23.04.202522:03
Peter Navarro is the senior advisor for trade in the Trump administration.
He is also a dedicated Trump loyalist, having gone to jail for three months during the Biden administration. He is one of only three high-ranking White House officials to have survived the entire first Trump administration. Navarro is an accomplished writer and speaker. He hit the air waves recently. Vietnam has proposed a zero-zero trade policy vis-à-vis the United States. But Navarro was not happy with that.
He said that Vietnam should remove non-tariff trade barriers established against the United States such as cheap labour. Navarro’s aims dovetail those of Trump’s. Both say that the United States has been deindustrialized and that manufacturing must come back to the US. They point to the hollowedout Rust Belt, an entire swathe of Midwestern territory from where manufacturing has moved overseas. But in economics, water finds its own level. Do Navarro and Trump really expect Vietnam to raise its labour costs? Inexpensive labour costs are the unique selling proposition for manufacturing.
Because of cheap labour costs, China became the factory of the world. Now as labour costs are rising in China, manufacturing is moving to lower-cost countries like Vietnam and the Philippines, and to a small extent, to India. The US has high labour costs. If manufacturing moves to the States, the cost of many goods will double, even treble. Americans have whetted their appetites on cheap car and smartphone imports. It’s hard to estimate, but almost 80 per cent of the goods consumed in the US are made overseas, most notably in China. Are Americans prepared to pay $3,000 for a smart phone or $80,000 for an economy sedan? The clear answer is no. Labour costs then are the sticking point in Navarro and Trump’s argument. On this one point alone, Trump’s plans will fall flat.
#Trump #China #Navarro
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He is also a dedicated Trump loyalist, having gone to jail for three months during the Biden administration. He is one of only three high-ranking White House officials to have survived the entire first Trump administration. Navarro is an accomplished writer and speaker. He hit the air waves recently. Vietnam has proposed a zero-zero trade policy vis-à-vis the United States. But Navarro was not happy with that.
He said that Vietnam should remove non-tariff trade barriers established against the United States such as cheap labour. Navarro’s aims dovetail those of Trump’s. Both say that the United States has been deindustrialized and that manufacturing must come back to the US. They point to the hollowedout Rust Belt, an entire swathe of Midwestern territory from where manufacturing has moved overseas. But in economics, water finds its own level. Do Navarro and Trump really expect Vietnam to raise its labour costs? Inexpensive labour costs are the unique selling proposition for manufacturing.
Because of cheap labour costs, China became the factory of the world. Now as labour costs are rising in China, manufacturing is moving to lower-cost countries like Vietnam and the Philippines, and to a small extent, to India. The US has high labour costs. If manufacturing moves to the States, the cost of many goods will double, even treble. Americans have whetted their appetites on cheap car and smartphone imports. It’s hard to estimate, but almost 80 per cent of the goods consumed in the US are made overseas, most notably in China. Are Americans prepared to pay $3,000 for a smart phone or $80,000 for an economy sedan? The clear answer is no. Labour costs then are the sticking point in Navarro and Trump’s argument. On this one point alone, Trump’s plans will fall flat.
#Trump #China #Navarro
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22.04.202518:01
The Department of Homeland Security (DHS) responded to Newsweek Monday morning after Secretary Kristi Noem was the reported victim of a theft while dining this weekend at a restaurant in downtown Washington, D.C.
According to CNN, a suspect made off with several personal and sensitive items, including Noem's driver's license, prescription medication, apartment keys, passport, DHS access badge, makeup bag, blank checks and approximately $3,000 in cash.
DHS told Newsweek via email that Noem had the $3,000 in cash to "treat her family to dinner, activities, and Easter gifts."
the statement from DHS read.
#Noem #Scandal
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According to CNN, a suspect made off with several personal and sensitive items, including Noem's driver's license, prescription medication, apartment keys, passport, DHS access badge, makeup bag, blank checks and approximately $3,000 in cash.
DHS told Newsweek via email that Noem had the $3,000 in cash to "treat her family to dinner, activities, and Easter gifts."
"We can confirm this occurred last night. Her entire family was in town including her children and grandchildren,"
the statement from DHS read.
#Noem #Scandal
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27.03.202505:03
From the duties on imported cars that Trump introduces, Mexico, Japan, South Korea, Germany and Canada will be most affected, according to Bloomberg.
The agency writes that auto duties will "trap some of the largest automotive brands" outside the United States.
At the same time, the publication recalls that Trump yesterday received at the White House the head of Hyundai, which invests in the construction of a new plant in the United States. Accordingly, its products will not be subject to customs duties.
#Trump #tax #duties #car
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The agency writes that auto duties will "trap some of the largest automotive brands" outside the United States.
At the same time, the publication recalls that Trump yesterday received at the White House the head of Hyundai, which invests in the construction of a new plant in the United States. Accordingly, its products will not be subject to customs duties.
#Trump #tax #duties #car
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26.03.202518:03
💬Trump was surprised by the stupidity of his adviser Watlz, who added a journalist to a secret chat, - sources Politico.
