This is the way. This is exactly what we voted for. In addition to the 25% border security tariff against Mexico and Canada, President Trump is announcing an additional 10% tariff against China as an impact fee for their failure to stop the illegal manufacture and shipment of Fentanyl.
The 10% Fentanyl impact fee will be in addition to any/all targeted tariffs against Chinese goods that are planned.
[SOURCE]
REMINDER – Agenda 47 Tariffs previously outlined.
The “Universal Baseline Tariffs” are the economic policy blade to drive a stake through the vampire heart of corporatism, globalism and the exploitation of the U.S. economy by multinational corporate interests. This “universal baseline tariff” approach, is the policy that slays the dragons of the World Economic Forum, destroys the Beijing dragon and simultaneously ends the EU Marshal Plan advantage. This is a big deal.
President Trump made the economic policy announcement in February 2023, and it is an incredible structure of trade and economic proposals that would be resoundingly effective at restoring every financial mechanism within the United States as a sovereign country. The proposal is economic nationalism in policy form.
First, here’s the announcement {Direct Rumble Link} – WATCH:
[Transcript] – “Joe Biden claims to support American manufacturing—but in reality, he is pushing the same pro-China globalist agenda that ripped the industrial heart out of our country. It ripped us apart. Biden and the globalists support RAISING taxes on American production. They support MORE crippling regulations killing American jobs. They support skyrocketing domestic energy costs. And they support massive anti-American multinational agreements that send our wealth and factories overseas.
Very simply, the Biden agenda taxes AMERICA to build up CHINA.
China is the big beneficiary. We cannot let that happen. And just a couple of years ago, it wasn’t happening. China paid to the United States hundreds of billions of dollars and no other president got ten cents. Legitimately, ten cents from China.
My agenda will tax CHINA to build up AMERICA.
The heart of my vision is a sweeping pro-American overhaul of our tax and trade policy to move from the Biden system that punishes domestic producers and rewards outsourcers, to a system that REWARDS domestic production and taxes FOREIGN companies and those who export American Jobs. They will be rewarded and rewarded greatly. And our country will benefit.
To achieve this goal, we will phase in a system of universal, baseline tariffs on most foreign products. On top of this, higher tariffs will increase incrementally depending on how much individual foreign countries devalue their currency. They devalue their currency to take advantage of the United States, and they subsidize their industries, or otherwise engage in trade cheating and abuse. And they do it now like never before, and we had it largely stopped, and it was going to be stopped completely within less than a year.
As tariffs on foreign producers go up, taxes on American producers will go down and go down very substantially. And that means a lot of jobs coming in.
Not only will this system end our gaping trade deficits—and they are massive right now—and bring back millions of American jobs—it will also bring trillions and trillions of dollars pouring into the U.S. Treasury from foreign countries and allow us to invest that money in American workers, American families, and American communities.
This plan will be the linchpin of a new Strategic National Manufacturing Initiative, that builds on my historic success in ending NAFTA, which was a tremendous thing, a tremendous achievement, nobody thought it could be done, and we did USMCA—US-Mexico-Canada, and it was an incredible thing. But we’re also going to end other unfair trade deals, and we’ll end them quickly.
In addition, as a matter of both economic and national security, I will implement a bold series of reforms to completely eliminate dependence on China in all critical areas.
We will revoke China’s Most Favored Nation trade status, and adopt a 4-year plan to phase out all Chinese imports of essential goods—everything from electronics to steel to pharmaceuticals. This will include strong protections to ensure China cannot circumvent restrictions by passing goods through conduit countries—countries that don’t make a product, but all of a sudden they’re making a lot of the product, it comes right through China, right out of China, and right into our country.
We will also adopt new rules to stop U.S. companies from pouring investments into China, and to stop China from buying up America, allowing all of those investments that clearly serve American interests. We’re not going to allow bad things to happen to our country anymore. And we will eliminate federal contracts for any company that outsources to China.
Biden will never get the job done. He is weak on China because the corrupt Biden family has received millions and millions of dollars from entities tied to the Chinese Communist Party. Everybody knows that. They try and hide it, and the Fake News doesn’t want to talk about it.
Biden’s pro-China economic program puts America LAST, and it’s killing our country—my cutting-edge trade agenda will revitalize our economy by once again putting America FIRST.
And by the way, we’ll get along very well with China. And you know what the reason is? They’ll respect us again, like they did just two years ago.
We will quickly become a manufacturing powerhouse like the world has never seen before.
Thank you very much.”
