Posted on 04/06/2025 8:17:30 PM PDT by SeekAndFind
Mere days after “Liberation Day,” when President Trump imposed reciprocal tariffs on dozens of nations that have been exploiting the United States on trade, the global response has been swift—and telling. U.S. Secretary of Agriculture Brooke Rollins revealed that more than 50 countries have already expressed an eagerness to negotiate and avoid being hit with stiff new trade penalties.
“We already have 50—five-zero—countries that have come to the table over the last few days, over the last weeks, that are willing and desperate to talk to us,” Rollins told CNN’s Jake Tapper on Sunday morning. “We are the economic engine of the world, and it’s finally time that someone, President Trump, stood up for America.”
The administration’s push to reorder global trade in a way that’s fair for all countries has sparked predictable panic among critics, but Rollins dismissed the uproar as premature and partisan. “Everyone, especially on your side, on the left, is freaking out,” she told Tapper, who bristled at the suggestion. “At the end of the day, this whole concept is about rebuilding an American economy around American goods, around American industry.”
Rollins emphasized that the U.S. has long lived under foreign tariffs—whether from China, Brazil, Mexico, or even Australia—and said that the current trade regime has hurt American farmers and ranchers for decades. “Mexico won’t take our corn. Australia won’t take our beef,” she said. “The country of Honduras takes more pork than the entire European Union does.”
While Tapper pressed her on whether Trump’s tariffs are meant to be permanent or used as a bargaining chip, Rollins leaned into the administration’s broader economic vision. “This is a national security issue. This is about reshoring thousands, hundreds of thousands, millions of jobs,” she said.
(Excerpt) Read more at pjmedia.com ...
Chad, Serria Leone, Zimbabwe …
Even if the stock market crashed, remember 94% of equities are held by 8% of the population. Probably over half are held by the top 1%. The stock market is NOT the economy of Main Street.
If tariffs brings back jobs slowly but surely over a 2-4 year period (it won’t happen overnight) then I say it would have been worth it. Globalization has devastated what were once thriving happy small towns all across America and only made the top 1% extremely richer. And corporations got way more power over their employees. The wage for the average American stagnated since globalization.
LOL.
hmmmm
could be
we will see
Agreed, mostly.
Approximately 62% of Americans own stocks, either directly or indirectly, according to recent surveys. This includes investments through retirement accounts like 401(k)s, mutual funds, or individual stock purchases. However, stock ownership is not evenly distributed—higher-income households are much more likely to own stocks compared to lower-income groups.
See here:
https://www.fool.com/research/how-many-americans-own-stock/
Are you sure about this? What about all the pension funds and 401ks that hold equities? Sure seems like more than 8% of the population hold equities in some form.
BTW, I'm willing to wait and see how this shakes out. I remember Black Monday in 1987, when the Dow lost over 22% on a single day.
In your dreams
Mission accomplished.
From the recent reports job repatriation is happening a lot faster than slowly.
As for the market, only short-term traders care. If one took a look at long-term valuations for indexes, one would find that there’s a fairly predictable line down the middle and that after dips come returns to that line and after bubbles come returns to that line. This is the latter.
401k people and civilized investors are cheering; their next infusion of cash will buy more than their last paycheck withholding.
I like how this event is revealing MAGA vs. other people by the reactions they make.
... Uganda, Botswana , Liberia..
My 401k just became the 301k, and based on premarket data it may end up as a 201k come Monday.
I'm sixty-two and a half. Retired two years ago, came out of retirement and resumed my role at the bank I've been working for, for almost 20 years and I've been around the block a few times from a business and political campaign perspective.
I'm also a Reaganite. Best President in my lifetime, and President Trump is certainly giving that tile a run for its money.
I'm old enough to remember President Trump on the then "Oprah Winfrey Show" railing against globalization and its harmful effects to America and our middle-class back in the late 1980's/early 1990's. He's been remarkably steady on this, unwavering, and predicted accurately what globalization would do to the working middle-class: hollow it out, costing millions of jobs.
He was absolutley right.
Fast forward a few years and another billionaire named Ross Perot was saying almost word for word, in his Texas twang, the same exact thing about NAFTA and the damage it would do to the country.
Ross Perot was also absolutely right. He and President Trump said many things in common.
Politicians didn't 'get this', yet two astute businessmen did and acted to save the country. Ross Perot first, though he failed his bid.
Trump second, and successfully revived our economy in 2016. Here we are again in 2025 and while things may look a bit wobbly right now, the signs that Trump's approach is correct are already there:
More than 50 countries announced they're ready to negotiate;
China's in big trouble at home with an open revolt happening within the CCP, and Xi Jinpeng's rivals openly fomenting revolt and taking out several of Xi's top military brass. Economic growth which was already struggling to keep up the fake 5% growth perception is flat to receding;
Britain's two car makers have suspended shipments to the US and are openly rethinking building their cars here to avoid tariff's. Similarly, Britain's prime minister Keir Starmer has said Trump's right, globalization is over.
Were it not for several Republicans revolting against tariff's and speaking out publicly against them, President Trump's hand would be much stronger than it is, with party unity at his back and a completely discombobulated Democrat Party in a shambles trying to string together a coherent position.
With 50 countries already asking to 'negotiate', Canada, Japan and Taiwan having already caved and now Britain coming to the table, the reshaping of our global economic system may happen a hell of alot faster than many thought. We may even see light at the end of the tunnel as early as by end of this week if markets start turning back around. Not bad. Not bad at all, for a politically motivated persecution and prosecution of a convicted felon of a President, wouldn't you say?
I know I would.
Occupy Wall Street comes to FR.
Cheering on a contraction of wealth, eh comrade?
Tarrific!
All the non-investors come out of the woodwork to celebrate when stock take a downturn. They think they are “getting even”.
Cheering on a contraction of wealth, eh comrade?
Oh nonsense. Much of that “wealth” is illusory, here but for a moment until relentless inflation causes it to shrink and evaporate. And as a nation, our national debt has now passed the percentage of GDP from which no nation in history has ever recovered. It’s sort of like standing on the bow of the the Titanic shouting “I’m the king of the world!”, oblivious to the fact that the ship is sinking rapidly and you’re about to meet your demise.
What is happening now is that everyone is FINALLY getting a long-overdue dose of reality. Our debt situation is dire, and rapidly worsening. The stock market has been significantly overvalued for too long. And we absolutely cannot allow hostile countries like China to produce and sell us products of vital national interest, such as pharmaceuticals, strategic minerals, electronics, etc. On that last point, cost is way down the list of priorities when it comes to products that Americans and the country absolutely must have to ensure personal health, or especially national defense. We simply must control the production and supply of those things. It is also essential to our vital national interest to stop funding China’s military through our purchases of all of their cheap junk.
This requires some significant disruption, but it is necessary. The real “great reset” has arrived, and we will be much better off in the long run.
Argentina, Israel, Taiwan, Vietnam....
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