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California Attorney General Sues Trump on Tariffs -First State to Sue
100% Tariffs on Teslas: Canadian PM Candidate Reveals REVENGE Tariff Plans Against MUSK & TRUMP....
AP 4 MAR 2025
Canadian candidate for prime minister Chrystia Freeland reveals her plans for strategic tariffs against the United States if she wins the office in coming days....
Trumps Car Tariffs -End of An Era For Canada/US Ties & World Allies Agree
End of An Era For Canada-US Ties, Says Carney, As Allies Worldwide Decry Trumps Car Tariffs
Canadian PM says Donald Trump has permanently altered relations, as countries around the globe insist import taxes are harmful to all, including Washington
Flight Bookings Between Canada And US DOWN 70% Amid Trump Tariff War
The Guardian 29 MAR 2025
Canadas Prime Minister has said the era of deep ties with the US is over, as governments from Tokyo to Berlin to Paris sharply criticised Donald Trumps sweeping tariffs on car imports, with some threatening retaliatory action. Mark Carney warned Canadians that Trump had permanently altered relations and that, regardless of any future trade deals, there would be no turning back.
He told reporters: The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over.
The prime minister called Trumps car tariffs unjustified, and said they were in breach of existing trade deals between the countries.
Carney said he would speak to provincial premiers and business leaders on Friday to discuss a coordinated response, with retaliatory measures expected next week.
Our response to these latest tariffs is to fight, is to protect, is to build, Carney said. We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada.
Trump announced on Wednesday that he would impose a 25% tariff on cars and car parts shipped to the US from 3 April in a move experts have predicted is likely to depress production, drive up prices and fuel a global trade war.
The US imported almost $475BIL GB3675BIL worth of cars last year, mostly from Mexico, Japan, South Korea, Canada and Germany. European carmakers alone sold more than 750,000 vehicles to American drivers.
Frances president, Emmanuel Macron, said on Thursday he had told his US counterpart that tariffs were not a good idea. They disrupt value chains, create an inflationary effect and destroy jobs. So it?s not good for the US or European economies, he said. Paris would work with the European Commission on a response intended to get Trump to reconsider, he said.
Officials in Berlin also stressed that the commission would defend free trade as the foundation of the EUs prosperity. Germanys chancellor, Olaf Scholz, bluntly described Trump?s decision as wrong, and said Washington appeared to have chosen a path at whose end lie only losers, since tariffs and isolation hurt prosperity, for everyone
Polands prime minister, Donald Tusk, said Europe would approach the US with common sense but not on our knees. Good transatlantic relations are a strategic matter and must survive more than one prime minister and one president, he said.
The European Commission president, Ursula von der Leyen, described the move as bad for businesses, worse for consumers because tariffs are taxes. She said the bloc would continue to seek negotiated solutions while protecting its economic interests.
The British prime minister, Keir Starmer, said the tariffs were very concerning and that his government would be pragmatic and clear-eyed in response. The UK does not want a trade war, but its important we keep all options on the table, he said.
One option for Canada is to impose excise duties on exports of oil, potash and other commodities. Nothing is off the table to defend our workers and our country, said Carney, who added that the old economic and security relationship between Canada and the US was over.
South Korea said it would put in place a full emergency response to Trumps proposed measures by April.
Chinas foreign ministry said the US approach violated World Trade Organization rules and was not conducive to solving its own problems. Its spokesperson, Guo Jiakun, said: No countrys development and prosperity are achieved by imposing tariffs.
The Japanese prime minister, Shigeru Ishiba, said Tokyo was putting all options on the table. Japan makes the largest amount of investment to the US, so we wonder if it makes sense for Washington to apply uniform tariffs to all countries, he said.
