Donald Trump has not but taken workplace as forty seventh President of the USA, however the Regime Media have already got down to torpedo his agenda. Particularly, by sowing panic among the many viewing viewers over potential Trump tariffs in opposition to China, Canada, and Mexico.
Watch as ABC’s David Muir opens their merchandise on the tariff risk together with his hallmark prolonged introduction, earlier than sending it to correspondent Terry Moran:
ABC WORLD NEWS TONIGHT
11/26/24
6:39 PM
DAVID MUIR: Now, to the financial system tonight, and President-Elect Trump says he’ll impose 25% tariffs on Day One in opposition to our neighbors Canada and Mexico. Tonight, Mexico says it is going to slap a tariff on U.S. items in alternate. Trump pointing to the border, fentanyl, and unlawful immigration. However tonight, this query right here — who pays for these tariffs? U.S. firms bringing the merchandise into the U.S. pay the tariff at first, after which promote these merchandise to U.S. consumers. So will these prices be handed onto shoppers? This is Terry Moran tonight.
TERRY MORAN: In a press release that rattled markets worldwide, President-Elect Donald Trump declared that on Day Considered one of his new administration, he’ll impose essentially the most sweeping tariffs in current historical past, focusing on America’s nearest neighbors and largest buying and selling companions. “I’ll signal all vital paperwork to cost Mexico and Canada a 25% tariff on all merchandise coming into the USA, and its ridiculous open borders,” Trump posted on social media. “This tariff will stay in impact till such time as medication, specifically fentanyl, and all unlawful aliens cease this invasion of our nation.” It is the achievement of a marketing campaign pledge.
DONALD TRUMP: And I’m placing tariffs on Mexico, each rattling factor that they promote into the USA has acquired to have like a 25% tariff till they cease medication from coming in.
MORAN: The USA does greater than $1 trillion in commerce with Canada and Mexico yearly. From client electronics to vehicles and vehicles, to contemporary fruit and greens. Trump’s new tariffs wouldn’t be paid by Canada and Mexico, however by U.S. firms and shops, who will go on a lot of the price to shoppers by elevating costs on their merchandise.
I don’t recall the networks ever doing such an in depth explainer of tariff coverage. They actually didn’t do it when President Biden not too long ago prolonged Trump-era tariffs on sure Chinese language merchandise. That might’ve conflicted with the Harris marketing campaign’s “Trump Tax” narrative. Moreover, such protection would’ve lower into time allotted for protection of the “canine and cats” controversy out of Springfield, Ohio. So the Regime Media ate the tariff story and pushed “cats and canine” to the moon.
For essentially the most half, the networks report the tariffs as a fait accompli. So as to take action, they neglect that these tariffs are performance-based. The final time that Trump saber-rattled about immigration-related tariffs, the president of Mexico deployed the Nationwide Guard, and that was it for the tariffs. CBS correspondent Kelly O’Grady’s fearmongering was a bit extra discreet…
KELLY O’GRADY: From avocados to cars, to on a regular basis tools- you may find yourself having sticker shock.
…in contrast to NBC’s Hallie Jackson.
HALLIE JACKSON: Bear in mind, tariffs are a tax on issues different international locations ship right here and the opposite international locations do not pay the tax straight. It will get handed right down to firms as an alternative and, usually, to you.
The media’s disinterest in overlaying probably Biden-adverse financial information contrasts with in the present day’s gleeful try to sow panic locally. If it weren’t for Regime Media, we’d don’t have any media in any respect.
Click on “increase” to view the transcripts of the aforementioned stories as aired on their respective night newscasts on Tuesday, November twenty sixth, 2024:
ABC WORLD NEWS TONIGHT
11/26/24
6:39 PM
DAVID MUIR: Now, to the financial system tonight, and President-Elect Trump says he’ll impose 25% tariffs on Day One in opposition to our neighbors Canada and Mexico. Tonight, Mexico says it is going to slap a tariff on U.S. items in alternate. Trump pointing to the border, fentanyl, and unlawful immigration. However tonight, this query right here — who pays for these tariffs? U.S. firms bringing the merchandise into the U.S. pay the tariff at first, after which promote these merchandise to U.S. consumers. So will these prices be handed onto shoppers? This is Terry Moran tonight.
