Details of Trump's 'Liberation Day' Tariffs

[mystery-ak]

 By Michael Katz    |   Wednesday, 02 April 2025 05:09 PM EDT

It was "Liberation Day" at the White House on Wednesday as President Donald Trump announced a sweeping round of tariffs during a speech in the Rose Garden.

Here are some details of what he revealed:

    Reciprocal tariffs, but not matching what other countries are charging, but with a minimum baseline of 10%.
    25% tariffs on all foreign-made automobiles, which begin at midnight Thursday.
    Also, CNBC reported that 25% tariffs on all imported canned beer and empty aluminum cans will be starting Friday.

Trump displayed a chart of the level of tariffs the U.S. is charged by other nations and what the U.S. will now be charging them. It included:

    China is charging the U.S. 67% tariffs; will be slapped with 34% tariffs on imported goods.
    The European Union: charging 39%; will be charged 20%
    Vietnam: 90%; will be charged 46%
    Taiwan: 64%; will be charged 32%
    Japan: 46%; will be charged 24%
    India: 52%; will be charged 26%
    South Korea: 50%; will be charged 25%
    Thailand: 76%; will be charged 36%
    Switzerland: 61%; will be charged 31%
    Indonesia: 64%; will be charged 32%
    Malaysia: 47%; will be charged 24%
    Cambodia: 97%; will be charged 49%
    United Kingdom: 10%; will be charged 10%
    South Africa: 60%; will be charged 30%
    Brazil: 10%; will be charged 10%
    Pakistan 58%; will be charged 29%
    Sri Lanka 88%; will be charged 44%

https://www.newsmax.com/newsfront/donald-trump-tariffs-liberation-day/2025/04/02/id/1205420/

[mystery-ak]

Admin Confirms Car Tariffs Start Thursday, Auto Parts on May 3

Wednesday, 02 April 2025 03:16 PM EDT


President Donald Trump's administration on Wednesday confirmed that his 25% global car and truck tariffs will take effect as scheduled on Thursday and that duties on automotive parts imports will be launched on May 3.

In a Federal Register notice adding details to Trump's autos tariff proclamation issued last week, the White House directed the Commerce Department to establish a process within 90 days for adding more parts to the list, including at the request of domestic producers.

The 25% automobile tariffs are due to take effect at 12:01 a.m. EDT on Thursday, with the 25% tariffs on auto parts due to take effect at 12:01 a.m. EDT on May 3, according to the Federal Register.

The parts list currently includes dozens of tariff codes including engines, transmissions, powertrains and electrical components, as well as other parts such as brake hoses, but domestic producers will be able to request additions to the list, the notice said.

The notice said that for vehicles qualifying under the U.S.-Mexico-Canada Agreement's rules of origin, importers can pay the 25% duty on only the non-U.S. content of the order.

https://www.newsmax.com/politics/auto-imports-tariffs/2025/04/02/id/1205402/

[mystery-ak]

President Trump to Leaders Asking for Exemptions from Reciprocal Tariffs: Terminate Your Own Tariffs, Build Products in America

President Donald Trump told the American people his exact message to foreign leaders who may ask for exemptions to his reciprocal tariff policy, providing a long list of what they must do, including dropping their own tariffs, building their products in the United States, and buying American.

https://www.breitbart.com/politics/2025/04/02/president-trump-to-leaders-asking-for-exemptions-from-reciprocal-tariffs-terminate-your-own-tariffs-build-products-in-america/

[bilo]

The post WWII  globalist approach to governance is finally coming to an end.

It may take a few years, but bringing manufacturing back will secure our future.

I don't know about Canada, but Mexico has already said they won't try to retaliate.

[roamer_1]

The post WWII  globalist approach to governance is finally coming to an end.

It may take a few years, but bringing manufacturing back will secure our future.

That is NOT what will happen.

[mystery-ak]

Bessent: ‘Not Sure’ Why Mexico, Canada Weren’t On Tariff List, I’m Not in Talks

During an interview with Bloomberg on Wednesday, Treasury Secretary Scott Bessent said that he wasn’t sure why Canada and Mexico were left off of the chart on reciprocal tariffs put out by the White House earlier in the day and he isn’t involved in tariff talks, but later said in another interview, while discussing how the tariffs relate to other countries that there is a calculus around non-tariff barriers, currency manipulation, and subsidies.

Bloomberg host Annmarie Hordern asked, “The President had this huge chart showing all of the different rates. Canada and Mexico, notably missing on that chart. Why is that?”

Bessent answered, “I’m not sure.”

Hordern then said, “I imagine that has to do, potentially, because they’re already in negotiations, previously, with the 25%.”

Earlier, Bessent said that he’s not a part of the negotiations over tariffs.

more
https://www.breitbart.com/clips/2025/04/02/bessent-not-sure-why-mexico-canada-werent-on-tariff-list-im-not-in-talks/