__________________ 6000 PLUS Cases-He's LOST ALL Heard So Far: TRUMPs Onslaught of Lawyers are 'Hitting a Wall' -Judges & Cases Lining Up Against TRUMP
France To Ask For Statue of Liberty Back -No Longer Fits 'Freedom' Under TRUMP.. AND Starmers REVOLTING Betrayal of Britain Will NEVER Be Forgiven
TRUMPs' REVENGE -Clear & Present Danger -People Who Worship at The Altar of Trump Will KNEEL, NOT STAND Up to Him
TRUMPs EXTRA TARIFFS: List of 185 Countries -UK 10% China Hit With 67% VIETNAM 90%
TRUMPs TARIFFS CHART: Full List of 185 Countries And Territories
TRUMPs TARIFFS - China Hit With 54% VIETNAM 90% No Added Tariffs For Canada
The Global Impact of TRUMPs 'Liberation Day'
AP 3 APR 2025
Trump imposed sweeping new tariffs on all imported goods and unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting that the move is necessary to combat trade imbalances and restore U.S. manufacturing.
This is Liberation Day, Trump said during a Rose Garden ceremony, holding up a printed chart of countries and their new tariff rates. For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike.
He posted on Wednesday 2 April images of the charts, describing the tariffs to be applied to 185 countries and territories around the world. The list includes China, the European Union, Vietnam, Taiwan, Peru, Nicaragua, Norway, United Arab Emirates, India, South Korea, Australia and the United Kingdom among many others.
Russia is NOT Included in Trumps New Tariffs
Trumps New Tariffs Could Trigger a NEW Recession Reminiscent of Americas Great Depression of 1929
It lasted for nearly a decade. It is considered one of the worst economic periods in history, with a peak unemployment rate that included an estimated 12,830,000 persons out of work in 1933 alone.
Other countries including Germany and Britain also suffered economic declines during this period.
Trumps Speech is The Most Economically Illiterate I have Ever Heard.
__________________ 6000 PLUS Cases-He's LOST ALL Heard So Far: TRUMPs Onslaught of Lawyers are 'Hitting a Wall' -Judges & Cases Lining Up Against TRUMP
France To Ask For Statue of Liberty Back -No Longer Fits 'Freedom' Under TRUMP.. AND Starmers REVOLTING Betrayal of Britain Will NEVER Be Forgiven
TRUMPs' REVENGE -Clear & Present Danger -People Who Worship at The Altar of Trump Will KNEEL, NOT STAND Up to Him
TRUMP TARIFFS-His 'Empires' Falling as 1st US Car Co. STOPS Production
When Empires Fall: British Columnist Aghast at Single Stupidest Thing Trump Has Done
Tariff Trickle Down: Production Already STOPPED at US Car Company
AP 3 APR 2025
TRUMPs Empire is Falling - By His OWN Pen
The US car company Stellantis has announced that it will stop producing vehicles at plants in Mexico and Canada as Donald Trumps tariffs take effect
Ian Dunt, a columnist for the British publication iNews, found himself shocked and aghast at the economic self destruction that Donald Trump is levelingon his own economy
In his latest piece, Dunt remarked of Trumps big tariff announcement this week that this is what empires look like when they fall and then went on to describe damage being done by the president.
This might be the single stupidest thing any of us will ever see, Dunt argued. It is stupid in every way, presentationally, intellectually, politically, methodologically, morally and of course economically. The word stupid doesnt really suffice for the full level of idiocy
Dunt found himself particularly appalled by the chart that Trump showed that contained wildly inflated figures about the tariffs foreign nations slap on American products.
Trump announced a 25% tax on automobiles, and according to one host, Trumps tariffs are already hitting Americans.
Business and data correspondent Brian Cheung explained that Stellantis, which manufactures Jeep, will have ripple effects to even their US operations.
About 900 U.S. employees at Stellantis plants are getting laid off this week. In Canada, about 4,500 hourly workers are being cut
Again, this is something that we have been warned about when it came to the auto tariffs, which, by the way, were announced last week said Cheung. The auto tariffs are a bit separate from what was announced
But nonetheless, it would be a 25% tariff on any sort of automotive product that is imported into the United States, which could include exactly those that are made in plants, like in Mexico and Canada.
