Free Republic

Does anyone remember the Freeper “CNN”? I think it stood for cringing news network. He was always talking about bringing back US jobs, manufacturing jobs especially from China. I think he’s long gone, but I’ll bet he would’ve liked “liberation day”

President Donald Trump said Wednesday that he will impose a new 10 percent tariff on all imported goods along with an additional punitive import tax tailored for each of about 60 countries that his advisers say maintain the most unfair barriers against U.S. products. The president’s long-awaited tariff plan is designed to spur a renaissance in domestic manufacturing and to fill government coffers with tax revenue, even as many economists warn that he is steering the U.S. economy toward slower growth and higher prices. “In the face of unrelenting economic warfare, the United States can no longer continue with a...

President Donald Trump on Wednesday unveiled a long-promised, sweeping set of baseline tariffs on all countries and what he described as "kind reciprocal" tariffs on nations he claimed were the worst offenders in trade relations with the U.S. "My fellow Americans, this is Liberation Day," Trump said as he kicked off his remarks in the Rose Garden, claiming the action will free the U.S. from dependence on foreign goods. "April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed and the day that we began to make America wealthy again,"...

Trump's reciprocal tariffs aim to address what the Trump administration views as persistent and unfair trade imbalances, targeting specifically the 'Dirty 15,' a group of nations including China, Canada, Mexico, Japan, Germany, and India, among others. Countries such as Canada and Mexico have already voiced their readiness to counteract, while India, Japan, and China seek diplomatic routes to soften the blow and protect their economic interests.

President Donald Trump, in an all-caps social media post early Wednesday, declared it is the nation's "Liberation Day" in advance of his making his call for sweeping tariffs official. "IT’S LIBERATION DAY IN AMERICA!" the president proclaimed on Truth Social. Trump has been referring to April 2 as "Liberation Day," saying his tariffs mean the United States will no longer be taken advantage of by trade imbalances with other nations. Trump last week announced a 25% tariff on all auto imports to begin Thursday and 25% worldwide tariffs on steel and aluminum took effect in mid-March. In March, tariffs of...

Mexican President Claudia Sheinbaum has officially caved, telling her nation’s press corps that she has no intention of escalating a trade war with the United States if President Donald Trump makes good on his promise to levee new tariffs on imports from her nation. Addressing the media on Tuesday from the National Palace in Mexico City, Sheinbaum declared that she would not pursue “retaliatory” tariffs if Trump slaps new ones on Mexican-made imports such as vehicles, agriculture, manufacturing products, and other goods. She promised on Thursday to “announce a comprehensive program, not a tit-for-tat on tariffs.” Instead, her administration will...

Ontario Premier Doug Ford said Wednesday on CNBC’s “Squawk Box” that if President Donald Trump removes tariffs, Canada will drop all of their tariffs. Host Andrew Ross Sorkin said, “Do you expect this to be a negotiation? meaning there has been a sense, implied or otherwise, that we’re going to hear a number, whether it’s 20% or something else, as a sort of top, and that if folks like yourself come forward and say, you know what, we’re going to take some tariffs off of this and we’re going to do this, perhaps that those tariff numbers come down?” Ford...

Every time Donald Trump has mentioned his plan to levy massive tariffs on imports into the US, there has been a widespread assumption that they will be delayed, watered down or rowed back. Today, he will reveal in the White House Rose Garden not just how serious he is about "the most beautiful word in the dictionary", but effectively call time on decades of economic globalisation. And it is still possible that he will do this by launching the equivalent of a salvo of ballistic missiles into the global trading system, with a universal tariff on all imports into the...

President Donald Trump is expected to impose tariffs on a bunch of U.S. trading partners on Wednesday as part of his "liberation day" event. The White House on Tuesday said the president would reveal even broader tariffs than he has already indicated during an event on Wednesday afternoon in the White House Rose Garden. He has already teased tariffs on Canada, China and Mexico. The president first announced tariffs on the three countries earlier this year, but delayed imposing them until April 2. Here is a list of the tariffs that are currently expected to take effect on Wednesday: Auto...

New York -- As the trade wars launched by US President Donald Trump continue to escalate, all eyes are on Wednesday. Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs that he says will free the US from a reliance on foreign goods. To do this, Trump has said he'll impose “reciprocal” tariffs to match the duties that other countries charge on US products. But a lot remains unknown about how these levies will actually be implemented. White House press secretary Karoline Leavitt said Monday that Trump would unveil his plans to...

