The President's Daily Brief
March 13th, 2025: Global Tariff War Escalates & Russia Responds To US Ceasefire Proposal
13 Mar 2025
In this episode of The President's Daily Brief: First up, the trade war is now escalating worldwide, as Canada hits the U.S. with a 25 percent reciprocal tariff on steel and aluminum products, while the European Union vows to raise tariffs on up to $28 billion worth of U.S. goods. Later in the show, the Kremlin has issued their first response to a U.S. proposal for a 30-day ceasefire in Ukraine, saying they are awaiting details from the Trump administration, while stressing that their territorial gains must be addressed as part of any deal. Plus, the captain of a cargo ship involved in a catastrophic collision with a US-flagged tanker in the North Sea has been arrested by British authorities. A criminal investigation has been opened, and the captain, a Russian national, is being probed for manslaughter over the deadly incident. In our 'Back of the Brief' segment, hundreds of hostages have been freed by Pakistani security forces after separatist militants wearing suicide vests hijacked a passenger train on Tuesday in an attack that left dozens of people dead. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
It's Thursday, the 13th of March. Welcome to the President's Daily Brief. I'm Mike Baker, your eyes and ears on the world stage. All right, let's get briefed. We'll start off with tariffs and the trade war. Perhaps you've heard about it. Well, the trade war is now escalating worldwide as Canada hits the U.S.
with a 25% reciprocal tariff on steel and aluminum products, while the European Union vows to raise tariffs on up to $28 billion worth of U.S. goods. It's a veritable tariff palooza. Later in the show, the Kremlin has issued their first response to a U.S.
proposal for a 30-day ceasefire in Ukraine, saying that they're waiting for details from the Trump administration, while stressing that their territorial gains must be addressed as part of any deal. Plus, the captain of a cargo ship involved in a catastrophic collision with a U.S. flag tanker in the North Sea has been arrested by British authorities.
The tanker, by the way, was loaded to the gills with U.S. military jet fuel. A criminal investigation has been opened and the captain, a Russian national, is being probed for manslaughter over the deadly incident.
And in today's Back of the Brief, hundreds of hostages have been freed by Pakistani security forces after separatist militants wearing suicide vests hijacked a passenger train on Tuesday in an attack that left dozens of people dead. But first, today's PDB Spotlight.
President Trump's trade war is once again escalating as allies retaliate, and the president threatens new tariffs, sparking fears that a global recession could be looming. As we discussed on yesterday's PDB, the Trump administration imposed a 25% tariff on steel and aluminum from Canada and all other U.S.
trading partners on Wednesday over what the president argues are severe trade imbalances with U.S. allies that are undercutting American businesses and workers. Just hours after the new levies took effect, Canada struck back by imposing a 25% reciprocal tariff on U.S.
steel and aluminum products, as well as on machine tools, computers and servers, display monitors, sports equipment, and cast iron products. In total, Canada's retaliatory economic measures cover some $20 billion worth of American goods, and that's according to a report from the Wall Street Journal.
The economic tit-for-tat promises to have far-reaching consequences for the price of everyday goods, as Canada serves as the largest foreign supplier of steel and aluminum to the U.S. Last year, the U.S. imported some 3.2 million tons of aluminum from Canada, valued at roughly $16 billion and roughly $20 billion worth of steel.
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