Mike Pence’s Dollar Store Dream Is Killing The American Middle Class

A few weeks ago, Treasury Secretary Scott Bessent rightly pointed out that “Access to cheap goods is not the essence of the American dream. The American dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight […]

Treasury announces sanctions against major Mexican cartel network: 'Their days were numbered'



The Treasury Department announced sanctions Thursday against three Mexican nationals and two entities based in Mexico over ties to a criminal cartel network.

The sanctions are being imposed in response to the alleged fentanyl trafficking and fuel theft linked to Cartel de Jalisco Nueva Generacion, according to a press release. The CJNG network generates hundreds of millions of dollars annually and has been designated a foreign terrorist organization and a specially designated global terrorist.

'Their reign of terror will come to an end because of the strength and power that President Trump has brought back to the Oval Office.'

"President Trump promised the American public that he would ensure that their safety was at the forefront of every action that he took when he secured the border," Paul Anthony Perez, president of the National Border Patrol Council, said in a statement.

"Taking on the cartels and their illicit financial networks will have a devastating and crippling edict on their ability to operate in the United States," Perez added.

This is officially the eighth action the Treasury Department has taken against cartels under President Donald Trump's leadership.

"When President Trump took the oath of office, the criminal cartels were put on notice that their days were numbered," Perez said. "These actions today will ensure that the cartels no longer have the ability to provide unlimited funds to further their criminal enterprises and, at the same time, it will allow the United States Government to disrupt their daily activities on both sides of the border."

"Their reign of terror will come to an end because of the strength and power that President Trump has brought back to the Oval Office."

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Vance casts tiebreaking Senate vote after Republicans join Democrats to tank Trump's tariffs



The Senate failed to pass a resolution Wednesday night that would have halted President Donald Trump's tariffs after Vice President JD Vance cast the tiebreaking vote.

Three Republicans, Sens. Lisa Murkowski of Alaska, Susan Collins of Maine, and Rand Paul of Kentucky, bucked their party and sided with 46 Democrats in favor of passing the resolution. The remaining 49 Republicans voted against it, resulting in a 49-49 tie that Vance broke.

Murkowski and Paul, who have defied their party in the past, argued that Trump did not have the constitutional authority to impose these tariffs.

'Trump's ongoing trade war has been a focal point for his critics over the last few weeks.'

"Bilateral trade deficits do not constitute a national emergency, nor do they qualify as an 'unusual and extraordinary' circumstance needed to unlock authorities under the International Emergency Economic Powers Act," Murkowski said in a statement. "We have a lot more work to do to reclaim Congress's constitutional power over tariffs, but this resolution is a step in the right direction."

"The Constitution clearly states that Congress, not the president, has the power of the purse," Paul said in a statement. "All new taxes (which is what a tariff is) are supposed to originate in the House of Representatives before going to the Senate for approval."

Trump's ongoing trade war has been a focal point for his critics over the last few weeks. With market uncertainty and ongoing trade negotiations, the GDP experienced a contraction in the first quarter.

Although the latest GDP report may have some warning signs on its face, former Vice Chair of the Federal Reserve Richard Clarida argued that the figures were distorted by tariffs, and the administration pointed to several positive economic indicators in the report.

"It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth, but the underlying numbers tell the real story of the strong momentum President Trump is delivering," press secretary Karoline Leavitt said in a statement Wednesday.

"Robust core GDP, the highest gross domestic investment in four years, job growth, and trillions of dollars in new investments secured by President Trump are fueling an economic boom and setting the stage for unprecedented growth as President Trump ushers in the new golden age," Leavitt said.

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The underlying wins in Trump's first GDP report



The Department of Commerce released the first GDP report of President Donald Trump's second term on Wednesday, sending critics into a frenzy.

The legacy media's coverage of the report reiterates the same claim: The economy "shrank." But between the lines, the report paints a different, more promising picture.

On its face, the report shows that the economy contracted at a 0.3% rate in the first quarter as a result of the ongoing trade war and tariff uncertainty. Despite this, former Vice Chair of the Federal Reserve Richard Clarida argued that this figure was "distorted" and predicted it would be revised upward.

'It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth, but the underlying numbers tell the real story of the strong momentum President Trump is delivering.'

"Not really much of a surprise," Clarida said. "I do think the Q1 numbers were probably distorted by that huge surge in imports to front-run the tariffs, and I think could be revised up slightly. So the final number may be closer to zero."

