Trump's tariff on cars and Michael Waltz's role in Signal group chat: Morning Rundown
Trump's foreign cars tariffs. April 2 “Liberation Day.” Michael Waltz blamed for chat leak. Fewer weather balloons mean less accurate forecast. F1 driver shakeup.
Donald Trump announces tariffs on foreign-made cars while teasing an April 2 “Liberation Day.” National security adviser Michael Waltz emerges as a potential fall guy in the Signal group chat fallout. And what fewer weather balloons in the skies could mean for forecasts.
Here’s what to know today.
President Donald Trump announced a 25% tariff on foreign-made cars and foreign auto parts coming into the U.S., a prelude to the “Liberation Day” duties that are expected to hit next week on April 2. Car prices could increase by as much as $12,000 for some models, "a cost that will almost certainly be passed on to U.S. buyers," Autoweek said.
The expectation, Trump said, is that auto companies will relocate to the U.S. and build new sites or expand existing ones. This push to reshape the economy and bring manufacturing jobs back to the country is part of a larger gamble he's taking to cement his legacy.
This is Morning Rundown, a weekday newsletter to start your day. Sign up here to get it in your inbox.
Rating: 5