Sunday, July 1, 2018

ARCHIVE TARIFFS AND TRADE: March 3 - July 25, 2018

Live Blog

July 25, 2018


Live stream: President Trump and the President of the European Commission Deliver Joint Statements.


July 25, 2018 President Trump presses European Commission President on trade. The basis of the EU are farm subsidies. 

Today the man Donald Trump labeled a ”brutal killer,” the top dog in the European Union, Jean Claude Juncker, takes his stuff to the White House. European Commission spokesperson Margaritis Schinas said this Wednesday’s talks between Juncker and Trump, would seek to “de-dramatize any potential tensions around trade.” Asked whether Juncker would have a specific measure that could prevent the new tariffs, she added: “There are no offers. This is a discussion, it is a dialogue and it is an opportunity to talk and to stay engaged in dialogue.” Supposedly, Juncker believes he, and he alone, can “head off a trade war”. He is walking into a literally buzz saw. The EU embodies everything that Trump’s strategy “America First” opposes. (More)

July 5, 2018


The EU operates as one trading bloc. But actually, it's just Germany the US has a gargantuan trade deficit with. European solidarity does not reach so far that the rest of the EU would risk a trade war with the Trump administration over. So this did not take long, as expected. "Brussels caves to Trump"...
Brussels officials are looking to negotiate a new deal with the US President, who is a fierce critic of the EU's trade policy. The EU currently imposes tariffs of 10 percent on imports of US-built cars, compared to Washington's 2.5 percent levy on European car imports. Any move to lower the punitive tariffs would be warmly welcomed by Mr Trump. The news comes ahead of a meeting between European Commission President Jean-Claude Juncker and the US leader later this month. (...) EU leaders have ruled out making major concessions to Washington, instead vowing to defend their economic interests. They signed a joint statement last week backing "safeguarding measures to protect our own markets" amid the trade war. At a meeting with Dutch leader Mark Rutte on Monday, Mr Trump said it would be "positive" if the EU trade dispute was not resolved. Mr Rutte responded bluntly: "It's not positive. We have to work something out." Meanwhile, Angela Merkel revealed Mr Juncker would "submit proposals setting out what we can do" during his meeting with Mr Trump. (More)

July 2, 2018


July 1, 2018 President Trump's Full Interview with Maria Bartiromo.

President Trump sat down with Fox News's Maria Bartiromo for a economy oriented interview on Sunday. It is now clear not all observers understand that tariffs are not the end object of Trump trade policies. The end goal is the abolition of tariffs. When he dropped this proposal during the G7 summit, the leaders screaming the loudest quickly changed the subject. Knowing President Trump, he will reach his goal sooner or later. A day before the Dutch PM's visit to the White House the President said this (with the best intentions of course):

June 12, 2018


June 12, 2018 President Trump explains dust up with Justin. 

President Trump revealed he and German Chancellor Angela Merkel were not actually in the middle of a confrontational moment when a now-viral photo was taken during the G-7 summit. (...) We have a very big trade deficit with Canada. They don’t take our farm products,” Trump told reporters. (...) The president had left the G-7 summit in agreement with the joint statement (or communique) following the summit but backed out, slamming Trudeau, after his backstabbing behavior. “When I got out to the plane, I think that Justin probably didn’t know that Air Force One has about 20 televisions. And I see the television and he’s giving a news conference about how he will not be pushed around by the United States and I say push him around? We just shook hands. (...) "he assumed I was in an airplane and I wasn’t watching," Trump continued, warning that Canadians will pay a high price for Trudeau’s actions. “That’s going to cost a lot of money for the people of Canada,” Trump said. “He learned. You can’t do that. You can’t do that.” (More)

June 10, 2018


June 9, 2018 President Trump delivers post G7 statement. 

The Quebec G7 Summit is a landmark in Globalism. Trump told the assembled leaders that "it's over". While the liberal press is painting Trump as the trade warrior, it is the President who proposed abolishing tariffs and subsidies in the G7 territories. But apparently that was not what the Globalists had in mind. They want the status quo, i.e. keep sponging off the American fat cow. Trump told them it's not going to happen anymore. After Trump left for his all important meeting with Kim Jong-un in Singapore, Justin Trudeau issued a statement that made Trump furious. He sent out following tweets:

⏩ Here's a brilliant report on the Charlevoix G7 agreement and Justin's statement on the Conservative Treehouse (more).

⏩ Great thread by Rex on Europe, France in particular.

⏩ Merkel's personal photographer Jesco Denzel took this picture that went viral after Merkel spokesman Steffen Seibert posted it on Twitter.

The idea was apparently to create the perception that Merkel was dominant in the talks, and that Trump, seated on a lower level was given a good talking to. Which provides us with a teachable moment about creating perceptions. Other pictures, taken before and after this specific moment create another impression.

Honest observers will note in a glance what's actually going on here. Our caption is: "that awkward moment when Trump tells the tariffs and subsidy addicts that they've had their final shot".

