💰 US Set to Collect $120+ Billion From New G7 Tariffs, Sputnik's Analysis of US Trade Data

Based on last year's import volumes, the potential revenues from new tariffs in 2025 are:

🇫🇷 France: 20% on $59.9 bln imports generates $12 bln;

🇩🇪 Germany: 20% on $160.4 bln imports adds $32.1 bln;

🇮🇹 Italy: 20% on $76.4 bln imports produces $15.3 bln;

🇯🇵 Japan: 24% on $148.2 bln imports equals $35.6 bln;

🇬🇧 UK: 24% on $68.1 bln imports adds $6.8 billion;

🇨🇦 Canada: 24% on $73.7 bln of aluminum, steel, automobiles and spare parts imports brings $18.4 bln.

The US will impose a 10% tariff on all foreign imports starting on Saturday, with higher reciprocal tariffs on countries with the largest trade deficits effective from next Wednesday.

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Malian President Assimi Goita to Pay Official Visit to Russia in June, Foreign Minister Diop Says

🤝 High-level contacts between Mali and Russia are regular, the minister noted, thanking Moscow for unwavering and constant support.

According to the head of Malian diplomacy, such contacts are important to make bilateral relations "dynamic."

🪖 In early March, President Goita received a Russian delegation led by Deputy Defense Minister Yunus-Bek Yevkurov to discuss the assessment and strengthening of military cooperation between the two nations.

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On a road trip with my dad, and no joke he handed this to me and said, “You’re in charge of the tunes.”

We are doing really well on our TARIFF POLICY. Very exciting for America, and the World!!! It is moving along quickly. DJT

Wow. Can you even believe it? JD Vance is the best Tucker Carlson has ever ever seen. Who could see this coming?!

Grovel, peons. Your forever ruler has been chosen.

https://x.com/trashdiscourse/status/1910790234478166464?s=46

Case in point. (I really can’t fully articulate how deeply I detest these people.)

https://x.com/ghostofbph/status/1910868574870138947

Antonio Brown still one of the funniest Trump surrogates in the game.

https://x.com/ab84/status/1910750976585191575

Judge a man by his enemies.

https://x.com/ab84/status/1909301147329835346

👀👀👀 https://x.com/chrispavlovski/status/1910833476183400487

" “The Trump administration is in a good position to negotiate a strong deal, one that can verifiably prevent Iran from having nuclear weapons for a significant period of time,” said Robert Einhorn, a former State Department nonproliferation official. “But it shouldn’t overplay its hand.”
Iran has long balked at demands that it completely dismantle its nuclear program, which it claims is for peaceful purposes and not aimed at producing a nuclear device. A compromise that enabled it to enrich uranium with international inspections was central to the 2015 accord Tehran reached with the U.S. and other world powers.“The Trump administration is in a good position to negotiate a strong deal, one that can verifiably prevent Iran from having nuclear weapons for a significant period of time,” said Robert Einhorn, a former State Department nonproliferation official. “But it shouldn’t overplay its hand.”
Iran has long balked at demands that it completely dismantle its nuclear program, which it claims is for peaceful purposes and not aimed at producing a nuclear device. A compromise that enabled it to enrich uranium with international inspections was central to the 2015 accord Tehran reached with the U.S. and other world powers. " https://archive.is/sg6PA

NEW: Bill Maher says his “mind was blown” to come to the realization that Trump is much more self-aware and personable than he ever imagined.

“Everything I’ve ever not liked about him was, I swear to God, absent,” Maher said.

“He’s much more self-aware than he lets on in public. Look, I get it. It doesn’t matter who he is at a private dinner with a comedian. It matters who he is on the world stage. I’m just taking as a positive that this person exists, because everything I’ve ever not liked about him was, I swear to God, absent.

“At least on this night with this guy, Bob, Kid Rock told me the night before, he said, ‘If you want to get a word in edgewise, you’re going to have to cut him off. He’ll just go on.’ Not at all. I’ve had so many conversations with prominent people who are much less connected.

“People who don’t look you in the eye, people who don’t really listen because they just want to get to their next thing. People whose response to things you say just doesn’t track. Like what? None of that with him. And he mostly steered the conversation to, ‘What do you think about this?’

“I know your mind is blown. So is mine.”

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Bill Maher on his meeting with Trump

Stephen Miran's "Mar-a-Lago Accord"

A User’s Guide to Restructuring
the Global Trading System

"The desire to reform the global trading system and put American industry on fairer ground vis-à-vis the rest of the world has been a consistent theme for President Trump for decades. We may be on the cusp of generational change in the international trade and financial systems.

The root of the economic imbalances lies in persistent dollar overvaluation that prevents the balancing of international trade, and this overvaluation is driven by inelastic demand for reserve assets. As global GDP grows, it becomes increasingly burdensome for the United States to finance the provision of reserve assets and the defense umbrella, as the manufacturing and tradeable sectors bear the brunt of the costs.

In this essay I attempt to catalogue some of the available tools for reshaping these systems, the tradeoffs that accompany the use of those tools, and policy options for minimizing side effects. This is not policy advocacy, but an attempt to understand the financial market consequences of potential significant changes in trade or financial policy.

Tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects, consistent with the experience in 2018-2019. While currency offset can inhibit adjustments to trade flows, it suggests that tariffs are ultimately financed by the tariffed nation, whose real purchasing power and wealth decline, and that the revenue raised improves burden sharing for reserve asset provision. Tariffs will likely be implemented in a manner deeply intertwined with national security concerns, and I discuss a variety of possible implementation schemes. I also discuss optimal tariff rates in the context of the rest of the U.S. taxation system.

Currency policy aimed at correcting the undervaluation of other nations’ currencies brings an entirely different set of tradeoffs and potential implications. Historically, the United States has pursued multilateral approaches to currency adjustments. While many analysts believe there are no tools available to unilaterally address currency misvaluation, that is not true. I describe some potential avenues for both multilateral and unilateral currency adjustment strategies, as well as means of mitigating unwanted side effects.

Finally, I discuss a variety of financial market consequences of these policy tools, and possible sequencing."

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf?utm_source=chatgpt.com

This one cuts deep.

https://x.com/kanyewest/status/1911222147898548506