This Morning With Gordon Deal This Morning with Gordon Deal April 09, 2025
Apr 9, 2025
The conversation dives into President Trump's bold global tariffs, including a jaw-dropping 104% on Chinese goods, raising concerns over rising car prices. There's controversy surrounding a Supreme Court ruling affecting federal workers and stories of community resilience, like a heroic individual rescuing pets from floodwaters. The hosts also touch on the burden of airline fees on families, alongside some light-hearted moments about parenting and the potential benefits of omega-3s—balancing serious topics with uplifting tales.
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Tariff Impact on Car Prices
- President Trump's sweeping tariffs took effect, impacting various goods, including Chinese imports.
- These tariffs are expected to increase prices for new and used cars, impacting affordability and consumer behavior.
Reciprocal Tariffs Explained
- Trump's tariffs are based on trade deficits, not tariffs imposed by other countries on US goods.
- This approach has caused confusion in global markets and forced nations to renegotiate trade deals.
Bermuda Tariff Example
- Bermuda's tariffs would be 37% if services were counted, but under Trump's plan, it is only 10%.
- This discrepancy highlights how the tariff formula does not accurately reflect the full picture of trade.