U.S. Secretary of State / National Security Advisor, Marco Rubio, and Director of National Intelligence ODNI Tulsi Gabbard continue making background moves well worth noticing.

♦ Secretary Marco Rubio has moved forward with instructions to fire all overseas USAID staff.

WASHINGTON (AP) — Secretary of State Marco Rubio ordered U.S. embassies around the world Tuesday to move ahead with a directive to fire all remaining staffers with the U.S. Agency for International Development. He said the State Department will take over USAID’s foreign assistance programs by Monday.

A federal judge had temporarily blocked an executive order by President Donald Trump for mass firings at multiple federal agencies, including the State Department, and plaintiffs say Rubio’s reorganization plan appears to violate that court injunction.

The Trump administration says the plan was already underway when the president issued the order, so there’s no possible violation. U.S. District Judge Susan Illston has yet to make a determination. State Department spokesperson Tammy Bruce said Tuesday that Rubio’s directive “wasn’t a surprise.”

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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”:

[SOURCE]

The Second Chart is USA Inflation:

[SOURCE]

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.

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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

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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.

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White House Press Secretary Karoline Leavitt holds a press beating.  Livestream links below:

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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.

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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)

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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.

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Earlier today, California Governor Gavin Newsom claimed President Trump never called him prior to the President’s decision to take control of the national guard.  A few hours later President Trump showed the screen capture of his telephone call with Newsom proving the governor was a liar. President Trump was asked about it as he departed Fort Bragg returning to Washington DC.

On the military in Los Angeles: “I just want to see peace. If there’s peace, we get out. If there’s even a chance of no peace, we stay there until there’s peace.”  “I called in the military in Minneapolis, but it was seven days. I waited for this guy — the same guy that ran for vice president, who’s a very dumb person. He’s a Low IQ Individual like many Democrats are.”  WATCH:

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U.S. District Judge Charles Breyer rejected California Governor Gavin Newsom’s emergency ruling request for a temporary restraining order to stop the Trump administration from deploying military personnel to support the enforcement of immigration law in California.

Judge Charles Breyer granted the Trump administration’s request for more time to respond to the governor’s filing. The federal government has until 2 p.m. ET Wednesday to file its response. Breyer noted the state will have an opportunity to file its opposition ahead of a scheduled Thursday hearing.

While the initial ruling was against the political interests of Governor Newsom, do not look for this ruling to predict further action by the judge. District Judge Charles Breyer is former Supreme Court Justice Stephen Breyer’s brother.

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