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Trump Set To Announce Biggest Tax Increase On Americans In Decades​

WASHINGTON – President Donald Trump is set to announce Wednesday his decision to unilaterally raise taxes on American importers by trillions of dollars over the next 10 years, potentially the biggest tax hike since World War II, with that cost getting passed along to consumers.

“It’s an extraordinary tax increase,” said Douglas Holtz-Eakin, a conservative economist with the American Action Forum and formerly the director of the Congressional Budget Office.

Trump has been touting his announcement of his new import taxes — which he is doing on his own, without congressional approval — as “liberation day” for weeks. White House officials declined on Tuesday to reveal exactly how large a tariff Trump would impose and on which countries, although his statements in recent days have suggested that it would be across the board.

More:

https://www.msn.com/en-us/money/mar...S&cvid=4b5a135355544d1180fa0d29f55e6e1d&ei=15
 

Tariff impact on autos and groceries: Here's what consumers should know​

Apr 2, 2025

CNBC's Courtney Reagan and Phil LeBeau join 'Squawk Box' to discuss the impact of tariffs on food and auto prices.


6:57
 

Morning Bid: Trouble with a capital 'T'​

LONDON (Reuters) - What matters in U.S. and global markets today

By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets

The bigger the buildup to an event, the greater the risk of disappointment. Wednesday's much-heralded U.S. tariff announcements might not live up to the hype, but even if they do, this is not going to be the end of the matter, and the market reaction won't be cut and dried either.

I'll discuss how markets are reacting in advance of the big reveal and then explore the risk investors should be focusing on right now. Hint, it's not a tariff surprise today.

Today's Market Minute

More:

https://www.msn.com/en-us/money/mar...S&cvid=4b5aec9596a7486db2d313d7442cba0d&ei=40
 

Copper Shakes as Trump Drops Tariff Bombshell | Scrap Metal Prices React​

📈 Check Scrap Prices: https://iScrapApp.com/ - April kicks off with a seismic shift in U.S. trade policy — and the scrap metal world is already feeling the tremors. President Trump’s new tariffs, announced on April 2 and branded "Liberation Day," are the boldest since the 1930s. We discuss how these sweeping changes impact copper, steel, and the entire scrap ecosystem.
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


21:56
 

Trump’s Auto Tariffs: We Broke Down an F-150 to Explain Industry Impact | WSJ​

Apr 2, 2025
President Trump says cars made in the U.S. will face “absolutely no tariff,” but it’s not so simple. No car is built from 100% U.S. parts—not even the U.S.-built Ford F-150 pickup truck. Major components of the car are from Mexico, Canada and South Korea, which could all be a part of the auto tariffs.
WSJ takes a look inside a Ford F-150 to better understand Trump’s slew of new tariffs and why automakers are warning it could backfire.


7:59
 
For anyone who missed it and is interested.

LIVE: President Trump unveils new tariffs on goods imported into the U.S. — 4/2/2025​

President Trump unveils the new tariffs at a “Make America Wealthy Again” event in the White House Rose Garden.
Trump has said the tariffs are intended to be “reciprocal,” meaning they will be imposed on imports from countries that erect trade barriers on U.S. goods that the White House considers unfair.
Uncertainty over the tariffs and worries about their impact on the economy have roiled the stock market for weeks.


56:40
 

Dow futures tumble 900 points, S&P 500 futures lose 3% on Trump’s tariff rollout: Live updates​

U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

Futures tied to the Dow Jones Industrial Average lost 911 points, or 2.1%. S&P 500 futures dropped 3.4%. Nasdaq-100 futures lost 4.3%.

Shares of multinational companies tumbled in extended trading. Nike lost 7% and Apple dropped 6%. Shares of big sellers of imported goods were among the hardest hit. Five Below lost 11% and Gap plunged 12%. Tech shares dropped in an overall risk-off mood, with Nvidia off 4% and Tesla down 5%.

More:

 

Car Sales EXPLODE AS AMERICANS PREPARE FOR TARIFFS​

Apr 2, 2025

Thousands of people over the past week have gone out and purchased brand new cars and fear of the 25% tariff on future imported vehicles. But is this a good idea and the right decision? Also, what kind of effects is this going to have on the economy?


16:25
 

A Quarter Century of Containerships and Container Lines | 2000 to 2025​

Apr 2, 2025

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses how the liner lineup has hanged this century, containership construction, and the different types of containerships.