~ POLICY ~
♦UNIVERSAL BASELINE TARIFFS: President Trump has announced a plan to replace the Biden system of punishing domestic producers and rewarding outsourcers with a new system that rewards domestic production while taxing foreign companies.
Rather than raising taxes on American producers, President Trump will impose tariffs on FOREIGN producers through a system of universal baseline tariffs on most imported goods.
Higher tariffs will increase incrementally if other countries manipulate their currency or otherwise engage in unfair trading practices.
As tariffs on foreign countries go up, taxes on American workers, families, and businesses can come down.
The Biden administration has proposed nearly $2 trillion in tax increases on American citizens and levied draconian tax hikes on Americans’ household energy, 401ks, and pension plans.
The Biden administration’s globalist policies sell out American citizens and result in a windfall for foreign countries.
In 2022, the United States trade deficit reached $948.1 billion, the largest on record, and the agricultural trade deficit exceeded $2 billion.
President Trump’s trade policy is firmly rooted in American history. America used to impose tariffs on over 95% of all imports, and for decades the federal government took in over 80% of its revenue by taxing foreign producers through tariffs—not by taxing American workers and businesses.
♦ENDING RELIANCE ON CHINA: President Trump’s America First trade policy will completely eliminate U.S. dependence on China–the primary beneficiary of Democrats’ globalist agenda.
In addition to universal baseline tariffs on most foreign goods, President Trump’s plan will reclaim our economic independence from China. President Trump will revoke China’s Most Favored Nation trade status and adopt a 4-year plan to phase out all Chinese imports of essential goods—everything from electronics to steel to pharmaceuticals. This will include strong protections to ensure China cannot circumvent restrictions by passing goods through conduit countries.
President Trump will establish new rules to stop U.S. companies from investing in China and stop China from buying up America, allowing only those investments that serve American interests.
President Trump will ban federal contracts for any company that outsources to China.
Under Biden and the Democrats, American wealth and jobs are being exported to China.
The U.S. trade deficit with China has risen almost 10% under Biden to $382.9 billion last year alone.
♦A BETTER DEAL FOR AMERICAN WORKERS, FAMILIES, AND COMMUNITIES: President Trump’s plans will bring back millions of American jobs and generate trillions of dollars of new wealth to strengthen American society.
President Trump’s tariff plans will be the linchpin of a new Strategic National Manufacturing Initiative that will rebalance the global trading system and dramatically strengthen America.
Raising tariffs on foreign producers while lowering taxes for domestic producers will help keep jobs and wealth in the United States.
Higher tariffs create millions of new jobs, increase real household income, boost GDP, increase domestic manufacturing output, and generate hundreds of billions of dollars in new government revenue.
President Trump’s universal baseline tariffs will restore a level playing field for American businesses worldwide.
U.S. exports have historically faced higher tariffs from foreign countries than nearly all of America’s trade competitors.
President Trump will build on his historic success in abolishing NAFTA, which Joe Biden voted for, after which 60,000 factories closed, and 4.5 million manufacturing jobs were lost. President Trump replaced NAFTA with the USMCA, a historic breakthrough in leveling the playing field for American workers, famers, and manufacturers.
It’s a good start. Cut all federal funds to Arizona while your at it.
Day One:
Repeal the 16th Amendment.
Repeal the 17th Amendment.
Abolish the Fed.
The fentanyl importation is China’s revenge for Britain’s opium wars last century. Y’all know that, right? China views the US as merely the latest implementation of the colonialism exercised by Britain in an unbroken chain since the late 1700’s, is why China is not distinguishing the US from the UK.
Secondly, 2024 is a different world from what it was 2016-20. Completely different, in every way. Geopolitically, militarily, and geoeconomically. And the US no longer has the same economic leverage over China it had during Trump’s first term. If China stopped all trade with the US, China would come out on top, while the US would be the one who suffered most. Both would suffer, but in that zero-sum situation, China would win over the US. Because it can replace its raw material imports from non-US, non-Western suppliers. Whereas the US needs Chinese imports, such as in pharma pre-cursors, without which US pharma collapses. Same with a whole lot of components only made in China these days, thanks to the idiotic offshoring since the 90’s which the US did thanks to multiple treasonous administrations of both flavours, moronic market regulations, and greedy non-patriotic shareholders and fortune 500 execs who got rewarded based on stock price which only rose due to treasonous offshoring. While most Americans slept soundly and continued their fascination with celeb culture and sports.
