Appearing 4/8/25 on CNBC, Treasury Secretary Scott Bessent outlined some of the specifics within the negotiation strategy of President Trump as it pertains to the ongoing global trade reset.
Bessent notes at the request of President Trump, all administration officials were to pull back from commentary following the “liberation day” tariff announcement. The objective was to give all nations’ time to absorb the impact while reducing the reverberation noise.
After a few days, President Trump then began to assess the inbound communication from various country leaders and their request for renegotiation. The priority schedule permits the honest trade allies to come first in the que to the office of U.S. Trade Representative Jamison Greer, as approved by President Trump.
Japan and South Korean delegations and trade representatives will be the first trade teams engaged; not coincidently both of those ASEAN nations have pre-positioned manufacturing investment in the USA, the truest measure of a trade partnership. The outcome of these first agreements will form the baseline for every nation thereafter.
Both Japan and South Korea have North American manufacturing systems in place; however, it is likely more investment in U.S jobs and products being created in mainland USA will remain a top priority. Additionally, for these nations the largest element of their “reciprocity” will come from a commitment to reduce the trade deficit with better terms and bigger contracts for U.S. product imports.


Pour it on Mr. President.
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We are not tired of winning yet!
“Guess, What! I got a fever, I gotta have more cowbell, baby”
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https://www.youtube.com/watch?v=NHTe2_b8uEA
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Guess, What! I got a fever, I gotta have more WINNIN’, baby!
And the only prescription is more winning!
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https://www.youtube.com/watch?v=NHTe2_b8uEA
Most won’t get it. I do. One of the great clips from a reasonable SNL.
Don’t fear the reaper.
Best advice I can give to promote domestic Tranquility is this,
Personality does not factor in mathematics.
Equations must reconcile…
Personalities…
Do not.
You do your math…
And I’ll do mine.
God’s advice,
Get over {humble} yourself first…
Before you enter the FO stage in life.
In God We Trust
{All others pay cash}
Trust God
Fear not
Just a note for Sundance. South Korea and Japan are not members of ASEAN.
True. Perhaps “Asian” was intended. 🙂
I noticed Becky Quickie was downplaying Value Added Tax (VAT), describing it at one point as merely a sales tax. That whole segment of hers just seemed out of place, and it sounded to me like she’s sucking up to the EU which relies heavily on a very obfuscated VAT structure as one way to fund itself at our expense as well as the expense of European people. I wonder from whom she got her talking points.
A very stable genius.
If tariffs keep KIA cars from ever entering the country again, that alone will have been worth any transitory “pain” and be more winning!
It is noteworthy that Japan and South Korea have been given priority in trade negotiations and shows President Trump’s genius in reshaping the future economic and defense structure to accommodate the BRICS influence. European countries have investments in the US, too, but the Eurozone chose to fight Trump’s efforts tooth and claw, rather than work with the US to achieve common goals. It is amazing to watch the cataclysmic changes President Trump is accomplishing. There has been no more consequential American political figure to appear in this country for many generations.
The Koreans saw this coming. Hyundi just opened a plant near Savannah to build batteries and electric cars. Now they are changing the production formula by decreasing EVs and producing some gas engine cars.
I would like to see all the components manufactured here in the near future.
Taiwan hasn’t been sleeping either. Taiwan Semiconductor (TSMC) will build plants here. If the Chicoms threaten to invade, they could just shut down production in Taiwan and move to USA with all their IP and as much equipment as they can move. It would be expensive for sure, but who would want to exist under the rule of the Chicom state when the USA offers better governance?
I expect to see more companies threatened by the Chicoms to do the same.
I am impressed each time I see a Bessent interview. I didn’t know much about his background, but Sundance might need the ultimate Wolverine picture for him.
Ends up, Bessent was a key player in the trade that broke the Bank of England. In 1992, he was a trader for the Soros Quantum Fund. His assessment of the situation convinced the fund to place a significant bet against the English currency, which ultimately resulted in a billion dollar gain for the firm.
Now, he may be a key player in breaking China!
How the next US Treasury Secretary once broke the Bank of England:
https://alternativefundinsight.com/how-next-us-treasury-secretary-once-broke-the-bank-of-england/
Watched his interview with Tucker Carlson.
He shared how his family has a history of wealth.
While he was young, his father made some bad choices and they lost everything. He has worked hard his whole life to get to where he is and return to the former status of his family.
It was an uncommon life, but I suppose Bessent has elements in his character that make him the right man for the job at this time.
He sounded genuine to me. I enjoyed listening to him. He very diplomatic.
At some point as China holds out, other competitor nations will step forward to reap the benefits of US trade, somewhat eclipsing and diminishing China’s ability to influence.
And the biggest challenge to all this, after these country’s acquiesce to the arrangements is….Once we start getting those jobs to fill orders from overseas, we will have a major task of filling the job base. REMEMBER, for the past 40 or so years, we as a country have had it shoved down our throats that every single person that graduated from High School MUST go to college. Look around us right now, WHERE all those manual labor jobs are at, they’re being half filled with foreign workers. WHO then is going to fill those jobs required to fill those contracts? This needs immediate attention and discussion NOW.
Bessent mentioned in his interview with Carlson that the new factories will be modern, “Smart” factories that need fewer humans.
MAGA Baby!!
“Both Japan and South Korea have North American manufacturing systems in place; however, it is likely more investment in U.S jobs and products being created in mainland USA will remain a top priority. Additionally, for these nations the largest element of their “reciprocity” will come from a commitment to reduce the trade deficit with better terms and bigger contracts for U.S. product imports.”
And that is precisely the approach that China should take, working out an arrangement that works for us AND them. That China is NOT taking that approach betrays the CCCP’s underlying intentions toward the United States. Instead of working toward resolving our trade issues, a furious Big Panda refuses to budge and insists on just jumping up and down on the rake.
On another note. 47 has mentioned that we have 90,000 empty industrial buildings. If there is not already, there should be an entire office in his administration that has an inventory of these buildings and can promote re-introducing manufacturing into the small and medium size towns and cities that were gutted when the multinationals moved those operations overseas.
Instead of a few MEGA plants, why not thousands of subassembly and parts plants scattered all over the rust belt? It also reduces the interruptions by fires, floods, and tornadoes if production is scattered among multiple plants.
For those companies (and countries) who delay building plants in the US, what happens when their competition builds and has no tariff selling within the US? Stockholders may not like the idea that the CEO “waited on the sideline to watch all this play out.”
An opposing POV, for informational purposes:
This is very telling. He thinks China has more to lose from a trade war because they have a trade surplus, so they’d lose more money. He doesn’t see the US losing more goods as being as big a problem. This might make sense if imports were frivolous, but a lot are critical capital & infrastructure. Life isn’t a game where money is the scoreboard. People want money because they want the things money buys, and these things can be far more critical than money. The US can conjure money out of thin air, but it can’t conjure world class industries to replace Chinese imports with the same speed.