the USMCA, which he himself negotiated in Trump term one, is not going to be a productive …

NBC News reports: Canada on Wednesday announced new trade duties on some $21 billion worth of U.S. goods in response to President Donald Trump implementing universal steel and aluminum tariffs. America’s northern neighbor is the largest foreign supplier of steel and aluminum to the U.S., and experts have warned Trump’s duties would be passed on to consumers. In a news …

ABC News reports: The European Union responded on Wednesday to the Trump administration’s metals tariffs, saying member states would place countermeasures on some 26 billion euros, or about $28 billion, worth of U.S. goods. The U.S. at midnight began imposing 25% tariffs on all steel and aluminum imports from all trading partners, with no exceptions or exemptions, the White House …

Canada’s Global News reports: Ontario “won’t back down” after U.S. President Donald Trump called for a further tariff hike in response to the province’s 25 per cent export tax on electricity. Premier Doug Ford delivered that remark in an interview with MSNBC Tuesday morning, within an hour after Trump said he’ll add an additional 25 per cent tariff to Canadian …

The CBC reports: Amid the patriotic chest-thumping and sincere efforts of Canadians to do right by their country in the face of the on-again, off-again U.S. tariffs, the humble little Maple Leaf has been working overtime. Perhaps nowhere more so than at the grocery store, where shelves are emblazoned with red maple leaves to indicate that certain products are, to …