Politics
Trump Vows to Impose Massive Tariffs to Protect American Car Industry
In an interview with Fox News’ Maria Bartiromo on Sunday Futures, former President Donald Trump doubled down on his economic strategy to impose steep tariffs on foreign carmakers, a plan he says is essential for protecting U.S. automakers. Trump suggested raising tariffs on foreign vehicles by 200%, or even as high as 500%, to prevent overseas manufacturers, particularly those from China and Mexico, from competing with American car companies.
“I’ll put 200 or 500%, I don’t care, until they can’t sell one car here,” Trump declared, emphasizing that his goal is to stop foreign automakers from undermining U.S. manufacturing. He stressed that allowing foreign-made cars to dominate the market could lead to the collapse of the remaining U.S. car companies.
Trump’s proposal comes amidst criticism from several quarters, including conservative outlets like The Wall Street Journal, which warned of the potential negative impact such tariffs could have on the economy. The former president dismissed these concerns, arguing that the tariffs would not only bring car production back to the U.S. but also strengthen American manufacturing.
“We have the golden market. We have the money,” Trump said, warning that without drastic action, the U.S. risks losing its economic edge in car production. His plan is part of a broader economic agenda aimed at reshoring American industries and reducing dependency on foreign goods.
News
Trump Appoints Energy Executive as Energy Department Head; Biden Heads to Amazon Rainforest
President-elect Donald Trump has named Chris Wright, an oil and gas executive, to head the US Energy Department. Wright, the founder and CEO of Liberty Energy, is known for his scepticism regarding climate change and is expected to advance Trump’s agenda of increasing fossil fuel production.
Trump praised Wright in a statement, describing him as a “key leader, driving innovation, cutting red tape, and ushering in a new Golden Age of American Prosperity and Global Peace.” The president-elect also announced that Wright will serve on a newly formed Council of National Energy, which aims to guide the United States toward energy dominance through deregulation and encouraging private sector investments.
In related news, Trump’s campaign revealed that Will Scharf, one of the president-elect’s personal lawyers, will become the assistant to the president and White House staff secretary. Trump highlighted Scharf’s legal expertise, referring to him as a “highly skilled attorney who will be a crucial part of my White House team.”
Scharf notably represented Trump in a Supreme Court hearing on presidential immunity, where the court ruled that Trump was partially immune from prosecution for actions taken during his presidency. In his new role, Scharf will manage key documents, including reports and briefings for the president.
Meanwhile, President Joe Biden is set to visit the Amazon rainforest later today, where he will engage with Brazilian indigenous leaders. This visit underscores his administration’s commitment to environmental and conservation efforts on a global scale.
News
Trump Announces Key Appointments: Elise Stefanik as UN Ambassador, Tom Homan as Border Tsar
President-elect Donald Trump has unveiled two significant appointments as he prepares for his return to the White House in January. Elise Stefanik, a 40-year-old New York Congresswoman, has been confirmed as Trump’s choice for the role of U.S. ambassador to the United Nations. Additionally, Trump has appointed Tom Homan, 62, to be his “border tsar.” Homan previously served as acting director of Immigration and Customs Enforcement (ICE) during Trump’s first term.
This move comes as the Republican Party inches closer to securing full control of Congress. The GOP has already captured a majority in the Senate and is three seats away from winning the House of Representatives. The Republicans currently hold 215 seats, while Democrats have 210. Control of the 218-seat majority in the House would grant Republicans significant legislative power, including initiating spending bills and launching impeachment proceedings.
Trump took to his Truth Social platform to announce Homan’s appointment, saying, “Tom Homan will be in charge of our Nation’s Borders (‘The Border Czar’), including… the Southern Border, the Northern Border, all Maritime, and Aviation Security.” Trump emphasized Homan’s role in deportation efforts, adding, “Congratulations to Tom. I have no doubt he will do a fantastic, and long awaited for, job.”
News
Biden to Host Trump at White House for Transition Talks Next Week
President Joe Biden has invited President-elect Donald Trump to the White House for a meeting in the Oval Office next week. This tradition of sitting presidents welcoming their successors has been observed for decades, though it was notably absent in 2020 when Trump did not extend the invitation to Biden.
These meetings typically focus on the transition period and key considerations for establishing a new administration. During their sessions, outgoing and incoming presidents often discuss both domestic and foreign policy and emphasize a smooth transition of power.
In 2016, President Barack Obama hosted Trump and later said they agreed to collaborate for the good of the country. Similarly, when President George W. Bush met President-elect Obama in 2008, they talked about economic and security matters, while Laura Bush and Michelle Obama explored the White House grounds.
This upcoming meeting between Biden and Trump marks a significant step as the nation prepares for the presidential transition.
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