Balance of Power

Trump Hits Auto Imports With 25% Tariff


Listen Later

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump signed an order to slap a 25% tariff on auto imports, expanding his trade war designed to bring more manufacturing jobs to the US.

Trump said the tariffs would go into effect on April 2. The administration projects that the tariffs would result in $100 billion of new annual revenue to the US. Wednesday’s move comes before a broader announcement of reciprocal tariffs expected April 2.

“What we’re going to be doing is a 25% tariff on all cars that are not made in the United States,” Trump said at the White House on Wednesday. “We’re going to charge countries for doing business in our country and taking our jobs, taking our wealth, taking a lot of things that they’ve been taking over the years.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

  • Bloomberg Detroit Bureau Chief David Welch about the Trump Administration's planned tariffs on auto imports.
  • Former Chair of the White House Council of Economic Advisers Jared Bernstein about the impact of tariffs on the US economy.
  • Bloomberg Politics Contributor Jeanne Sheehan Zaino and Republican Strategist Chapin Fay about the immigration policies of the Trump Administration.
  • Bloomberg News SEC and CFTC Reporter Lydia Beyoud as Trump's SEC pick undergoes his confirmation hearing on Capitol Hill.
  • Former Republican Congressman and Former Air Force Intelligence Officer Denver Riggleman about the continued fallout from the Signal group chat.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Balance of PowerBy Bloomberg

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

29 ratings


More shows like Balance of Power

View all
Bloomberg Law by Bloomberg

Bloomberg Law

358 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,177 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

397 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

428 Listeners

Masters in Business by Bloomberg

Masters in Business

2,162 Listeners

Trumponomics by Bloomberg

Trumponomics

342 Listeners

Odd Lots by Bloomberg

Odd Lots

1,683 Listeners

Foundering by Bloomberg

Foundering

967 Listeners

Trillions by Bloomberg

Trillions

189 Listeners

The Journal. by The Wall Street Journal & Gimlet

The Journal.

5,850 Listeners

Here's Why by Bloomberg

Here's Why

57 Listeners

Out of Office by Bloomberg

Out of Office

31 Listeners

Wall Street Week by Bloomberg

Wall Street Week

59 Listeners

The Big Take by Bloomberg

The Big Take

155 Listeners

Listen to the Story by Bloomberg

Listen to the Story

2 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

56 Listeners

The Cable by Bloomberg News

The Cable

2 Listeners

Bloomberg Technology by Bloomberg

Bloomberg Technology

47 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

183 Listeners

In the City by Bloomberg

In the City

11 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

231 Listeners

Bloomberg Daybreak: US Edition by Bloomberg

Bloomberg Daybreak: US Edition

44 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

14 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

31 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

77 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

374 Listeners

Big Take Asia by Bloomberg

Big Take Asia

21 Listeners