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This is one of America’s most shocking economic defeats in 40 years. The speed and scale of the decline is breathtaking; a dramatic fall from grace that has left many reeling. The situation feels like watching a team with a significant lead inexplicably sabotage its own game, repeatedly shooting itself in the foot until victory turns into a crushing defeat.
This is one of America’s most shocking economic defeats in 40 years, partly because of the self-inflicted nature of the wounds. The damage inflicted isn’t the result of external forces alone; rather, it stems from a series of policy decisions that have alienated allies and emboldened rivals.… Continue reading
Trump’s announcement of “Liberation Day” tariffs on trading partners is poised to significantly escalate global trade tensions. This move, framed as a liberation, is instead likely to inflict considerable economic hardship on American consumers. The irony is palpable; a nation boasting unparalleled wealth and power is seemingly setting itself on a course to actively undermine its own prosperity.
The claim that these tariffs will somehow “liberate” the American people is demonstrably flawed. Decades of building and reinforcing a global liberal world order have demonstrably contributed to the US’s unparalleled economic success. Undermining this system through aggressive protectionist measures risks severe economic consequences, potentially resulting in significant GDP losses and a challenging road back to stability.… Continue reading
President Trump announced widespread reciprocal tariffs, impacting numerous global trade partners. The list surprisingly included remote territories such as the Heard and McDonald Islands, a sparsely populated Australian territory, and the British Indian Ocean Territory. While most countries face a 10% tariff, China received a significantly higher 34% tax increase. The impact on the largely uninhabited islands remains unclear due to their minimal economic activity.
President Trump’s announcement of sweeping tariffs triggered a significant sell-off in US and Asian stock markets. Dow futures plummeted over 1,100 points, while major Asian indexes experienced substantial drops exceeding 2%. Tech giants like Apple and Tesla led the decline in after-hours trading, reflecting concerns about disrupted supply chains and increased costs. Analysts described the tariffs as “worse than the worst-case scenario,” anticipating negative economic consequences including inflation and slower growth.
European Commission President Ursula von der Leyen stated the EU is prepared to negotiate with the U.S. over impending tariffs but will strongly retaliate if necessary. The EU opposes the announced tariffs on European steel, aluminum, cars, and car parts, and is open to negotiation but possesses a robust plan for countermeasures, including already planned duties on $US28 billion of US goods. This action follows President Trump’s expected announcement of reciprocal tariffs, fueling global trade war concerns. Other countries, including China, Japan, South Korea, and Taiwan are also preparing countermeasures to the potential tariffs.
US warns French companies they must comply with Trump’s diversity ban. This is a bold move, to say the least, and one that’s sparking significant outrage and disbelief internationally. The sheer audacity of attempting to impose US domestic social policies on sovereign nations is striking, especially considering the historical context and the inherent differences in employment laws and cultural norms.
The demand feels particularly heavy-handed, almost like an attempt to leverage a nation’s internal policies for the benefit of US business interests. The underlying implication is that compliance with this executive order is a condition for engaging in trade or other economic dealings with the US government, a blatant attempt to use economic leverage to enforce a controversial social agenda.… Continue reading
Following Canadian Prime Minister Mark Carney’s recent European diplomatic tour, former President Trump threatened significantly increased tariffs against both Canada and the European Union. This threat, issued via Truth Social, conditions further tariffs on any perceived economic harm to the U.S. resulting from collaboration between the two entities. Trump framed the threat as a measure to protect the U.S., following the implementation of a 25% tariff on imported cars and trucks. Carney has openly criticized Trump’s tariffs and protectionist stance.
Japan strongly protested the U.S.’s announcement of a 25 percent tariff on all imported automobiles, deeming the move “extremely regrettable” and urging its exclusion from the measure. The Japanese government highlighted the significant economic contributions of Japanese automakers to the U.S., including substantial investments and job creation. Despite prior requests for exemption, Japan’s pleas for preferential treatment were unsuccessful, prompting consideration of various response options. The planned tariff hike, set to begin April 3rd, is expected to negatively impact both the Japanese and global economies.
A recent Houthi missile and drone attack targeting U.S. Navy ships in the Red Sea proved unsuccessful, according to an official statement. Eleven drones and a ballistic missile were launched, but none posed a credible threat.
The drones, ten intercepted by Air Force aircraft and one by Navy aircraft, were all shot down before they could reach their intended targets.
The ballistic missile also failed to hit its mark, falling far short of the U.S. Navy vessels. This underscores the effectiveness of the defensive measures employed by the U.S. military.
The disparity in resources and technological capabilities between the U.S. military and the Houthi forces is stark.… Continue reading
John Q. Hosedrinker 
Matt Underwood