Canadian Prime Minister Mark Carney spins a tale of Automaker Stellantis temporarily shutting down auto plants in Canada and Mexico as an outcome of President Trump’s tariffs.  Unfortunately, the gaslighting by Carney might work on less intellectual SnowMexicans, but it fails here.

Stellantis, an EU centered auto company who sell Dodge, Ram (made in Mexico) and Dodge, Durango (made in Canada), have been in a deepening crisis for over a year as a result of poor brand management, poor development and weak North American sales.  In short, their cars and trucks are not selling, that’s why the CEO quit in December, and they fired and replaced the North American leadership team.  It has nothing to do with Trump’s auto tariffs against Mexico and Canada.

That said, Mark Carney used the Stellantis plant closing (Windsor) as cover to announce that Canada would match the auto-tariffs with a 25% countervailing duty against all U.S. made cars and trucks. [Prompted]

This approach only raises the ceiling for the U.S. tariffs against Canada.  Quite frankly, I’m not sure why President Trump would continue to play this game with Carney and should (for the sake of simplicity) just cancel all trade with Canada and begin an immediate embargo and border blockade.

Tell the Carney clown to stay at home, shut it all down and let the Canadians live as a sovereign nation under the rule and regulation of the EU while they continue to destroy their energy resources and import foreign workers.  It’s silly to keep entertaining Canada as if they really matter.

If it wasn’t for the national security threat they could represent on our border, Canada would likely get little policy attention from any administration.   The Trudeau/Carney’s of the world are just annoying now.  Sorry Canada, but this Carney guy is even worse than the last Prime Minister.   They won’t even say “USMCA” because it’s Trump or something.  So, Carney says “CUSMA” 😂🤣😂 Childish, silly and so typically leftist. Too funny!

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Vice President JD Vance appears on Fox News this morning to discuss the trade tariffs and the ongoing MAGAnomic trade reset.

The reciprocal tariffs and global trade rebalance are two components of a much larger MAGAnomic policy.  Tax structures to the benefit of the working-class, upward pressure on wages and expanded GDP growth are all elements of increasing the wealth of Main Street and middle-class Americans. WATCH:

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The response from the EU is exactly what we would expect to see from the end of the 80-year-old Marshal Plan.

EU Commission President Ursula von der Leyden has three big concerns with the new trade/tariff reset.  I strongly suggest everyone to read the EU concerns slowly to fully absorb decades of hypocrisy now surfacing:

#1 The EU will not be able to compete for U.S. market share with 20% general tariffs and 25% auto tariffs.

#2 The EU must deploy countermeasures against the risk of losing industrial capacity and manufacturing to the United States.

And #3 The EU must defend itself against China dumping cheap products into the EU now rejected by the USA.

von der Leyen is concerned mostly about the extremely valuable U.S. consumer being leveraged by President Trump, essentially blocking exploitation from EU and Asia. The EU will not tolerate losing access to the most valuable customers in the world, Americans.

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Here are the basic resources you need to dive into President Trump’s global trade and tariff reset.  Topline opinion at the end of the document summaries.

♦ United States Trade Representative: 397-page detailed analysis of global trade relationships with the United States. The 2025 National Trade Estimate Report on Foreign Trade Barriers (NTE) is the 40th report in an annual series that highlights significant foreign barriers to U.S. exports, U.S. foreign direct investment, and U.S. electronic commerce. This document is a companion piece to the President’s 2025 Trade Policy Agenda and 2024 Annual Report, published by the Office of the United States Trade Representative (USTR) on February 28, 2025. SEE REPORT HERE

♦ President Trump Executive Order: Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits. READ EXECUTIVE ORDER HERE:

♦ ANNEX #1 – Outlining the tariff rate per country as assigned.  SEE HERE

[SOURCE]

♦ ANNEX #2: 37-pages outlining the products that are exempted from the globally specified tariffs. The tariffs generally target completed goods, finished durable goods, not necessarily the chemical components or compounds needed if we are to manufacture or build the product in the USA.  Therefore Annex 2 provides the list of all products, chemicals, components and compounds that are exempt from the tariff program.  [SEE EXEMPTIONS HERE]

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US Treasury Secretary Scott Bessent discusses President Trump’s tariff plans, federal deficit negotiations and the efforts to extend the 2017 tax cuts with Annmarie Hordern on “Balance of Power.”

