THREAD: brexit auto industry trump tax

TRUMP’S BOLD Defense of US Trade Tariffs Stirs Controversy

07 April 2025 — Former President Donald Trump is firmly defending the sweeping tariffs from his time in office, despite facing backlash. He argues these tariffs are vital to protect American jobs and industries, saying, “sometimes you have to take medicine.”

Critics warn these tariffs might raise consumer prices and spark retaliation from countries like China. Analysts suggest Trump’s stance could energize his base in key battleground states where manufacturing jobs matter most.

Trump supporters believe the tariffs will revive American manufacturing, even as protests against them grow in various cities. Demonstrators claim the economic impact will hit the working class hardest.

The tariff debate becomes crucial ahead of elections, shaping voter opinions and party strategies. Republican leaders are split on Trump’s policies, with some worried about possible economic fallout.

TRUMP’S Auto TAX Shock: Jaguar Land Rover Halts US Shipments

05 April 2025 — Jaguar Land Rover is pausing shipments to the U.S. due to President Trump’s 25% import tax on vehicles. This British auto giant is adjusting its strategy to cope with new trade rules. The halt aims to help the company plan for long-term responses to these tariffs.

Experts say other British carmakers might follow Jaguar Land Rover’s lead. The higher tariffs add strain on an already struggling industry facing low domestic demand and a shift toward electric cars. “I expect similar stoppages from other producers,” said David Bailey, an automotive expert from the University of Birmingham.

The Society of Motor Manufacturers and Traders (SMMT) noted a 13.9% drop in U.K.-made cars last year, with over 77% exported mainly to the U.S. Factories making models like Nissan’s Qashqai and Juke are also feeling the heat from these issues.

SMMT’s chief executive, Mike Hawes, stressed that faster trade talks are crucial for supporting jobs and economic growth in both countries as they navigate these challenges together.

TRUMP’S Trade WAR Shocks: China And EU Face Major Impacts

03 April 2025 — President Donald TRUMP announced sweeping tariffs affecting nearly all U.S. trading partners. China and the EU are hit hardest. The White House imposed a 10% tariff on all imports, with China facing an additional 34% on top of an existing 20%, totaling a hefty 54%. This move is just shy of Trump’s campaign promise of a 60% tariff on Chinese goods.

China reacted strongly, promising countermeasures against what it calls “protectionism.” The Chinese Commerce Ministry argues that trade wars have no winners and urges the U.S. to resolve differences through fair talks. Meanwhile, European nations face a blanket 20% tariff along with existing tariffs on steel, aluminum, and car exports.

Canada’s Prime Minister Carney has vowed to “fight” these tariffs as other world leaders assess their economic impact. The European Union has also promised retaliation against Trump’s aggressive trade policies. As tensions rise globally, nations brace for potential economic fallout from this escalating trade war initiated by the U.S..

TRUMP’S Bold Trade Move Shakes Global Markets

03 April 2025 — Former President Donald Trump has signed orders for “reciprocal tariffs” aimed at countries with unfair trade practices. This plan is to protect American jobs by taxing goods from nations harming the U.S. economy. It’s a major shift in U.S. trade policy, affecting many imports.

Trump calls these tariffs vital to balance foreign advantages over American manufacturers, showing his focus on American workers and industries. This aligns with his re-election strategy, emphasizing economic nationalism as a key point. Supporters see it as reclaiming economic control, while critics warn of possible retaliatory tariffs and tense international relations.

Economists are split on the effects, worried about complicating U.S. trade further and raising consumer costs if other countries retaliate. The announcement has sparked mixed reactions across political lines, showing different views on its economic impact potential.

As Trump boosts his campaign efforts, this sweeping tariff policy will be watched closely by both domestic and international stakeholders for its effects on global trade dynamics and the future direction of the U.S economy’s path forward.

STOCK MARKET Chaos: US Faces Economic Fears as Tariffs Loom

01 April 2025 — U.S. stocks took a nosedive today as President Donald Trump’s “Liberation Day” approaches, bringing potential tariffs on Canadian steel and aluminum imports. Analysts warn these tariffs could trigger a market downturn and increase recession risks. Wolfe Research has already revised U.S. growth estimates for 2025 down to 1.6%.

Retail giant Kohl’s experienced its worst trading day since 1992, with stocks tumbling by 26% after issuing disappointing guidance for the year. Investor anxiety is also heightened by an upcoming House vote on a stopgap funding bill, adding to market volatility.

The Dow Jones Industrial Average has fallen 8.3% from its peak, raising concerns about the tech sector’s performance compared to the S&P 500. Investors are bracing for further shifts as policy decisions unfold in the coming days amid fears of reduced earnings across sectors due to new tariffs and declining consumer confidence.

