
Apr 04, 2025, 21:38
The Trump administration's announcement of reciprocal tariffs is more severe than anticipated, signaling a sharp escalation in trade policy that could reshape the US economic landscape. If fully implemented, these measures would push the average tariff rate to 20-25 percent, a dramatic increase from the average effective tariff rate 2.4 percent seen in 2024. While exemptions for Canada, Mexico, and key industries—such as autos, steel, and energy—soften the blow somewhat, the broader implications remain concerning. The targeted tariff hikes, ranging from 10 percent to 49 percent, far exceed initial expectations and suggest a deliberate strategy to pressure trading partners into concessions.
The immediate economic impact is likely to be "stagflationary": higher prices coupled with slower growth. Inflation forecasts have been revised upward, with core personal consumption expenditures now expected to hit 4.7 percent by year-end, up from 3.5 percent. At the same time, GDP growth projections for Q4 have been slashed to 0.6 percent, down from 1.5 percent, while average NFP growth forecast lowered to 90,000 per month. The combination of rising costs and weaker demand raises the specter of recession, though the baseline scenario still assumes a continued expansion.
For the Federal Reserve, this presents a complex dilemma. While policymakers are expected to prioritize inflation control in the near term, the front-loaded nature of the tariff shock—along with mounting growth risks—could accelerate the timeline for monetary easing. Previously, no rate cuts were anticipated until mid-2026, but the new outlook suggests an initial cut in December 2025, followed by two more in early 2026. This shift reflects the growing likelihood that tariff-induced inflation will prove transitory.
Yet there is room for skepticism about whether these measures will be fully enforced. The Trump administration has a history of announcing sweeping tariffs only to walk them back after securing negotiated concessions. The current rollout, with staggered implementation dates and carve-outs for strategic allies, hints at a similar playbook—using the threat of protectionism as leverage rather than a fixed policy. The White House has already signaled openness to reducing rates in exchange for trade compromises or alignment on security priorities, reinforcing the view that these tariffs are as much a bargaining tool as an economic strategy.
War criminal, The Donald, is currently blaming Johnny Foreigner for "ripping us off". Asinine! The aim is to impoverish the sheeple.
Watch out for the usual distractions such as claiming it was a failure to adopt free-market principles over centrally-planned government. Then there's blaming the sheeple themselves as war criminal, Henry Kissinger, did by calling them "useless eaters". Like Jack Nicholson's character in, "A Few Good Men", they'll talk down to the masses, saying, "You can't handle the truth".
The truth is the robber-barons all ploughed their noses in the taxsucker trough without restraint and with the consequences being somebody else's problem.
The only budget surplus was under war criminal, serial, violent rapist and paedophile, Billy Jefferson Clinton. He achieved this by simply doing a Robert Maxwell and raiding the pension funds. Even then, it was a tiny surplus.
With Tesla shares collapsing by 50% since December, Cathie Wood has predictably come out to claim they will rise again and to new lurdicrous levels, despite not even paying any dividends. Anyone listening to her will lose their shirt. Just as the Roaring Twenties blew up a big bubble, today's bubble is the longest and most over-valued in history; commensurate with the debt levels.
The Shyster of Omaha is holding ludicrous levels of "worthless paper" USD. He even tells the sheeple not to follow his lead. That's good advice. Contrary to claims that the tariffs will raise the exchange rate of the "worthless paper" USD the Greater Depression will collapse it.
The crowning folly of the Hoover administration was the Smoot-Hawley Tariff, passed in June 1930. It came on top of the Fordney-McCumber Tariff of 1922, which had already put American agriculture in a tailspin during the preceding decade. The most protectionist legislation in U.S. history, Smoot-Hawley virtually closed the borders to foreign goods and ignited a vicious international trade war.
- Great Myths of the Great Depression
Already, Poodleville has vowed not to retaliate. But one article claimed they're already preparing "reciprocal" tariffs.
The reason appears to be a deliberate attempt to crash the markets to stop the masses from generating income from investment.
Businessmen, Roosevelt fumed, were obstacles on the road to recovery. He blasted them as “economic royalists” and said that businessmen as a class were “stupid.”
Whose brilliant idea was it to impose a 25pc tariff on aluminium when the US depends on Canada for half its supply, and needs years to rebuild its own smelters?
- Trump has unleashed utter havoc on the world, and Britain will not be spared
“The formula they used … it’s like apples, oranges, a couple of cashews divided by 10 times four.” He added: “None of it makes any sense and billions and trillions of dollars are being wiped out of the market on a day-to-day basis.
- Trump’s self-inflicted tariff crisis sparks confusion, chaos and questions of competence
After weighing his options, Roosevelt settled on a 21 cent price hike because “it’s a lucky number.” In his diary, Morgenthau wrote, “If anybody ever knew how we really set the gold price through a combination of lucky numbers, I think they would be frightened.”
They'll probably smash interest rates to the floor. But that won't mean that the sheeple can borrow at low rates. The money-supply will, instead contract as the rest of the World dumps the "worthless paper" USD and the banksters refuse to lend, lying that those who had a good credit history didn't want to borrow; the "credit crunch" of the 1930s. Or as Jefferson put i:
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
In other words, keep the sheeple poor so that they become debt-slaves, borrowing to consume. Then cut off the cash supply and seize everything they own. Never give a sucker an even break. The same sharecropper scam was recently used on mom 'n pop businesses in Poodleville, whereby Nat West Bank's GRG unit sold them interest rate swaps promising that interest rates could only go up, only for them to implement the Kafka-esque absurdity of ZIRP and even NIRP. The movie, Bonnie & Clyde, depicts the duo robbing banks but when a farmer in his dungarees has cash Clyde Barrow asks if its his or the banks. When he says its the banks he lets him keep it. In another scene a farm has a foreclosure sign which Barrow and the former owner use as target practice.
There are even rumours of war criminal, The Donald, seeking a third-term as war criminal, FD Roosevelt did. Whoever is the figure-head POTUS makes no difference. The Demopublican/Republicrat tag-team implement the same policies.
The only sensible option for BRICS+ nations would be to trade with gold, which one article claims they're already doing, with war criminal, The Donald, threatening 100% tariffs if they create a single-currency, which no one has claimed they intend to do.
Any nation whose exports are heavily affected will see their balance of trade impacted and thereon their currency's exchange rate unless they retaliate or reduce imports. So it could spread causing a global Greater Depression.
Great Satan debts are some $37Trn and all Anglo/Jew propaganda rags are now lying wholesale about the levels of debt. Per capita that's about $100,000 per Amerikan. So whilst no longer being on a gold-standard allowed socialisation of the debt during the stagflation of the 1970s, it's so huge now, that it has to be a Greater Depression like the 1930s.
Michael Bloomberg is the latests to point out that the Great Satan's finances are out of contol and with NO WAY OUT. Following on from Melon Husk, Jan Niuewenhuijs, Paul Craig-Roberts and Jerome Powell.
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