Reciprocal tariffs
Yesterday, President Trump held up a chart at the White House Rose Garden detailing the reciprocal tariffs he would impose on the countries that America trades with. They weren't exactly reciprocal as they had a base line minimum of 10% and they were usually half of what many other countries charged the US. The President explained that the tariffs are necessary to counter trade barriers that other countries have placed on America. Clearly, he has a point: Other nations do have higher tariffs than the United States does.
The tariffs are in addition to past tolls, such as those Trump placed on China. They exempt some goods, including some forms of energy, pharmaceuticals and things that have already been tariffed, such as cars, steel and aluminum.
Trump offered one consolation: Trump said he would withdraw his tariffs if other countries rescinded their own trade barriers. Israel has already dropped all of its tariffs on US goods and Canada has offered to do the same. This issue will help to define President Trump's second term. It may be part of a success story or a monumental failure. We are only halfway through the first chapter.
In other news:
Hungary announced that is withdrawing from the World Court after Benjamin Netanyahu arrived in the country for a visit despite facing an international arrest warrant.
Three U.S. citizens sentenced to death over a failed coup attempt in the Democratic Republic of Congo have had their sentences commuted to life imprisonment. I wonder who they were working for?
The U.N. accused Israel of killing 15 of its "humanitarian workers" in Gaza.
Multiple tornadoes were reported across the south and Midwest.
Amazon made a bid to acquire TikTok which has a Saturday deadline to find a new owner. The U.S. has also discussed a possible deal with Oracle, the tech giant co-founded by Trump’s friend Larry Ellison.
Tesla’s global sales in the first quarter fell 13 percent from a year earlier, in part because of all the vandalism emanating from the radical left.
A judge in New York finally did something according to the law and dismissed the corruption case against New York City’s mayor, Eric Adams, now that the Justice Department dropped it.
The Supreme Court upheld an F.D.A. order that prohibited retailers from marketing flavored vapes, which are popular with teenagers.
Milbank, a large law firm, agreed to a deal to provide $100 million in pro bono legal services to causes supported by President Trump.
Xavier Becerra, the controversial former secretary of the Health and Human Services Department, announced that he would run for Governor of California.
Voter counts reveal that the liberal candidate in Wisconsin’s Supreme Court race benefited from an exceptionally large democratic turnout.
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Good morning and welcome to the news.
Let us all grab our coffee and make plans for another big day.
Do you want cheese on your Egg McMuffin?
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Now you know why I'm so fond of them.
Good!!!
Fanatics are going to fanatic.
That's a breaking story.
Good job.
Bubba is gonna love that nancy-boy.
I've been following the Canadian news fairly closely and I never saw that. Do you have a link to a source I can open?
He may not speak for all of Canada, but I heard it last night:
"Ontario Premier Doug Ford said Canada is willing to remove all tariffs currently imposed on the United States if the Donald Trump administration backs down on its own measures, set to be announced on Wednesday in what he has described as "Liberation Day."
Canadian Premier Says He's Willing To Remove Tariffs 'Tomorrow' If Trump Backs Down
Now we are talking. Hope it happens. No one really wins in a trade war like this so it’s unfortunate that threats of tariffs is required to bring some folks to the table.
It has yet to shake itself out and it remains to be seen how it will work out.
I have hope it will end for the best. For both parties
I'm hoping that we can return to the time when average Americans can afford homes and cars again.
Still paying for 40 year high inflation. Unfortunately that won’t magically go away just because rates are lower right now.
It is going to take time. It's like getting a boy through boot camp.
a willfully ignorant comment ...
It is called FACT checking.
BREAKING: AG Pam Bondi announces charges against Cooper Frederick for allegedly firebombing a Tesla dealership in Loveland, Colorado.
He faces up to 20 years in prison.
Looks like a college boy.
U.S. District Judge Anthony Trenga just blocked the CIA and the Office of Director of National Intelligence from firing employees who worked on DEI initiatives.
Trenga, the judge who also oversaw Durham’s case against the Russian-born Igor Danchenko, kneecapped the special counsel ahead of the October 2022 trial, including ruling that Durham could not use details from the FBI’s prior counterintelligence investigation into Danchenko. He was accused of being the main source for British ex-spy Christopher Steele’s debunked dossier . Trenga limited a host of other evidence Durham had sought to show the jury as well.
During the trial, Trenga dealt Durham's case another blow as he dismissed one of the false-statement charges brought against Danchenko, who was acquitted of all charges in October 2022. The Eastern District of Virginia is known for handling many national security cases, and Trenga has also been a member of the Foreign Intelligence Surveillance Court since May 2020, and has been the presiding judge on the secretive court since May 2023.
