If you are concerned about the economics of American life, the first step is to understand the financial influences that were put into place by President Obama, then again with Obama’s team using the auspices of Joe Biden.

President Trump is rapidly untangling the tentacles of Obama’s “share the wealth” exfiltration policy, and he will achieve success on a scale most economic analysts cannot fathom.  Traditional financial media, including those who follow the influences of Wall Street are constrained by their need to retain pretenses.  However, President Trump and his economic team are very clear-eyed and focused.

We are already seeing major drops in core energy prices including gasoline.  These decreases will have downstream impacts on all consumer goods, and we will notice a significant drop in food prices in two steps.

The first will be moderate and the result of harvest one cost decreases. The second price drop will be even greater and will come as a result in major farm costs for the second harvest sequence. By Thanksgiving 2025, lowered energy prices in combination with ‘food prepared at home’ price drops will be the leading cause of a major decline in inflation.

In the background of this domestic outcome, the April 2nd tariffs will start to ripple through durable goods.  Initially, there will be waves and fluctuations as some durable goods prices increase and other durable goods prices decrease.  The more the components of the product are domestically manufactured, the more the price of the end product will drop in price.

As a result, the aggregate downward pressure (higher domestic content) will exceed the upward pressure (higher import content component goods) and overall prices for durable goods will decline.  This deflationary pressure point will increase over time as the end of the Marshal Plan starts to return dollars to the United States.

(more…)

I do not like this Canadian Prime Minister even a little bit; however, Mark Carney getting elected to run Canada would be the greatest benefit to MAGAnomics in the United States.  The insufferable doofus is completely enthralled with the views, perspectives and ideologies of globalism.

Prime Minister Carney’s “conservative” opponent, Pierre Marcel Poilievre, is a softer, gentler, and more effeminate version of former U.S. Presidential candidate Mitt Romney: he growls through his cashmere. In short, Canada is screwed.

All of that said, the normal thinking Canadians need to get through a Romney to get to a Trump; so, perhaps it’s better if Canada just increases the speed of the downward economic slope by installing Carney.

Somewhere around 80% of Canadians have no concept of how their economy is functioning {GO DEEP}. Most Canadians seem to think they have some form of capitalistic system in operation and tweeking the knobs will fix things; it won’t.

So, from an American political perspective, having Mark Carney carry out his policies and watching the system therein collapse, might break the borg-mindset.  It will be massively painful for Canadians when their currency hits around 0.25¢ to the US dollar.  However, that currency collapse will ¹more than eliminate any Trump tariff impact.

Prime Minister Carney outlined yesterday how he will increase the industrial carbon tax in order to align with U.K and EU trade partners on the issue of climate change. Taxing carbon, he says, is the key to unlocking excellent trade agreements with other ‘global trade partners’ who can then fill the void created by disconnecting Canada from the USA economy.

No, really, he said that. Carney believes it with all his heart. These economic comments come on the heels of Mark Carney telling French President Emmanuel Macron –in public– that Canada was the most European of countries outside the EU.  WATCH THIS (prompted):

¹Here’s how it will happen. CAD = Canadian Dollar, USD = U.S Dollar

(more…)

Commerce Secretary Howard Lutnick appears on CBS News to outline how the MAGAnomic tariff program immediately creates positive outcomes when President Trump identifies the specific targets.

As Lutnick appropriately notes, the EU has received one-way tariff benefit since the creation of the Marshal Plan in 1945.  President Trump is on track to finally end this exfiltration of American wealth.  Lutnick cuts through the nonsense and delivers a very non-pretending reality as he outlines how Canada doesn’t stop fentanyl, and Mexico doesn’t stop migration caravans.

This is an excellent explanatory outline of how President Trump paints the target, then Commerce Secretary Lutnick supports the targeting, and how foreign nations immediately respond to change their approach. WATCH:

As we notice today, for the first time since last year the Consumer Price Index now shows inflation slowing rapidly [CPI DATA HERE] as basic essential prices on energy and gasoline are dropping quickly and all downstream products start dropping in sequence.

Here is our current status after one month: – mortgage rates are down – egg prices are down – gas prices are down – overall inflation dropping – illegal immigration stopped at the border – wages going up – foreign aid shut down – woke initiatives being removed – massive manufacturing investments ongoing.

Hey, it’s winning folks, and it has only just begun.  Lutnick is absolutely correct.

(more…)

Commerce Secretary Howard Lutnick, another deliberate and happy warrior, appears on Face the Nation to deconstruct the narratives presented by NBC and Kirsten Welker.

Starting with the Mexico and Canada tariff issues, Welker incorrectly frames the current issue around economics. Secretary Lutnick presents the issue of the current Mex/Can confrontation for what President Trump has prioritized, the issue of illegal fentanyl smuggling across the border.

