EconomicCollapse.report

President Trump, Treasury secretary Bessent, and Commerce secretary Lutnick are effectively teaching a course right now on the fundamentals of international trade.  How many Americans previously understood that nations around the world use tariffs and other economic tools to keep American-made products from reaching their markets?  Hasn’t the United States been spreading the gospel of “free trade” for centuries?

Doesn’t commitment to “free markets” separate the civilizational West from more authoritarian countries with “closed” economies?  Shouldn’t a “rules-based international order” ensure that the rules are the same for all participating countries?

The president launched a new chapter in U.S. trade, imposing a 10 percent universal
tariff on trading partners and higher reciprocal levies on some.

TheEpochTimes.com

Just 72 days after taking office, President Donald Trump announced on April 2 sweeping trade policy changes, introducing what he called “reciprocal tariffs” for all countries and declaring it “Liberation Day in America.”

For decades, the United States has kept low trade barriers, promoting free trade agreements with minimal or zero tariffs—at least on its part. Those days are now over.

​​At a White House event, Trump presented a large chart outlining baseline and reciprocal tariff rates trading partners now face in attempts to balance their high trade barriers against U.S. goods. The rates include a flat 10 percent levy, along with additional rates tailored to match each nation’s trade barriers on America.

DiscernReport.com

Most Americans have absolutely no idea how we got into the mess that we are in today.  The reason why the U.S. government is 36 trillion dollars in debt and our society as a whole is 102 trillion dollars in debt is because the system is performing exactly as it was designed.  We have a system that was literally designed to create colossal amounts of debt.  But if you ask most Americans about this, they cannot tell you what the Federal Reserve is or why it is at the heart of our economic problems.

When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for our rapidly growing economic problems.  But the truth is that the institution with the most power over our economic system is the Federal Reserve.  So exactly what is the Federal Reserve?  Most people would say that it is an agency of the federal government.  But that is not entirely accurate.  In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government.

EndoftheAmericanDream.com

The Chinese have made enormous mountains of money by exporting cheap goods to the rest of the world, and this has given them a tremendous amount of economic power.  Now they are attempting to extend their economic domination by constructing hundreds of very large self-sustaining “special economic zones” in other countries.  These “special economic zones” are established in key strategic locations, and they are often exempt from many of the laws and regulations of the host nation.

TheEpochTimes.com

When President Donald Trump’s steel and aluminum tariffs on all countries take effect on March 12, much of the conversation will center around their effectiveness in tackling China’s aggressive trade practices.

These tariffs are specifically aimed at Beijing’s persistent overproduction of cheap metals, which has long undermined companies around the world, including in the United States, and caused trade tensions.

On Feb. 10, Trump reintroduced a 25 percent tariff on steel imports and increased tariffs on aluminum imports from 10 percent to 25 percent. On March 11, the White House confirmed that these tariffs will apply to all countries, “with no exceptions or exemptions.”

TheGatewayPundit.com

Gina Raimondo, the Biden/Harris commerce secretary, was recently asked on CNBC about the impending port worker strike and declared that she has not been focused on that. What exactly does this woman do all day, other than campaign for Kamala Harris?

Raimondo was in the news last week for suggesting that Democrats should ‘extinguish’ Donald Trump. She also has a track record of being shockingly unfamiliar with issues that are directly related to her job.

Financial experts are warning that this strike could cost the U.S. billions of dollars a day and severely slow the transport of goods across the country.

ZeroHedge.com

At the start of the year, many months after we first pointed out that the biggest untold story of the US labor market was the "great replacement" of native born workers with foreign-born workers (most of whom we subsequently learned were illegal aliens), we asked how is it, that the ongoing replacement (because that's what it is) of US workers is "not the biggest political talking point right now" considering that "since October 2019, native-born US workers have lost 1.4 million jobs; over the same period foreign-born workers have gained 3 million jobs"

DailyCallerNewsFoundation.org

Various U.S. government agencies have funded research for more than a decade that contributed to the creation of 1,020 U.S. patents for China-based entities, Reuters reported on Thursday.

The patents were granted in fields such as semiconductors, chemical engineering, nanotechnology and biotechnology, and all were funded at least in part by the U.S. and one China-based investor, according to Reuters. The revelations come alongside debates over whether the U.S. should withdraw from the U.S.-China Science and Technology Agreement, a bilateral research deal between the two countries that has fallen under some criticism for allegedly giving too much benefit to China.

“It’s alarming that U.S. taxpayers have unwittingly funded over 1,000 patents claimed by Chinese entities, with the Department of Defense accounting for nearly 100 of these patents,” Michigan Republican Rep. John Moolenar, chairman of the House Select Committee on the Chinese Communist Party, told Reuters.

Infowars.com

Senator Lindsey Graham (R-S.C.) gave away the neocon playbook Sunday, admitting that the U.S. must win the Ukraine proxy war against Russia to control Ukraine’s vast resources worth trillions of dollars.

“They’re sitting on 10-12 trillion dollars of critical minerals in Ukraine. They could be the richest country in all of Europe,” Graham said on CBS News’ “Face the Nation.”

“I don’t want to give that money and those assets to [Russian President Vladimir] Putin to share with China.”

Ukraine has trillions of dollars worth of critical minerals in their country.

Vladimir Putin cannot be allowed to access that money and those resources because he will share it with China. pic.twitter.com/gKlSMjSjEK

— Lindsey Graham (@LindseyGrahamSC) June 9, 2024

Editor's Note: This is what always follows when Libtards and RINOs push destructive, virtue-signaling policies in the name of "helping you."  It almost always results in the exact opposite outcome they promised.  They claim they are providing a "living wage" when in reality they ensured that THOUSANDS now receive NO WAGE AT ALL!

TheGatewayPundit.com

Restaurants across the state of California have cut at least 10,000 jobs since Democrat lawmakers mandated a $20 minimum wage, according to a major trade group.

According to the California Business and Industrial Alliance (CABIA), thousands of restaurant workers have lost their positions as businesses are forced to cut labor costs and raise their prices in order to survive.

The New York Post reports:

The California Business and Industrial Alliance (CABIA) slammed  Democratic Gov. Gavin Newsom for pushing through the law, which went into effect April 1 – and was blamed for forcing one beloved taco chain to shutter 48 locations in the state last week.