"I do think probably that the Fed will probably try to look through this number because of those distortions. ... Maybe the headline number is a bit misleading this time," Clarida added.

As Clarida pointed out, these distortions are overshadowing key indicators that would suggest the economy is actually building momentum.

For example, consumer spending outpaced government spending by 3.2 percentage points, which has been the strongest figure since the Q2 report back in 2022. Consumer spending is a strong indicator of economic health that can lead to several positive outcomes like GDP growth, increasing demand, and job creation.

The report found that inflation has also halted, with the PCE price index showing zero increase in costs from February to March. This is a promising figure compared to the 0.3% increase in costs in January.

"It's no surprise the leftovers of Biden's economic disaster have been a drag on economic growth, but the underlying numbers tell the real story of the strong momentum President Trump is delivering," press secretary Karoline Leavitt said in a statement Wednesday.

While the GDP has contracted overall, the core GDP grew a robust 3%, which the administration said "signals strong underlying economic momentum." Gross domestic investment also soared 22% in the first quarter, which was the highest in four years.

"Robust core GDP, the highest gross domestic investment in four years, job growth, and trillions of dollars in new investments secured by President Trump are fueling an economic boom and setting the stage for unprecedented growth as President Trump ushers in the new golden age," Leavitt said.

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Bessent aims to de-escalate China trade war: 'The current status quo is unsustainable'



Treasury Secretary Scott Bessent said the current state of America's trade war with China is "unsustainable," signaling support for a de-escalation between the two countries.

When asked if the China tariffs will come down, Bessent told reporters during a media roundtable Wednesday that "both sides believe that the current status quo is unsustainable." The United States imposed a 145% tariff on Chinese imports, and China subsequently retaliated with a 125% tariff on the United States.

Nevertheless, Bessent assured reporters that 'we are moving towards certainty.'

Bessent also added that "both sides are waiting to speak to the other," clarifying that the trade negotiations between the United States and China have not begun.

"I think at this point there would have to be a de-escalation by both sides," Bessent said. "I would be surprised if they went down in a mutual way."

Bessent also said that President Donald Trump has not yet made any unilateral offers to de-escalate.

Because a trade agreement has not yet been reached, some American companies are reportedly reluctant to hire during this period of uncertainty. Nevertheless, Bessent assured reporters that "we are moving towards certainty."

"It's a three-legged stool, and everyone seems to want to focus on one leg, which is tariffs," Bessent said. "The underreported story is that tax is going better than expected, and the Republican unity around that has been very strong."

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Blaze News original: Trump's reciprocal tariffs — and decades of devastating fees the world pushed on America



President Donald Trump has repeatedly scorched decades of unfair trading practices for hindering the United States' economy. He dubbed Wednesday, April 2, "Liberation Day" for America, unveiling a sweeping list of new tariffs targeting nations — both friends and adversaries — that have long burdened the U.S. with far higher fees than it has placed on them in return.

The administration had previously announced that it planned to roll out "reciprocal tariffs," explaining that the U.S. would begin imposing balanced fees. Trump left room for some exceptions to this rule, noting that countries fueling America's illegal immigration and drug crisis would face significantly higher tariff rates.

‘They charge us; we charge them.’

While Trump and his Cabinet have maintained that increasing tariffs will boost the U.S. economy, his Democratic critics and their corporate media allies contend it will have the opposite effect — passing the increased costs of imports on to American consumers. Everything from vehicles to everyday necessities, including gas and groceries, will skyrocket, according to Trump's detractors.

The fierce backlash and potential economic uncertainty of the unprecedented tariff hikes appeared to influence Trump to dial back his initial plan to implement across-the-board equal tariffs. Instead, on Wednesday, he revealed that most of the increases, while still reciprocal, are capped at about half the levels other nations currently slap on the U.S.

The new reciprocal tariffs

On Wednesday afternoon, Trump announced the administration's final decision on tariffs while highlighting how America has been treated unfairly.

Trump held up a chart listing the new "discounted reciprocal tariffs" next to "tariffs charged to the U.S.A.," which he noted factored in currency manipulation and trade barriers, not tariff rates alone.

— (@)

The chart listed China as charging the U.S. 67%.

"We're going to be charging a discounted reciprocal tariff of 34%," Trump said, referring to China. "They charge us; we charge them. We charge them less, so how can anybody be upset?"