But you are seeing the intertwined nature of it, such that when they shut those down, they have to shut down the stamping plants as well.
The US auto industry is DOOMED as most cars and /or their parts are made in Mexico and shipped to the US
PLUS
Trumps Tariffs Spark Market MELTDOWN
--Wall Street in Full Blown PANIC as Stock Meltdown Spirals? TRILLIONS Wiped From Economies
A stock market rout on Thursday plunged on major index into bear territory after Donald Trumps tariffs sparked fears of a HUGE US and global recession.
Wall Street was awash in red after Trump unveiled steeper than expected tariffs on Wednesday. For every stock that gained value, ten were losing ground. For most stocks, it was the biggest down day since Covid.
It got worse as the day wore on. By 2pm in New York, the S&P 500 was down 4.15 percent, the Nasdaq down 5.3 percent and the Dow Jones 3.27 percent.
The small cap Russell 2000 index a key benchmark for smaller, US focused businesses plunged 5 percent to hit a 52 week low.
On Wall Street, a 10 percent drop signals a correction, while 20 percent marks a bear market. The S&P 500 and Nasdaq remain in correction territory, with the Dow Jones hovering just below that threshold.
Individual stocks took an even bigger battering. Five Below and Wayfair were down 29 percent. Ralph Lauren, Dockers and Dell down 17 percent. Nike was down 12 per cent. Apple down 8 per cent.
Trillions of dollars was wiped off the value of US stocks a blow that will also hit ordinary Americans whose retirement savings, including 401K are tied to the market.
Childish, Irresponsible DUMB TRUMP May have just caused the start of a HUGE historical US and global recession... by the stroke of a pen
Tariffs-ANGRY GOP; 'HE Made a Mistake' & America Will PAY, So Will US Farmers
Really Big Deal: Chinas Response to Trump Will Really Hurt US Farmers
'HE Made a Mistake': Trumps Trade War Sends GOP Into Frenzy as The Numbers of Republicans Against Him Are Growing
Trumps STUPIDITY on TARIFFS Send ANGRY Republicans Into a Tailspin
AP 4 APR 2025
We turned out to be the loser - Financial analyst blasts Trump over his economic fiasco
Fear, trepidation and loathing are now, seemingly, Americas top exports. Just ask Senate Republicans.
A day after Donald Trump slapped a 10% tariff on most every U.S. import, some in the GOP are freaking out.
I cant stand talking to more than one person, Sen. Jerry Moran R KS scolded a congressional reporter Thursday afternoon before answering Raw Storys tariff question while waiting for a Capitol underground tram to arrive. I would have expected more targeted tariffs to meet the needs of where countries are taking advantage of us, and perhaps a more modest approach in the amounts.
The tariffs have some Senate Republicans publicly complaining. Thats NEW.
While a mere four Senate Republicans voted against Trumps Canadian tariffs Wednesday eve, that measure was largely symbolic. On paper, at least.
In reality, theres a crack in the facade. And some Senior Republicans a number that will grow if the markets keep nose diving and U.S. allies keep fuming have had enough already and are vocally opposing Trumps tariffs.
Chinas Response;
China responded to Donald Trumps trade war threats with its own 34 percent retaliatory tariffs on all U.S. goods, and a CNN correspondent warned that farmers could be hit hard by the move.
This is significant, said Marc Stewart. Im going to put that in boldface type. This is a really big deal, these tariffs, these 34 percent tariffs on all American imports are the fight back that China said it would do if pressured by the United States. These additional tariffs, because there are already tariffs of anywhere from 10 percent to 15 percent already in place.
These tariffs will certainly hurt the American economy in the sense that they will really hurt the heartland of America, as in Americas farmers right now. If we look at all of the products that China imports in from the United States, soybeans topped the list.
