President Trump delivers a speech at the White House outlining a global trade reset established on the principle of trade and tariff reciprocity.  [Primary Executive Order Here]  – [Executive Order Here]

“The post-war international economic system was based upon three incorrect assumptions: first, that if the United States led the world in liberalizing tariff and non-tariff barriers the rest of the world would follow; second, that such liberalization would ultimately result in more economic convergence and increased domestic consumption among U.S. trading partners converging towards the share in the United States; and third, that as a result, the United States would not accrue large and persistent goods trade deficits.”

“Put simply, while World Trade Organization (WTO) Members agreed to bind their tariff rates on a most-favored-nation (MFN) basis and thereby provide their best tariff rates to all WTO Members, they did not agree to bind their tariff rates at similarly low levels or to apply tariff rates on a reciprocal basis.  Consequently, according to the WTO, the United States has among the lowest simple average MFN tariff rates in the world at 3.3 percent, while many of our key trading partners like Brazil (11.2 percent), China (7.5 percent), the European Union (EU) (5 percent), India (17 percent), and Vietnam (9.4 percent) have simple average MFN tariff rates that are significantly higher.”

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Country-specific ad valorem rates of duty as specified in Annex I to the main Executive Order.

The tariffs generally target completed goods, not the imported chemical or component materials needed to by industry to manufacture the products domestically.  Annex II are the exemptions to the Executive Order.

I have been going through the details and will have much more soon.

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Tariffs simply work. This is no longer a debatable issue, and decades of Wall Street gaslighting collapses as the outcomes of tariffs generate visible economic benefits for all Americans.

South Korea-based Hyundai and President Donald Trump announced a $20 billion investment in US on-shoring on Monday, which includes a $5 billion steel plant in Louisiana,

The $5.8 billion Louisiana facility will be the car manufacturers’ first steel manufacturing facility in the US and will produce more than 2.7 million metric tons of steel a year and create more than 1,400 jobs. It will supply steel to auto plants in Alabama and Georgia, Trump said in remarks at the White House.

The announcement at the White House included President Trump, Hyundai Chairman Euisun Chung and Louisiana Governor Jeff Landry. WATCH:

The Hyundai announcement comes as the highly anticipated April 2nd “reciprocity tariffs” are scheduled to begin against all nations.  For the EU this means an end to the 80-year-old Marshal plan of economic benefit.

Effective April 2, 2025, the U.S. will begin a process of reciprocal tariffs on imports from all nations with tariffs against U.S. products.

If a nation charges a 20% tariff on a U.S. good, in combination with a 20% non-tariff trade barrier, President Trump will calculate the financial impact and then reciprocate with a 40% tariff put on that nation’s goods being imported to the USA.

Globally, all nations are calculating how to deal with this issue.  Hyundai’s best position calculations end up with this announcement.

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Interim installed Canadian Prime Minister Mark Carney has confirmed the snap election for Canada is scheduled for April 28, 2025.

Given that Conservative Leader Pierre Poilievre generally sealed his fate with criticism of President Trump while aligning himself with a surging patriotic-leftist movement, it is now expected that Mark Carney will win the election.

Politico has an article about the dynamic underway, and the following quotes are noteworthy:

CANADA – […] Trump has even taken credit for turning the Liberals’ fortunes around.

“Before I got involved and totally changed the election — which I don’t care about, probably, it’s our advantage, actually — but the Conservative was leading against, I call him Governor Trudeau. The conservative was leading by 35 points,” he said Friday, while exaggerating the polls.

“I think Canada is a place, like a lot of other places, if you have a good candidate, the candidate is going to work,” Trump said.

[…] Canadians have responded to Trump’s intimidation tactics with an outburst of patriotism. They are canceling spring break plans, buying made-in-Canada products, damaging Teslas and booing “The Star Spangled Banner” at professional sporting events.

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For many of us who walk the deep weeds of honest economic analysis, this is the moment we have been waiting for.

Second only to the elimination of the U.S-Marshal Plan, which is scheduled to end April 2, 2025, the structural implementation of North American tariffs against Mexico and Canada provides the most significant opportunity for GDP expansion, jobs, wage increases and massive economic gains in the United States.

Simultaneous to the tariffs scheduled to go into effect tomorrow, President Trump notes U.S. food prices are positioned for major supply-demand changes that will benefit all American consumers.  What President Trump notes in the Truth Social message below, is a reality we experienced in 2018/2019 as the result of national agriculture supply.

[Source]

White House trade adviser Peter Navarro told CNBC on Monday that the inflationary impact from any tariffs would be “second-order small, so I don’t see the president wavering on any of this, because he knows in order to get to a world in which America is strong and prosperous, with real wages going up and (more) factory jobs. This is the path that he’s chosen.” (more)

CTH outlined the prediction for ’18/’19 back in 2016 when we discussed what happens when the American food supply equation is modified to focus on domestic production to the benefit of domestic consumers.   The food supply chain will shift, slowly at first and then ultimately by around Thanksgiving of this year (fall harvest) we will see major price drops in the American food basket.

There are going to be major opposition forces, notably related to decades of Big Ag exfiltration, screaming that U.S. consumers will see higher prices.  However, as previously experienced/outlined these claims are entirely false. We will see major drops in food prices as a result of a more balanced U.S production-import/export dynamic.

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I enjoy Kevin ‘Sid‘ Hassett very much.  He was awesome in Trump’s first term as an economic advisor, and he’s even better in term two as the Director of the National Economic Council (NEC).

When the people who controlled Joe Biden lost the 2024 election, they were angry.  They wanted to leave President Trump with as big a mess as possible and all actions were taken to create chaos that Trump would have to deal with.  Intellectually honest people noticed.

