I don’t want to say ‘I toldya so’, but….  Listen carefully to the answer to the first question at (05:00 minute mark) as President Trump responds to the question about the USMCA with Canadian Prime Minister Mark Carney next to him.  The USMCA is “effective, and it’s still effective, but people have to follow it,” inferring the issues of Canada as a tool to avoid China tariffs, President Trump said.

Then comes the part everyone will overlook as President Trump notes, “as you know it terminates fairly shortly. It gets renegotiated fairly shortly.” Then comes the biggest statement, “this was a transitional deal, and we’ll see what happens, we’re going to start renegotiating that”… “I don’t know if it serves a purpose anymore.”  …. “And the biggest purpose it served was, we got rid of NAFTA.”  This presents the future of the USMCA and specifically the U.S-Canada aspect to the trade deal exactly as we anticipated.

President Trump is going to exit the trilateral USMCA in favor of two distinctly different bilateral trade agreements between the U.S and Mexico; and the U.S and Canada.  The only consideration now is the timing.  President Trump is 100% focused on the BIG ECONOMIC PICTURE; it’s not about the politics, it’s all about the economics. [Also pay attention to USTR Jamieson Greer]  WATCH:

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Prime Minister Mark Carney knows what is coming. His response about stepping up their military spending to meet NATO obligations is part of that dynamic.

The 51st state remarks were all about getting Canada into a position where Trump is about to open up two distinctly different bilateral trade agreements.  The relationship that Canada has with China is a major risk to Carney’s position.  Canada doesn’t stand a chance.  In essence, at the end of this journey of economics North American trade is going to be entirely different.

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India was under pressure by both sides, the USA and China.  Part of the Trump Indo-pacific plan was a geopolitical trade strategy aligning the United States with India.  However, Beijing was pressuring India to reject alignment with the USA and form a mutually beneficial trade block with China.

India has rejected the Chinese plan and chosen to follow the USA model because access to the U.S. consumer base is the stronger economic influence.

The result? Once again, sad Panda.

INDIA – India has sided with the United States (US) President Donald Trump on the trade war with Xi Jinping of China. Reports indicate that Indian Prime Minister Narendra Modi is ready to accept all conditions of the US in a trade deal.

Trump raised tariffs on most Chinese imports to 145%, citing the need to reduce the trade deficit and encourage domestic manufacturing.

In retaliation, China has imposed 125% tariffs on US goods and implemented non-tariff barriers, including export controls on critical rare-earth elements.

Indian Prime Minister Narendra Modi visited Trump in the White House in February 2025.

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According to the people present, when former Canadian Prime Minister Justin Trudeau traveled to Mar-a-Lago to meet with President-elect Donald Trump, his primary objective was to inform President Trump his public demands for U.S. trade reciprocity with Canada were unachievable.

Trudeau was not lying.  In this outline we will explain a dynamic that is certain to surface this summer.

President Trump has deferred all North American trade negotiations with Canada and Mexico until later in the year, after the priority trade deals with other large trade partners are completed.  The USMCA trade pact is due for review and renegotiation this year [BACK STORY]. We should expect an entirely different trade pact as an outcome, quite possibly the ending of the trilateral nature of the current agreement.

A few days ago, Politico noted that Canadian Prime Minister Mark Carney had a reprieve from his prior campaign points about confronting President Trump on tariffs immediately.  PM Carney is currently trying to align allies for what will likely be a major confrontation that he cannot win.

♦ BACKGROUND – Following the 2024 presidential election, Prime Minister Justin Trudeau traveled to Mar-a-Lago and said if President Trump was to make the Canadian government face reciprocal tariffs, open the USMCA trade agreements to force reciprocity, and/or balance economic relations on non-tariff issues, then Canada would collapse upon itself economically and cease to exist.  In essence, in addition to the NATO defense shortfall, Canada cannot survive as a free and independent north American nation, without receiving all the one-way benefits from the U.S. economy.

To wit, President Trump then said, if Canada cannot survive in a balanced rules environment, including putting together their own military and defenses and meeting their NATO obligations, then Canada should become the 51st U.S state.  It was following this meeting that President Trump started emphasizing this point and shocking everyone in the process.  However, in the emotional reaction to Trump’s statements, no-one looked at the core issues outlined by Trudeau that framed President Trump’s opinion.

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As we saw previously in Term-1, President Trump has again divided and assigned trade negotiation responsibility to key cabinet members.  In this interview with CNN National Economic Council Director Kevin Hassett smiles and walks effortlessly through the narrative engineering attempt by CNN pundit Kassie Hunt.

This is a must watch interview if you are following the details of the current global trade renegotiation.

Hassett outlines the current status of trade negotiations with some of the biggest trade partners in the world.  India and Southeast Asia are being handled by Treasury Secretary Scott Bessent.  Commerce Secretary Howard Lutnick is in control of the section 232 (national security) tariffs, and USTR Jamison Greer has 19 current Free Trade Agreements outlined with various partners all willing to accept the reciprocity agreement.  WATCH:

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DAY 100

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.

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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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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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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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Appearing on This Week with George Stephanopoulos, regime commander for the hard left, White House Director of the National Economic Council, Kevin Hasset, shared that, “more than 50 countries have reached out to the president to begin a negotiation.”

Despite all the media pontification to the contrary, this notation should not come as a surprise, considering how dependent many emerging nations are on access to the U.S consumer market.

The ‘taking a knee’ sequencing should be reviewed through two closely intertwined metrics. (1) The wealth of the nation; and (2) the dependency of the nation.  Both metrics are closely aligned, and that will be the commonality of the first to line up to join a zero-tariff trade agreement.

More wealthy, parasitic and ideologically opposed nations will fight hard before they acquiesce. However, they will eventually acquiesce and come to terms.  The wealthy nations (like EU etc.) will be the most vocal in opposition to the global trade reset; and they will also be the voices we should see strategically ignored by President Trump.

NEC Director Kevin Hassett cuts through the Stephanopoulos talking points like a ninja quokka. WATCH:

You know Stephanopoulos is outwitted when he relies upon Rand Paul to frame his narrative.  lol

Regarding the Russia talking point.  How is Trump supposed to calculate a tariff regime against a country we have placed under trade sanctions with a full economic embargo?  There’s no current U.S. trade with Russia, deficit or otherwise, so there’s nothing to tariff.

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