US EditionCOMMENTARY: Tariffs, tribute, bootleggers and Baptists
- President Donald Trump has announced new 25 percent tariffs on trucks, cars, and parts, citing national security concerns regarding outsourcing production, stating it threatens to impair U.S. National security.
- Trump also mentioned a 2019 report by Wilbur Ross highlighting the automotive sector's importance for defense and technological innovation, noting the weakness of the U.S. Auto industry.
- To avoid the tariffs, companies must produce cars in America, enforcing tariffs to help the U.S. Auto industry recover from outsourcing.
- A proposed sovereign wealth fund utilizing U.S. Treasuries could bolster domestic production and support U.S. Manufacturing, as suggested in a report due on May 3.
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The real reasons behind Trump’s constantly bouncing tariffs
Since resuming office, President Donald Trump has not for one minute parted from his promise to leverage tariffs to ignite a new “golden age.” At times, he seems to be working continually to stimulate major trading partners into arrangements that make America great again. However, anyone attempting to follow the bouncing tariff proposals may get dizzy. What is the president trying to do, and why does it seem so hard to make final decisions? To w…
·Walnut Creek, United States
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Coverage Details
Total News Sources4
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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