Posted on 04/07/2025 10:08:09 PM PDT by SoConPubbie
President Donald Trump doubled down on his tariffs position on Monday, taking to his Truth Social platform to point to a number of things that are happening amid the global market meltdown since his "Liberation Day" tariffs were announced last week.
"Rates are plummeting, oil prices are plummeting, deregulation is happening. President Trump is not going to bend," Trump wrote, quoting Fox Business host Maria Bartiromo.
The president included a clip of Bartiromo's "Mornings with Maria" show, in which she highlighted several things taking place as the markets whipsawed early Monday.
Bartiromo also said that Trump is trying to restore American independence so the United States is less reliant on foreign countries for essential goods.
"He told me a number of times that he's trying to build the economy and make it independent, as opposed to relying on China for things like prescription drugs," Bartiromo said in the clip.
Wall Street reacted with confusion in morning trading on Monday, after headlines declared that White House economic adviser Kevin Hassett said Trump would consider a 90-day pause on his reciprocal tariff rollout.
"I think the president is going to decide what the president is going to decide," Hassett told Fox News when asked specifically if Trump would consider a 90-day pause on implementation.
Stocks immediately surged until the White House put out a statement on X calling the reports of a 90-day pause "wrong" and "fake news."
Stocks reportedly sold off again once the administration clarified Hassett's remarks.
(Excerpt) Read more at newsmax.com ...
Trump is going to have a tough time in just zeroing out the budget deficit, much less paying off ANY of the debt.
FR thread——Tariffs Also Counter foreign VAT Taxes, Currency
Manipulation, Dumping, Export Subsidies, Fake Standards
On FNC’s “Sunday Morning Futures,” White House senior economic counselor Peter Navarro explained the long-term implications for the Trump administration’s tariffs and how they will function to ensure fair trade for the United States.
“Let’s not forget, every economic report that’s been coming out in the last month has been pushing us towards expansion and strength,” Navarro said. “And we just had a blowout jobs number on Friday, 228,000 jobs. That was 50 percent higher than was predicted.”
“There’s cognitive dissonance between what the media is saying, that Pres Trump wants to push us into recession, and what’s actually happening. The tariff and trade policy is just one chapter in a book that contains all these other beautiful things that we’re going to do. If you just take, for example, the oil prices, oil prices were a dollar higher during the Biden years. For a commuting, working family, that’s about $1,000 worth of gas prices they had to pay. We’re going to get that back for them.”
“Tariff revenues, $600 billion, $700 billion annually, are going to raise $6 trillion to $7 trillion over the 10-year period. They’re going to help pay for the tax cuts. I will tell you this, Jackie. Every single dollar that comes in, in tariff revenues that we take from the foreigners who have been cheating us are going to go right to the American public in terms of tax cuts and debt reduction.”
That is true. Politicians get votes by buying goodies for their constituents. Reducing debt is not a headline-grabber.
“...the 10-year period...”
Though it is a really Good Thing to look at and plan for the next ten years, gov’t planning always seems to push out the Good Stuff to years nine and ten.
We NEVER get there.
The “Out Years” are ALWAYS a mirage.
Concentrate on this and the next Fiscal Year. Hold their feet to the fire. Make them do good NOW and SOON.
In 2017, Israeli PM Netanyahu said China accounts for one-third of the investment in Israeli high technology, which includes US military technology the US shares w/ Israel. In the ’90s, Israel sold military equipment and technologies to China, including the Harpy missile system.
Israel Aerospace Industries produced the IAI Harpy. a loitering munition missile. The Harpy is designed to attack radar systems and is optimised for the suppression of enemy air defences (SEAD) role. It carries a high explosive warhead.
The IAI Harpy is a loitering munition, also known as a “suicide drone,” designed to suppress and destroy enemy radar systems, operating autonomously after launch to search for and attack targets.
Here’s a more detailed breakdown:
Type: Loitering munition (LM).
Manufacturer: Israel Aerospace Industries (IAI).
Purpose: Primarily designed for
<><>SEAD (Suppression of Enemy Air Defenses)
<><>and DEAD (Destruction of Enemy Air Defenses) missions.
Capabilities:
<><>Autonomous Operation: Harpy is launched and then flies autonomously to a designated area,
<><>it can loiter for extended periods, searching for and attacking radar emitters.
<><>Long Endurance: Can loiter for up to 9 hours.
<><>All-Weather, Day/Night Operation: Capable of operating in various conditions.
<><>Targeting: Equipped w/ an anti-radiation seeker to target emitting radar systems.
<><>Launch: Launched from ground-based or naval canisters.
Evolution: The Harpy is a predecessor to the Harop, which is a more versatile loitering munition with the ability to target both emitting and non-emitting targets.
Other variants: Mini Harpy is a smaller, more tactical variant.
Key Features:
<><>Fire and Forget: Once launched, Harpy operates autonomously, requiring minimal human intervention.
<><>Flexibility: Can be used in a variety of missions, including deep strike operations and area denial.
<><>Use in Conflict: The Harop, a derivative of the Harpy, has been used in conflicts, such as the Nagorno-Karabakh conflict, demonstrating its effectiveness in targeting enemy assets.
IAI report-—Mini HARPY Precision Targeting & Flexible Defense by IA——Jun 16, 2024 — Equip your forces with IAI’s Mini HARPY, the versatile loitering weapon that combines EO/IR and anti-radiation seekers...
Israel Air Industries ... Jan 7, 2022 — Harop has the capability to attack any high-value and time-sensitive targets, following all the steps of the killchain.
MOST OF US VOTED FOR A PERSON WHO “WOULD NOT BEND”
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