"They will be because we never charge anybody anything," he added.

Trump continued down the chart, stating that the European Union has been "very tough traders."

"They rip us off," the president declared.

‘For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike.’

Trump noted that most of his administration's reciprocal tariffs would amount to about half the rates foreign countries currently levy against the U.S. However, he stated that the administration would implement a 10% minimum baseline. For example, according to the chart, the U.S. will match the United Kingdom's and Brazil's 10% rate.

The administration rolled out the new tariff rates to address the U.S.' $1.2 trillion trade deficit. According to Treasury Secretary Scott Bessent, 15% of countries compose America's most significant trade deficits. He dubbed those nations the "dirty 15" in a March interview with Fox Business.

In its reasoning for the baseline rate, the White House cited a 2024 economic analysis that found a global 10% tariff would generate $728 billion and 2.8 million new jobs.

High tariffs against the US

Trump highlighted instances when foreign countries imposed steep tariffs against the U.S., pulling data from the U.S. Trade Representative's 2025 National Trade Estimate Report on Foreign Trade Barriers.

"For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike," he claimed.

"Let me offer just a few examples of the vicious attacks our workers have faced for so many years," Trump continued. "The United States charges other countries only a 2.4% tariff on motorcycles. Meanwhile, Thailand and others are charging much higher prices, like 60%. India charges 70%. Vietnam charges 75%. And others are even higher than that."

Trump also explained that the U.S. charged only 2.5% on foreign-made automobiles, while the European Union imposes over 10% tariffs with 20% VAT fees, and India charges 70%.

"Perhaps worst of all are the non-monetary restrictions imposed by South Korea, Japan, and very many other nations," he added. "Toyota sells 1 million foreign-made automobiles into the United States, and General Motors sells almost none. Ford sells very little."

As a result of the "horrendous imbalances," Trump revealed that the U.S. would impose a 25% tariff on all foreign vehicles.

Trump stated that Canada imposed a 250% to 300% tariff on dairy products.

"China charges American rice farmers an over-quota, it's called, tariff rate of 65%," he stated.

‘Official trade data appears to show that China fell far short of implementing its commitments to purchase US goods and services.’

According to the U.S. Department of Agriculture, a tariff quota, or a two-tiered tariff, allows countries to impose a lower rate for initial imports and a higher rate for later ones.

Trump also noted that South Korea charges American rice farmers rates between 50% and 513%, while Japan imposes 700%.

A White House fact sheet from Wednesday highlighted several more "unfair tariff disparities," stating that the U.S. sets a 0% tariff on networking switches and routers, while India charges 10% to 20%.

"Brazil (18%) and Indonesia (30%) impose a higher tariff on ethanol than does the United States (2.5%)," it read. "Apples enter the United States duty-free, but not so in Turkey (60.3%) and India (50%)."

Trump's critics have claimed that his recent increased tariffs will result in higher costs for American consumers, with some countries imposing their own retaliatory fees. However, the administration argued that the U.S. has been mistreated for decades — long before Trump hiked any rates.

While Democrats continue to paint a picture that Trump's increases will spell disaster, a 2018 report from the Pew Research Center stated that U.S. tariffs were "among the lowest in the world."

"In 2016, according to the World Bank, the average applied U.S. tariff across all products was 1.61%; that was about the same as the average rate of 1.6% for the 28-nation EU, and not much higher than Japan's 1.35%," the report read.

However, it noted that the "average rates are weighted by product import shares with all of each nation's trading partners, and don't necessarily reflect the provisions of specific trade deals."

In other words, these averages include all trade with every nation, so the actual tariffs imposed on the U.S. could be lower or even much higher depending on the product and the partner country.

China

The USTR's latest annual foreign barriers report, cited by Trump, further exposed unequal trade practices between the U.S. and other nations, dedicating a significant portion of the document to detailing obstacles with China.

It stated that China has failed to follow through on implementing some of the "more important commitments" from its January 2020 economic and trade agreement with the U.S. The report specifically pointed to agriculture-related provisions and intellectual property and technology agreements.

"In addition, official trade data appears to show that China fell far short of implementing its commitments to purchase U.S. goods and services, which covered the years 2020 and 2021," it read.