TRUMP’S Bold Stance on Auto Price Hikes and Global Diplomacy Revealed

31 March 2025 — President Donald Trump recently declared he “couldn’t care less” if foreign automakers hike prices due to his auto tariffs. This bold move shows his commitment to putting American interests first, despite foreign economic pressures. Trump also confirmed he won’t fire anyone involved in the Signal group chat controversy.

Internationally, Iran has rejected direct nuclear talks with Trump but is open to indirect discussions. The President has warned of military action if Tehran doesn’t agree to a nuclear deal with Washington, highlighting his strong approach to national security and diplomacy.

Trump criticized Russian President Vladimir Putin and warned of secondary tariffs on nations buying oil from Russia amid Ukraine tensions. These potential tariffs are part of Trump’s broader strategy as he nears an April 2 deadline for major tariff actions against adversaries while staying open to negotiation deals.

Domestically, Republicans face challenges as Democrats aim for gains in Florida’s Sixth District despite Trump’s past success there. Meanwhile, Trump withdrew Congresswoman Elise Stefanik’s nomination for U.N. ambassador amidst a slim GOP House majority and upcoming special elections, underscoring internal party dynamics and strategic shifts before future political battles.

TRUMP’S Tariff Moves Spark Gold Rush to Record High

28 March 2025 — Gold prices have hit a record high of $3,059. President Trump’s tariff policies have reignited trade war fears. Investors are turning to gold, a traditional safe-haven asset, as global trade tensions rise and stock markets become volatile. Trump’s new auto tariffs add to the uncertainty, driving gold prices up.

In other financial news, over 3 million Americans will see a Social Security boost in April 2025 due to the repeal of WEP and GPO under the Social Security Fairness Act. This law restores full benefits for public sector retirees and others with non-covered pensions, providing relief for many citizens.

Meanwhile, foreign institutional investors made significant net purchases worth Rs 11,111 crore on March 27. This marks the highest single-day inflows in 2025 so far. The Nifty and Sensex indices resumed their uptrend driven by strong buying in heavyweight financial stocks like HDFC Bank and Reliance Industries.

Financial expert Jim Cramer advises investors to consider GSK plc for its promising stock prospects amid growing artificial intelligence investments. With a yield of 4%, Cramer suggests that GSK could be a solid addition to investment portfolios during these uncertain times.

TRUMP’S Targeted Tarif Plan Ignites Stock Surge

24 March 2025 — Global stocks soared on Monday, fueled by gains in U.S. markets. Reports suggest President TRUMP’s tariff strategy is more targeted than expected, boosting investor confidence and risk appetite.

U.S. Treasury yields rose with the optimistic outlook on tariffs. Investors hope a targeted approach will ease potential economic disruptions. The market’s reaction shows strong support for Trump’s strategic trade policy shift.

Meanwhile, the IRS expects a significant drop in tax revenue — over 10% by April 15th — according to the Washington Post. This decline raises concerns about fiscal health and future government funding.

In currency markets, the dollar strengthened against both the euro and yen as U.S. business activity improved in March. Bitcoin analysts predict a potential surge to $110K before any major correction, reflecting ongoing interest in cryptocurrency markets.

TRUMP’S Bold Move: How NEW Tariffs Rattle the Stock Market

15 March 2025 — U.S. stocks fell sharply as President Donald Trump’s tariffs on Canada and Mexico took effect, sparking economic fears. Investors worry about the potential impact amid existing uncertainties. Analysts warn of a possible recession, urging caution in market activities.

The S&P 500 and Nasdaq composite saw major drops, hitting technology stocks hard. Companies across sectors are revising forecasts due to these new trade policies. Experts suggest these tariffs could worsen inflation and reduce consumer spending soon.

These tariffs are part of Trump’s broader trade agenda to boost U.S. manufacturing but risk retaliatory actions that may harm American businesses and consumers. The market remains bearish as analysts closely watch for policy fallout effects.

TRUMP’S BOLD 200% EU Wine Tariff Threat Sparks Trade Showdown

13 March 2025 — President Donald TRUMP has announced a potential 200% tariff on European Union wine and liquor. This decision comes in response to the EU’s proposed 50% tariff on American whiskey. The move heightens trade tensions between the U.S. and its traditional ally, the EU.

American retailers are worried about how these tariffs might affect consumers. They warn that such measures could lead to higher prices for imported goods, adding pressure to an already strained economic relationship with Europe.

The Trump administration’s approach shows a broader strategy of using tariffs as leverage in international trade talks. These actions aim to fix perceived imbalances in trade agreements with global partners. However, critics argue they may harm both businesses and consumers at home.

