Plus: NPR/PBS funding possibly threatened, Trump’s “war authorities,” and more…
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Newtariffsimposed: Yesterday,PresidentDonaldTrumpannouncedhewouldimposea25percenttariffonallimportedcarsstartingApril3,andcarpartsstartingMay3.
HalfofcarssoldtoAmericansareimported.Thosethataren’timportedincludeimportedparts,withroughly25percentofAmerican-madecarscontainingforeigncomponents.
“Sharesof ToyotaMotorCorp.dropped2%inTokyo,”reportsBloomberg.“InEurope,StellantisNV fell4.1%, ValeoSE sank5.1%, PorscheAG declined4.3%and Mercedes-BenzGroupAG dipped3.5%.Sharesof GeneralMotorsCo.weredown6.5%inpre-markettrading,while FordMotorCo. wasdown2.6%while TeslaInc.inched0.4%higher.TheMSCIWorldAutomobilesIndexhastumbled22%sofarthisyear.”Marketsdon’tlovetariffs,andtheysureashellhaven’tbeenlovingTrumpsincehe’stakenoffice.
UnitedAutoWorkersPresidentShawnFainsaysthetariffs“endthefree-tradedisasterthathasdevastatedworkingclasscommun
