We can discuss opinion and motive in the comments section. I’ll drop my thoughts below the fold:
The headline is written to draw the contrast from what the professional economic pundits previously -and continuously- proclaim.
Two charts tell the story. The first is “Tariff Revenues”:
The Second Chart is USA Inflation:
Apparently, despite all the wailing, pearl-clutching and teeth gnashing from the multinationals, their economic punditry conscripts and the professional political apparatus, tariffs are not raising prices. Go figure.
Commerce Secretary Howard Lutnick appears on CNBC to outline some of the topline details behind the latest U.S-China trade agreement.
As Lutnick notes, with all the terms agreed over two long days of negotiation, the details now move to “the paper” where President Trump and Chairman Xi will review and approve. The agreement is ¹only between the USA and China and does not involve trade details with other nations who will not be pulled along by our U.S. position.
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This facet is very interesting because it means ¹Canada, a nation entirely dependent on China for industrial raw materials, does not gain benefit from the outcome of the U.S-China trade agreement. Canada is openly, publicly, trying to develop their economic model with a relationship toward the U.K and EU, to the detriment of the USA. If China grants benefit to the USA that are not existent for Canada, the U.K and E.U, that puts their coalition of economic adversaries at a disadvantage.
Lutnicks’ throw-away line, “we tried to help them, but it didn’t work out”… moving on. lol
President Trump announces that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer have successfully concluded three-days of topline trade negotiations with their Chinese counterparts.
President Trump and Chairman Xi will now evaluate the successfully negotiated details and institute the topline strategy as part of the overall future trade agreement. According to the Truth Social post, there will be a 55% tariff on Chinese imports and a 10% tariff on U.S. goods to China.
[SOURCE]
At a 55% tariff rate against Chinese finished-goods imports, there will be ZERO inflationary pressure to the U.S. consumer.
None. Zero. Zippo. Zilch.
I will explain why below.
Posted in Auto Sector, Big Government, China, Communist, Deep State, Donald Trump, Economy, President Trump, Taxes, Trade Deal, Uncategorized
Apparently, the prior narrative that everything was fine, there’s nothing to see here, just didn’t work. As footage of looting, arson, violence and riots against law enforcement continues to highlight the false presentations of Los Angeles Mayor Karen Bass and California Governor Gavin Newsom, the mayor has now declared a local state of emergency – with an immediate 8:00pm curfew, starting tonight. WATCH:
The same people burning cars, breaking into businesses, destroying property and throwing objects at law enforcement, are suddenly going to adhere to a curfew! Huh, imagine that.
Posted in Big Government, Big Stupid Government, Cultural Marxism, Dem Hypocrisy, DHS, Domestic Terrorism, Donald Trump, FBI, Fire Crime, Illegal Aliens, Notorious Liars, President Trump, propaganda, Terrorist Attacks, Typical Prog Behavior, Uncategorized, USA
This is actually a very surprising development. The World Bank (WB) is a heavily controlled multinational exploit of the World Trade Organization (WTO) and World Economic Forum assembly (WEF). This could be looked upon as the WTO/WEF taking a knee as they finally accept Godzilla Trump is not going to relent. Remember, the Build Back Better agenda was a construct from the WEF/WTO.
Looking a little more deeply at the people behind the latest shift in tone and paying close attention to the wording they are using, there’s an inference the World Bank is telling Europe to stop being intransigent or they will lose U.S. military support. A very unusual shift in WB tone.
In my first review opinion, as the legal arbitration system for trade complaints, the WB are trying to mitigate President Trump’s full-frontal assault on the global trade imbalance that brings the global trade wealth back to the USA.
NEW YORK POST […] – Top economists at the international institution, which helps finance low and middle-income countries, acknowledged that many nations do not provide reciprocal trade access to the US.
“This [situation] could not be sustained indefinitely,” the World Bank’s chief economist, Indermit Gill, said during a news briefing, the Washington Post reported.
[Gill] contended that Trump’s actions were merely a response to uneven trade access between other countries and the US.
Other experts at the World Bank concurred with that assessment and indicated that Europe, Japan and China should all take steps to reduce trade barriers on the US, while calling for an across-the-board rollback on tariffs on all sides. (more)
Posted in China, Deep State, Donald Trump, European Union, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA
Treasury Secretary Scott Bessent will be departing London, leaving Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer to finalize the details with the Chinese trade delegation.
Apparently, the talks have been very productive according to Bessent and extended well beyond the previously scheduled timeline as they get very specific with the expectations and terms of compliance.
LONDON – U.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., to testify before Congress the next day.
Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will remain in London to continue the negotiations with Beijing, which are still underway after two lengthy days of talks, Bessent said.
Lutnick said earlier that the parties were “trying to finish” by Tuesday evening.
Posted in China, Donald Trump, Economy, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA
Prior to leaving the White House for the celebration at Fort Bragg, President Trump answered questions from the press during an oval office press conference about professional forest management.
President Trump spoke about putting the individual state governors in charge of emergency management response, and downsizing FEMA at the conclusion of this year’s Hurricane Season. During the question-and-answer session, President Trump responded to numerous questions about the Los Angeles riots and the federal response. WATCH:
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Posted in Dept Of Justice, Domestic Terrorism, Donald Trump, Lawfare, Military, President Trump, Terrorist Attacks, Uncategorized
Following the suspension for vile public statements about President Trump and Deputy Chief of Staff Stephen Miller, ABC has now decided to fire Senior White House Correspondent Terry Moran.
VIA CNN (Brian Stelter) – Terry Moran is out at ABC News. “We are at the end of our agreement with Terry Moran and based on his recent post – which was a clear violation of ABC News policies – we have made the decision to not renew,” an ABC spokesperson says.
“At ABC News, we hold all of our reporters to the highest standards of objectivity, fairness and professionalism, and we remain committed to delivering straightforward, trusted journalism,” the ABC spokesperson adds. (LINK)
President Donald Trump speaks at Fort Bragg today to mark the U.S. Army’s 250th anniversary. The anticipated start time is 4:00pm ET with livestream links below.
“President Trump, Secretary of Defense Pete Hegseth, and Secretary of the Army Dan Driscoll join service members, veterans, military families, and patriotic Americans from across the region to pay tribute to the unmatched capabilities and warrior spirit that define Fort Bragg. This base is not only a symbol of military excellence but also a living legacy of courage, discipline, and the will to win. The event serves as an important lead-up to the grand parade celebrating the Army’s 250th birthday, a milestone that highlights over two centuries of dedicated service to the nation.” WATCH:
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