President Trump was traveling from Washington, DC to New Jersey aboard Airforce One and took the time to walk back in the plane to the assembled press pool. President Trump took numerous questions on the topics of Kilmar Garcia, the Chinese trade negotiations, Elon Musk and current economic conditions.
President Trump also notes the Big Beautiful Bill is gaining support in the Senate and he is optimistic it will pass without too much issue. Additionally, President Trump responded to a question about Ukraine by noting the drone attack against the bomber installations ends up giving President Putin the motive to continue more aggressive bombing of Ukraine, “here we go”… WATCH:
Press Briefing by the White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent on Unleashing Economic Greatness.
Inbound Investments So Far:
Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
Apple announced a $500 billion investment in U.S. manufacturing and training.
NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
President Donald Trump talks about placing tariffs on Canadian goods. Ontario Premier Doug Ford talks about “inflicting as much pain as possible on the American people.” See the difference? Tell me again how the term “snowmexicans” is insulting. I digress.
A few thoughts. First, apparently Doug Ford doesn’t quite understand that tariffs on steel, aluminum and auto imports are not part of the “reciprocity” tariff regime. They are an entirely different category classified under national security directives to ensure American industrial capacity.
Second, as Canada moves into the “freedom fries” phase, voices like Doug Ford might want to consider the end of this continuum that finds the word “embargo” in the lingo. Perhaps President Trump would consider elevating the conversation to “reciprocity” in the banking sector. Again, I digress.
Ontario Premier Doug Ford announces the Canadian government intention to “inflict as much pain as possible against the American people.” WATCH:
Canadians just don’t get it. Meanwhile, as it was within most of the originating negotiations of the USMCA, Mexico smartly stays quiet as stompy feet Canada draws the attention from President Donald Trump.
Commerce Secretary Howard Lutnick appears on Bloomberg to discuss the tariff approach of President Trump toward national security. Economic security is national security.
Lutnick correctly points out the crazy mindset of the Canadians and Europeans not understanding and respecting the big picture objective of President Trump. Ex. President Trump says we need steel and aluminum made in the USA, Canada responds with a tax on soccer balls. As Lutnick says, “really, I mean, REALLY?”
This interview is must watch television that cuts directly through the pretending and silliness. WATCH:
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.
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.
Today, President Donald J Trump signed an executive order triggering the first ever system of “reciprocal trade tariffs,” a seismic change in U.S. trade policy that will also consider the respective nation’s VAT (Value Added Tax) tariff.
Within the executive order [as outlined], the Secretary of Commerce and the United States Trade Representative will consider foreign industry subsidies, and non-monetary tariff barriers as part of the determination of the tariff levied. This is a stunning shift in U.S trade agreements that will cut through all the angles being deployed to avoid U.S. tariffs and block U.S exports into their country.
The policy will pressure foreign nations to lower their trade barriers to U.S. goods and eliminate disparity in foreign trade agreements. One big example will be the impact on the EU through the continuing Marshall Plan. The EU will now face reciprocal tariffs and no longer benefit from one-way tariff acceptance. There are obviously no tariffs on products made inside the USA.
With “reciprocal tariffs” the Commerce Dept and USTR will now determine the trade imbalances with each individual country and will evaluate each FTA (Free Trade Agreement), one-by-one to deconflict the trade imbalance. Direct tariffs, subsidies, regulatory hurdles, non-monetary trade barriers and hidden export subsidies will be addressed as part of the reciprocity evaluation. This is a completely new dynamic in the era of modern global trade and economics.
During the executive order signing event, President Trump took questions from the media. WATCH:
Between now and April 1st, each individual trade agreement will be evaluated with consideration for all facets of the cost for American companies to export to the evaluated nation. Direct tariffs, Value Added Taxes (VAT), state subsidies and non-monetary regulatory tariff barriers, will be determined for each nation. That nation will then be made aware of the tariff against each sector within their export system to the United States.
Effective April 2, 2025, President Trump will then have the tariff data provided by the USTR and Secretary of Commerce. President Trump will determine when the reciprocal tariff will be triggered and will likely engage in discussions with the leaders of the foreign nations.
These fireside chat-style impromptu pressers during executive order signings are awesome. The revolutionary change in government transparency and communication is, well, quite literally historic and stunning. The media can ask questions in real-time as the specific policy is implemented and explained, while simultaneously the ability of the media to shape an anti-Trump policy narrative is removed.
President Donald Trump sits down with Bloomberg Editor-In-Chief John Micklethwait for an extended interview. The interview is in partnership with the Economic Club of Chicago and is structurally President Trump facing down the globalists who sell Wall Street policy.
The interview was at times very combative as the interviewer, John Micklethwait, pushes a Wall Street ideology in alignment with the World Economic Forum. However, President Trump has already proven that his economic policies work.
President Trump stared down every WEF talking point and totally destroyed it. This interview is brilliant and a perfect juxtaposition for Economic Nationalism vs Multinational Globalism. President Trump tore the talking points apart. AWESOME!
Notice in the conversation about Tariffs, not a single word made by the “economists” on the value of the dollar and how pertinent it is in the equation.
When China and the EU devalue their currency to offset the impact of tariffs, the dollar value increases. This means it costs less dollars to import goods that come to the USA at a lower price (due to subsidies). Essentially, the diminished tariff impact is doubled.
Jumpin’ ju-ju bones, I think we may have found Wilbur Ross’s replacement. In this segment on CNBC Trump transition team leader Howard Lutnick, explains simple MAGAnomics to the panel. Make this guy both Commerce Secretary and Chairman of the National Economic Council in 2025!
Starting with an explanation of his role within the Trump 2025 transition team, Lutnick then walks through the MAGAnomic principles enmeshed in President Trump’s economic policies. Mr. Lutnick begins the policy part by outlining how energy restrictions are driving inflation through higher costs of goods. Yes. Yes and Yes.
Then Lutnick shifts to talking about tariffs and is one of the only advisors outside the 2017 team (Robert Lighthizer, Wilbur Ross) who factually references ending the insufferable “Marshal Plan.” Again, yes, yes and YES.
Howard Lutnick gets it. The essential core of MAGAnomics. Drive down the cost of goods through expanded energy development, then leverage reciprocity in tariffs to end the exfiltration of wealth. Then cut out regulation and unleash American enterprise. This is the way to reverse this insufferable economic trajectory that creates a “service driven economy.” The entire interview is well worth watching:
The flaw in every proposal from the left-wing thinking of Brian Fallon, is simply to say, “why hasn’t she done it already?” Joe Biden and Kamala Harris are currently in office, if they plan to eliminate income taxes on tips then why are they not doing it?
“Vice President Kamala Harris rolled out a promise to stomp out taxes on tips during a campaign stop in Las Vegas Saturday — prompting former President Donald Trump to rip her for “copying” one of his signature proposals.”
“It is my promise to everyone here, when I am President, we will continue our fight for working families of America, including to raise the minimum wage and eliminate taxes on tips for service and hospitality workers,” Harris told the crowd. WATCH:
President Donald Trump doesn’t pretend things are okay in the current ‘State of Our Union’ as he delivers a prebuttal to the anticipated speech of Joe Biden tonight. “It’s a horror show.” {Direct Rumble Link}
