Free Republic

TRUMP BOOM: Asian buyers are abandoning Middle Eastern oil & lining up 28 supertankers to carry US crude in May alone. Normal bookings at this point: 5. US Gulf Coast exports hit a record 4.90 million barrels a day in April. Trump's energy dominance is not a talking point. It is a shipping manifest. h/t @KobeissiLetter

European countries, after the Second World War, came to a painful but profound conclusion: if they wanted to stop centuries of bloodletting among themselves, they had to make war materially irrational. The answer they found was not idealism alone, but interdependence. Trade. Shared markets. Shared interests. Over time, that logic helped give birth to what became the European Union. As the EU notes in its official history of postwar integration, the European Coal and Steel Community was created so that no single country could build the weapons of war against the others as in the past. Established by the Treaty...

I just saw a list of the commodities that are undergoing restriction of distribution in the Strait of Hormuz. When seeing a stark view of them, together as a group, I hadn't realized how extensive it is: 1) oil (gasoline and deisel), 2) liquid natural gas (LNG), 3) urea (fertilizer for food), 4) sulfuric acid (phosphate fertilizers for farming), 5) helium (microchips). (Source: Larry Johnson, today 04/06/2026 at 9 AM E.S.T.). I would like to hear from someone who has a good, fundamental understanding of economics, about the following question, (not someone who is an academic egghead, not anyone who...

In an expedited procedure, the European Commission recently raised tariffs on ceramic and porcelain products from China. Additional tariff measures are also being considered to protect the European internal market from the Chinese export engine. Is the EU economy now facing a trade war with Beijing, alongside the potential import halt on rare earths? Tensions in international trade policy are escalating on multiple fronts. After the U.S. Supreme Court initially declared the tariff regime implemented by President Donald Trump since April of last year unlawful, it appears the administration has explored new ways to stabilize its tariff policy going forward....

I’m reluctant to post a video as the average Freeper will respond with an angry, “I don’t watch videos!!!” Sometimes with an excess amount of exclamation points. More than three indicates you’re on the verge of smashing your head into the keyboard until it bleeds. This video is the most in-depth explanation of the world economic system, dollar hegemony and why we can’t reduce the deficit and why that won’t hurt the value of the dollar. It discusses the impact of American debt on the hollowing of industrial capacity and the impact on wages and lifestyle. We really can’t discuss...

Here's what you'll learn when you read this story:The Inca quipu was a complex system of knotted cords, encoded numerical records and possibly even a full logosyllabic language.New research demonstrates that the quipu's hierarchical structure can function as a versatile modern computer data structure.The researchers built working spreadsheets, file systems, and encryption tools powered by quipu data, rivaling conventional computing methods.

President Donald Trump has waived the Jones Act for 60 days to mitigate supply disruptions resulting from conflict in the Middle East. This raises a fundamental question: why do policymakers regularly suspend this law during emergencies yet leave it in place the rest of the time?The Jones Act is an antiquated 106-year-old law officially known as the Merchant Marine Act of 1920 that places draconian restrictions on the use of ships to transport goods within the United States. According to White House Press Secretary Karoline Leavitt, the waiver allowing the use of foreign vessels to transport goods “will allow vital...

ransomnote: Below are several of John A Konrad V's detailed posts. There are another 14 posts in this thread series at the link which I did not copy.Here's the source of the x.com thread posts below:DataRepublican (small r) repostedJohn Ʌ Konrad V@johnkonradLet's unpack this..What if the White House has no intention of reopening the Strait of Hormuz?What if this war is really about ships & tariffs?I had a long discussion with senior DOE official yesterday on background. I can’t share any details but it’s clear everyone’s Strait of Hormuz calculus is wrong.We need to go back to the drawing boards.That's...

Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance to ships making the risky transit through the Strait of Hormuz. Chubb will work with the U.S. International Development Finance Corp., or DFC, as part of a $20 billion plan to help get oil tankers and other commercial traffic moving again amid risks from the Iran war, the agency said. Oil prices have spiked since the war began at the end of February. Brent crude traded above $91 a barrel midmorning Wednesday. Oil prices have stayed relatively high despite an announcement Wednesday that the...

