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Treasury Secretary Scott Bessent Provides More Details on Global Trade Reset Strategy

Appearing 4/8/25 on CNBC, Treasury Secretary Scott Bessent outlined some of the specifics within the negotiation strategy of President Trump as it pertains to the ongoing global trade reset.

Bessent notes at the request of President Trump, all administration officials were to pull back from commentary following the “liberation day” tariff announcement.  The objective was to give all nations’ time to absorb the impact while reducing the reverberation noise.

After a few days, President Trump then began to assess the inbound communication from various country leaders and their request for renegotiation.  The priority schedule permits the honest trade allies to come first in the que to the office of U.S. Trade Representative Jamison Greer, as approved by President Trump.

Japan and South Korean delegations and trade representatives will be the first trade teams engaged; not coincidently both of those ASEAN nations have pre-positioned manufacturing investment in the USA, the truest measure of a trade partnership.  The outcome of these first agreements will form the baseline for every nation thereafter.

Both Japan and South Korea have North American manufacturing systems in place; however, it is likely more investment in U.S jobs and products being created in mainland USA will remain a top priority.  Additionally, for these nations the largest element of their “reciprocity” will come from a commitment to reduce the trade deficit with better terms and bigger contracts for U.S. product imports.

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President Trump Delivers Remarks During the National Republican Congressional Committee Dinner

President Donald Trump attended the National Republican Congressional Committee (NRCC) dinner in Washington DC.

The main topic of President Trump’s remarks is the global trade reset, which includes a cumulative 104% tariff on China, as Beijing attempts to devalue currency and retain economic status.  President Trump is in full wolverine mode on the issue of trade.  There is no other issue that commands this level of intensity and deliberate effort.

MAGAnomics, American Main Street and economic security as national security priority, is the core issue to define President Trump’s doctrine. He is bringing the thunder, which we have referenced as “The Big Ugly.”  WATCH:

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U.S. Supreme Court Begins Dismantling Federal Judge “Temporary Restraining Orders” Against Constitutional Executive Branch Action

Many pundits and apoplectic Lawfare leftists are noting a set of four recent Supreme Court rulings favorable to the Trump administration.

The most recent ruling [pdf here] said nonprofit groups lacked legal standing to bring lawsuits challenging the firings of probationary workers at the departments of Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs.  As a consequence, the accompanying Temporary Restraining Order (TRO) is defeated.

Yesterday, the Supreme Court also ruled -generally favorable- to the Trump administration [pdf here] on the issue of Venezuelans in the United States labeled by President Donald Trump as “alien enemies.”  The justices ruled (5-4) to vacate a lower judge’s order that imposed a block on all deportations under Trump’s invocation of the Alien Enemies Act.

However, the court ruled to remove the TRO under auspices of the wrong venue for challenge; saying the deportees must challenge their status in the district court where jurisdiction of detainment takes place.

That split court ruling follows on the heels of Chief Justice John Roberts issuing an administrative order indefinitely lifting a lower court injunction [pdf here] that demanded the return of previously deported Abrego Garcia set by U.S. District Judge Paula Xinis.

In short, the Supreme Court, at least a narrow majority therein, appears to be knocking down the process of federal judge shopping to issue nationwide restraining orders against the Trump administration.  Twitter account Unseen1 has a solid and brief outline of what the court appears to be doing:

“The big win for Trump in the scotus today was not the resumption of deportations under the AEA (alien enemies act) (but that was big also). The major win was the court narrowing the federal district judges’ jurisdiction They once again narrowed the ability of the APA (administrative procedure act) which is the main law the vast majority of these unconditional judicial rulings have been made under.

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Commission President von der Leyen Coordinates EU Tariff Response with China

After previously saying her number one concern about President Trump’s tariff program was Beijing dumping all their excess products into the EU at a discount, EU Commission President Ursula von der Leyen announces she is coordinating the tariff response with China.

Apparently, the EU recognizes the ideological alignment of support from Canada just isn’t going to be enough to pressure President Trump and retain leverage into the U.S. market.  This is quite a remarkable admission from von der Leyen all things considered.  [STATEMENT]

President von der Leyen held today a phone call with Premier Li Qiang to discuss the state of EU-China relations, as 2025 marks the 50th anniversary of diplomatic ties.