100,000+ Americans are killed each year with the intentional and purposeful transportation of Chinese drugs through the U.S. southern border of Mexico and the U.S northern border with Canada.  Both nations could, if they wanted, crack down on the illegal and dangerous drug trade; neither has prioritized the problem. Again, 100,000+ Americans are killed each year.  Think about it.  WATCH: 

“This is the way you run the country,” Lutnick said on NBC News’s “Meet the Press” with Kristen Welker. “You shut the border. You get our neighbors to do their job. It’s not only us who has to do their job. Why are our neighbors, who live and breathe off our economy, not taking care of America?”

“You have to remember this is a drug-related issue,” Lutnick said. “You’ve got fentanyl pouring into this country, killing 75,000 Americans, autopsied. And the president, you know, thinks it’s many, many more, multiples more.”

(more…)

Facing the potential for tariffs on Mexican assembled autos, Honda has cancelled plans to invest in a new auto factory in Guanajuato, Mexico, beginning in November 2027.  Instead, the car company will retool the Civic auto production facility in Greensburg, Indiana, keeping jobs in the USA.

TOKYO, March 3 (Reuters) – Honda has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.

The change underscores how manufacturers are scrambling to adapt to U.S. President Donald Trump’s proposed 25% tariffs on goods from Mexico and Canada. While several automakers have expressed concerns about the levies, Honda’s move is the first concrete measure by a major Japanese car company.

Japan’s second-largest automaker had initially planned to manufacture the next-generation Civic in Guanajuato, Mexico, according to the three people. Production was slated to start from November 2027, according to one of the people.  Mexico was chosen because rising costs were making it tough to produce the car in Indiana and Canada, one of them said.

(more…)

Moments ago, Commerce Secretary Howard Lutnick took the oath of office in the Oval Office as delivered by Vice-President JD Vance.

Secretary Lutnick is going to be a very key component in the MAGAnomic agenda, likely second only to President Trump. Just as Wilbur Ross was key to unlocking the economy in President Trump’s first term, so too is Secretary Lutnick going to play a pivotal role.

Long before President Trump won the election, Howard Lutnick was one of the few people who really understood the construct of MAGAnomics, how economic nationalism was crucial, and how the strategic use of tariffs creates massive GDP growth. The swearing-in ceremony is very uplifting, and both President Trump and Secretary Lutnick are very positive about the future.

At 11:38 of the video below, President Trump holds an impromptu press conference. WATCH:

.

(more…)

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.

(more…)

This is excellent news.  There are two distinctively different sets of tariffs scheduled to roll out in the next few days, weeks and months.

One set of long-term tariffs called MACRO tariffs focused on reciprocity and based primarily on economic fairness.  The second and more urgent set, are focused on the immediacy of national security, border security and the demand for allies to shut down their support for fentanyl distribution.

The Border Security tariffs of 25% against Mexico and Canada start on Saturday.  The media and corporate interests in/around Wall Street are in maximum apoplexy mode; however, Commerce Secretary Howard Lutnik previously explained the reason for the urgency.  The video is 5 minutes and well worth your time if you want to avoid the confusion being pushed by media. WATCH:

WASHINGTON – President Donald Trump on Thursday said he will impose 25 percent tariffs on Canada and Mexico beginning Saturday, reiterating concerns about illegal migration, fentanyl and trade deficits in remarks to reporters.

“I’ll be putting the tariff of 25 percent on Canada, and separately, 25 percent on Mexico, and we’ll really have to do that,” Trump told reporters while signing executive orders focused on aviation safety.

(more…)

President Trump announced via Truth Social that he had a “wonderful” and “very productive” conversation with Mexican President Claudia Sheinbaum.  According to the announcement, illegal alien migrants will no longer be permitted to traverse Mexico en route to the U.S. southern border.

[SOURCE]

The professional political left is currently in the process of heralding Sheinbaum as the Latin Angela Merkel; a diplomatic trade figure to stand up against horrible bully, Donald Trump.  However, the left is having a little difficulty assembling the rank-and-file message while reconciling Sheinbaum is a Jewish Mexican.

(more…)

President Trump has announced the nomination of Jamieson Greer to be the United States Trade Representative (USTR).  Jamieson Greer was the Chief of Staff to former USTR Robert Lighthizer.

In a previous nomination of Howard Lutnick as Commerce Secretary, President Trump noted Lutnick would have responsibility overseeing the office of the USTR.   Apparently Lutnick and Greer will be working closely together.   Great news.

[Source]

Greer is likely to be facing China first and most directly, as President Trump economically faces the EU and NATO over the Ukraine issues.

The second announcement on the economic team does not need confirmation.  President Trump announces the return of ¹happy warrior Kevin Hassett as Director of the White House National Economic Council (NEC).  This is awesome news, and Hassett is a great communicator.

(more…)