President Donald Trump holds an impromptu presser aboard Air Force One en route back to Washington DC.  Most of the conversation centers around the upcoming “Liberty Day” tariffs, and the Ukraine-Russia conflict.

According to National Economic Council Chairman Kevin Hassett, our President now has all the assembled data from the full review and analysis of the combined research of the MAGAnomic agencies within the White House.  The analysis combines both tariff and non-tariff trade barriers to determine exactly what costs are put upon the U.S. export companies for goods that arrive in various countries.

All of those combined costs, by country, will determine the reciprocal amount of the tariff levied by President Trump.  The announcement of tariff rates will likely come this week, with President Trump previously saying April 2nd and April 3rd being the beginning of the implementation dates.

President Trump also puts context on the headline quotes promoted by NBC news and Kirsten Welker about his consideration toward Vladimir Putin. A COMPLETELY DIFFERENT CONTEXT!  President Trump simply noted that while President Putin doesn’t like Zelenskyy, and factually calls him illegitimate, Trump needs Putin to accept Zelenskyy in order to have the other chair at the peace table filled. That’s it. Pragmatic toward peace! WATCH:

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President Trump notes that after his warning of secondary tariffs against any nation who imports oil from Venezuela, Chinese ships pulled up anchor and left Venezuelan ports empty.  Additionally, regarding Zelenskyy, President Trump notes the Ukraine President is going to face “a lot of trouble” if he backs out of the previously agreed minerals deal.

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Appearing on Fox New with Maria Bartiromo, National Economic Council Director Kevin Hassett walks through the intent of the upcoming April 2nd ‘liberation day’ tariffs.

Hassett notes the auto tariffs are likely to generationally change the dynamic of car manufacturing in the USA.  Additionally, the stock market disruption is entirely predictable against the dynamic of Wall Street -vs- Main Street. WATCH:

Today, exclusively on @SundayFutures with @MariaBartiromo, National Economic Council Director Kevin Hassett #KevinHassett spoke about President Trump preparing to announce reciprocal tariffs this Wednesday.@FoxNews pic.twitter.com/1lU8w9w0FB

— SundayMorningFutures (@SundayFutures) March 30, 2025

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Elon Musk and the primary members of the DOGE team gave a behind the scenes review of their mission to Fox News correspondent Bret Baier.  Elon Musk outlines how the Dept of Government Efficiency is on track to remove $1 trillion in excessive waste, fraud and abuse from the federal budget.

The team discusses just how excessive the fraud is within the federal spending programs as they outline finding after finding of federal spending that is often outrageous and stunning.  This is MUST WATCH television.

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Review the discoveries at DOGE.GOV HERE

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President Donald Trump talks about placing tariffs on Canadian goods.  Ontario Premier Doug Ford talks about “inflicting as much pain as possible on the American people.”  See the difference?   Tell me again how the term “snowmexicans” is insulting.  I digress.

A few thoughts.  First, apparently Doug Ford doesn’t quite understand that tariffs on steel, aluminum and auto imports are not part of the “reciprocity” tariff regime.  They are an entirely different category classified under national security directives to ensure American industrial capacity.

Second, as Canada moves into the “freedom fries” phase, voices like Doug Ford might want to consider the end of this continuum that finds the word “embargo” in the lingo. Perhaps President Trump would consider elevating the conversation to “reciprocity” in the banking sector.  Again, I digress.

Ontario Premier Doug Ford announces the Canadian government intention to “inflict as much pain as possible against the American people.”  WATCH:

Canadians just don’t get it.  Meanwhile, as it was within most of the originating negotiations of the USMCA, Mexico smartly stays quiet as stompy feet Canada draws the attention from President Donald Trump.

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Wealthy nations will attempt to maintain exports against President Trump tariffs by subsidizing their industries. Corporations have deeper pockets, and the politicians are used to the bribes, we call it “lobbying.” Therefore, the government responds by subsidizing the corporations [ie. the WEF business model].

Canada will subsidize their export industries, Germany will subsidize their auto industry, the EU will provide subsidies to their manufacturing powerhouses, and China will once again start subsidizing their manufacturing industry. Each of these nations will in turn devalue their currency.

However, poorer nations will be faster to lower import tariffs on USA goods because they have lower lobbying (bribe) income from corporations to govt. That’s what we should expect to see.

VIETNAM – Vietnam said it plans to cut import duties on a range of goods including cars, liquified natural gas and agricultural products.

[…] The announcement on the finance ministry’s website late Tuesday came less than two weeks after Prime Minister Pham Minh Chinh said the country was reviewing duties in order to encourage increased imports from the United States.

Vietnam represents the United States’s third-highest trade deficit, behind China and Mexico.

According to the finance ministry statement, import duties on some cars will be cut by half and the tax rate for liquified natural gas will drop from five percent to just two percent. Duties will also be cut for a number of other products including frozen chicken thighs, almonds, sweet cherries, raisins and wood. (more)

During President Trump’s first term, many companies proactively moved manufacturing operations from China to other nations in Southeast Asia.  Vietnam was a big benefactor of the manufacturing shift.  It is smart for them to respond to the reciprocal tariffs coming April 2nd by lowering their tariff rate.

