NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Trump’s inconsistent trade decisions have created a turbulent start to March that is unlikely to calm down anytime soon.

Trump’s inconsistent trade decisions have created a turbulent start to March that is unlikely to calm down anytime soon.

With Trump's zigzag actions on trade, March came in like a lion and won't be going out like a lamb
Up next
Real Madrid get big opportunity to sign Trent Alexander-Arnold for free
Published on 15 March 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


WASHINGTON – A gobsmacked planet is wondering what’s next from President Donald Trump on the tariff spree he’s set in zigzag motion.

In recent weeks, Trump has announced punishing tariffs against allies and adversaries alike, selectively paused and imposed them, doubled and then halved some, and warned late in the week that he’ll tax European wine and spirits a stratospheric 200% if the European Union doesn’t drop a 50% tariff on U.S. whiskey.

His ultimate stated goal is clear: to revive American manufacturing and win compromises along the way. But people and nations whose fortunes rise and fall on trade are trying to divine a method to his machinations. So far, he’s spurred fears about slower growth and higher inflation that are dragging down the stock market and consumer confidence.

“His tariff policy is erratic, more erratic than April weather,” Robert Halver, head of capital markets analysis at Germany’s Baader Bank, said from the floor of the Frankfurt stock market. “So, there is no planning certainty at all.”

The same goes for Exit 9 Wine & Liquor Warehouse in Clifton Park, New York, where owner Mark O’Callaghan is waiting to see if the prohibitive taxes on European wine — over a third of his business — really happen. He’s mindful of Trump’s seemingly whack-a-mole approach on which countries and goods to hit and how hard.

“It changes by the hour now, right?” O’Callaghan said. “You know, it’s hard to navigate and manage, and everything changes so quickly.”

In Canada, generations of political leaders took it as a point of pride that their country and the U.S. share the “world’s longest undefended border,” as they liked to say. No more.

Trump unifies Canada

Trump’s sweeping taxes on Canadian imports come in the context of his wanting the U.S. to absorb its neighbor, an ambition that has united Canadians of the left and right in seething anger. A recent Nanos poll found that the vast majority of Canadians say their opinion of the United States has sunk from a year ago.

“The Americans want our resources, our water, our land, our country,” Prime Minister Mark Carney said days before his swearing-in Friday. “Think about it. If they succeed, they will destroy our way of life.”

Canadian Foreign Affairs Minister Mélanie Joly said: “If the U.S. can do this to us, their closest friend, then nobody is safe.”

Trade wars sparked by retaliatory and escalating tariffs typically form in the grind of legislation, as happened with the Smoot-Hawley Tariff Act nearly a century ago. This round comes from Trump’s executive actions, with Congress passive, and can change like the weather, or perhaps even his moods.

That’s how March came in like a lion.

Watch your manners

Personal pique is part of it all, suggests Commerce Secretary Howard Lutnick. “If you make him unhappy, he responds unhappy,” he told Bloomberg TV, explaining that Trump didn’t like it when a variety of countries targeted with new U.S. tariffs retaliated with tariffs of their own.

Nor was Trump content when Canada did not show “immeasurable respect” for his trade grievances, Lutnick told CBS News. “Say, ‘Thank you, I want to work it out with you,’” he added, as if advising Ottawa on how to be properly deferential. “’I want you to be happy.’”

Trump himself said of Canada, “We don’t need anything that they have.” Canada is the largest foreign supplier of steel and aluminum to the U.S. and a key source of energy, cars and car parts via the integrated North American auto industry, food, critical minerals, fertilizer, lumber and more.

His stop-and-start tariffs have shaken the stock market, yielded some concessions and induced whiplash across industries and countries:

— Heavy taxes on Canadian and Mexican products were announced, shelved for a month — one day away from taking effect — imposed, then two days later adjusted to exempt, for now, a range of goods covered under the North American trade pact renegotiated in Trump’s first term. Trump’s aides say the reason for those tariffs is to end fentanyl smuggling and illegal immigration, though the president also wants to close the trade deficit with America’s two largest trade partners.

— Trump stuck with his new tariffs on China, imposing a 10% penalty then doubling it, drawing retaliatory tariffs of 15% on U.S. farm goods this past week. The U.S. tariffs are also about fentanyl.

— The prevailing tensions between Canada and the U.S. flared when Ontario, the most populous province, retaliated against the U.S. duties with an announcement that it would add a 25% surcharge on electricity it exports to several states.

Trump, who now belittles Canadian sovereignty at every turn, immediately threatened to slam Canada with a 50% tax on steel and aluminum. He then pulled back to a still-hefty 25% when Ontario backed down, in a drama that played out over mere hours.