17:30

00:00 Container Lines
07:53 Shipbuilding
10:27 Changing Container Ships
How the liner lineup has changed this century https://splash247.com/how-the-liner-l...
Newbuild prices forecast to stall this year https://splash247.com/newbuild-prices...
10 Largest Container Shipping Companies in 2000 https://stusupplychain.com/10-largest...
 
pmbug

Post in thread '2025 Lunatic Fringe - Market and Trade Chat'

...
Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States
...
Click to expand...
...
 
ustr.gov

USTR Releases 2025 National Trade Estimate Report

WASHINGTON — Today, the Office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate (NTE) to President Trump and Congress. The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers.
ustr.gov ustr.gov
 

HUGE Stock Market Drop On Tariffs! What's Next?​

Apr 2, 2025

The Trump Tariffs announcement caused the Dow Jones Futures to fall 1000 points while the NASDAQ Futures fell about 4%. Will the effect of the Tariff news on the stock market be short lived, or is this the start of the popping of the AI bubble and the wildly overpriced stock market. According to the Case Shiller PE Ratio, and the Warren Buffett indicator or the total stock market market cap to US GDP, the stock market is very overpriced.


13:59
 
David Murrin (fwiw - dyodd)

Trump 16: His Trade War; Another Nail in The American Empires Coffin

Yesterday, Trump escalated his trade war to a global scale, implementing an economic policy driven by delusion—one that may well be the final nail in the coffin of the American empire. In direct contradiction to his promise to "Make America Great Again," his actions will instead impoverish...
www.davidmurrin.co.uk www.davidmurrin.co.uk
 

Trump Tariffs Set to Wipe Out Nearly $2 Trillion From US Stocks​

(Bloomberg) -- Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.

The damage was heaviest in companies whose supply chains are most dependent on overseas manufacturing. Apple Inc., which makes the majority of its US-sold devices in China, is on track to open down 7.7%. Lululemon Athletica Inc. and Nike Inc., among companies with manufacturing ties to Vietnam, are down at least 9%. Walmart Inc. and Dollar Tree Inc., retailers whose stores are filled with products sourced outside of the US, are trading at least 4% lower.

More:

https://www.msn.com/en-us/money/mar...S&cvid=515c9bbe34c94a248a99338021e9514a&ei=33
 
www.marctomarket.com

The Day After

Breaking Down and Making Sense of the Global Capital Markets with Political Economist Marc Chandler
www.marctomarket.com www.marctomarket.com
 

These are ALL MADE UP Numbers... But WHY⁉️​

Apr 3, 2025


12:25
 

You can't raise $6 trillion of revenue from tariffs & reindustrialize America: CFR's Michael Froman​

Apr 3, 2025

Michael Froman, Council on Foreign Relations president and former U.S. Trade Representative, joins 'Squawk Box' to discuss President Trump's sweeping new global tariff plan, how the Trump administration reached tariff figures for each country, impact on global trade, and more.


7:21
 

Trump Tariffs, Trade War & the UN's International Maritime Organization Tariff on Greenhouse Gases​

Apr 3, 2025 #supplychain #tradewar #tariff

In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses President Trump's Tariffs on the world, how this could lead to a trade war, and the IMO's upcoming Marine Environment Protection Committee meeting that may set a global tariff on carbon emissions.


15:40

- Trump Drops Tariff Bomb On All U.S. Imports and Higher Reciprocal Rates https://gcaptain.com/trump-drops-tari...
- Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits https://www.whitehouse.gov/presidenti...
- IMO Prepares to Finalize Decarbonization Framework That Could Reshape Global Shipping https://gcaptain.com/imo-prepares-to-...
- Tariff impact on dry bulk limited, but worse could be to come https://www.lloydslist.com/LL1153074/...
- Tariffs threaten further upheaval for embattled container shipping sector https://www.lloydslist.com/LL1153058/...
- Trump 2.0 trade policies curb ship deals for now but could spur more later https://www.lloydslist.com/LL1153069/...
- Thermonuclear’ port fee-tariff combo: Shipping ‘disaster’ or will rates go ‘ballistic’? https://www.lloydslist.com/LL1153054/...
- Further progress on IMO "net zero framework" in Working Group https://www.imo.org/en/MediaCentre/Pa...
- Carbon levy on life support at IMO as Pacifics vow to fight on https://www.lloydslist.com/LL1153066/...
- PREVIEW: Marine Environment Protection Committee 83rd session (MEPC 83), 7-11 April 2025 https://www.imo.org/en/MediaCentre/Me...
 
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