Soybeans are needed here in China because they are the ingredient that fuels the pork industry, which is one of the top commodities in this part of the world. So these additional tariffs are very strategic in the sense that they will hit farmers in the middle part of the United States.
AND... EU Has a VERY Strong Plan to Retaliate on Trump Tariffs, Says Commissioner Ursula Von der Leyen
Ursula Von der Leyen
Trump, who has upended eight decades of certainties about the transatlantic relationship since taking office, has threatened tariffs on goods from around the world from Wednesday. His administration in March put tariffs on imported steel and aluminium and said higher duties on cars would come into effect
Von der Leyen, speaking to the European parliament on Tuesday, said the next sectors facing tariffs would be semiconductors, pharmaceuticals and timber.
She said Europe has not started this confrontation. We do not necessarily want to retaliate, but if it is necessary we have a strong plan to retaliate and we WILL use it she said.
After the announcement of the steel and aluminium tariffs in March, the commission said it would impose countermeasures on up to ?26bn of US goods. These include the reimposition of tariffs on $4.5bn of US goods, such as jeans and Harley-Davidson motorbikes, which were suspended during the presidency of Joe Biden.
The measures are due to be implemented in mid April, after the EU executive chose to delay the initial 1 April date in order to align them with other steps and fine tune the EU position among the 27 member states.
The EU executive is consulting member states over a SECOND tranche of tariffs, worth around ?18bn, covering steel, aluminium, poultry, beef, seafood and nuts.
Unfortunately its the American people that will pay the most, caused by a man that doesnt really comprehend the GLOBAL world of finance
Trump reveals $5 million gold card with his face on & It will cost you $5million. It's pathetic and so is he
DUMB TRUMP Says 'Take Medicine' as Global Markets Plunge Even More
Markets Plunge as Tariffs Create Global Shockwaves - Hong Kong Falls 13.22%
European And Asia Stock Markets Plunge as Trumps Tariffs Cause HUGE Slump
The global fallout from Trumps tariffs on US imports goes on, with stock markets in Asia plummeting overnight. But he has defended his policy, arguing that 'Sometimes You Have to Take Medicine to Fix Something'
BBC 7 APR 2025
Defiant Trump vows to stay course on tariffs - BUT The fallout will be messy for Him and the US
Markets Plunge Over Tariffs
Hong Kong exchange closes after worst day in 28 years
Hong Kong stocks the Hang Seng Index has now ended 13.22% down. It has been dropping across the day since the market opened.
This is the biggest drop since the 1997 Asian financial crisis
Its not just share prices - commodities like oil are falling too
While all the focus has been on the dramatic stock market falls, the prices of commodities such as oil and copper have also been sinking.
Why are they falling? Well demand for things like oil and copper tends to increase when the global economy is doing well, as more oil is needed to provide energy and copper is a key component for many industries.
However, the worry is now that the US tariffs will slow global economic growth, or maybe even trigger a recession. This will reduce demand for these commodities, hence the recent fall in their prices.
The price of benchmark Brent crude oil fell about 10% last week, and it?s dropped a further 4% this morning to $63.04 a barrel. The price of copper fell about 6% in early trade on Monday before recovering some ground.
While all the focus has been on the dramatic stock market falls, the prices of commodities such as oil and copper have also been sinking.
In Asia, Americas friends are suffering almost as much as China
China may have been the key target of Donald Trumps latest tariffs, but judging from the market reaction, Americas friends such as Japan, South Korea and Australia are suffering almost as badly as Beijing.
Since last Thursday, shares in carmakers such as Toyota, Honda and Nissan have been falling sharply due to the 25% levy on all imported cars into the US.
Japans banking shares are also hit, as economists say it is highly unlikely for the country?s central bank to be able to raise the cost of borrowing due to the significant impact on Asias second biggest economy.