The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of President Donald Trump’s most sweeping tariffs. Trump has lashed out at the court decision and said Saturday that he wants a global tariff of 15%, up from the 10% he announced a day earlier. The European Commission said the current situation is not conducive to delivering “fair, balanced, and mutually beneficial” trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of...

A 6-3 Supreme Court majority on Friday struck down President Trump’s sweeping emergency tariffs (Learning Resources v. Trump) in a monumental vindication of the Constitution’s separation of powers. You might call it the real tariff Liberation Day. It’s hard to overstate the importance of the Court’s decision for the law and the economy. Had Mr. Trump prevailed, future Presidents could have used emergency powers to bypass Congress and impose border taxes with little constraint. As Chief Justice John Roberts explains in the majority opinion, “Recognizing the taxing power’s unique importance, and having just fought a revolution motivated in large part...

India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday (Feb 22). One of the first concrete reactions among Asian nations to the decision, it follows Trump's move on Saturday to levy a temporary tariff of 15 per cent, the maximum allowed by law, on US imports from all countries, following the court's rejection. "The decision to defer the visit was taken after discussions between officials of the two countries," said...

U.S. Trade Representative Jamieson Greer on Sunday said the Trump administration would need guidance from the courts on how to handle tariff refunds after the Supreme Court struck down duties authorized under the International Emergency Economic Powers Act. “Well, we need the court to tell us what to do. They’ve created a situation where they struck down the tariffs and gave zero guidance on this,” Greer said during an appearance on ABC’s “This Week.” “Historically, you know, as a trade attorney, in my experience, courts will normally give you some instruction on what to do, when.” “The Court of International...

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced legislation today to repeal Donald Trump’s global tariffs, with Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Peter Welch, D-Vt., and Elizabeth Warren, D-Mass. The binding measure will be treated as a privileged resolution that must receive a vote on the Senate floor. The measure would terminate the emergency that Trump declared in order to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, costs have...

Trump’s response to the Supreme Court tariff ruling points beyond China to “foreign interests” tied to the British Empire's Adam Smith free-trade ideology, defended by the US Chamber of Commerce and Cato Institute. She cites Treasury Secretary Scott Bessent and Ambassador Jamieson Greer framing the administration’s approach as Hamiltonian economic sovereignty, and says tariffs will continue under other laws, including a new 10% global tariff. She contrasts this with Thursday’s Board of Peace meeting, where 60 nations backed “peace through construction,” funding housing, security, and development, rejecting Kissinger-style managed conflict. She warns midterm demoralization risks ending Trump’s agenda. RT 14...

Victor Schwartz, 67, became the face of the battle to strike down the president's controversial tariffs when he sued the government last April. Schwartz has owned VOS Selections in Manhattan since 1987 and feared the tariffs would devastate his small business. He argued that the US President lacked the authority to impose tariffs without congressional approval, becoming one of the few dissenting corporate voices to publicly oppose the fees

As was true for many conservatives, when I saw the headline saying that the Supreme Court had reversed Trump’s tariffs, I admit that my stomach sank. My first thought was that this was an epic disaster for the Trump administration. More than that, I thought that this is an epic disaster for the strong Trump economy, because tariffs have been a major leg of that stool.AdvertisementThen I took a deep breath and had a couple of useful thoughts. My first thought was, I bet Trump has a backup plan, because he’s always known that this could happen. He’s not the...

President Trump said on Saturday that he is going to raise his global tariff to 15%, up from 10% he imposed on Friday, after the Supreme Court struck down a set of sweeping global tariffs.

President Trump said Saturday he’s going to bump his newly imposed global tariff to 15%, in the wake of the Supreme Court decision blocking his sweeping import taxes on international trading partners.The increase was “based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court,” Trump wrote on his Truth Social. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of...

President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. The new tariffs will come on top of the existing levies that remain intact following the high court’s decision, Trump said as he raged at the ruling during a White House press briefing.