TERRY MORAN: In a press release that rattled markets worldwide, President-Elect Donald Trump declared that on Day Considered one of his new administration, he’ll impose essentially the most sweeping tariffs in current historical past, focusing on America’s nearest neighbors and largest buying and selling companions. “I’ll signal all vital paperwork to cost Mexico and Canada a 25% tariff on all merchandise coming into the USA, and its ridiculous open borders,” Trump posted on social media. “This tariff will stay in impact till such time as medication, specifically fentanyl, and all unlawful aliens cease this invasion of our nation.” It is the achievement of a marketing campaign pledge.
DONALD TRUMP: And I’m placing tariffs on Mexico, each rattling factor that they promote into the USA has acquired to have like a 25% tariff till they cease medication from coming in.
MORAN: The USA does greater than $1 trillion in commerce with Canada and Mexico yearly. From client electronics to vehicles and vehicles, to contemporary fruit and greens. Trump’s new tariffs wouldn’t be paid by Canada and Mexico, however by U.S. firms and shops, who will go on a lot of the price to shoppers by elevating costs on their merchandise. Finest Purchase and Walmart already warning in the present day new tariffs will imply larger worth tags. Response to Trump’s announcement was swift. Mexico’s president Claudia Sheinbaum threatening to impose retaliatory tariffs on American items.
CLAUDIA SHEINBAUM (IN SPANISH): One tariff can be met with one other tariff in response.
MORAN: Saying the border disaster can’t be solved “With threats and tariffs,” warning that if the U.S. imposes tariffs, “It isn’t acceptable and would trigger inflation and job losses within the U.S. and Mexico.” Canada’s Prime Minister Justin Trudeau took a softer line, saying he spoke to Trump.
JUSTIN TRUDEAU: It is a relationship that we all know takes a specific amount of engaged on, and that is what we’ll do.
MORAN: Trump is utilizing these tariffs to strain Canada and Mexico to assist him ship on his key marketing campaign promise — securing the border. At present in Texas, Trump’s incoming border czar Tom Homan was laying the groundwork for mass deportations.
TOM HOMAN: Let me be clear. There’s going to be a mass deportation. As a result of we simply completed a mass unlawful immigration disaster on the border.
MORAN: And Homan warned native officers and unusual residents to not stand in the way in which.
HOMAN: We’re a nation of legal guidelines, and we will implement these legal guidelines. And I am sending a message to the individuals who mentioned they’ll get in our manner, they’ll cease us from doing what we’re doing- inside enforcement operations, I’ve mentioned it 100 instances within the final week, do not cross that line.
MORAN: Trump additionally declared in a separate social media publish that he’ll slap a ten% tariff on all imports from China, till Beijing stops the move of unlawful fentanyl into the U.S. And, once more, although Trump says China can pay these tariffs on to the U.S. Treasury, that is not the way it works. U.S. Importers and corporations pay these tariffs and so they go the prices on principally to shoppers by larger costs. David?
MUIR: We’ll be watching this within the months forward. Terry Moran, dwell in Washington. Terry, thanks.
CBS EVENING NEWS
11/26/24
6:35 PM
NANCY CORDES: Tonight a commerce battle could possibly be brewing between the U.S. and its three largest buying and selling companions. President-Elect Trump is threatening to hit all items from the U.S. from Mexico and Canada with a 25% tariff and a further 10 p.c on imports from China. Trump cites immigration and the fentanyl disaster throughout the border, however might Individuals find yourself paying the value? This is CBS’s Kelly O’Grady.
KELLY O’GRADY: From avocados to cars, to on a regular basis tools- you may find yourself having sticker shock.
DEBBIE KAVOURIAS: Our costs will go up. We’d be paying extra for each object that got here from China, Mexico, Canada, due to this fact we have now to place that on to the shopper.
O’GRADY: Debbie Kavourias owns New York Metropolis-based Columbus {Hardware}, which has been round for many years. Virtually every thing in her retailer is imported.