Wall Street, the Bankers, the Hedge Funds, the multinational corporations, K-Street Lobbying firms, Democrats, Republicans, leftists, globalists, and every other segment of the financial media who define themselves through the prism of their bank accounts, need someone else to blame for the Trump tariffs; because Trump doesn’t care.It looks like the professional political class have decided to focus all financial firepower against Commerce Secretary Howard Lutnick.With the anticipated reciprocal tariffs announcement tomorrow, Liberty Day as President Trump calls it, the high-finance multinationals and Wall Street crowd are going bananas. Here come the hits against Lutnick.(Politico) -‘I don’t know anyone that...

White House trade adviser Peter Navarro estimated the U.S. would raise about $600 billion to $700 billion a year from tariffs...Economists say the true number will probably be less than half of that sum.

Israel announced Tuesday that it would end all tariffs, or customs duties, on U.S. imports — just one day before President Donald Trump was set to announce reciprocal tariffs in a Rose Garden ceremony dubbed “Liberation Day.” A joint statement by the Prime Minister’s Office, Finance Ministry and Economy and Industry Ministry said: At the directive of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Economy and Industry Minister Nir Barkat, Israel has cancelled all of the customs duties that have been levied until now on products from the US, Israel’s largest trading partner. After the approval of the...

Senator Ed Markey (D-MA) said Tuesday on CNN’s “News Central” that President Donald Trump’s tariffs “could have catastrophic economic consequences for our country.” Co-host John Berman said, “Do you know what tariffs the president is going to announce tomorrow? And do you think the president knows what new tariffs he’s going to announce tomorrow?” Markey said, “I think the president is making it up as he’s going along. I don’t think he knows. But when he calls it ‘Liberation Day,’ it could be Obliteration Day if he doesn’t act in a way that invokes the law of unintended consequences. So,...

The U.S. labor market held steady in February, with job openings, hires, and separations showing little month-over-month movement despite rising anticipation of new tariffs from the Trump administration. Job openings slipped to 7.6 million from 7.8 million in January, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). The decline was led by notable drops in retail, finance, and leisure and hospitality. Even so, the job openings rate only edged down to 4.5 percent, and hiring held firm at 5.4 million with a stable 3.4 percent rate. Economists had expected 7.6 million openings. Before rounding, openings declined...

Republicans could be poised to deal a symbolic blow to President Donald Trump’s trade policy, with several GOP senators indicating they planned to join Democrats in a Tuesday vote to block blanket tariffs on Canada. Sen. Susan Collins (R-Maine) said Monday that she plans to back the resolution led by Sen. Tim Kaine (D-Va.) that would terminate the national emergency Trump declared last month, citing fentanyl trafficking and illegal immigration. Trump has used that declaration to justify 25 percent across-the-board tariffs on America’s northern neighbor and leading trade partner — duties that Trump has threatened to start levying later this...

Canada slapped 25 percent tariffs on about 1,800 American products in March, and will implement 4,400 more on April 2, the day President Donald Trump plans to announce higher tariffs against every country that taxes U.S. imports. Many of Canada’s tariffs are bizarrely targeted at imports that are virtually nonexistent, leading critics to suspect the list has been padded with nonsense to make the Canadian response look much tougher than it really is. CTV on Sunday listed some of the “odd and obscure” imports targeted by Canada, including “flamethrowers, false beards, church bell cases, and live monkeys,” plus “manatee meat...

As Wall Street heads into a new quarter, a flurry of President Donald Trump’s tariffs are set to go into effect. That has traders on edge and has helped put US stocks in their worst first-quarter slump in years.Wall Street has been rocked with volatility this year as Trump’s tariff proposals have kept investors in a cloud of uncertainty. The benchmark S&P 500 index is down 4.9% for the year, its worst start since 2022.US stocks were mixed Monday as traders tried to stage an afternoon rally. The Dow was up by around 430 points, or 1%, reversing course after...

House Ways and Means Committee Chair Jason Smith, R-Mo., told Newsmax on Monday that President Donald Trump's tariff actions are "all about fairness."The congressman told "Newsline" that the president is correct when he points to unfair trade policies imposed on the U.S. by a long list of nations."It's time that we push back," Smith said. "The prior administration was completely out to lunch when it came to trade policy."So thankful that we have President Trump leading on the world stage in this area."Smith said no one can challenge Trump's assessment of unfair trade policies."A recent study of 132 different countries...

President Donald Trump will announce his reciprocal tariffs on Wednesday, or “Liberation Day,” in his administration’s first Rose Garden event of his second term. White House press secretary Karoline Leavitt announced Monday that Trump will make his much-anticipated tariff announcement in the Rose Garden. “On Wednesday, it will be Liberation Day in America, as President Trump has so proudly dubbed it. The Cabinet will be here for the event. It will be our first Rose Garden event of this administration,” Leavitt told reporters outside the West Wing.