SEE ALSO DISCUSSION OF THE ROLE OF TRUMP S TARIFF CHAOS IN TH CURRENT PHASE OF THE US DEBT DEATH CRISIS IN THE POST BELOW
US BUSINESSES AND GLOBAL TRADE PARTNERS FACE PROLONGED UNCERTAINTY AS APPEALS COURTS SIDES WITH TRUMP AND UPHOLDS HIS RIGHT TO IMPOSE TARIFFS CALLING THE TRADE DEFICIT AN EMERGENCY
BUT UNDER TRUMP THE US TRADE DEFICIT HAS REACHED A RECORD HIGH!!!
ECONOMIC DISASTER MAY BE TOO LATE TO REVERSE AS CHINA SHOWS LITTLE WILLINGNESS TO RESTART EXPORTS TO THE USA
TRUMP HAS NOW ADMITTED CHINA IS NOT SENDING US CRITICAL STUFF...
https://www.telegraph.co.uk/business/2025/05/30/trump-accuses-hustler-judges-of-attempting-to-destroy-ameri/
WHAT DID HE EXPECT? WHO DECLARES WAR AGAINST A COUNTRY, PUTS THEMSELVES AT THAT SAME COUNTRY S MERCY TO SURVIVE, AND THEN COMPLAINS THAT SAME ATTACKED COUNTRY SHOWS NO MERCY TO TRUMP AND THE OLIGARCHY OF SOROS, GATES WHO REALLY RUN THE TRUMP ADMIN?
END OF THE US EMPIRE IS NOW IN SIGHT
AMERICA IS THE NEW GREECE BUT WITHOUT AN EU TO GIVE IT VAST AMOUNTS OF MONEY AND CREDIT AS IT LOSES ITS RESERVE CURRENCY STATUS
President Trump’s tariffs remain in place, at least for now, after an appeals court ruled that his administration can continue to collect import fees, prolonging a business and economic crisis in the USA.
The economic crisis comes as the US exponentially growing debt crisis is threatening to get out of control.
The latest ruling came just a day after a separate court ruled that Trump had overstepped his power by using emergency laws.
The first court ruled Congress is responsible for legislating on tariffs.
The chaos and damage to the US businesses, which has resulted from the way Trump and his WH politiburo led by Stepehen Miller have introduced tariffs would not have been possible if the tariffs had been introduced through a bill Congress.
The very process of legislation requires more of a logical, reasoned well thought out plan.
Trump began his tariff chaos almost overnight on April 2nd just as his MAGA voters began to focus on the covid vaccine injuries and the failure of RFK Jr to stop the covid jab vaccines.
The mercurial, erratic tariffs may have been part of a strategy to deflect from the biggest crime in US history in which Trump and Kushner played a leading role.
That aside, the tariffs have backfired.
If they were designed to bring back capital to fund US debt, they failed, US debt costs increased.
If they were designed to incentivize manufacturing in the USA, they have failed. Businesses have not had the time or money to reorganize their supply chains and markets.
If Trump had not paused the tariffs after about week, the US economy would now be a total wreck.
Shelves would be empty. Inflation would be soaring. Busiensses would be closing. Tax revenue would be falling. US debt costs would be increasing....
The US defict has reached record heights due to Trump s tariffs making a mockery of his claim he needs to use executive powers to reduce the defict because the deficit is the national security emergency.
Apple has decided to import iPhones from India to the USA rather than moving manufacturing to the USA.
The 25% tariff tax on iPhones is likely going to be passed on to US consumers, fuelling inflation.
Moreover, China is in no rush to make a deal with Trump after the temporary truce ends.
China has a big poltiical and economic prize to gain by not sellings its stuff to America for an increasingly worthless dollar, and propping up Trump, Soros, Gates and the WEF elite
From the BBC
The impact of these tariffs on the world economy will be huge.
They can be measured by the lines on a chart of US tariff revenue jumping to levels not seen in a century - beyond those seen during the high protectionism of the 1930s.
Or in the overnight stock market falls, especially in Asia.