Prime Minister Shigeru Ishiba has repeatedly emphasised that Japan is the biggest foreign direct investor in the US and therefore should be able to enjoy an exemption from some of the tariffs.
But so far, Tokyos negotiations with Washington have not been successful.
As we witness what many are describing as a bloodbath in world stock markets, there are some particularly gory casualties.
Shares in UK headquartered but internationally exposed banks have seen some of the sharpest falls of all.
HSBC and Standard Chartered, which are at the intersection of trade between east and west, have been hammered with shares in both down over 10% at one time overnight before recovering some of their losses when London markets opened.
Banks like Lloyds and NatWest are often seen as proxies for the prospects for the UK economy and are also down over 5% this morning signalling the increasing chances the economic shock unveiled by Donald Trump could usher in a recession.
Meanwhile, key commodities like copper and oil are also flashing red on fears for a global economic slowdown.
More than one market commentator tells me that Donald Trump is having his Liz Truss moment when markets lose confidence in the direction and competence of economic policy makers like him.
When that applies to the worlds biggest economy and biggest customer on the planet, the fear is universal....
GLUCK GLUCK, GLUCK GLUCK, & DUCK Whilst 'DON' Trump The Destroyer is About...
Trump Hailed as 'Destroyer of America' on Russian State TV
Destroyer Trump Threatens China With NEW 50% Tariff as US Rallies to Get Him OUT
Trump 'Destroyer of America' Pledged If China Doesnt Back Down by Tuesday, He'll Slap NEW 50% Tariff on The Country Starting Wednesday, 9 April
Donald Trumps Global War Will Cause Economic Nuclear Winter Warns Billionaire Supporter as Tens of Thousands Rally Across US Against Trump at 'Hands Off' Protest
Billionaire hedge fund manager Bill Ackman was a supporter of Donald Trumps bid for the White House but has now demanded tariffs be scrapped in order to prevent an Economic Nuclear Winter
AOP 7 APR 2025
Trump took to Truth Social on Monday morning to attack China and issue new trade threats.
Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation
Despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set, Trump promised, with randomly capitalized words.
Additionally, all talks with China concerning their requested meetings with us will be terminated he threatened.
Meanwhile, he promised that negotiations with other countries that have requested it will move on as planned.
ANTI Trump Protests Across America & The WORLD
Millions Rally ACROSS The WORLD Against Trump
AND;
How Do You Deal With This? RAGE as Trump Says He's Crashing Market On Purpose =Then HE Will Make MORE Money
DUMB TRUMP Backtracks AGAIN-Announces 90 Day Pause on Tariffs-EXCEPT China
DUMB TRUMP Realises He COKKED Up & Announces 90 Day Pause on Tariffs
Facing a global market meltdown, Trump announces 90 day pause on tariffs EXCEPT for China -raised to 125%
AP 9 APR 2025
Preening and praising himself, Trump said: Based on the lack of respect that China has shown to the Worlds Markets,
I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately
Trump announced receiving $5BILLION per day from my tariffs....''''
In a significant climb-down by the US president, he said he would delay his highest levies on countries that had not retaliated. However, he would hike tariffs on China to 125pc with immediate effect.
It comes just days after Bill Ackman, a Wall Street billionaire who backed Mr Trump?s election, urged the President to call a 90 day time out to make trade deals or risk a self-induced, economic nuclear winter
He added that because over 75 countries want to negotiate deals with the US, he had authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.
Wall Street surged on the news, with the S&P 500 now up 7.5pc and the Nasdaq up 9.6pc.
Hours earlier, Mr Trump had urged investors to buy stocks.
THIS IS A GREAT TIME TO BUY.. Mr Trump on Truth Social, his social media site. BE COOL Everything is going to work out well. The USA will be bigger and better than ever before
China announced a tariff hike on US imports to 84pc from 34pc, shortly after Mr Trumps punitive 104pc tariffs on Chinese imports kicked in this morning.