Prior to China joining the World Trade Organization, an international group dealing with trade rules and agreements, it imposed notoriously steep tariffs on the U.S. China was charging an average of 22.1% on all general imports and up to 100% on vehicles.

Meanwhile, the U.S. has historically imposed a 2.5% tariff on imported foreign vehicles before Trump took office.

Upon joining the WTO in 2001, China consented to bring auto tariffs down to 25% over a six-year period and farm products to 15% or less.

A 2010 USTR report noted that China had made significant progress in lowering its tariffs after joining the WTO. However, it maintained "high duties on some products that compete with sensitive domestic industries." According to the report, China imposed 30% tariffs on large motorcycles.

"Likewise, most video, digital video, and audio recorders and players still face duties of approximately 30 percent. Raisins face duties of 35 percent," the report read.

India

In 2016, the USTR called India's tariff system "complex and characterized by a lack of transparency in determining net effective rates."

India, also a part of the WTO, reportedly had significant disparities between its Most Favored Nation rates and its bound rates, which are fees that generally cannot be exceeded for other WTO nations.

"India's average bound tariff rate was 48.6 percent, while its simple MFN average applied tariff for 2014 was 13.5 percent," the report stated.

At the time, the WTO listed India's bound rate at 114%.

"India also maintains very high tariff peaks on a number of goods, including flowers (60 percent), natural rubber (70 percent), automobiles and motorcycles (60 percent to 75 percent), raisins and coffee (100 percent), alcoholic beverages (150 percent), and textiles (some ad valorem equivalent rates exceed 300 percent)," the USTR report read.

European Union

The USTR reported in 2017 that the EU's tariffs were "generally low for non-agricultural goods" but listed several higher fees, including 26% for fish and seafood, 10% for vehicles, 22% for trucks, 6.5% for fertilizers and plastics, and 14% for bicycles.

The 2025 updated USTR report revealed that tariffs remained at those same rates.

Brazil

A 1996 UTSR stated that Brazil's maximum tariff level was 70%, which was down from 105% in 1990.

The USTR's 2016 report revealed that despite Brazil being a part of the WTO, its maximum tariff rates were steep, including 55% for agricultural goods and up to 35% on industrial products.

"Brazil imposes relatively high tariffs on imports across a wide spread of sectors, including automobiles, automotive parts, information technology and electronics, chemicals, plastics, industrial machinery, steel, and textiles and apparel," the report found.

The response

The Trump administration anticipates that some countries will respond to the tariff increases by implementing their own retaliatory fees. However, officials remain confident that the U.S. price hikes will bring more economic growth and not less.

Last month, Trump warned, "It's going to be very costly for people to take advantage of this country. They can't come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished."

‘A long-overdue shift away from a harmful economic framework that has devastated the working class.’

"And they're being punished by tariffs. It's a very powerful weapon that politicians haven't used because they were either dishonest, stupid, or paid off in some other form," he stated.

Trump committed to removing tariffs for foreign companies that build their products in the U.S. He rattled off a list of businesses that have already agreed to make significant investments in the U.S., including Apple, SoftBank Group, OpenAI, Oracle, Nvidia, Johnson & Johnson, Eli Lilly and Company, and Meta. Trump also noted that several automakers are ramping up American investments.

United Auto Workers members applaud as President Donald Trump announces new tariffs during a Make America Wealthy Again trade announcement event in the Rose Garden on April 2, 2025, in Washington, D.C. Photo by Chip Somodevilla/Getty Images

Trump pledged that Liberation Day would go down in history as the turning point that would "make America wealthy again," stating that "jobs and factories will come roaring back into our country."

The United Auto Workers, a union that endorsed Trump's challenger, Vice President Kamala Harris (D), in the 2024 presidential election, has expressed strong support for the president's foreign automobile tariffs, calling it "a long-overdue shift away from a harmful economic framework that has devastated the working class."

During his Wednesday address, Trump highlighted how the imbalanced trade market has also harmed American farmers and ranchers.

The National Cattlemen's Beef Association backed Trump's decision to impose higher tariffs.

"For too long, America's family farmers and ranchers have been mistreated by certain trading partners around the world. President Trump is taking action to address numerous trade barriers that prevent consumers overseas from enjoying high-quality, wholesome American beef. NCBA will continue engaging with the White House to ensure fair treatment for America's cattle producers around the world and optimize opportunities for exports abroad," said Ethan Lane, the association's president of government affairs.

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