Trump’s Insane Glaze Session With Clown Car Cabinet
DOGE greatly scaling back its claims of money saved, and overall spending is actually up.
https://www.youtube.com/watch?v=f_0pKOFSikw
Tag: trump
Trump’s Car Tariffs Could Drive Slovakia Into Russia’s Arms
“Slovakia has a population of just 5.4 million, yet it is one of Europe’s leading car manufacturers, heavily reliant on auto production and exports to the U.S. Home to five major car manufacturers and more than 350 local suppliers, Slovakia is not only the second-largest E.U. exporter of vehicles to the U.S., but also the biggest car producer per capita in the world.
Slovakia manufactures and exports higher-end SUVs from brands like Audi, Volkswagen, Porsche, Range Rover, and—starting in 2026—Volvo. With SUVs accounting for 46 percent of total annual auto sales in the U.S., the tariffs are likely to hurt models that are especially popular among American consumers.
According to the National Bank of Slovakia, the Slovak economy “would decrease cumulatively by nearly 3 percent” due to the new tariffs, and “would also mean the loss of 20,000 jobs.” The bank projects that Slovakia’s economy will “suffer the most in 2026, when its growth would barely stay above zero” and that by 2027, the automotive tariffs alone could reduce gross domestic product by 0.3 to 0.5 percentage points. The bank’s governor referred to the prospects of a 25 percent car tariff impact as a “small Armageddon.””
https://reason.com/2025/04/10/trumps-car-tariffs-could-drive-slovakia-into-russias-arms/
USA Trade War Escalates
Despite the tariff pullback, Trump tariffs are still very high!
https://www.youtube.com/watch?v=Dt8RGkgHKwo
Stock market today: Nasdaq falls 6%, Dow loses 1,700 points, S&P 500 drops 5% as markets crumble with Trump’s tariff war turning to China
“”The trade war is now turning into a direct confrontation between the US and China … we could again be seeing escalation and de-escalation at the same time, pulling markets in different directions,” Rabobank analysts said.
And though a wider trade war is on hiatus, risks remain to the health of the US economy, and Trump’s move is “merely the end of the beginning,” according to JPMorgan.
Other parts of the president’s trade-policy overhaul are still in effect, including a 10% baseline tariff on most trading partners, 25% duties on steel and aluminum imports, and 25% duties on auto imports. Those elements could still lead to consequences analysts have warned about, such as rising prices and slower economic growth.”
https://finance.yahoo.com/news/live/stock-market-today-dow-tanks-1300-points-sp-500-nasdaq-slide-as-focus-turns-to-trump-tariffs-on-china-133050269.html
Egg prices increase to record high despite Trump’s predictions and bird flu outbreak slowing
“U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks.”
https://finance.yahoo.com/news/egg-prices-continue-increase-despite-124116007.html
International travel is declining, and it’s costing the US: ‘It’s shaking everything up’
“Amid recent travel advisories warning those coming to the U.S. plus strengthened immigration enforcement, many international travelers are starting to turn away from the U.S. as a destination. Between January and March 2025, foreign arrivals dropped by around 4.4% from those first three months last year, according to data from the National Travel and Tourism Office. In a March year-over-year comparison, that reduction doubles to almost 10%.”
…
“Some fear for their safety over what could happen when trying to enter the nation’s borders. Others are angered at recent policies, like the trade wars, and rhetoric, refusing to spend their dollars in the U.S. A decline in overseas visitors could have significant long-term consequences for the economy, with travel and tourism one of the country’s leading industries, contributing 2.5% to the GDP”
https://www.yahoo.com/news/international-travel-declining-costing-us-090543078.html
Trump moves to hobble major US climate change study
“The Trump administration is canceling funding for the U.S. Global Change Research Program, the entity that produces the federal government’s signature climate change study, according to three federal officials familiar with the move.
The move, which had been widely expected, is a potentially fatal blow to the National Climate Assessment, the study that Congress mandated under the Global Change Research Act of 1990 be issued every four years to ensure the government understands the threats that rising temperatures pose and what is driving climate changes. The report is the U.S. government’s most comprehensive look at climate change and serves as a crucial guide to state and community efforts to prepare for the effects.”
https://www.politico.com/news/2025/04/09/trump-moves-to-hobble-major-climate-study-00280405
Trump tells countries to ax talks on shipping carbon tax, or else
“The Trump administration has upended what it calls “blatantly unfair” talks to set a carbon tax on international shipping and has vowed “reciprocal measures” to shield U.S. ships from any fees, according to a letter seen by POLITICO.
The International Maritime Organization’s Maritime Environmental Protection Conference (MEPC) is taking place in London this week and aims to reach a deal on reducing greenhouse gas emissions (GHG) from shipping.
The U.S. letter aims to block the process.”
https://www.politico.eu/article/donald-trump-scrap-maritime-decarbonization-talks/
Trump declares war on state climate laws
“President Donald Trump is throwing the weight of the Justice Department against the last bastion of U.S. climate action: states and cities.
In a sweeping executive order signed late Tuesday, Trump ordered Attorney General Pam Bondi to “stop the enforcement of State laws” on climate change that the administration says are unconstitutional, unenforceable or preempted by federal laws.”
…
“The move came as Trump presided over a White House event Tuesday aimed at reviving the coal industry, which has withered against competition from less expensive natural gas and renewables.
He pledged to a row of coal miners standing behind him that he’d direct the Department of Justice to “identify and fight every single unconstitutional state or legal regulation that’s putting our coal miners out of business.”
Some legal experts said the White House’s executive order would be “toothless,” though climate advocates worry about gambling with a judiciary dominated by conservative appointees. And in a statement, Democratic governors said Trump would not intimidate them from climate action.”
https://www.politico.com/news/2025/04/09/trump-declares-war-on-state-climate-laws-politico-00280178
EU takes revenge on Trump’s tariffs as countries approve €20B+ retaliation
“The EU can apply retaliatory tariffs on nearly €21 billion of U.S. products like soybeans, motorcycles and orange juice after the bloc’s 27 countries assented to the measures on Wednesday, the European Commission announced.
“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial,” the EU executive said in a statement.
Hitting back against U.S. President Donald Trump’s steel and aluminum tariffs, the European Union’s countermeasures will apply in three rounds. Measures covering €3.9 billion in trade will go into force next week, with a further €13.5 billion from mid-May and a final round of €3.5 billion following in December.”
https://www.politico.eu/article/eu-takes-revenge-on-trumps-metals-tariffs-approved-as-countries-close-ranks/