These are facts. I take no pleasure in pointing them out. But the US has no leverage against China when chips are down, just like as I pointed out in a previous post, the US has no leverage against Russia. These days. Because of American somnolence.
I mean, don’t feel bad. The entire Western world is in the same situation the US is in. It isn’t you. It’s our collective somnolence and our treasonous media’s failure to alert us, which is the root cause.
But I’ve seen this coming since the 90’s. And if I could, just a guy at home with a computer and a functional mind, how come most of us in the West, haven’t.
Regardless, we’re about to find out what the price is. And I don’t think it’s going to be pleasant.
Thank you. A rare dose of real politik realism.
Thousands of products made in the US that are dependent on Chinese parts and sub-assemblies will see build cost increases. With no possibility of import substitution likely on most of them due to lack of skills, materials, production facilities and tools. The multinationals did a very good job the reversing of which is likely impractical if not impossible. We here in the UK, alone in Europe, did exactly the same as you so are stuffed as well.
This could turn out to be just another decision with a sting in the tail. But the baying crowd, in their ignorance, will love it.
Assuming your prediction is true (there are several counter-points, namely China is extremely unstable and their markets could not withstand this more than ours, but I digress), so what?
Let’s keep smoking crack because stopping would entail having a painful withdrawal. That withdrawal isn’t worth a redeemed, drug-free, fulfilling life. <— that’s your argument, and it is extremely stupid.
I’m saying nothing of the sort. All I said was tariffs are not going to have the same effect they had last time Trump tried them. I didn’t say “therefore do nothing.” Please don’t put words into one’s mouth. Obviously, there may be other things that will work. Neither side wants this, both sides will be hurt in a trade cutoff situation. I think one useful thing Trump could do is stop pretending China, and Russia, are enemies simply because they are peer competitors with the US. Who cares. Why is it necessary that the US has to win, and everyone else has to lose? Newsflash, the US is not exceptional, it’s not special, it’s one country amongst others, all countries are special, and some countries happen to be peers in terms of economic, military, industrial capacity. Why does the US have to insist this therefore means you need to go to war to stop the peers? Answer: it doesn’t. So stop pretending you do.
To every American: Suck it up, and endure for the benefit of the country. “These are times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman.” —Thomas Paine.
As a country and as citizens, are we so weak that we cannot endure what you describe above. When I think of what my father and mother, grandparents, and greatgrandparents, endured in every war at least, from the time of the American Civil War, some of whom died in Andersonville Prison in Georgia to the end of World War II, I am not going to wine and squirm. It is about time that I too pay at least some price to assure the survival and prosperity of this country.
Our medication should never have been allowed to be manufactured on foreign soil. On top of that the medication being prescribed by doctors today should have no financial incentive attached. My brother was taking medication for depression and bipolar. All of his teeth died and had to be removed. His dentist asked him if he ever took so and so and he had. The dentist said that was a side effect of the medication. Another medication he took had a side effect that required three heart stents when he was in his late 30’s. Now he needs both hips and a shoulder replaced because his bones are dying due to blood lose to those bones…also due to side effects of high doses of prednisone. Maybe MAHA will start with the loss of these medications. We need to ramp up production of our own manufacturing of medication and focus on eating healthier with less chemicals!!!
What you need to do is ditch the Rockefeller financed institutions that led to replacing natural medicines with petroleum-based pharmaceutical compounds and bring back said remedies. Make Native American drug companies the richest industry in your economy and investigate and prosecute Big Pharma for their crimes.
The current pharmacia situation is not our friend. In fact, it is quite litetally killing us.
Precisely. I’ll gladly pay an extra $100 on ANYTHING of note, to ensure middle and long term security and domestic economic prosperity.
We are still leading the world with likely about 70% of our potentially productive citizens on drugs, or otherwise doing nothing productive. Imagine how fast we leave the world behind with even a 25% increasing in productive citizens.
Make the job opportunities available, and watch the vagrancy, drug, and alcoholism. rates plummet.
“We” are “weak” only because we have not been tested.
I believe your generalisatiin is inaccurate. SOME are weak, spoiled and vulnerable.
Mostly the very upper classes that like open borders, etc.
Plenty of hard working Americans that are tough as nails.
Thank you. I know plenty of tough as nails people. Lots of loggers. River fishing guides. I know lots of police people. Lots of war time veterans (1967 to Middle East Conflicts). I know lots of current active Army helicopter pilots (Apache and Chinook). We live rural. Enjoy the clean air and water on the PNW North coast Olympic Peninsula. I am a proud AMERICAN. I am disappointed in my society and govt
I forgot to add…bill
For the benefit of your, hopefully, children and grandchildren!
