Trump aimed to address imbalances in trade agreements, particularly NAFTA, and to combat illegal immigration and fentanyl abuse in the U.S. He blamed these countries for facilitating these issues and demanded they take action.
Economists warn that tariffs could significantly raise the price of consumer goods, exacerbating inflation and high interest rates in the U.S. The U.S. is the largest importer of foreign goods, with China, Mexico, and Canada as top suppliers, making up roughly 40% of U.S. trade.
The Canadian dollar, Mexican peso, and Chinese yuan all fell sharply against the U.S. dollar, and stock prices declined across global markets, indicating widespread fear of an imminent trade war.
Lithuanian and German investigators are probing the crash, initially attributing it to a technical fault or human error but not ruling out terrorism or sabotage. The possibility of hybrid warfare, particularly from Russia, is also under consideration.
The Baltic cargo plane crash follows incidents involving DHL logistics centers in Europe, including a fire caused by an incendiary device shipped from Lithuania and a parcel bomb explosion in the UK. These incidents have been linked to covert Russian operations.
In this episode of The PDB Afternoon Bulletin:
First, President-elect Donald Trump declared his plans to enact sweeping new tariffs on Mexico, Canada and China the day he takes office. We’ll discuss the implications of this looming trade war, and how global leaders are reacting to the news.
Then, we turn to the Baltic, where a recent cargo plane crash in Lithuania is being investigated as a potential act of sabotage or “hybrid warfare.”
To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting PDBPremium.com).
Please remember to subscribe if you enjoyed this episode of The President's Daily Brief.
YouTube: youtube.com/@presidentsdailybrief)
Blackout Coffee: https://www.blackoutcoffee.com/PDB)
Learn more about your ad choices. Visit megaphone.fm/adchoices)