In the U.K and throughout Europe May 8th is known as “VE Day” designating Victory of Europe Day, commemorating May 8, 1945, marking the Allies’ acceptance of Germany’s unconditional surrender.

In Russia May 8th is known as “Victory Day” celebrating the defeat of the Nazi regime and honoring the 27 million Russians killed in World War II. By several magnitude Russia suffered the most casualties in the war, losing approximately 9 million military and 18 million civilians.

Today, President Trump signed a proclamation designating May 8th also as “Victory Day” [SEE HERE], recognizing that without the United States entering the war, the German Nazi regime would not have been defeated.

Russia and the USA using “Victory Day,” while Europe uses “VE Day.” Huh, maybe a message in there somewhere.

The announcement was made during the swearing-in ceremony for David Perdue as U.S. Ambassador to China.  The media questions begin at 9:11 of the video below.  WATCH: 

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WHITE HOUSE – Today, our Nation proudly commemorates the 80th anniversary of the Allied Powers’ triumph over national socialism and fascism, and the end of World War II in Europe — one of the most epic victories for forces of freedom in the history of the world. On this Victory Day for World War II, we celebrate the unmatched might, strength, and power of the American Armed Forces, and we commit to protecting our sacred birthright of liberty against all threats, foreign and domestic.

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The media have been going bananas wondering when President Trump will begin negotiations with China.  President Trump has been very clear that there is no need to open negotiations with China, but all discussions are welcome.

Essentially the point is that tariffs will remain in place until Beijing gets to a point where they acquiesce to the reality of President Trump’s terms for reciprocal trade.  The goal is to bring manufacturing back to the USA, not generate terms where manufacturing remains in China.

The Chinese trade delegation is scheduled to be in Switzerland at the same time as Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled to be there.  Both Bessent and Greer announced today they will meet with their Chinese counterparts on the sidelines of their travel to Switzerland.

USTR Press Release – […] “At President Trump’s direction, I am negotiating with countries to rebalance our trade relations to achieve reciprocity, open new markets, and protect America’s economic and national security,” said Ambassador Greer. “I look forward to having productive meetings with some of my counterparts as well as visiting with my team in Geneva who all work diligently to advance U.S. interests on a range of multilateral issues.”

While in Switzerland, Ambassador Greer will also meet with his counterpart from the People’s Republic of China to discuss trade matters.” (link)

Treasury Secretary Press Release – “During Secretary Bessent’s visit to Switzerland, he will meet with President Karin Keller-Sutter of Switzerland, during which the Secretary will follow up on their recent meeting on the sidelines of the recent World Bank Group (WBG) – International Monetary Fund (IMF) Spring Meetings. 

While in Switzerland, Secretary Bessent will also meet with the lead representative on economic matters from the People’s Republic of China (PRC). (link)

As we previously noted, the Swiss are very interested in resolving their trade status quickly.

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I don’t want to say ‘I toldya so’, but….  Listen carefully to the answer to the first question at (05:00 minute mark) as President Trump responds to the question about the USMCA with Canadian Prime Minister Mark Carney next to him.  The USMCA is “effective, and it’s still effective, but people have to follow it,” inferring the issues of Canada as a tool to avoid China tariffs, President Trump said.

Then comes the part everyone will overlook as President Trump notes, “as you know it terminates fairly shortly. It gets renegotiated fairly shortly.” Then comes the biggest statement, “this was a transitional deal, and we’ll see what happens, we’re going to start renegotiating that”… “I don’t know if it serves a purpose anymore.”  …. “And the biggest purpose it served was, we got rid of NAFTA.”  This presents the future of the USMCA and specifically the U.S-Canada aspect to the trade deal exactly as we anticipated.

President Trump is going to exit the trilateral USMCA in favor of two distinctly different bilateral trade agreements between the U.S and Mexico; and the U.S and Canada.  The only consideration now is the timing.  President Trump is 100% focused on the BIG ECONOMIC PICTURE; it’s not about the politics, it’s all about the economics. [Also pay attention to USTR Jamieson Greer]  WATCH:

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Prime Minister Mark Carney knows what is coming. His response about stepping up their military spending to meet NATO obligations is part of that dynamic.

The 51st state remarks were all about getting Canada into a position where Trump is about to open up two distinctly different bilateral trade agreements.  The relationship that Canada has with China is a major risk to Carney’s position.  Canada doesn’t stand a chance.  In essence, at the end of this journey of economics North American trade is going to be entirely different.

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Earlier today President Trump signed an executive order blocking the U.S. development of “gain of function” research, the manipulation of biological agents to weaponize their lethality. [Executive Order Here]

As Health and Human Service Secretary, Robert F Kennedy Jr noted in his remarks, the modern U.S. development of the bioweapons program was an outcome of a little-known subset within the Patriot Act that allowed scientists to develop bioweapons without legal accountability for any negative outcome.  Let us not pretend….

In 2014 a U.S. developed bioweapon escaped a lab and in response President Obama stopped the program.  However, the stoppage only blocked development of the bioweapons on U.S. soil.  The various government agencies then continued the “gain of function” bioweapon development by offshoring the experiments and conducting the research in foreign countries.  The SARS-CoV-2 weapon, COVID-19, was developed in one of those labs in Wuhan, China, and escaped creating the pandemic of 2020.  WATCH:

EXECUTIVE ORDER – Section 1. Purpose. Dangerous gain-of-function research on biological agents and pathogens has the potential to significantly endanger the lives of American citizens. If left unrestricted, its effects can include widespread mortality, an impaired public health system, disrupted American livelihoods, and diminished economic and national security.