⏩ CNN's asinine question forced Trump to utterly humiliate them in front of world at a presser. It didn’t take President Trump too long to question and call out a CNN reporter at the G7 summit in Canada. Trump took some questions from reporters before he left the conference in Charlevoix on Saturday and as one reporter’s angle became clear in his question, the president interrupted. (More)

April 11, 2018


April 11, 2018 Laura Ingraham talks to Gordon Chang.

(...) Historic Chinese geopolitical policy, vis-a-vis their totalitarian control over political engagement (action) and diplomacy through silence, is evident in the strategic use of the space between carefully chosen words, not just the words themselves. Each time China takes aggressive action (red dragon) China projects a panda face through silence and non-response to opinion of that action.…. meanwhile, the action continues. The red dragon has a tendency to say one necessary thing publicly, while manipulating another necessary thing privately. The Art of War. President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask. It is specifically because he understands that Panda is a mask that President Trump messages warmth toward the Chinese people, and pours vociferous praise upon Xi Jinping, while simultaneously confronting the geopolitical doctrine of the Xi regime. In essence Trump is mirroring the behavior of China while confronting their economic duplicity. Peace or war. Win or lose. Yin and Yang. Culturally there is no middle position in dealings with China; they are not constitutionally capable of understanding or valuing the western philosophy of mutual benefit where concession of terms gains a larger outcome. (More)

April 10, 2018


Chinese President Xi Jinping on Tuesday (Monday night in the U.S.) promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States. Xi also said China would raise the foreign ownership limit in the automobile sector “as soon as possible” and push previously announced measures to open the financial sector. “This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products,” Xi said at the Chinese Boao Forum for Asia in Hainan province. The comments sent U.S. stock futures, the dollar and Asian shares higher. (More)

April 7, 2018


President Trump explains in one single tweet why what is called "free trade" is actually the redistribution of wealth from developed countries to developing countries. This is how globalists think. The world's wealth is a zero sum game to them. It's world Socialism! On the other hand, imposing tariffs, as leverage in negotiations or as an instrument to counter unfair trade practices, is not "protectionism" but a healthy defense against globalist redistribution.

April 4, 2018


In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S. According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%. It should be emphasized the approach by China is rather ridiculous considering the Chinese government purchased the largest U.S. pork manufacturer Smithfield in 2013 for $5 billion; at the time the purchase price was 30% more than the company was worth. Smithfield, now a Chinese company, represents 25% of all U.S. pork products. Do you really think China is going to not import it’s own pork products… or subject them to a domestic tax? Think about it. It’s ridiculous. China knows they have ZERO leverage in a trade-dispute with the U.S., they cannot afford to lose access to the U.S. market. (More)

March 25, 2018


As is the case with tariffs, President Trump signing Congress' spending Bill has many Trump supporters distraught and confused as to the President's goals and motives. Equal and fair trade is easier to explain than a boondoggle of a spending Bill that is putting Obama era Omnibuses to shame. After 48 hours the synapses have started working again and the reality why the President signed off on the Bill are slowly becoming apparent. After more than a year in office, some of the more ideological followers still have not learned to trust their President. There is always a very good reason why he is making the choices that he does with American interests first in mind. In the threads are a number of ideas, for what they are worth at this point, because neither can be verified at this stage. Clue: it's a spending Bill, not a budget. Our Stable Genius can spend as he wants, slow walking funding of Planned Parenthood, or holding back until the Senate finally confirms his appointments.

March 8, 2018


Live stream: The White House - President Trump Signs the Section 232 Proclamations on Steel and Aluminum Imports. 
Today in a meeting with steel and aluminium representatives President Trump is expected to officially announce import tariffs of 25 percent for steel and 10 percent for aluminium, applicable two weeks from now. The President is reserving the right to make exemptions, as will probably be the case for Canada and Mexico, currently renegotiating NAFTA trade agreement with the Trump administration and close allies, like Britain and Australia.

Here's the entire thread: ↓


March 8, 2018 Wilbur Ross: Trump tariff plan is about economic, national security.

March 3, 2018


It didn’t take long for the European Union to prepare retaliatory taxes on a number of U.S. goods after President Trump announced his intention to impose tariffs on steel and aluminum imports. If Trump follows through with the tariffs, the U.S. goods that could be affected include agricultural goods like corn, steels products, and consumer items such as motorcycles, cosmetics, jeans, bourbon whiskey, and more. In all, the products are valued at more than 800 million euros. Some of the consumer items would target those in the GOP heartland. (More)

The EU last year hiked tariff on steel from China by 36%. Trump setting a tariff of 25% on steel offers the Left an opportunity to demonize Trump. 



Donald Trump has won the Presidential election. But what does that mean? Welcome into the new world. The repercussions of Donald Trump as leader of the most powerful nation on earth are almost infathomable. The political and media establishment (but also entire swathes of the world population) still don't know what hit them. (More)