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Commerce Secretary Howard Lutnick appears for an extensive discussion with the All In podcast.  Secretary Lutnick has been a 30-year friend of President Trump and is currently one of the most critical members of the MAGAnomic team who are executing Trump’s agenda to Make America Great Again.

Secretary Lutnick outlines the background of what makes President Trump so effective in his position, and within the discussion Lutnick notes at the core of Donald Trump is “the most intuitive person he has ever known.”  This is a casual discussion about President Trump and how Lutnick came into the administration.  WATCH:

CHAPTERS:

(0:00) Chamath and Friedberg welcome Commerce Secretary Howard Lutnick!
(1:10) Howard describes his 30+ year relationship with President Trump and his road from business to politics
(14:44) Running Trump’s transition team, DOGE origin story, what it’s like working for Trump
(38:01) Balancing the budget and fixing GDP
(52:21) Tariff history and strategy, global trade
(1:10:34) Trump Cards, building better government software, AI thoughts
(1:22:49) Sovereign Wealth Fund strategy
(1:37:16) How his family reacted to his new role

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While repeating his claim that Canada can easily replace their trade relationship with the USA by seeking larger trade relationship with other countries, specifically the EU, current interim Prime Minister Mark Carney repeats that no contact will be attempted or accepted by the Canadian government until President Donald Trump shows him respect.

This doesn’t portend favorably for U.S-Canada relations; which, to be fair, they would argue have been destroyed by President Donald Trump questioning their sovereignty.  However, here’s the kicker, what Canadians don’t seem to realize is that questioning their sovereignty is simply a strategy by President Trump to eliminate the one-sided trade relationship with Canada.

It is funny to me that Canada just can’t figure this out.

As long as Canada refuses to engage with President Trump due to a perceived lack of respect, President Donald Trump will continue to enhance his disrespect of Canada, because the absence of engagement assists his ‘total trade reset’ objective.  President Trump wants to ¹show, perhaps prove to the Canadian people, how dependent they are on their USA relationship; vis-a-vis they are already not a sovereign, economically independent nation.  WATCH:

¹Somewhere around 80% of Canadians have no concept of how their economy is functioning {GO DEEP}. Most Canadians seem to think they have some form of capitalistic system in operation and tweeking the knobs will fix things; it won’t.

So, from an American political perspective, specifically from the perspective of President Trump – as noted in all of his repeated remarks about the upcoming Canadian election – having Mark Carney carry out his policies and watching the system therein collapse, might break the borg-mindset.  It will be massively painful for Canadians when their currency hits around 0.25¢ to the US dollar.  However, that currency collapse will ¹more than eliminate any Trump tariff impact.

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If you are concerned about the economics of American life, the first step is to understand the financial influences that were put into place by President Obama, then again with Obama’s team using the auspices of Joe Biden.

President Trump is rapidly untangling the tentacles of Obama’s “share the wealth” exfiltration policy, and he will achieve success on a scale most economic analysts cannot fathom.  Traditional financial media, including those who follow the influences of Wall Street are constrained by their need to retain pretenses.  However, President Trump and his economic team are very clear-eyed and focused.

We are already seeing major drops in core energy prices including gasoline.  These decreases will have downstream impacts on all consumer goods, and we will notice a significant drop in food prices in two steps.

The first will be moderate and the result of harvest one cost decreases. The second price drop will be even greater and will come as a result in major farm costs for the second harvest sequence. By Thanksgiving 2025, lowered energy prices in combination with ‘food prepared at home’ price drops will be the leading cause of a major decline in inflation.

In the background of this domestic outcome, the April 2nd tariffs will start to ripple through durable goods.  Initially, there will be waves and fluctuations as some durable goods prices increase and other durable goods prices decrease.  The more the components of the product are domestically manufactured, the more the price of the end product will drop in price.

As a result, the aggregate downward pressure (higher domestic content) will exceed the upward pressure (higher import content component goods) and overall prices for durable goods will decline.  This deflationary pressure point will increase over time as the end of the Marshal Plan starts to return dollars to the United States.

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The example of Canadian ready-to-assemble furniture supplier Prepac is a case study in what Robert Lighthizer was discussing with Tucker Carlson yesterday.

Prepac is a furniture company that creates the pre-fab (particle board) type furniture [company here].  The company was founded and established in Canada and previously opened a second facility for manufacturing and distribution in North Carolina.

The U.S. market is their primary sales market, and facing increased uncertainty about access, tariffs and operations their best play is to close shop in Canada and move all operations to the location of their primary customer base.  Prepac is leaving Canada for North Carolina.

DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead.

According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off.

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If you appreciate and understand the background of MAGAnomic endeavor; or if you want to hear the arguments about why trade tariffs are critical to maintain American economic sovereignty; this interview with former United States Trade Representative (USTR) is for you.

USTR Lighthizer walks through the intents and purposes of President Trump’s tariff program. Lighthizer gives a historic review of U.S trade policy and outcomes.  WATCH:

Chapters:
0:00 Why Do We Need to Reinstitute Tariffs?
6:10 The Slow Death of America’s Working Class
13:35 Donald Trump’s Plan to Fix the Economy

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