The two leaders held a constructive discussion during which they took stock of bilateral and global issues.

The President underscored the vital importance of stability and predictability for the global economy. In response to the widespread disruption caused by the US tariffs, President von der Leyen stressed the responsibility of Europe and China, as two of world’s largest markets, to support a strong reformed trading system, free, fair and founded on a level playing field.

The President called for a negotiated resolution to the current situation, emphasising the need to avoid further escalation.

President von der Leyen emphasised China’s critical role in addressing possible trade diversion caused by tariffs, especially in sectors already affected by global overcapacity. The leaders discussed setting up a mechanism for tracking possible trade diversion and ensuring any developments are duly addressed. (more)

In the 2017 – 2019 version of the same dynamic, the EU was slow to realize the Trump impact to the Chinese economy would lead to less industrial purchases from Beijing.  This dynamic pushed the EU toward recession. In 2025 von der Leyen is trying to proactively mitigate that outcome.

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EU Commision Komisar Ursula von der Leyen Reacts to U.S. Tariffs and Prepares Countermeasures Against American Interests

President Donald J Trump announcing the end of the 80-year-old Marshall Plan (aka The European Recovery Program) of one-way tariffs against American imports has triggered a very predictable response from the European Union.

While saying the EU is prepared to enter negations toward a zero-tariff trade reciprocity, Comrade Ursula von der Leyen simultaneously announced that Brussels is prepared to launch countermeasures against The United States, in an effort to retain economic control and access to a U.S. consumer market they must exploit for their economic survival.

Speaking in very deliberate terms, the EU Komisar states the U.S. decision to demand reciprocity, and fairness will deliver “immense” and “dire consequences” for the New World Order and “global trading system.”  von der Leyen proclaims that global citizens will be impacted with higher grocery bills, shortages of medication and increased costs for transportation.

The leader of the world’s largest bureaucracy stunningly proclaims President Trump’s tariffs will increase the “burdens of bureaucracy.” The one-sided benefits and “interests of the European Union” will be protected at all costs.   WATCH:

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Regarding “countermeasures.” Again, we repeat the predicable response.  Together with their unelected ally in Canada controlling the North American response, watch for the EU to target Big USA Tech companies and financial service sectors.

The goal of the EU will be to assemble a tariff countermeasure response that will deliver political pain, not economic consequences.  That’s just how they roll.  The EU will leverage disgruntled Wall Street, banking and Technocracy sectors in order to put political pressure on Donald Trump to back down.

Optically this is the worst possible type of pontificating EU spokesperson to generate internal American opposition.  Frankly comrade Ursula, MAGA don’t give a damn. [Pinky Finger Salute]

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President Trump Warns China of “Additional 50 Percent Tariff and No Negotiations” Effective April 9th

President Trump is swinging the BIG UGLY hammer against the panda and the Beijing dragon behind it.

President Trump (Via Truth Social) –  “Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set.

Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!”  [LINK]

It must also be noted, this global reset and tariff system is visibly the fracture point between the Tech Bros and MAGA economic nationalists.  Elon Musk and Bill Ackman are now directly in opposition to President Trump and the global trade reset.

You know that ‘cleaving’ I was talking about? The issue of the Tech Bros -vs- MAGA?  Well, tariffs are the trigger.

Tech Bros do not know borders. Their industry and business sector are borderless. Tariffs are bold economic lines around a border.

  • Musk vs Navarro
  • Ackman vs Lutnick
  • Sacks vs Hassett

Tariffs are where the interests of the Tech Bros financially diverge from MAGA. The globalists and multinational corps who know this, specifically the EU team, will exploit this fracture point. They will target U.S. Tech industry in their tariff avoidance strategy to create division.  This is what EU Commission President Ursula von der Leyen is talking about when she says “countermeasures”.  Watch for it.

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Peter Navarro -vs- CNBC

White House senior policy advisor for Manufacturing and Trade, Peter Navarro, appears on CNBC television for an almost 20-minute long debate of Wall Street vs Main Street.

