Pres. Trump is saying that:
- Will announce tariffs on autos, aluminum, and pharmaceuticals in the near future
- Tariffs will keep US taxes low.
- Won’t be long before state will be running education. Process ha already begun
- Hopes for lower interest rates
- Energy prices are coming down
- We are dealing with people in Greenland who want something to happen. Greenland is important for national security.
- Going to have to get a brand new air trafric system
- He was very concerned about the economy six months ago
Meanwhle, commerce Sec. US Commerce Secretary Lutnick is saying:
- April 2 tariffs announcements will launch the external revenue service
Secretary of State US Sec. of State Rubio:
- Russia war has to and through negotiation
Treasury Sec Bessent:
- interest rates are going to keep declining as energy costs for
OK…. Taxes will remain low (…while prices move higher?). There is no doubt Trump has no interest in raising taxes. However, costs from tariffs will impact cost of goods. Is the spaghetti being shuffled around the plate? Who does it benefit the most? Those that spend more of income on goods and services are the one’s most likely hurt if the level of prices goes higher as a result.
Also, the White House confirmed to CNBC Javers the new 25% tariffs on countries that do business with Venezuela will be on top of other tariffs. China tariffs will therefore go to 45% on April 2.