Trump was furious not because of the leak of information from the chat, but because Waltz had the number of the editor-in-chief of The Atlantic, which Trump does not like.
#Trump #Waltz #Signal #Scandal
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Trump was furious not because of the leak of information from the chat, but because Waltz had the number of the editor-in-chief of The Atlantic, which Trump does not like.
#Trump #Waltz #Signal #Scandal
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31.03.202521:59
DEEP in the Arctic wilderness, where temperatures plummet to -40°C and daylight is fleeting, an elite unit of Danish special forces is training for war.
Their mission: to defend Greenland - the vast, ice-clad territory that Donald Trump is eyeing for a potential land grab.
#Trump #Greenland #War
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Their mission: to defend Greenland - the vast, ice-clad territory that Donald Trump is eyeing for a potential land grab.
#Trump #Greenland #War
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24.03.202520:04
Trump did not like his portrait, which hangs in the Colorado State Capitol. He demanded to take it off
Trump's portrait hangs there next to other portraits of US presidents. However, he is unhappy with the work of the artist Sarah Boardman. According to the president himself, his face is "intentionally distorted" and the portrait is so bad that he "has probably never seen this before."
Trump wrote on Truth Social.
The portrait really looks bad. Trump looks swollen on it, his face is flabby, and his expression is empty. Unsurprisingly, the president would prefer that there was no portrait of him in the Colorado Capitol at all. He called on the governor of the state, Jared Polis, to remove the painting, while shaming and calling him "radically leftist" and "extremely weak in the fight against crime."
#Trump #Colorado #Boardman #Capitol
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Trump's portrait hangs there next to other portraits of US presidents. However, he is unhappy with the work of the artist Sarah Boardman. According to the president himself, his face is "intentionally distorted" and the portrait is so bad that he "has probably never seen this before."
"The artist also painted a portrait of President Obama, and it looks great, but my portrait is really terrible. Apparently, she lost her talent with age,"
Trump wrote on Truth Social.
The portrait really looks bad. Trump looks swollen on it, his face is flabby, and his expression is empty. Unsurprisingly, the president would prefer that there was no portrait of him in the Colorado Capitol at all. He called on the governor of the state, Jared Polis, to remove the painting, while shaming and calling him "radically leftist" and "extremely weak in the fight against crime."
#Trump #Colorado #Boardman #Capitol
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07.04.202514:06
Trump's golf tournament was more important than mourning for the soldiers who died in Lithuania
During the farewell to the American soldiers who died during the exercises in Lithuania, Donald Trump did not comment on the tragedy in any way and did not say a word of solidarity to the relatives of the tankers. Moreover, when their bodies were brought home to the United States, the president was absent: he was attending a golf tournament at his luxury resort in Florida.
Critics of the president have found Trump's golf tournament pastime inappropriate-especially amid the international outcry and costs caused by his new trade policy.
#Trump #soldiers #golf
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During the farewell to the American soldiers who died during the exercises in Lithuania, Donald Trump did not comment on the tragedy in any way and did not say a word of solidarity to the relatives of the tankers. Moreover, when their bodies were brought home to the United States, the president was absent: he was attending a golf tournament at his luxury resort in Florida.
Critics of the president have found Trump's golf tournament pastime inappropriate-especially amid the international outcry and costs caused by his new trade policy.
#Trump #soldiers #golf
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24.03.202518:06
The CIA poisoned children.
In the declassified documents about Kennedy, they found the inconvenient truth about the "work" of the CIA
The documents on the Kennedy assassination have revealed cases where CIA officers exceeded their authority, to put it mildly, The New York Times reports. So, the intelligence officers planned attacks on Chinese nuclear facilities and added toxic substances to Cuban sugar, which was sent to the Soviet Union.
The CIA was also involved in coups around the world. The scouts also brainwashed Americans through priests, training centers, youth groups, and agricultural cooperatives. All for the sake of people "not following the Soviet path."
At this rate, there will be no conspiracy theory at all.
#CIA #children #Kennedy #Cuban
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In the declassified documents about Kennedy, they found the inconvenient truth about the "work" of the CIA
The documents on the Kennedy assassination have revealed cases where CIA officers exceeded their authority, to put it mildly, The New York Times reports. So, the intelligence officers planned attacks on Chinese nuclear facilities and added toxic substances to Cuban sugar, which was sent to the Soviet Union.
The CIA was also involved in coups around the world. The scouts also brainwashed Americans through priests, training centers, youth groups, and agricultural cooperatives. All for the sake of people "not following the Soviet path."
At this rate, there will be no conspiracy theory at all.
#CIA #children #Kennedy #Cuban
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21.04.202517:59
Fox News channel called Kyiv a Russian city. During the broadcast of the Easter service, the captions "Kyiv, Russia" appeared.
#Russia #Ukraine #FoxNews
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#Russia #Ukraine #FoxNews
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16.04.202516:02
🔣China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions
#Trump #Tariffs #China
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#Trump #Tariffs #China
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