The Biden Administration allowed dangerous gain-of-function research within the United States with insufficient levels of oversight. It also actively approved, through the National Institutes of Health, Federal life-science research funding in China and other countries where there is limited United States oversight or reasonable expectation of biosafety enforcement.

This recklessness, if unaddressed, may lead to the proliferation of research on pathogens (and potential pathogens) in settings without adequate safeguards, even after COVID-19 revealed the risk of such practices.

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India was under pressure by both sides, the USA and China.  Part of the Trump Indo-pacific plan was a geopolitical trade strategy aligning the United States with India.  However, Beijing was pressuring India to reject alignment with the USA and form a mutually beneficial trade block with China.

India has rejected the Chinese plan and chosen to follow the USA model because access to the U.S. consumer base is the stronger economic influence.

The result? Once again, sad Panda.

INDIA – India has sided with the United States (US) President Donald Trump on the trade war with Xi Jinping of China. Reports indicate that Indian Prime Minister Narendra Modi is ready to accept all conditions of the US in a trade deal.

Trump raised tariffs on most Chinese imports to 145%, citing the need to reduce the trade deficit and encourage domestic manufacturing.

In retaliation, China has imposed 125% tariffs on US goods and implemented non-tariff barriers, including export controls on critical rare-earth elements.

Indian Prime Minister Narendra Modi visited Trump in the White House in February 2025.

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As if on cue, a short article from the Chamber of Shipping notes that cargo from China is being rerouted to avoid tariffs.

The destination of the cargo is, wait for it,… CANADA!

USCoS – As U.S. tariffs on Chinese goods soar to as high as 145%, a growing number of companies are rerouting shipments to Canada and storing them in bonded warehouses in hopes of avoiding the duties and capitalising on a future rollback. This strategy has caused a sharp spike in Chinese shipments to Canada, with logistics firms and customs brokers reporting surging inquiries and storage demand from consumer goods, chemical, and auto parts sectors. However, experts caution that prolonged storage costs—estimated at $1,750 per container per week—and limited warehouse capacity could force sellers to offload discounted goods into the Canadian market, potentially disrupting domestic manufacturing. Others warn the strategy is risky and unsustainable, especially if the trade conflict drags into next year’s U.S.-Mexico-Canada Agreement negotiations. (link)

This will not end well….

… For Canada.

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Think about it.  We’ve already heard about the massive stoppages of April factory work in China, causing serious concern for Beijing and Chinese worker protests.

American importers front loaded inventory in February and March with a 50% increase in orders.  Now, in addition to those factories going quiet, the de minimis rule kicks in.

(Via CNBC) – Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.

In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.

Temu made a name for itself in the U.S. as a destination for ultra-discounted items shipped direct from China, such as $5 sneakers and $1.50 garlic presses. It’s been able to keep prices low because of the so-called de minimis rule, which has allowed items worth $800 or less to enter the country duty-free since 2016.

The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April. (more)

The de minimis loophole comes from back in the 1930s. The idea back then was, say you went on a vacation to Paris, you shouldn’t have to file customs paperwork or pay taxes if you decided to ship some little Eiffel Tower statues to your friends back home.

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Kevin O’Leary appears on Fox Business to support President Trump’s tariff proposal against China that is targeted to confront the dragon behind the Beijing panda mask.  WATCH:

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In this segment of a remarkable interview by MeAgain Kelly, DNI Tulsi Gabbard discusses the current intelligence community research into the origin of the SARS-CoV-2 pandemic (aka COVID-19).   Gabbard talks about the U.S. government funding of ‘gain of function’ research which is a soft sounding phrase to describe the weaponization of biological agents.

Gabbard notes the gain of function research taking place in the Wuhan lab, was coordinated and funded by the United States Government, and the Intelligence Community is close to making a direct link between the research and the release of the COVID-19 virus.  Additionally, DNI Gabbard explains the concern of other biolabs around the world and then gets very close to the line of admitting the IC itself is politically weaponized (which it is but would be stunning to admit).  WATCH:

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This next story is a natural outcome in the flow of goods. Remember, the Bureau of Economic Analysis (BEA) of the first quarter is a hindsight review. Meaning the information released today was based on activity in January, February and March 2025.

U.S. companies surged the purchasing of import goods, mostly from China, by more than 50% in the first quarter. They were/are building inventory. So, what happens in China starting in April?

Hong Kong, CNN – China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus.

The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the weakest reading since December 2023, according to data released by the National Bureau of Statistics (NBS) on Wednesday. A reading below 50 signals a contraction.

Zhao Qinghe, a senior statistician at the NBS, said in a statement that the contraction in factory activity was due to “sharp changes in the external environment and other factors.” (read more)

The U.S. has front-loaded the inventory. So, orders to China drop now. It’s a natural outcome.

We have purchased goods in advance. So, orders to China drop. As a result, the cargo shipments from China to the USA drop in April, May and June.

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