The baseline tariffs remain, specifically as they pertain to China.  However, in a move to diminish public backlash President Trump has now exempted the majority of consumer electronics from the 125% reciprocal tariff levy.

The types of electronic and computer systems exempted, as announced by U.S Customs & Border Protection, Cargo Systems Messaging Service [DATA HERE], is extensive.  The machines used to make semiconductors will also be exempt.

All of the following products are now exempt from the larger global tariffs, including the tariffs in place against China:

•Computers (laptops, desktops, servers) •Workstations •Computer systems •Keyboards •Mice •Hard drives •Memory modules (RAM) •Power supplies •Computer motherboards •Graphic cards •Semiconductor manufacturing equipment: •Photolithography machines •Etching and doping machines •Wafer handling robots •Cleanroom systems used in chip fabrication Used by companies like TSMC, Intel, and Samsung in chip production. •Smartphones •Mobile phones with data transmission capabilities •Devices like iPhones, Android phones, and similar mobile communication devices •Wireless routers •Network switches •Modems (cable, DSL, etc.) •VoIP equipment •Communication hubs •Internet gateway devices •USB flash drives •SSDs (solid-state drives) •Memory cards (like SD, microSD) •Other flash storage devices used in everything from laptops to cameras and game consoles. •Individual solar cells, unassembled •Photovoltaic cells assembled into modules or panels, with or without bypass diodes •Custom or specialty solar panels •Microprocessors (CPUs, SoCs) •Memory chips (RAM, Flash, etc.) •Logic ICs, analog ICs, mixed-signal ICs •Specialized application chips (ASICs, GPUs, AI chips) •Widely used in all electronics: smartphones, laptops, vehicles, appliances, industrial controls •All types of LEDs [SOURCE]

The exemption announced April 11th is retroactive back to April 5th.  According to the announcement, companies who imported during the window of tariffs may request a refund due to changes in the Harmonized Tariff Schedule of the United States (HTSUS).

This is a major appeasement move to both the Communist Party of China (Beijing) and corporate tech titans like Apple.

There is no other honest framework to view this, other than President Trump retreated fearing backlash from corporate donors, Silicon Valley allies and the broader system of adverse politics.  The administration will try to spin this, but it is a really bad look.

Elon Musk won the argument, defeating Peter Navarro, Howard Lutnick, Scott Bessent and Stephen Miller.  I was wrong.  Obviously, Elon Musk has the most power and influence in the administration.

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Regarding the recently released Russiagate files. Again, emphasizing that process matters, let me explain how and why we are being purposefully misled, even with Trump ‘allies’ in control of various govt agencies (silos).

Using the reference of the James Wolfe storyline, let me outline how process matters and how you can tell when the process is being used to coverup corrupt activity in Washington DC.

Former Senate Intelligence Community Security Chief, James Wolfe, leaked the Carter Page FISA application to journalist Ali Watkins. We know from the DOJ indictment of James Wolfe [SEE HERE], a very specific set of evidence and key dates that was assembled against him.

James Wolfe was nailed for lying to FBI investigators about his leaks to Ali Watkins on December 15, 2017.  That is the date of the second interview with Wolfe.  During the third interview a few days later, Wolfe was shown the evidence against him, and he admitted his lies.  However, his indictment was not unsealed until June 7, 2018.

Key Dates: Busted for guilt December 15, 2017.  Indicted June 7, 2018.

♦ The evidence against Wolfe included text messages between Senate Intel Vice-Chairman Mark Warner, and the lawyer for Oleg Deripaska, an attorney named Adam Waldman. The text messages were made public on Feb 8, 2018, [SOURCE] four months before Wolfe was indicted.

♦ The evidence against Wolfe included text messages between Wolfe and journalist Ali Watkins.  Ms Watkins was notified of her phone records being seized by FBI investigators on February 13, 2018, [SOURCE] again four months before Wolfe was indicted.

Why was this evidence, all of which would have been useful at trial, purposefully released by the Mueller investigation who was in charge of everything related to Russiagate at the time.