But Wednesday, the global U.S. tariffs on steel and aluminum kicked in, and Europe responded. The EU announced duties on U.S. textiles, home appliances, motorcycles, peanut butter, jeans and more. American whiskey, popular overseas, was marked for a 50% tariff.

Trump’s response: 200% on European wine and spirits and on Champagne.

“We want toasts, not tariffs,” said Chris Swonger, president and CEO of the Distilled Spirits Council in the U.S.

But escalation appears to be the toast of the day. The U.S. has a new wave of reciprocal tariffs in line against Europe in early April, and exemptions for the auto industry and other industries are set to expire.

There’s not much chance March will go out like a lamb.

___

Associated Press writers Mae Anderson in New York and Josh Boak in Washington and video journalist Daniel Niemann in Frankfurt, Germany, contributed to this report.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
Suspect arrested in Osceola County triple homicide, deputies say
  • Local News

Authorities Detain Suspect Linked to Triple Murder in Osceola County

OSCEOLA COUNTY, Fla. – A tragic scene unfolded on Saturday afternoon in…
  • NewsFinale Journal
  • January 18, 2026
People rally after 15% of Telfair Museum workers laid off
  • Local News

Community Unites: Rallying Against 15% Staff Layoff at Telfair Museum

SAVANNAH, Ga. — A crowd gathered outside the historic Owens-Thomas House in…
  • NewsFinale Journal
  • January 18, 2026
Europeans reeling as Trump imposes tariffs on 8 countries over Greenland dispute
  • Local News

Trump Sparks Controversy with Tariffs on 8 European Nations Amid Greenland Tensions

BERLIN – On Sunday, Europeans were taken aback by U.S. President Donald…
  • NewsFinale Journal
  • January 18, 2026
Tennessee Republicans announce sweeping immigration legislation
  • Local News

Tennessee GOP Introduces Comprehensive Immigration Reform Legislation

In a move set to intensify Tennessee’s stance on immigration, state Republicans…
  • NewsFinale Journal
  • January 17, 2026
Climate activist predicts high electricity prices and Trump's attacks on green energy will hurt GOP
  • Local News

Climate Advocate Warns: Rising Electricity Prices and Trump’s Green Energy Critique Could Backfire on GOP

RIPTON, Vt. – In an era where environmental regulations have faced significant…
  • NewsFinale Journal
  • January 17, 2026
2026 tax season is coming up: Here’s what you need to know
  • Local News

Get Prepared for the 2026 Tax Season: Essential Information You Need to Know

As we step into 2026, the anticipation of tax season looms on…
  • NewsFinale Journal
  • January 17, 2026
Annual Orlando parade honors Dr. Martin Luther King Jr.’s legacy
  • Local News

Orlando’s Annual Parade Celebrates the Enduring Legacy of Dr. Martin Luther King Jr.

On a lively Saturday in Orlando, Florida, hundreds gathered in the heart…
  • NewsFinale Journal
  • January 17, 2026
Opponents protest against China's planned UK 'mega embassy' as decision deadline loons
  • Local News

Protests Heat Up Over China’s Proposed ‘Mega Embassy’ in the UK Ahead of Decision Deadline

LONDON – In a significant display of opposition, the leader of Britain’s…
  • NewsFinale Journal
  • January 17, 2026
Argentina's bungled hunt for Hitler's right-hand man Martin Bormann revealed in declassified files
  • US

Unveiling Argentina’s Secret: The Failed Pursuit of Hitler’s Aide Martin Bormann – Declassified Files Expose the Truth

In an exclusive first reported by Fox News, a series of documents…
  • NewsFinale Journal
  • January 18, 2026
Exclusive | NYC socialists mustering army of 4,000 anti-ICE activists to bring Minnesota tactics to Big Apple
  • US

NYC Socialists Rally 4,000 Activists to Implement Minnesota-Inspired Anti-ICE Strategies in the Big Apple

In New York City, socialist groups are rallying over 4,000 activists to…
  • NewsFinale Journal
  • January 18, 2026
RFK Jr.’s MAHA movement becomes wild card for GOP in 2026
  • News

How RFK Jr.’s MAHA Movement Is Shaking Up the GOP’s 2026 Strategy

The Make America Healthy Again (MAHA) initiative is emerging as an unexpected…
  • NewsFinale Journal
  • January 18, 2026
Toyota's EV that runs on hydrogen FLOPS as lawsuit alleges defects
  • US

Toyota’s Hydrogen-Powered EV Faces Major Setback Amidst Defect Allegations

Sales of Toyota’s hydrogen-powered electric vehicle are experiencing a sharp…
  • NewsFinale Journal
  • January 18, 2026
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate