MNI BRIEF: Daly Says Fed Can Be 'Careful and Deliberate'

MNI BRIEF: Fed Kugler Eyeing Inflation Persistence Over Growth

MNI BRIEF: Fed Framework Review To Revisit FAIT, 'Shortfalls'

MNI BRIEF: Activity Slowdown Required To Help BCB - Guillen

MNI: Kugler Says Fed Could Keep Rates Steady 'For Some Time'

MNI BRIEF: Fed's Williams - Longer Lag To Price Expectations

MNI: US JAN CONSUMER CREDIT +$18.1B

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 486; GAS RIGS 101

BAKER HUGHES CANADA RIG COUNT 234; OIL RIGS 170; GAS RIGS 64

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US: Trump Touts Auto Jobs Boom, Says CA Dairy/Lumber Tariffs Could Come Today

US
USHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America

US President Donald Trump has touted today’s jobs report as evidence that his trade policy is bringing manufacturing jobs back to the United States. Trump's economic advisor Kevin Hassett, speaking alongside Trump in the Oval Office, argues that manufacturing job are going up out of "expectation for future policy," including tariffs and tax cuts. 

  • Trump: “On auto jobs we created nearly 9,000 new jobs in the auto production field. And the reason for that is largely they think things are happening so they’re already geared up… Because of the tariffs they don’t want to be dealing with other places.”
  • Trump claims that jobs created during the Biden administration were inflated by the creation of government jobs: "They just keep adding government jobs which are not the jobs you want."
  • Speaking on his "reciprocal" tariff regime - expected to go into effect on April 2 - Trump says Canadian representatives are "very difficult to deal with" and Canada imposes "tremendously high tariffs" on lumber and dairy products. He says "Canada has been ripping us off for years on lumber and dairy..."
  • Trump says Canada will be "met with the exact same [250%] tariff" on lumber and dairy "as early as today or we'll wait until Monday or Tuesday" if they don't "drop it."
209 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

US President Donald Trump has touted today’s jobs report as evidence that his trade policy is bringing manufacturing jobs back to the United States. Trump's economic advisor Kevin Hassett, speaking alongside Trump in the Oval Office, argues that manufacturing job are going up out of "expectation for future policy," including tariffs and tax cuts. 

  • Trump: “On auto jobs we created nearly 9,000 new jobs in the auto production field. And the reason for that is largely they think things are happening so they’re already geared up… Because of the tariffs they don’t want to be dealing with other places.”
  • Trump claims that jobs created during the Biden administration were inflated by the creation of government jobs: "They just keep adding government jobs which are not the jobs you want."
  • Speaking on his "reciprocal" tariff regime - expected to go into effect on April 2 - Trump says Canadian representatives are "very difficult to deal with" and Canada imposes "tremendously high tariffs" on lumber and dairy products. He says "Canada has been ripping us off for years on lumber and dairy..."
  • Trump says Canada will be "met with the exact same [250%] tariff" on lumber and dairy "as early as today or we'll wait until Monday or Tuesday" if they don't "drop it."