Navarro represents MAGAnomic nationalism, the rest of the CNBC panel represent the interests of Wall Street and their friends and neighbors who manage hedge funds and connected financial instruments.  Navarro held his own.  WATCH:

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President Trump Delivers Impromptu Remarks to Media Discussing Tariffs and Trade Reset with Media

President Trump smartly remained quiet after delivering the economic thunder-shock with his national security tariffs and new global trade expectations.  Now President Trump takes questions from the media about the initial reactions to the seismic event he created.

“China needs to solve the problem of the trade deficit with have with them,” is codespeak for China needs to open their markets to U.S. companies that have already established a footprint, AND China needs to purchase U.S. goods.  Despite the size of China, President Trump knows Beijing will never comply in earnest, so he gives the Panda a few words, but doesn’t give it too much time until the Dragon comes out from behind the mask.

President Trump notes he has “spoken to a lot of leaders from Europe and Asia” this weekend.  However, now is that powerful moment in any negotiation when the principal has clearly outlined his position, then remain silent as the opposition responds.   The “tariffs are instituted, they are not going away,” Trump said.

When questioned about having a “threshold” of “pain he is willing to tolerate,” President Trump notes the “question is stupid.”  We are responding to opposition who are playing a zero-sum game, there is no level of pain too intolerable when ultimately your survival as a nation is at stake.  Either we do, and win – or, we do not and die, that is our current status.

When questioned about having a zero-tariff agreement with Europe, President Trump references the scale of the imbalance.  “There’s no talk possible” with the EU unless they acquiesce.  Every country wants to make a deal, but “this is not sustainable” President Trump repeats.

When questioned about Tik Tok, President Trump notes there was a likely deal with China, but then Beijing responded to the tariffs and said the deal around the social media platform ownership was no longer possible.  Trump doesn’t care, he wants a TikTok deal; but ultimately, the tariffs are more important.

President Trump then weaves through the Russia conflict, bombs are still bad, and the Middle east conflict, Gaza is still full of terrorists, and moves directly into domestic national security.

President Trump then reaffirms he has not agreed to reduce, soften or smooth any tariffs against any nation.  The tariffs are in place, they will remain in place, and the global trade reset will continue until America wins. Period.

The remarks were ‘Full force Big Ugly‘ and the winnamins were flying off the shelves for 15 straight minutes.  I could not be more proud of our president.

HOLD THE LINE !

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Attorney General Pam Bondi #73

U.S. Attorney General Pam Bondi appears for her 73rd performance on Fox News this year.

As the DOJ embeds continue working diligently against the interest of the Trump administration, the top of the DOJ leadership structure appears for another performance to discuss the outcome of the embed diligence.  Yes, that’s the non-pretending reality currently being faced.

Not all, but many in key positions, are career DOJ lawyers working passively (weak arguments) and with willful blindness (purposeful mistakes) to undermine the agenda of President Trump.  The whac-o-mole General Bondi outlines is both external in the courts and internal in the Main Justice ranks.  Lawfare operatives are like cells within the larger body awaiting their turn to self-detonate.  WATCH:

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Sunday Talks: Treasury Secretary Scott Bessent -vs- NBC Kirsten Welker

Treasury Secretary Scott Bessent appears on NBC to discuss the current MAGAnomic tariff program and global trade reset. Bessent outlines how the history of President Trump’s tariff approach toward China (’17-’19) did not result in higher consumer prices for goods from China.

Secretary Bessent, like the rest of the MAGAnomic team, cuts through the talking points with direct evidence and analysis that destroys the preferred media narrative.  Video and Transcript Below:

 

[Transcript] – KRISTEN WELKER: And joining me now is Treasury Secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.

SEC. SCOTT BESSENT: Kristen, good to see you.

KRISTEN WELKER: It’s great to have you back after a very big week. Let’s start with the market reaction to President Trump’s announcement of his tariffs. As I just laid out at the top of the program, the markets lost more than $6 trillion in value. Was this disruption always part of the plan, Mr. Secretary?

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