KAVOURIAS: That is our {hardware} part. 95% of this comes from China.
O’GRADY: And what about Canada and Mexico, what about a few of these?
KAVOURIAS: A few of these bulbs come from Mexico, however quite a lot of them come from China, however quite a lot of the cleansing provides come from Mexico. That might have an effect on your on a regular basis buyer.
O’GRADY: The three international locations focused are America’s three largest buying and selling companions. Final 12 months altogether they accounted for $1.3 trillion in imported items. China is essential for objects like electronics and furnishings. Mexico, for produce and plastics. Canadian exports embrace aluminum and lumber. For instance, analysts predict the common worth of a automotive coming from Canada or Mexico might enhance as a lot as $3000 with a 25% tariff. Debbie additionally warned retailers like Amazon can hold costs decrease due to their measurement. As a small enterprise, she might lose these patrons perpetually.
KAVOURIAS: If- they take a look at the costs right here and if we’re not fairly even with these opponents, they will not purchase.
O’GRADY: Now, one argument for tariffs is leverage. There’s a key commerce deal that’s with Mexico and Canada, it’s up for evaluate in 2026. Leaders of those nations warn a commerce battle might harm everybody, however each the Canadian Prime Minister and the Mexican President have indicated a willingness to speak. Nancy.
CORDES: Kelly O’Grady in New York Metropolis. Thanks.
NBC NIGHTLY NEWS
11/26/24
6:38 PM
LESTER HOLT: Tonight, President-Elect Trump is laying the groundwork for the brand new tariffs he has promised to impose, posting to social media in regards to the added price he desires on items from China, Mexico and Canada. Hallie Jackson has particulars.
HALLIE JACKSON: The day after the election, Deer Stags proprietor Rick Muscat referred to as his shoe manufacturing facility in China, to stockpile no matter they may ship earlier than Inauguration Day, and earlier than long-promised Trump tariffs kick in.
RICK MUSCAT: We’d take every thing they may get us, to ship earlier than Chinese language New Yr.
JACKSON: That transfer could also be simply in time, with President-Elect Donald Trump now asserting on his first day in workplace not only a 10% added tariff on China, but additionally 25% tariffs on something imported from Mexico and Canada, America’s two greatest buying and selling companions. On-line, Mr. Trump suggesting it’s retaliation for the fentanyl getting into the U.S., these international locations deflecting blame and the President-Elect referencing migrants coming from Mexico and Canada.
JUSTIN TRUDEAU: I had a superb name with Donald Trump final night time. We talked by a number of the challenges that we are able to work on collectively.
JACKSON: Mr. Trump’s proposal might blow up the commerce settlement he himself helped negotiate in his first time period.
DONALD TRUMP: We acquired it achieved.
JACKSON: And could possibly be challenged in courtroom. Bear in mind, tariffs are a tax on issues different international locations ship right here and the opposite international locations do not pay the tax straight. It will get handed right down to firms as an alternative and, usually, to you. The U.S. depends on each Canada and Mexico for vehicles and automotive components, from Chevy pickups to Chrysler minivans so the auto trade now bracing for a blow, together with in states like Michigan, which Mr. Trump gained. Mexico provides greater than half the fruits and veggies coming into the U.S., that means your grocery invoice might rise too. Already, economists predict inflation might tick up practically 1% if these tariffs go into impact and that’s nonetheless an if, since Mr. Trump has used the specter of tariffs as a negotiating tactic earlier than. But when he follows by…
SHOPKEEPER: We’re a small enterprise. And we won’t afford to hold all these prices.
JACKSON: The homeowners of this Washington pet retailer fear about having to cost their prospects extra, as a result of the store would pay extra for imported harnesses and toys.
SHOPKEEPER: There’s a degree at which the buyer goes to say, you realize, this isn’t in my household’s funds. We will not do that.
JACKSON: At present, one Chinese language official warns nobody will win a commerce battle, and the Mexican president’s previewing attainable retaliatory tariffs if President-Elect Trump does make good on his risk. Lester.
HOLT: Hallie Jackson. Thanks.
