An article just published by the Independent Sentinel that sees the new tariffs imposed by US Pres. Trump as causing the rest of the world to shift away from commerce with the US and form new trade alliances between themselves. Titled the Shanghai Cooperation Summit , “At that meeting were the leaders of the world’s two most populous countries, Xi Jinping of China, and Narendra Modi of India, in addition to Vladimir Putin of Russia. Joining them were leaders from Saudi Arabia, Iran, Turkiye, and Brazil.”
It discusses new Chinese trade pacts with Russia for oil and foods from Brazil, and a new railroad in Brazil built by the Chinese Belt and Road Initiative to move the food quickly to the seacoast for shipping. India can’t supply China with food because they have their own growing 1.5 billion population to keep from starvation and China isn’t about to start hiring Indian technicians for cheap labor like the US has, when they already have cheap labor.
Brazil can’t begin to supply China with all the food they require, that the US has been supplying and will continue to supply. American farmers ARE NOT “devastated” as the article claims and these Chinese infrastructure projects will take years to complete, if they ever do get completed because the Chinese economy is having problems.
This is because of the Tariffs. The US has been China’s biggest customer and has financed and fueled most of China’s economy. Russia may sell China cheaper oil but they can’t buy much of China’s goods, so it’s a money drain for China. The tariffs Trump’s imposed have been leveling the playing field in global trade, wherein the US sells as much as it buys instead of selling little overseas and buying a lot, creating a money drain on the US and resulting in the US importing cheap labor to be able to compete while US citizen unemployment stays high.
Prices on some goods are bound to increase as not all foreign sellers will absorb the costs of the tariffs without raising their prices to compensate. Even so, that tariff money still flows into US coffers, increasing US wealth and allowing for lower taxes on wages.
This is about Fair Trade. The fluctuations will settle down as the new trade agreements take full effect, meaning prices of goods will, too. Additionally, manufacturing is moving back to the US, removing some of the dependence on China, mostly, and opening up new jobs at the same time the deportation of millions of illegals removes them from the labor force and makes those jobs available to Americans, which reduces crime caused by illegals and poverty.
Many of those illegals send the money they earn back to their families in other nations, further draining the US economy, which reduces new business opportunities, creates unemployment and causes poverty.
Globally, yes, the nations that have been sucking the US dry are very upset by the tariffs and deportations, but the Free Lunch has to end before the US runs out of bread, and yes, that’s a pun.