But the true measure of these changes will be significant changes to long-standing global avenues of trade.
At its heart this is a universal tariff of 10% on nearly all imports into the US for every country, coming in on Friday night. On top of that dozens of "worst offenders" will be charged reciprocally for having trade surpluses.
The tariffs on Asian nations are truly remarkable. They will break the business models of thousands of companies, factories, and possibly entire nations.
Some of the supply chains created by the world's biggest companies will be broken instantly. The inevitable impact will surely be to push them towards China.
Is this just a grand negotiation? Well the US administration appears to be claiming the tariff revenue for planned tax cuts. The scope for quick adjustment seems limited. As one White House official said bluntly: "This is not a negotiation, it's a national emergency".
....
The US's formula for the so-called "reciprocal tariffs" basically just charges a country for having a goods trade surplus with the US, exporting more to America than it imports. Then even if there is no surplus it whacks up the charge at the universal baseline of 10%.
All this reveals two things. The aim of policy is to reduce the US trade deficit to zero. That is a remarkable rerouting of world trade flows and explains the specific punitive focus on Asia.
....
Deficits and surpluses are a normal part of a functioning trade system where countries specialise in what they are the best at making. The US has now spectacularly ended that logic.
But shifting factories will take years. Tariffs at this scale on East Asia especially at 30 or 40% will hike prices of clothes, toys and electronics much more quickly.
The question now is how the rest of the world responds.
https://www.bbc.com/news/articles/cly1j2v4klzo
kann der Präsident unter bestimmten Voraussetzungen eigenständig Zölle verhängen. Trump argumentiert, dass Handelsdefizite mit anderen Ländern ein nationales Sicherheitsrisiko seien und damit ein nationaler Notstand bestehe.
Mit dieser Begründung verhängte der Republikaner die weitreichenden Zölle per Dekret und umging in diesem Fall das Parlament. Er nutzte dafür ein Gesetz aus dem Jahr 1977, das noch nie zuvor für Zölle angewandt worden war.
https://orf.at/stories/3395282/
The Commerce Department on Tuesday reported that the trade deficit increased 14% to a record $140.5 billion in March, rising from $123.2 billion in February.
Economists polled by LSEG had projected the trade deficit would be $137 billion in March.
Imports increased 4.4% to reach an all-time high of $419 billion in March, with goods imports rising 5.4% to a record $346.8 billion. Exports rose 0.2% to $278.5 billion, also a record high, while exports of goods were up 0.7% to $183.2 billion.
https://www.aol.com/us-trade-deficit-hits-record-182743151.html
US trade negotiations with China are “a bit stalled” and Donald Trump must break the deadlock, the Treasury Secretary Scott Bessent has said.
In an interview with Fox News, Mr Bessent said the US President would need to talk to Chinese President Xi Jinping directly to push the talks forward.
He said: “I think that given the magnitude of the talks, given the complexity, that this is going to require both leaders to weigh in with each other.”
https://www.telegraph.co.uk/business/2025/05/30/trump-accuses-hustler-judges-of-attempting-to-destroy-ameri/
Way better to take 25% tariff hit…’: Apple exports 2.9 million iPhones from India to US despite Trump’s pressure; China sees big fall
TOI Business Desk / TIMESOFINDIA.COM / Updated: May 30, 2025, 12:44 IST
Despite Trump's call to shift production, Apple significantly increased iPhone exports from India to the US, marking a 76% surge in April. This move aligns with Apple's diversification strategy amid declining Chinese exports.
https://timesofindia.indiatimes.com/business/india-business/way-better-to-take-25-tariff-hit-apple-exports-2-9-million-iphones-from-india-to-us-despite-trumps-pressure-china-sees-big-fall/articleshow/121507733.cms
https://www.ft.com/content/b11b8190-9ee8-4dde-ac05-f7d0e9d22df8
https://orf.at/stories/3395282/
The U.S. trade deficit grew to a record high in March after businesses stepped up their imports of goods in an effort to front-run tariffs.
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