Read Hanne’s The Herland Report.
It is astonishing and almost incomprehensible how quickly President Trump has rearranged the whole world order. The recent significant trade deal with China marks yet another historic milestone in Trump’s efforts to halt the American decline. For example, in 2017, U.S. tariffs on China were around 3%, China tariffs on U.S. goods were 8%. With the current historic agreement, the table is completely overturned. U.S. tariffs on Chinese goods will go from initially 3% to as much as 30% on approximately $439 billion worth of goods from China in 2024, while China imports approximately $143.5 billion worth of goods from the U.S. Chinese tariffs on American goods are only up 2%, from 8% to 10%.
Trump’s trade deals have hiked tariffs on Chinese goods from an astonishing 3% to 30%. This is nothing less than a revolution. Based on the 2024 import values, the U.S. can now anticipate annual collections amounting to approximately $130 billion more than in 2017. This trade revolution will be felt across America and marks the beginning of a golden age and the reindustrialization of the United States.
It began with a tough, uncompromising stance on tariffs to protect American interests and stop unfair trade rules, which caused dramatic turmoil in the global economy and fears of recession. China responded with defiance, demanding that the U.S. removes all tariffs before talks could be held. But the increase to 145% tariffs on Chinese goods would, if continued, had devastating effect on the Chinese economy. The groundbreaking deals made by the Trump administration in record speed is precisely what Trump had hoped for: a more just trade system that will no longer discriminate against the United States, but level the playing field for American workers and producers.
The latest deal with China includes a complete altering of tariffs and discussions to open the Chinese market for American exports.
“For some time, the United States has experienced a trade deficit with China that has contributed to the offshoring of American jobs and the decline of the manufacturing sector. In order to reach an agreement, the United States and China will each lower their tariffs by 115%, while maintaining an additional 10% tariff. Other U.S. measures will remain in place. Both parties will implement these measures by May 14, 2025. This trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people,” writes the White House.
Altogether, over 150 nations are in line-up to make trade deals, as the president recently stated in a Fox News special report. For example, it has been almost impossible for Americans to export to India due to the sky-rocketing tariffs placed on American goods. India is now willing to drop the 100% tariffs on U.S. imports altogether.
President Trump has been very vocal about the need to halt the enrichment of low-cost countries such as China and their Western billionaire partners at the expense of the Western worker. Since the 1980s, the globalist transnational economic system has opened up worldwide markets for the large American corporations.
Having outgrown the American domestic market, the billionaire globalists expanded worldwide and established their corporations in tax havens, outsourcing labor to low-cost countries such as China and India. Factories in Western nations were moved abroad, yet the profit gained was never redistributed through taxation back to the American and Western workers who lost their opportunities. Instead, the billions of dollars gained flowed swiftly to the top 1% untaxed and created the phenomenon that we now call “the billionaire elite” who practically function as overlords who own our democracies today.
The consolidation of power and wealth has been enormous. For instance, since the 1980s, the billionaire elite have steadily increased their ownership of mainstream media outlets. From approximately 50 companies with various owners in 1983 to just six companies by 2011, a select few individuals effectively control the information flow to the public as over 90% of the U.S. media is owned by them.
Naturally, when President Trump threatens the system that has made it possible for the ultra-rich to transfer wealth from ordinary workers and into their own hands, the billionaire-owned media will not write favorably about him. As Dr. Paul Craig Roberts, chairman of the Institute for Political Economy points out: “Trump represents ordinary Americans who prefer peace to the neoconservatives’ wars, who want their jobs back that the greed-driven capitalist global corporations sent to China and Asia, who want their children properly educated instead of indoctrinated with sexual perversion, Satanism, and told that they are racists.”