During an oval office event to celebrate the Juventus team, President Trump took questions from the assembled press pool.  The questions begin at 01:44 of the video below – prompted.

President Trump notes a situation room meeting was scheduled for updates in approximately 1 hour.  The president also notes the Iranian delegation wants to meet to discuss the ongoing conflict; President Trump is not in a hurry to hear the requests at the current time.

President Trump is asked about what changed his perspective and leaned toward a willingness to engage with U.S. support for the physical removal of the Iranian nuclear capabilities.  Trump notes Israel is proceeding “well” on a planned course of action to eliminate the threat Iran represented. WATCH: 

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U.S. President Trump and U.K Prime Minister Starmer finished signing the details of the U.S-U.K trade agreement on heavy industry, aerospace, car tariffs and automobile trade.   Both Trump and Starmer delivered remarks to the assembled press pool prior to answering questions.

The media were full of questions for President Trump about the latest developments in the Israel-Iran conflict.  President Trump noted he needs to conclude the commitments on his schedule before he can engage in Iranian negotiations.

The British media, maintaining their longstanding history against the Russian Federation, are worried that President Trump might like Russia and or even agree with Russian perspectives.  To the British press this possibility gives them the vapors.  President Trump tries to intercept the U.K fainting by reminding the Brits the goal is to “stop death” at a rate of 5,000 young lives per week.  WATCH:

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Canadian Prime Minister Mark Carney welcomes President Donald Trump at the beginning of the working sessions for the G7 assembly in Canada.

During the press availability President Trump notes the G7 used to be the G8, however following the Crimea referendum and President Putin’s response to accept the outcome of the vote, the NATO alliance led by President Barack Obama took Russia out of the group.  President Trump says he “agreed” with Putin’s reaction to the decision.

The G7 speak about Russia consistently at almost every meeting, without a willingness to listen to the voice or opinion of Russia in context to their protestations.  Quite simply it is easier for Italy, Canada, the U.K, France, Germany, Japan and the USA to exist inside an echo-chamber without having their multilateral arguments challenged.  President Trump does not fear the debate of ideas with Russia present in the room, another point of distinction between Trump and the assembly.

Wrong is wrong even if everybody does it; and right is right even if nobody does it. It takes strong confidence to assert a position counter to popular opinion, this is what makes President Donald Trump a transformative political influence.

In the background, President Vladimir Putin is undoubtedly paying attention.

Also, read carefully what President of the European Council António Costa said today:

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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.

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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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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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After reading the details of this arrest involving the smuggling of biological Roundworms, parasitic nematodes that can infect humans and animals, I am definitely adding Ivermectin and fenbendazole to the crisis kit.

Last week, two Chinese nationals were charged with allegedly smuggling into the U.S. a fungus called “Fusarium graminearum, which scientific literature classifies as a potential agroterrorism weapon. This week another Chinese national was arrested for smuggling in biological material containing Roundworms. Both the fungi and the Roundworm material can target and impact the U.S. agriculture sector, i.e. food supply.

DETROIT – Chengxuan HAN, a citizen of the People’s Republic of China (PRC), was arrested and charged in a criminal complaint with smuggling goods into the United States and false statements, announced United States Attorney Jerome F. Gorgon, Jr.

Gorgon was joined in the announcement by Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation, Detroit Division, Acting Director of Field Operations John Nowak, U.S. Customs and Border Protection and Jared Murphey, acting Special Agent in Charge, U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), Detroit field office.

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After President Trump had a direct telephone call with Chinese Chairman Xi Jinping, President Trump announced from the Oval Office that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer would meet with their counterparts from China again, only this time Bessent and Greer will be accompanied by Commerce Secretary Howard Lutnick.

President Trump repeated the same announcement via Truth Social:  “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well. Thank you for your attention to this matter!”

While each of the trade Wolverines have teeth, Howard Lutnick is the enforcer. The issue surrounds prior promises made in Geneva to Bessent and Greer on the continuation of mined and refined rare earth minerals from China needed in batteries.

The addition of Lutnick is akin to President Trump saying, go ahead and make the promise again – only this time Lutnick will be there to spell out the consequences of inaction.

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