UK and Australia’s UNEXPECTED RESPONSE to Trump’s Metal Tariffs

12 March 2025 — The United Kingdom and Australia have chosen a diplomatic path in response to Trump’s 25% tariffs on steel and aluminum. Unlike Canada and the European Union, which opted for retaliation, the UK and Australia are focusing on negotiation. The UK’s business secretary emphasized a “pragmatic approach” to secure a broader economic agreement with the U.S.

Prime Minister Sir Keir Starmer aims to finalize a major trade deal with the U.S., reviving efforts from Trump’s previous administration. Despite being disappointed by the tariffs, London is not retaliating, as steel is no longer crucial to its economy. Australia’s Prime Minister Anthony Albanese echoes this sentiment, seeking preferential treatment similar to what was achieved in 2018 under Trump.

Australia has criticized tariffs as unjustified but refrains from imposing reciprocal measures against the U.S., aiming instead for exemption due to its significant role as an employer in America. This strategy sharply contrasts with Canada’s confrontational stance, which resulted in harsher tariff penalties from Trump’s administration.

TRUMP’S BOLD Trade WAR: Tariffs on Canada, Mexico, and China

05 March 2025 — President Donald Trump has reignited trade tensions by imposing new tariffs on Canada, Mexico, and China. These include a 25% tax on imports from Canada and Mexico and a 10% tariff specifically targeting Canadian energy products. This move is expected to provoke swift retaliation from these nations.

Trump argues that trade disputes with these countries have harmed U.S. interests. China’s national legislature criticized the tariffs, stating they damage both economies and undermine mutually beneficial trade relations. Canadian Prime Minister Justin Trudeau questioned the rationale behind the tariffs, suggesting they aim to weaken Canada’s economy.

Financial markets reacted negatively to the announcement, raising concerns about inflation and uncertainty in international trade relations. Analysts warn this could lead to broader economic conflicts affecting both U.S. and global economies.

Mexico and Canada have yet to respond publicly but are expected to address the issue soon in press conferences. Lawmakers in Congress express concerns over potential fallout from such aggressive measures while international trade organizations closely monitor the situation for its global economic impact.

TRUMP’S Trade WAR: Global Markets in Chaos

05 March 2025 — President Donald TRUMP’s recent tariffs have sparked swift retaliation from Mexico, Canada, and China. These actions have thrown financial markets into chaos, raising fears of inflation and uncertainty for businesses.

Imports from Canada and Mexico now face a 25% tariff, with Canadian energy products specifically taxed at 10%. This move has heightened global trade tensions significantly.

China responded quickly to the U.S. tariffs, escalating an already heated international dispute. A Chinese spokesperson warned that these measures could harm the U.S. economy by disrupting beneficial trade relations.

Analysts worry about potential backlash against U.S. exports as these trade disputes unfold. The situation is seen as a risky maneuver that might reshape global trade dynamics and impact both consumers and businesses in the long run.

TRUMP’S Bold Move: UK Could Dodge US Trade Barriers

27 February 2025 — Donald Trump praised UK Labour leader Keir Starmer for his effective lobbying during a recent meeting. Trump described the encounter as “tremendously productive.” This hints at a possible exemption for the UK from new US tariffs.

Trump expressed optimism, stating there is “a very good chance at arriving at a very good deal.” This suggests positive developments in US-UK trade relations. The meeting also touched on foreign policy issues, especially concerning Ukraine.

The talks could signal big shifts in transatlantic ties as both nations navigate complex political landscapes. Trump’s remarks highlight potential changes in US trade policy favoring the UK.

Such developments may have far-reaching effects on both countries’ political and economic environments, strengthening their relationship even further.

“TRUMP’S Steel Tariffs Ignite Fears Among UK Businesses”

17 February 2025 — President Donald TRUMP plans a 25% tariff on steel imports, causing unease in the UK. The move, described as “without exceptions,” has led UK shadow business secretary Andrew Griffith to urge negotiations for an exemption. The Department for Business and Trade warns these tariffs could harm UK steelmakers by allowing cheaper imports to undercut them.

A survey shows 37% of UK entrepreneurs fear increased operational costs due to TRUMP’s proposed tariffs. With the US accounting for 22% of the UK’s total exports, the potential impact is significant. Entrepreneurs worry about staying competitive amid these new financial pressures.

In response, the UK government is taking steps to bolster its steel industry through a Plan for Steel Consultation initiative. This strategy includes up to £2.5 billion aimed at protecting jobs and fostering economic growth within the sector. These efforts highlight ongoing challenges in international trade relations between the US and UK under TRUMP’s tariff policies.

TRUMP’S Bold Trade Plan Sends Global Markets Into Turmoil

14 February 2025 — President Donald TRUMP is set to announce new reciprocal tariffs on Thursday. These tariffs aim to match the tax rates other countries impose on U.S. imports. This move is part of Trump’s strategy to reshape international trade and counteract barriers that hurt American businesses.