Shortly after James Wolfe was indicted, the Title-1 FISA application he leaked was then released to the public under the auspices of a FOIA request.  Wolfe indicted June 7, 2018, the FISA application released publicly July 21, 2018 [SOURCE].

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Things are again not what they seem, but you have to stand back to understand the right questions.

People have asked about the recent release of the declassified FBI documents (a partial release) and what they mean.  Having spent years deep in the research, here’s my take.

At first blush people may say there’s nothing really there that we didn’t already know. I would differ on that perspective because the process is telling us something very loudly, and the absence of material is shouting even louder.

Simple question:  This stuff was declassified by President Trump and released by the FBI, correct?  If so, then why isn’t the release simply uploaded to the FBI.Gov website.  Why release it to congress and then leak it to John Solomon?

Read the underline.  First things first. Explain to me exactly how these were “obtained.”  Where did Solomon get them?

[SOURCE]

If it’s all on the up-and-up, and if it is simply an outcome of declassified material, then why is sourcing for the documents clouded in some weird mystery.  Shouldn’t we know the process?  Those of you who remember the FISA application release, will know why this process issue is important.

Next, the information is given to the founding member of the “Tick Tock” club.  John Solomon has singularly been responsible for more purposefully controlled information releases than any other ‘conservative’ media rep for the Intel Community.  The Russiagate files coming from Solomon should be the first big “red flag” that causes pause.

Who game them to Solomon?  And again, why not just upload them to a .gov website (DNI, FBI or even HPSCI).

I suspect the intention here, the motive of the process, is to focus on the politics of the release, NOT the illegal nature of the conduct that is contained within the evidence the release outlines.  They want the public focused on the “politics” not the “illegal surveillance” and unlawful conduct that underpins Russiagate.

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The absolute #1 tell highlighting this as a nonsense exercise, a delay tactic on behalf of the swamp, is the venue for Tulsi Gabbard’s “new task force” announcement, Sean Hannity.

In order to pass DC approvals for confirmation, Gabbard had to join the ‘FISA is awesome’ club.  Now, she aligns her DNI silo with the foolishness of the Sean Hannity ‘tick-tock’ club.  Sorry, but we’ve seen this performance so many times it is now blood boiling to watch them try and repeat it.

DNI Gabbard claims she is creating a new “transparency task force” to analyze information for potential declassification and public release.  However, the task force will now have to “dig” until they have every document discovered, before they can release it, because releasing information as it is discovered is against the operational mission of the people who control the silo process.  But she swears, if you wait for it, it will come. “Trust the plan.”

Oh, it’s so complicated.

Oh, it’s so big and hard to do.

Oh, the evidence is so hard to find.

This is the same nonsense story from Bill Barr, John Durham, Michael Horowitz and the other previous members of the Sean Hannity ‘tick-tock club,’ including John Solomon (controlled releases) and other “conservatively aligned” tradecraft media.  Barr is now Bondi, Wray is now Kash, Durham is now Bongino, the audience is the same.  It’s nonsense.

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The rapid change in Ursula von der Leyen now starts to make sense.  According to a press release [SEE HERE] from European Big Pharma, they recently had a meeting with the EU Komisar and threatened to leave Europe if the trade system is not renegotiated quickly.

President Trump is on the cusp of announcing a big change in tariffs against foreign pharmaceutical companies in an effort to get the manufacturing of medicines brought back to the USA.  Details are soon to surface.

In a proactive move, the European Federation of Pharmaceutical Industries and Associations (EFPIA), went to the European Commission (EC) yesterday to hold talks with von der Leyen, calling for radical change and holding the threat of an exodus to the U.S. over the EC president’s head.

PRESS RELEASE – Today, CEOs of the research-based pharmaceutical industry issued a stark warning to President von der Leyen that unless Europe delivers rapid, radical policy change then pharmaceutical research, development and manufacturing is increasingly likely to be directed towards the US.

