Russia Launches Major Ground Assault in Kursk
Russian advancement in Kursk coincided with Trump removing intelligence sharing with Ukraine.
https://www.youtube.com/watch?v=7N3q8-FdKHg
Tag: foreign affairs
Don’t Bail Out Farmers Again
“the White House is reportedly confronting a very different reality: one in which Trump’s trade war leaves many Americans worse off, with farmers likely to be hit the hardest.”
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“Agriculture Secretary Brooke Rollins told reporters last week that the White House has asked her to “have some programs in place that would potentially mitigate any economic catastrophes that could happen to some of our farmers” as a result of a trade war.”
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“The time to work that out might be running short. Trump has promised to ramp up his trade war with Mexico and Canada in early April, and the administration also plans to start slapping so-called “reciprocal tariffs” on imports from other countries on April 2. As the various trade wars escalate, farmers are likely to be on the front lines—because American agricultural exports are an easy target for retaliatory tariffs from other countries.”
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“That’s exactly what happened during Trump’s first term, when his trade war with China caused American farmers to lose a sizable chunk of one of their largest export markets. When farmers complained about it, the Trump administration provided a $28 billion bailout via a New Deal–era program at the Department of Agriculture.
Some of that is already happening. In response to tariffs imposed by Trump in February, China slapped new tariffs on a wide range of American farm exports, including beef, chicken, corn, cotton, dairy, fruits, pork, soybeans, and various vegetables. Both Canada and Mexico have indicated that they plan to retaliate against American tariffs with new levies targeting American agricultural goods.”
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“That’s the nasty thing about trade wars. Not only do they harm manufacturers and consumers seeking to buy raw materials and finished goods from abroad, but they also harm domestic producers (like farmers) who lose access to foreign markets and therefore earn less money. Tariffs hurt Americans who want to eat avocados from Mexico, and Americans growing soybeans to sell there. There are a lot more losers than winners—and that’s before taxpayers get put on the hook for bailouts.
There should be no taxpayer-funded bailouts for American farmers who get burned by Trump’s trade wars. If the White House is concerned about the consequences that higher tariffs will have on American agriculture, there is an easy solution: Don’t impose them.”
https://reason.com/2025/03/25/dont-bail-out-farmers-again/
Why Economists Hate Trump’s Tariff Plan | WSJ
Tariffs are usually harmful to most people.
https://www.youtube.com/watch?v=_-eHOSq3oqI
Trump workforce cuts could create a recruiting opening for adversaries
“The Trump administration’s rapid slashing of the government workforce creates fertile ground for foreign adversaries to recruit disgruntled staffers who know some of the nation’s most closely guarded secrets, according to former intelligence officials and national security insiders.
Hundreds of intelligence and national security officials who had access to reams of classified information are among the tens of thousands of federal workers who lost their jobs since President Donald Trump returned to the White House.”
https://www.politico.com/news/2025/03/21/federal-workforce-cuts-foreign-spies-00003590
Tariffs Raise Prices, Spark Conflicts, and Make Everyone Poorer
“The markets understand the basic truth about tariffs, which are taxes consumers in our country pay for imported goods. They raise prices, reduce our access to foreign goods and spark reciprocal tariffs that then punish our country’s farmers and manufacturers. They lead to less growth and more unemployment. They increase bureaucracy by requiring officials to calculate duties and enforce them. They create hostilities and have led to actual war.
As economist Robert Higgs explains, “Fiscally, protectionism is a poor source of government revenue that dries up completely as tariffs are increased so much that they reduce trade flows to zero. Morally, protectionism is vicious because it coercively substitutes the ill-informed and ill-directed judgment of government officials for the judgment of people making deals with their own private property.””