Same judge blocking CIA efforts to fire DEI employees hamstrung the Steele Dossier prosecution | Just The News
The same judge? Interesting.
When does a DISTRICT JUDGE have jurisdiction over federal departments?
Never.....
THIS! Sen. John Kennedy Throws YUGE Wrench Into Fed. District Courts Trying to BLOCK Trump Admin (Watch) – Twitchy
I'm sure it was a "random" drawing to get this judge s/
It happened again just hours ago. I was in the Deli line, and I grabbed a ticket: It said Judge Trenga on it!
Hopefully people are paying attention. Our friends on the left are banking on it that they are not and their attempts to steamroll the system will go unnoticed.
.
Americans got it already.
Our friends on the left are banking on it that they are not and their attempts to steamroll the system will go unnoticed.
In Europe they have adopted the American left's lawfare to ban the opposition. Just in the past year they did it in Rumania, Germany and France.
The word out of Tokyo this morning:
Holy shit, Trump meant business!
It's hilarious that the very people demanding that everybody buy an EV are now vandalizing and destroying EV's. Just shows it was never about the environment as they claimed, it was about control.
It's kind of like how they were with wearing masks.
It's virtue signaling without virtue.
I call them as they are - hypocrites.
I have names for them that I can't mention here.
I think a few of us are being kind today.
Bingo!
That's there entire climate policy in a nutshell.
It's always something going to happen in 10 years. Then nothing happens outside of wasted money.
Well it's not wasted money if you're on the inside raking it in. How the hell does someone making an annual salary of $174,000 become a multi-millionaire?
Explains why Democrats are fighting everything so much.
It’s fun watching them try to rationalize their way out of this one.
The lies just get larger and more plentiful.
It's almost like they are in competition with themselves to come up with the most idiotic justification.
I blame us.
Both Republicans and Democrats, that have let them get away with unfair trade practices for so long. Now that is the status quo for Canada. What they are used to. So the temper tantrum is expected.
Calmer heads will prevail on both sides and the chicken littles here will need to find something else to whine about.
Canada is the neighbor that steals free internet from you and then get pissed off when you change the WI-FI password and demands you give it to them because they are entitled to it, because they have had a free ride for so long.
lol … great analogy.
And the US stock market is already losing trillions in valuation today!
That is true. Hopefully, it will gain it all back.
Too soon to make a call.
"Economics is just math" - Bill Clinton
"The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system." ....Milton Friedman
MAGA are fixing to learn again why John Maynard Keynes is The Father Of Modern Economics, and Milton Friedman IS NOT...
Keynes would have been astonished to learn that democrats used his policies in good times.
They were nothing more than government solutions to an economic crisis.
Yes, it is called monetary policy and it is why America led the world economically.
Led, as in past tense. As in 3 months ago!
I guess you must be celebrating Trump's tariffs since you support Keynes and think Friedman, who opposed tariffs, is wrong about everything.
Let me write it down. Monetary policy = $36 Trillion in debt, a 9% inflation rate and $1 Trillion paying for interest on the debt.
Buy on the drops. The fearful are climbing that "wall of worry".
I know I am............buying that is. Chicken Little was never one of my favorite "fictional characters".
It would have been unwise to believe that neoliberals would go quietly into the night. In the short term we should expect the financial wizards to impose as much pain as possible on economies big and small. It is rather difficult to believe that the middlemen driving the panic would wax nostalgic for tax-and-spend Democrats over the long haul.
The long term risk will be a gross influx of foreign capital into the US which would eventually require increasing business taxes and overturn what the tariffs are supposed to do. Never underestimate the power of parasites to ruin a good thing.
If anyone believes that chart or this ridiculous voodoo tariff scenario there's an island full of penguins to conquer.
There is no realistic scenario of a good ending for this absolute madness.
The entire world is banding together to protect their own economies partnering with every major country Trump snubbed.
Everything will cost more, supply chains won't matter because deliveries will go to other countries willing to make deals, trade, and cooperate. We will suffer because our reputation has been trashed by Trump deliberately.
If everything Trump does is "wonderful" why has the defense of Trump now switched to "pain is okay", "pain is only temporary", "pain is necessary". I thought Trump would usher in prosperity?
Stock markets crashing, prices rising, massive job losses acceptable, cutting the FDA, HHS, and CDC, cancer research funding, Nobel Prize winning researchers fired, exodus of Medical talent going overseas, the list is long and the effects will hit very very soon.
Food and Drugs will be less safe for all of us, red states will be hit the hardest since the Republicans in those states already opted to cut state run programs.
None of this is making America great. So keep cheerleading Trump, Musk, and the billionaire wrecking crew. Unless you are in that club able to pay the price then you are cheering for nothing.
Where did you get your degree in economics?
It's that time again.
"Good night and good luck."