China WONT BACK DOWN and said 'We will fight US bullying... andfight to the end'
__________________ 6000 PLUS Cases-He's LOST ALL Heard So Far: TRUMPs Onslaught of Lawyers are 'Hitting a Wall' -Judges & Cases Lining Up Against TRUMP
France To Ask For Statue of Liberty Back -No Longer Fits 'Freedom' Under TRUMP.. AND Starmers REVOLTING Betrayal of Britain Will NEVER Be Forgiven
TRUMPs' REVENGE -Clear & Present Danger -People Who Worship at The Altar of Trump Will KNEEL, NOT STAND Up to Him
FED Reserve Ready To Act To Stabilise Market After TRUMP Tariff CHAOS
FED Reserve Absolutely Ready to Help Stabilise Market If Needed, Top Official Says
Federal Reserve Prepared To Inject Firepower, Stabilize Markets
US central bank prepared to act with various tools, Susan Collins says
The Financial Times 12 APR 2025
China Says Trump is Making America a Laughing 'Stock' In The World
The Federal Reserve says its ready to inject liquidity into the financial system if markets break down further. That came straight from Boston Fed President Susan Collins, who told the Financial Times that the central bank would absolutely be prepared to act if the situation turns any more chaotic.
But she said the central bank does have tools to address concerns about market functioning or liquidity should they arise
We have had to deploy quite quickly, various tools she told the Financial Times, referring to past interventions to address chaotic conditions in markets. We would absolutely be prepared to do that as needed.
Collins remarks come amid a week of intense turbulence in US markets after Donald Trump launched a global trade war, triggering fears of recession. Selling that began in Wall Street stocks last week has now cascaded into the $29TRIL Treasury market, which sits at the heart of the global financial system.
The Boston Fed chief spoke to the FT as another top US central bank official, the New York Feds John Williams, warned that Trumps tariffs could send inflation sharply higher, push up unemployment and significantly weaken the countrys economic growth.
Trump appears to be looking after his own 'interests' rather than the outcome
A Joke: Despite DOGE, Gov. spending under Trump vs. Biden up $154 billion this year, WSJ reports
Trumps Causing CHAOS at Ports- NO Tariffs Collected Due to WRONG US Paperwork
Its a MESS: Trumps Tariffs NOT Being Collected After Major Glitch Hits Ports
Trumps Tariffs Are Causing CHAOS at Ports & Will Increase Paperwork For U.S. Companies Who Are Suffering Tariff Whiplash.
Why Trumps Idol, McKinley, Abandoned His Own Tariff Strategy
MSNRAW 15 APR 2025
Trumps draconian new tariffs regime is now being delayed due to a glitch that has arisen at U.S. ports, in the latest blow that threw even more uncertainty into how markets and international trade are functioning.
An alert sent out to shippers from U.S. Customs and Border Protection notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this weeks whipsaw in tariffs
Any trade from nations now under the 90 day pause put in place by the Trump administration reported Lori Ann LaRocco. The alert explained that U.S. Customs discovered that the entry code for U.S. shippers to use to have their freight exempted is not working and the issue is being reviewed.
Normally, when a U.S. importer pays for their freight, they file both the cargo release forms and their financial papers, so they can pay for their cargo. To keep the cargo moving, Customs is advising importers to file the cargo release form now, and file the financial form later, once the glitch is corrected, said the report. For now, that means the tariffs are not being collected by the U.S. government.
Shippers are expected to follow up with federal officials to pay the back tariffs once the issue is resolved
Its a MESS, to simply state it, Dewardric McNeal, managing director and senior policy analyst at Longview Global with a focus on international trade, foreign affairs and defense, told the outlet. I dont think it will slow down goods. But it will increase the paperwork for the U.S. companies who are suffering tariff whiplash.
These companies will need to refile that at a later date. Trade will flow but at greater SLOWER complexity.