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“Trump threatened them to gain ill-defined concessions from our friendly, highly developed and peaceful allies to the north. Then, after it was clear Canada had already conceded to whatever it was our president demanded, he suspended them. His supporters claimed tariff critics didn’t understand that this was just a brilliant negotiating tool. But then this month the president imposed them anyway. True to form, MAGA shifted back to arguing that tariffs are great policy in and of themselves.”
https://reason.com/2025/03/14/tariffs-raise-prices-spark-conflicts-and-make-everyone-poorer/
Howard Lutnick Doesn’t Get To Decide What You Buy
“What Lutnick is talking about is central planning, plain and simple. It’s also just silly. How much of America’s aluminum supply should come from Canada if not 60 percent? Is 50 percent the right amount? Is it 17.54 percent? Lutnick doesn’t know—because no one does—because that’s a question without an answer.
Clearly, however, the Trump administration wants the figure to be lower. New 25 percent tariffs on aluminum imports might accomplish that, but at significant cost to American consumers and businesses, whose only offense is buying aluminum from sources located within a country that is a close American ally and the signatory of a trade deal that the current president negotiated just five years ago.”
https://reason.com/2025/03/14/howard-lutnick-doesnt-get-to-decide-what-you-buy/
Is Trump’s Trade War Causing a Recession?
“Any hope of robust economic growth resulting from unleashing energy abundance, deregulating the private sector economy, or pro-growth tax policy may now be doused by the economic fallout of a pointless trade war.
It started as a murmur—a slight downward revision, nothing alarming. But within five days, the Federal Reserve Bank of Atlanta’s GDPNow forecast for the first quarter of 2025 went from mild optimism (2.3 percent growth) to outright recessionary territory (-1.5 percent). By March 3, the number had plunged to -2.8 percent, the kind of contraction that doesn’t just signal weakness but outright economic distress. Eight months of stock market gains were wiped out in less than four weeks.”
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“Global supply chains are rattled, businesses are reluctant to invest in capital, and consumers are cutting back on purchases. Tariffs—pitched as a way to bring jobs back—have instead choked growth. The administration’s bet that protectionism would insulate the economy from foreign competition is proving to be precisely the opposite: a self-inflicted wound.”
https://reason.com/2025/03/17/is-trumps-trade-war-causing-a-recession/
Portugal wobbles on buying F-35s because of Trump
“The country’s air force has recommended buying the jets, but the outgoing defense minister said “the predictability of our allies” must be taken into account when making procurement decisions.”
https://www.politico.eu/article/portugal-rules-out-buying-f-35s-because-of-trump/
Putin is playing Trump (again)
“Putin, meanwhile, has had the measure of his Washington opponents — and on Thursday, he demonstrated he understands Trump’s psychology. Praise the man while deflecting him; pat him on the head — something Ukraine’s passionate President Volodymyr Zelenskyy almost fatally forgot to do in his Oval Office meeting last month, prompting a hasty ejection from the White House.
There was no firm Russian nyet to stoke the U.S. leader’s anger, rather a teacher’s applause for Trump’s idea and effort.
The temporary truce was “correct” and “we support it,” the Russian leader said, but, alas, there were many sticking points. Ukrainian units had nearly been encircled in a salient in Russia’s Kursk region and could be forced to “surrender or die,” he explained. Why should they just be let go? “If we stop hostilities for 30 days, what does that mean? That everyone who is there will go out without a fight?”
During the pause in hostilities, will Ukraine be able to mobilize fresh troops and receive weapons from the West? “How will supervision be organized? These are all serious questions.” He then added: “I think we need to talk to our American colleagues … Maybe have a phone call with President Trump and discuss this with him.”
It was all drawn from the playbook that he and his lugubrious Foreign Minister Sergey Lavrov have used time and again: Obfuscate, delay, muddle, throw in some whataboutism, be sorrowfully unctuous, but make sure to dangle a carrot.”
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““Trump is much more concerned about this deal than about Ukraine,” Bondarev said. “That gives Putin leverage.””
https://www.politico.eu/article/vladimir-putin-is-playing-donald-trump-again-russia-ukraine-war/
Watch MAGA Host COLLAPSE ON AIR as Trump CRASHES MARKETS
Watch MAGA Host COLLAPSE ON AIR as Trump CRASHES MARKETS
https://www.youtube.com/watch?v=_PRbtA8Bumo