As we draw nearer to a new round of U.S. tariffs imposed by the Trump administration, it appears that they’ll be more targeted and less widespread than originally planned. Bloomberg reports that, according to the president’s aides and allies, automobiles will not be included in the targeted round of tariffs that will go into effect on April 2nd.
Trump allies are calling April 2nd “Liberation Day,” when the president will officially announce reciprocal tariffs that will go into effect that day. Automobiles may be excluded from the Liberation Day announcement, but it’s unclear whether they’re off the table entirely.
Sources say that countries that do not have tariffs on the U.S. and with whom the U.S. has a trade surplus won’t be tariffed under the reciprocal plan. Treasury Secretary Scott Bessent talked about the “dirty 15” in an interview with Fox Business, referring to the roughly 15 percent of countries that are in the crosshairs of a reciprocal tariff agenda due to those nations’ own tariffs on goods imported from the U.S.
“It’s 15 percent of the countries, but it’s a huge amount of our trading volume,” Bessent said. “And they have substantial tariffs, and as important as the tariff or some of these non-tariff barriers, where they have domestic content production, where they do testing on our – whether it’s our food, our products, that bear no resemblance to safety or anything that we do to their products,” he said.
This news is bringing some relief to the North American auto industry, which has been dealing with uncertainty and anxiety over tariffs potentially disrupting the industry. As of this writing, the stock prices of GM, Ford, and Stellantis are up by one percent or more in Monday trading, and Tesla stock is up a whopping 10 percent.
According to the Bloomberg report, it’s even possible that some tariffs will be adjusted or rolled back in the Liberation Day event. One such tariff could be the 25-percent tariff on Canadian steel and aluminum that took effect earlier this month, which also has implications for the North American auto industry.
Comments
a clown man or better saying a clown, man
Ya, unlike the guy who sniffs little kids, showered with his daughter, and ate ice cream, all while having dentia and pretending to run the country……4 years of that nonsense is over…thank the Lord above!!!
MakeMentalAsylumsGreatAgain
Ya, unlike the guy who talks about how hot is own daughter is and how he would date her if she wasn’t his child, bragged about grabbing people by the privates because he is a “Star”, cheated on all his wives and paid off an ugly old porn star to keep quiet about an affair (who cares honestly) convicted felon, bankruptcy 6 times, started a fraudulent “university” that settled for $25 million, used charity funds to purchase portrait of himself, doesn’t pay contractors and other business for work done, notorious for endless litigation and petty lawsuits against people, and ate only McDonald’s and kfc, all while having “dentia” and a bunch of other mental issues and is fat and pretending to run the country from Elon!
Come on dude, bidum and dotard are both crooked, elderly, mentally challenged and psychically challenged men. They DONT care about us average folks.
“Countries with which the US has a trade surplus will not be subject to tariffs under the reciprocal plan.”
Looking at the latest tariffs imposed by the government, I highly doubt that this will be put into practice. Just take Brazil as an example, which despite having a deficit in its trade balance with the US since 2009, has been a constant target of the president in his criticisms about tariffs, and has even been taxed.
Complete chaos. No thought out plan. Pathetic.
Canada and Mexico are free to remove their tariffs from U.S. goods.
Is it “pathetic” for Canada and Mexico to put tariffs on U.S. goods?
Reciprocal tariffs make sense to me. Other countries have been protecting their domestic industries with tariffs on U.S. products for years. It’s about time the U.S. looks out for itself.
Obviously Donald doesn’t know what he is doing. I’m sure many CEO’s are telling him what will happen if he tariffs everything he said he was going to , and it’s not a good scenario.
Plus he loves the attention, look at me everyone, look what I can do!
OMG, I’ve never seen a man who loves himself so much. Getting so tired of his nonsense.
TDS!!!!
So funny. You clowns age like 10 years in history first 4 year period. Now another 4 GREAT years. You’re all gonna look like raisens. Lmfao