DUMB TRUMP, when informed, realised his COKK-UP and EXEMPTED smartphones, computers and other electronic devices imported from China....DUH.....
Trumps Idol, McKinley, Abandoned His Own Tariff Strategy
California Attorney General Sues Trump on Tariffs -First State to Sue
California Attorney General Sues Trump on Tariffs
California is First State to Sue Trump on Tariffs
Its Gov. Gavin Newsoms most direct move against Trump since he retook office.
AP 16 APR 2025
SACRAMENTO, California Gov. Gavin Newsom is suing Donald Trump over tariffs in an aggressive move to end the presidents stranglehold on global commerce.
Newsoms lawsuit, announced Wednesday morning with California Attorney General Rob Bonta, is the first challenge from a U.S. state against Trumps signature foreign policy cudgel.
California, the worlds fifth largest economy, stands to lose billions to tariffs with major state industries from Silicon Valley to agriculture heavily dependent on global trade.
Trumps unlawful tariffs are wreaking chaos on California families, businesses, and our economy driving up prices and threatening jobs, Newsom said in a statement. We're standing up for American families who cant afford to let the chaos continue.
The lawsuit is Newsoms most direct legal challenge to Trumps agenda since the president retook office in January. The move instantly reignites Californias war with Trump and cements its place atop the resistance, after Newsom spent months appealing to the president for federal disaster relief, which Trump refused.
Its also notable as a unilateral challenge, underscoring the singular importance of the issue in California. Bonta has worked closely with other blue states on previous lawsuits challenging Trumps immigration policies and federal funding cuts.
Gavin Newsom is spending his time trying to block President Trumps historic efforts to finally address the national emergency of our countrys persistent goods trade deficits, White House spokesperson Kush Desai told POLITICO
Newsom and Bontas argument targets the International Economic Emergency Powers Act, the law Trump is using to impose tariffs without congressional approval. The two Democrats argue Trump lacks the authority to levy tariffs under the law, mirroring a similar case filed Monday by a group of U.S. businesses.
Trump is the first president to impose tariffs using the act, which authorizes the president to regulate financial transactions and foreign assets during emergency circumstances. He has defended the move by asserting America?s trade deficits with other countries pose a national emergency.
Bonta, however, said the widespread economic fallout and sharp stock market declines from Trumps whiplash approach on tariffs pose near daily threats that exceed the bounds of presidential power outlined in the law.
The Presidents chaotic and haphazard implementation of tariffs is not only deeply troubling, its illegal, Bonta said in a statement. Trump has both threatened tariffs on some nations only to pull back at the 11th hour
Back in California, Newsom has scrambled to distance his state from Trump in hopes of fortifying Californias economy. On Monday, he launched a tourism campaign aimed at attracting skittish Canadian visitors back to state beaches and national parks.
Hes also leveraging the states economic prowess as well as its outsize influence over tech policy and climate standards, among other major industries in hopes of forging strategic alliances with countries eyeing retaliatory measures on U.S. goods.
Newsom earlier this month asked world leaders to spare California made products like almonds, wine and Hollywood flicks from retaliatory tariffs.
WHERE AM I?
Newsom would certainly make a better President than Trump has ever been
California Attorney General Sues Trump on Tariffs -First State to Sue
Trumps Car Tariffs -End of An Era For Canada/US Ties & World Allies Agree
1..
TRUMPs EXTRA TARIFFS: List of 185 Countries -UK 10% China Hit With 67% VIETNAM 90%
TRUMP TARIFFS-His 'Empires' Falling as 1st US Car Co. STOPS Production
Tariffs-ANGRY GOP; 'HE Made a Mistake' & America Will PAY, So Will US Farmers
It's pathetic and so is he
DUMB TRUMP Says 'Take Medicine' as Global Markets Plunge Even More
DUMB TRUMP Backtracks AGAIN-Announces 90 Day Pause on Tariffs-EXCEPT China
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