The Bureau of Labor Statistics (BLS) releases the July inflation data today [RELEASE HERE]. Overall, inflation remains low and stable with a July outcome of 0.2 percent, 2.7 percent year over year.
The prices for highly consumable goods like food at home are declining, meanwhile the prices of long-term durable goods is ticking up. Put another way, the prices of the stuff we export are lower, the prices of the imported durable goods are a little higher. Put them together and the aggregate inflation is stable. WATCH:
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We should anticipate these similar economic outcomes as the baseline tariffs and reciprocal tariff rates begin solidifying. The largest portion of the tariff rates will be absorbed by the producers, the pass-through rate will be far less.
Additionally, highly consumable goods like food and energy products should remain stable with downward price pressure as the cost of production drops.
President Trump and EU Commissioner Ursula von der Leyen have apparently come to terms around the broad outlines of a U.S-EU trade agreement.
The EU will commit to purchasing $750 billion in energy products. The EU will commit to investing $600+ billion in direct U.S. industries. The EU will commit to purchasing their NATO military hardware from the USA ($500+ billion likely). The EU will open up all markets to USA products without tariffs. The EU and U.S. will both carry a 15% auto tariff for imports. WATCH:
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I’m all about the broad outline described in the video above, but I also want to see the details. If what President Trump said about all EU markets being open is accurate, it sounds like the Marshall Plan is over
Canada will not be happy; Europe gets a deal – Canada gets a cold shoulder.
Also, with U.K, Japan, ASEAN and EU trade agreements complete, President Trump is likely to begin focusing on the USMCA (Canada and Mexico) sooner than later. Two bilateral trade agreements will likely replace the USMCA.
I am not promoting the group, I am promoting the message within this video. As you watch Susan Kokinda discuss the events from the recent G7, and put the remarks by President Trump into context, you might find what she’s saying sounds incredibly familiar.
This recap may sound familiar because it is almost identical to what CTH has outlined {SEE HERE} and {SEE HERE}. So familiar in fact, it might sound as though myself and Susan Kokinda have discussed these issues; we have not. This video is the first time I have heard of her and her group, Promethean Action.
That said, what Mrs Kokinda outlines is precisely what is visible in the details of President Trump’s activity. While I might take exception to some of the lingo used, the substance of her explanation is spot on; particularly accurate is her overlay of how President Trump is approaching Russian President Vladimir Putin when contrast with Trump’s economic vision. This is well worth watching.
What Susan Kokinda says about the Senate opposition to President Trump, vis-a-vis the Big Beautiful Bill, is also accurate. It is within the BBB policy legislation that we see the springboard for the American economic revival. However, the larger program for cooperative nationalism is also why the same opponents to the BBB agenda are aligned to keep President Trump and President Putin apart.
If the USA (Technology, innovation, consumer market) forms a strategic alliance with Russia (resources, capacity, consumer market), and then negotiates a reciprocal trade and manufacturing arrangement with China (transformation to a USA manufacturing return), the geopolitical world order is economically changed. Here at home, the USA is no longer a service driven economy; a natural balance is restored. The multinationals will fight this hard. There are trillions at stake.
Russian markets open to USA goods, technology and innovation services. USA markets open to Russian raw materials and strategic partnerships. With expanded alternatives, China then has to compete for manufacturing etc. Controlled markets become free markets. The focus is on expanded economics, not war and friction.
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.
President Trump signed executive orders today targeting nuclear energy. President Trump announced a host of regulatory reforms within the Nuclear Regulatory Commission (NRC) aiming to generate new investment and new nuclear plants being built. The supportive Energy Department officials are particularly focused on developing small modular reactors as opposed to large-scale legacy reactors.
In addition to calling for a bureaucratic overhaul at the NRC, the executive orders also encourage the departments of Energy and Defense to build reactors on federal land to power data centers and military bases, speed up the process for testing new reactor technology and boost domestic supply chains for nuclear fuels. This directive comes after Congress passed legislation directing the NRC to modernize its operations and speed up the licensing process.
The Question-and-Answer session begins at 15:12 of the video. WATCH:
Against the backdrop of Alberta, Canada proceeding with a plan to separate from the land of the Snow Mexican leftists, a leaked video conference call between U.S. President Trump, Alberta Premier Danielle Smith, Doug Ford and Prime Minister Mark Carney is created.
Ahead of the upcoming election, Tucker Carlson interviews Canadian government official, Maxime Bernier.
In the background of the conversation the leading candidates for Prime Minister, Mark Carney and Pierre Poilievre both hold similar trade and tariff views, both support a new alignment with the EU, and both support cultural Marxism. Canada has their own version of the UniParty. WATCH:
Chapters:
0:00 Who Was Justin Trudeau Really Working For?
7:53 the Invasion of Canada
9:19 Pierre Poilievre Is a Fraud
13:25 The Attempts to Destroy Christian Countries
15:51 The Trade War Between Canada and the US
20:03 The Canadian Government’s Ridiculous Climate Change Agenda
21:59 China’s Control Over Canada
According to the explanation, there are two “sector specific” tariffs in Semiconductors and Pharmaceuticals that will be announced in the next few months. The recently announced “exemptions” are products that will be included in the sector specific tariffs that are also identified as “non-negotiable” tariffs.
Semiconductor items, automobiles, steel and aluminum as well as pharmaceutical products will fall under categories or ‘sectors’ of products that will be non-negotiable in all trade agreements for the tariff levy applied. Any nation who enters negotiations for new Free Trade Agreements (FTAs) will not be permitted to negotiate trade on semiconductor products, automobiles, steel, aluminum and medications. WATCH:
When President Trump announced the 90-day pause in combination with the increase in tariffs against China, there was a background element missed by many.
At the moment President Trump triggered the public announcement, U.S. Trade Representative Jamison Greer was testifying to congress.
President Trump is not a jerk. Donald Trump would not put a top executive Greer in that optically vulnerable position if USTR Greer was the tip of the spear, it’s just bad business form.
The timing and background indicate something more substantial. For what we are calling ‘the BIG UGLY’ Treasury Secretary Scott Bessent is the point, Greer is a functionary. It’s a shift from the Term-1 approach, because the global trade reset is magnitudes bigger and more substantive.
This approach would also explain why Robert Lighthizer was not reenlisted in Term-2. If Lighthizer was in Greer’s chair in front of congress at the moment of the public announcement, he would have been furious and rightly so. Lighthizer and Wilbur Ross were the tip of the spear in term-1, Lighthizer facing the region of Asia and Ross facing Europe; but the same strategy is not present in term-2.
In the Term-2 trade reset, the entire globe is being targeted simultaneously. Enter, the U.S. Treasury Secretary in a bigger, more substantive, and much more prominent role due to the scale of the trade reset.
This trade approach is much bigger, obviously. As the nuclear-level trade detonation takes place, Secretary Bessent is in control of both the financial market response and the core finances of the USA as it relates to the reverberations.