Bessent walks through a strong, focused and deliberate outline while warning other nations not to assemble any retaliatory effort, or else the tariff ceiling currently outlined is likely to go much higher.  WATCH:

SEGMENTS:
00:00- Bessent says of tariffs, “this is the number barring retaliation”
01:20- China tariff rate, potential rate
03:13- Bessent on markets: “A mag seven problem, not a MAGA problem
05:07- Potential timing of reconciliation bill
07:00 – US on Debt ‘Warning Track’ for May or June
07:45 – Bessent on raising revenues through tariffs
09:18 -Bessent discusses US soft data, sentiment
10:25 – Government agenda for the remainder of 2025, Ukraine progress, and Iran

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Senior White House Officials Taylor Budowich, Stephen Miller, and Karoline Leavitt have a discussion on Tariffs with U.S. Trade Representative Jamieson Greer.

President Trump’s trade and tariff policy is a complete restructuring and reset of the U.S. economy and manufacturing base.  The former presidential administrations (both parties) from Jimmy Carter to Ronald Reagan, to George HW Bush, to Bill Clinton, to George W Bush, to Barack Obama and forward to Joe Biden, all of them purposefully and with specific intent taking apart the U.S. manufacturing base through trade and economic policy.

The discussion below is familiar to those who have watched the MAGAnomic policy unfold.  However, for those who are only beginning to understand just how impactful these policies will have on the life of your family, this conversation begins the journey.  WATCH:

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President Trump delivers a speech at the White House outlining a global trade reset established on the principle of trade and tariff reciprocity.  [Primary Executive Order Here]  – [Executive Order Here]

“The post-war international economic system was based upon three incorrect assumptions: first, that if the United States led the world in liberalizing tariff and non-tariff barriers the rest of the world would follow; second, that such liberalization would ultimately result in more economic convergence and increased domestic consumption among U.S. trading partners converging towards the share in the United States; and third, that as a result, the United States would not accrue large and persistent goods trade deficits.”

“Put simply, while World Trade Organization (WTO) Members agreed to bind their tariff rates on a most-favored-nation (MFN) basis and thereby provide their best tariff rates to all WTO Members, they did not agree to bind their tariff rates at similarly low levels or to apply tariff rates on a reciprocal basis.  Consequently, according to the WTO, the United States has among the lowest simple average MFN tariff rates in the world at 3.3 percent, while many of our key trading partners like Brazil (11.2 percent), China (7.5 percent), the European Union (EU) (5 percent), India (17 percent), and Vietnam (9.4 percent) have simple average MFN tariff rates that are significantly higher.”

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Country-specific ad valorem rates of duty as specified in Annex I to the main Executive Order.

The tariffs generally target completed goods, not the imported chemical or component materials needed to by industry to manufacture the products domestically.  Annex II are the exemptions to the Executive Order.

I have been going through the details and will have much more soon.

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President Trump and the White House posted the following message to begin “Liberation Day.”

President Donald Trump is scheduled to end the U.S Marshal Plan for Europe, eliminating one-way tariffs eighty years after the Marshal Plan began.  President Trump is now planning to institute global reciprocal tariffs, by matching all tariff and non-tariff trade barriers and restrictions.  WATCH:

[SOURCE]

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Republican Randy Fine, a state senator, defeated Democrat and teacher Josh Weil in a special election that attracted national attention and millions of dollars. Leftist candidate Josh Weil raised almost 10 times as much money as Fine; however, with the votes counted Randy Fine won by 14 points [DATA].

Republican Jimmy Patronis also won a special election to hold this panhandle-based seat for the GOP.  The seat was formerly occupied by Matt Gaetz.  Patronis defeated Democrat Gay Valimont, who was also the party’s nominee in the 2024 general election. Patronis also won by 14 points [DATA].

Media and political punditry are noticing that neither district was won at the same margin as President Trump (roughly +30 points).  As the narrative is spun by Leftists and their professional GOPe allies, the closer margin indicates doom for republicans in the mid-term 2026 election.

BOTH FLORIDA HOUSE SEATS HAVE BEEN WON, BIG, BY THE REPUBLICAN CANDIDATE. THE TRUMP ENDORSEMENT, AS ALWAYS, PROVED FAR GREATER THAN THE DEMOCRATS FORCES OF EVIL. CONGRATULATIONS TO AMERICA!!!  ~ President Donald Trump

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Kid Rock appears on Stuart Varney show to discuss a dinner he helped organize between President Trump, Bill Maher, Dana White and himself.

According to Kid Rock the dinner went great, and everyone participating talked about the commonality of the things at the core of MAGA, economic security, border security, elimination of cultural Marxism and non-interventionist foreign policy. WATCH:

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It’s also a little funny, because Stuart Varney is apoplectic inside about the auto tariffs.

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