Trump’s plan has sparked discussions among global trading partners, potentially impacting economic relations and market stability. The announcement follows a memo he signed, directing his team to calculate duties that align with those charged by other nations.

In addition to trade policy changes, the Trump administration has started workforce reductions across federal agencies, affecting recent hires in departments like Education and Energy. These actions reflect a broader agenda focused on reducing government size and boosting efficiency.

Meanwhile, Southern California faces severe weather threats as heavy rains prompt evacuations due to potential debris flows in wildfire-scarred areas. Residents are urged to stay alert as CalTrans crews work tirelessly to reduce flooding risks in affected regions.

TRUMP’S Bold Move: Ending Canadian Trade Loophole Shakes Up Business

07 February 2025 — Canadian businesses are facing new challenges as the U.S. ends the “de minimis” rule for duty-free imports. This change, driven by former President Donald Trump’s executive order, will now impose tariffs on goods that were previously exempt due to their low value.

Sheena Russell, founder of Made with Local in Dartmouth, N.S., is worried about rising costs affecting her snack food business. With the executive order taking effect next month, companies are bracing for higher expenses and more administrative hurdles.

This development comes when businesses are already dealing with various economic pressures. The end of this loophole is expected to cause a demand shock as Canadian companies adjust to the new trade landscape.

TRUMP’S Bold Trade WAR: New Tariffs Spark Economic Jitters

02 February 2025 — President Donald Trump has announced a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese products. This bold move is expected to provoke retaliation, raising fears of a broader trade war. Republicans largely support the decision, but industry groups and Democrats warn of possible price hikes that could worsen inflation.

The tariffs are likely to affect multiple sectors, sparking discussions about inflationary pressures and reduced consumer spending. Economists worry about the impact on market stability and growth. The political landscape is divided, with some lawmakers backing the tariffs as protection for American industries while others worry about international relations and domestic prices.

Analysts caution that retaliatory measures could escalate tensions further, leading to an unstable economic environment if not managed carefully. This development highlights ongoing international trade tensions with significant implications for America’s future economic stability. As this situation unfolds, it remains crucial to monitor its effects on both domestic markets and global economic relations.

UK PM Faces BACKLASH: Apologize to Trump or Risk Trade Deal?

07 November 2024 — Prime Minister Sir Keir Starmer is under pressure to apologize to President-Elect Donald Trump for past harsh words. Concerns about the “special relationship” between the U.S. and the UK are growing, especially with a potential trade deal on the line. Brexit leader Nigel Farage urged the Labour government to welcome Trump, seeing his friendship as a big opportunity for Britain.

New Tory leader Kemi Badenoch supported this view during her first Prime Minister’s Questions session. She urged Starmer to formally apologize for Foreign Secretary David Lammy’s derogatory remarks about Trump, which included inflammatory language and actions against him speaking in Parliament. Badenoch congratulated Trump on his win and asked if apologies were made during recent meetings with him.

Starmer avoided directly addressing the apology issue, describing his meeting with Trump as “constructive.” However, he did not respond to calls for an apology. His previous comments have shown anti-Trump sentiment, accusing the Tory party of following Trump’s politics by neglecting democratic principles for self-interest.

This stance raises questions about future UK-U.S relations under Starmer’s leadership if tensions remain unresolved. The situation could impact diplomatic ties and economic agreements between these long-time allies if not addressed soon.

UK-CANADA Trade Talks GRIND to a Halt: The Beef and Cheese Battle That’s Costing Billions

26 January 2024 — The UK government has unexpectedly put the brakes on post-Brexit trade talks with Canada. This sudden move follows a two-year stalemate over beef and cheese imports and exports, which began after Britain officially left the European Union.

Trade between these nations, valued at roughly 26 billion pounds ($33 billion) per year, has mostly persisted under the initial agreement made while Britain was still an EU member. However, Canadian negotiators are feeling the heat from their own beef industry and local cheesemakers. The former is pushing for access to the UK market for hormone-fed beef, while cheesemakers are raising alarms about tariff-free imports of British cheese.

The privilege of tariff-free British cheese exports came to a halt at the close of 2023 when a temporary agreement expired. This change led to a staggering 245% duty hike for British producers. Canada’s trade minister Mary Ng firmly stated that Canada “will never agree to a deal that isn’t beneficial for our workers, farmers and businesses.” Minette Batters, president of the National Farmers’ Union in England and Wales praised Britain’s resistance against hormone-fed beef imports.

Despite this hiccup in negotiations, the UK government remains open-minded about future discussions. However, any significant progress appears unlikely at present.