Don’t disagree with what you say. However, in year 1-2 of Trump’s first term, foreign cap investment went up 18-19%. Yes, we are an ill patient, but the cure is cap ex. We can get some of that… fast. Proven so.
Tariffs are a tool for that. They also can help with our border disaster. Great leadership by Trump here.
We’ll keep talking with folks. 2-3 years down the road, we can reshape matters.
Sometimes you have to rip the bandaid off. If not now, when? After the US is a wholly owned subsidiary of China? There may be some pain, but that’s the price to avoid a whole lot of pain for your kids and grandkids.
The U.S. IS the truly indispensible, economic powerhouse that it is, because of several things which make it unique.
We don’t NEED anything from anywhere else; we have it all.
We have an abundance of raw materials, including unlimited carbon based energy.
Other countries HAVE to import,we do not.
Our per Capita purchasing, far exceeds any other country, including China.
This means in any “trade war” we win, and it has ever been thus and even with the damage done to this country by Biden, it remains so.
I disagree that CCP controlled China would
survive an all out trade war and de coupling; their system is inherently unstable, and PDJT is about to test the notion that “the bigger they are, the harder they fall.
In the end, Tariffs are a negotiation tool with aims to reduce fentanyl deaths, increased border security, and spur domestic production. I’d take any combination of two or more as a better alternative to the status quo.
Let the trade wars begin.
What is missed in this analysis is that China has no other large markets for these products if they were to be cut off from the USA. Yes, China could source its raw materials from other places than the USA. That’s true. And in many cases they already do. But what they can’t do is find destinations for all the products they make because the USA is the largest market available to them. They can’t simply ship more to the rest of the world to make up for any loss of access to the USA’s market. So, yes, we have lost manufacturing capability over the past few decades and will have to rebuild it over years, not days, but that will start to happen as soon as the incentives change direction. We actually don’t have guess at how these tariffs will play out because we saw the dynamic during Trump’s first term in office. Also, you have to understand that China is sitting on a knife edge, trying to prevent an internal revolution. Any loss of economic growth is tremendously destabilizing for them in a way that isn’t for us. This means that China cannot simply sever economic ties either. If you’re going to do an analysis, make sure you take into account the total incentives for all the parties.
“without which US pharma collapses”
….that would be a good thing.
“But I’ve seen this coming since the 90’s. ”
Most of the people here at CTH have been aware of our country being sold out to Chinese interests by corrupt, greedy politicians for the last few decades.
“Both would suffer, but in that zero-sum situation, China would win over the US”
Meh, the US would suffer, for awhile, but apparently that is EXACTLY what most Americans need to wake up and see what is really going on. China has been stealing US technolgy and innovation for decades, stop that, and I am not sure we will, and China will LOSE in the long run, BIGLY.
I say 200%, time to toss the chinese products in the ocean.
But the experts say….. Bla Bla Bla!
The proferred solution (another 10%) is likely more politically expedient than mine (which only yields a couple of Chicom container ships making fish habitat near the Marianas Trench).
I remember his trying to do something to stanch the flow, early on in his presidency.
Both he and Hillary listened to the people such as the ones in NH, a state that was pretty hard hit, and Trump was the one handed the opportunity to act, which he did, or attempted to, to the best of his ability.
There is way more fentanyl manufactured than there is any medical use for.
Obama during his two terms, allowed this problem to grow and fester, and it was largly ignored by a compliant media.
The overprescription angle was covered, but that in some ways was a “blame the victim” coverup.
I knew about the influx of cheap heroin, starting to addict many of our young people, which means someone in the White House knew, too.
Obama didn’t act because he’s a filthy communist who was in on it.
There are reports, and as POTUS PDJT will no doubt see more,that China is not simply “allowing” the export of these precursors to mexico,..
The Peoples Liberation Army (of CHINA) is said to be operating the labs in mexico, with the cartels taking care of transportation.
Think I’ve read something about that as well!
Oh, and who might be getting paid off to ignore that? Bybem! SPIT!!!
Would rather he designate that added 10% as a punishment for the illegal covid deployment.
Maybe with some REAL investigation, President Trump can add another 15%.
Unfortunately Sundance I think that tariff is going to need to be a lot higher.
Fentanyl is very cheap to manufacture.
I read that Chy-na was building Fentanyl factories near the US/Mexico border to more easily get them over the border. So here is Mexico or Chy-na to blame?