Part of their chaos operation was to drive up the cost of food, intentionally create inflation that Trump would have to handle.  The “bird flu” issue was part of the plan.  After the 2020 election the U.S. Dept of Agriculture ordered millions of chickens to be killed.  Simple quarantine process was dismissed in favor of a ridiculous slaughter.

During a CBS interview today, Margaret Brennan asked Kevin Hassett what the Trump administration was going to do about food inflation, and specifically the astronomical cost of eggs.  Hassett outlined the plan by first reminding Brennan that regarding spread, chickens don’t fly; ducks and geese do.  I almost spit out my coffee.  I enjoy Kevin Hassett.  Video and Transcript Below:

“Sid“

[Transcript] – MARGARET BRENNAN: We want to turn now to the economy and inflation, which, compared to last January, ticked up about 3% last week. Kevin Hassett is the director of the National Economic Council, and he joins us now. Good morning to you, Director.

KEVIN HASSETT, DIRECTOR, NATIONAL ECONOMIC COUNCIL: Good morning, Margaret, good morning.

MARGARET BRENNAN: So, I don’t have to tell you, but the rest of the country saw their egg prices at the grocery store go up. We’re now at a record high due to that bird flu outbreak, but also labor costs, and that’s contributing to food costs overall. When will the administration get that outbreak under control?

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Together with cabinet members from Commerce, the EPA and Energy, President Trump signed two executive orders today and holds yet another lengthy impromptu press conference.

The first XO was an order to remove federal COVID-19 mandates in education. No more COVID vaccines are federally mandated for school attendance.  The second XO is targeting the energy sector to unleash American energy independence [SEE HERE]. The Energy XO encompasses the revitalization of energy infrastructure and creating access to federal energy resources.

Additionally, keeping with a new process of holding impromptu press availabilities, President Trump took several questions from the media about ongoing current events including the meetings taking place in Europe around the Russia -v- Ukraine conflict.  WATCH:

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The press availability allows President Trump to speak directly to events as they unfold. It is remarkable transparency that cuts through the ability of the media to frame current issues.  A very smart communication strategy.

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UPDATE: Transcript Added

Shortly, Vice-President JD Vance is scheduled to meet with Ukrainian President Volodymyr Zelenskyy in Germany, at the Munich Security Conference.

The meeting was originally scheduled to take place this morning, however, a member of the Ukrainian delegation confirmed that their meeting will now take place after 5 p.m. local time in Munich (approximately 11 a.m. ET). Vice-President Vance delivered remarks earlier to the Munich conference.

If you do nothing else today ….  WATCH THIS SPEECH!

It is very interesting that JD Vance brought up the recent Romanian election and the nullification of the result by European courts.  Vance shot an arrow directly into the heart of the hypocrisy of ‘democracy’ as defined by the European control agents (essentially EU intel).  Within the remarks, Vance alludes to missing elections in Ukraine and other various anti-democratic activities that have been recently visible in the EU.

“There is no security if you are afraid of the voices of your own people,” Vance said.  Continuing, “if you are running in fear of your own voters, there is nothing the American people can do to assist you.” WATCH:

You can hear a pin drop as Vice President Vance, tells the EU bureaucrats exactly how their activity is undemocratic, totalitarian and against the will of the majority of the people they are supposed to represent.

This is a seismic confrontation between JD Vance, President Trump representing the true cause of liberty, and the EU elites who believe they know better than the proles underneath them with their pesky demands for freedom.  Congratulations to JD Vance and President Trump for pulling no punches.  This is awesome.

[Transcript]  “One of the things that I wanted to talk about today is, of course, our shared values. And, you know, it’s great to be back in Germany. As you heard earlier, I was here last year as United States senator. I saw Foreign Secretary David Lammy and joked that both of us last year had different jobs than we have now. But now it’s time for all of our countries, for all of us who have been fortunate enough to be given political power by our respective peoples, to use it wisely to improve their lives.”

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President Trump signs a batch of Executive Orders and takes questions from the assembled press pool in the oval office.

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Today at 10:30am former North Dakota Governor Doug Burgum will appear before the Senate Energy Committee as part of his confirmation process for Interior Secretary.  Livestream Links Below: 

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Senate confirmation hearings for President Trump cabinet nominations continue today.

10 a.m.: Scott Turner, secretary of housing and urban development. Lee Zeldin, administrator of the Environmental Protection Agency. Doug Burgum, interior secretary. 10:30 a.m.: Scott Bessent, Treasury secretary.

♦ Scott Turner, a former football player who served as a midlevel official in the first Trump administration, has been elevated as Mr. Trump’s pick to lead the Department of Housing and Urban Development.

♦ Former Representative Lee Zeldin of New York previously made an unsuccessful run for governor in the state in 2022. Now he has been tapped by President Trump to carry out his environmental policy and remove excessive climate regulations at the Environmental Protection Agency.

♦ Former North Dakota Gov. Doug Burgum made a $1 billion fortune in the tech industry before running for governor. Burgum, who has longstanding ties to oil and gas companies will seek to fulfill the “drill baby drill” energy independence policy expressed by candidate Trump. Burgum would be in charge of managing vast swaths of federal land and coastal waters in the Interior Department, as well as leases of those lands for oil and gas drilling.

♦ Scott Bessent is a billionaire hedge fund manager who has been a central economic adviser to Mr. Trump as the president-elect created a campaign agenda centered on raising tariffs on imported goods. Mr. Bessent, who will oversee some of America’s most powerful economic levers in the Treasury Department, has called for rolling back government subsidies, deregulating the economy and raising domestic energy production.

Burgum and Bessent will get the majority of attention from the ‘resistance’ democrats and the Moonbats amid their climate change base.

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