A survey of EFPIA member companies conducted last week – to which 18 international large and medium-sized innovative companies responded – identified as much as 85% of capital expenditure investments (approximately €50.6 billion) and as much as 50% of R&D expenditure (approximately €52.6 billion) potentially at risk. This is out of a current combined total of €164.8 billion in investments planned for the period 2025-2029 in the EU-27 territory. Over the next three months, companies that responded estimate that a total of €16.5 billion i.e. 10% of the total investment plans is at risk.

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Within the Executive Order modifying the April 2nd global reciprocal tariffs [SEE HERE] section #4, we note a massive increase in the duty fees for mailed products from China formerly shipped under ‘de minimis’ rules.

REMINDER: The de minimis loophole comes from back in the 1930s. The idea back then was, say you went on a vacation to Paris, you shouldn’t have to file customs paperwork or pay taxes if you decided to ship some little Eiffel Tower statues to your friends back home.

Congress in 2015 then raised the de minimis threshold from $200 to $800. However, the e-commerce world exploded, and Chinese companies began using the de minimis loophole to ship cheap goods (ex. Temu and Shein) into the USA direct to consumers without paying any customs duty.

On April 2nd, as part of the global trade reset and tariff structure, President Trump revoked authorization for Chinese goods to transfer to the USA using the de minimis rule. The de minimis exemption was cancelled for all products coming out of China. The rule change only targeted China and Chinese shippers. No one else. [XO HERE]

Yesterday, as part of the modification to Executive Order #14257, President Trump has increased the baseline tariff for product mailed from China [de minimis tariff] from 30 90 percent to 120%.

Mailed products from China now face a 120% tariff.  Additionally, minimum tariff amounts increased from $75 to $100 effective May 1st, and from $150 to $2oo effective June 1st.  [See Section #4]

Example: If you order a $20 shirt from China effective June 1st, you will pay $220.  $20 for the shirt, and $200 minimum tariff.

There is no way Chinese E-Commerce can survive this level of tariff/duty fees.

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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.

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White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent hold press gaggle outside the White House. US Treasury Secretary Scott Bessent gives details on the China tariff increase and the 90- day tariff pause on other countries.

As outlined in the press remarks, 75 countries have contacted the White House to renegotiate their access to the U.S. consumer market.  Secretary Bessent noted, each of these new trade agreements needs to be handled independently and “President Trump wants to be personally involved in each one. That’s why there is a 90-day pause.”

Bessent revisited his prior comments and warning to global trade partners about not retaliating to last week’s announcement.  The hostile response from China was the triggering mechanism for the tariff increase. WATCH:

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The first part of this announcement is clear, Chinese tariffs are now raised to 125% effective immediately.  The latter part of this announcement is less clear; however, it appears that all other trading nations have their reciprocal tariffs lowered to 10% for a period of 90-days.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.

Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!”  [SOURCE]

♦ Steel and Aluminum tariffs of 25% remain for all.

♦ Auto tariffs of 25% remain for all.

♦ Reciprocal tariffs 10% for all, 125% for China.

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“Shark Tank” star and investor Kevin O’Leary says President Trump’s tariffs on China aren’t high enough and calls for a 400% tariff on the country. “It’s time to squeeze Chinese heads into the wall.”

O’Leary wants President Trump to go full wolverine. Awesome.  WATCH:

Full Segment Below:

My thoughts: Replace the Tech Bro regiment with union Democrats.  We were always destined to lose Silicon Valley, lets control the timeline of departure. The self-interest dynamic has now shifted. Ship the Tech Bros to China, then invite Vladimir Putin to a State Dinner.

We are at a very important inflection point. If we are going to face The Big Ugly with China, we cannot afford divided loyalties. We cannot afford conflicted interests.

Pull in the knuckle-draggers, the pipefitters, the hardcore unions and even the sketchy elements of the criminal underground who at least love America more than all else.  The core weapons we now need are brutal power, economic nationalism and industrial patriotism.

We are now at the moment when we need Whiskey to replace Soy. It’s time to get mean, brutally, harshly mean. Delicate sensibilities must be dispatched like a feather in a hurricane.

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