Tuesday, February 25, 2025

TRADE WAR (TARIFFS) - ECONOMY

TRADE WAR (TARIFFS) - ECONOMY



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Startup Dubai
The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States, as announced by the White House. This move comes after high-level meetings between top UAE officials and President Donald Trump.

The framework aims to significantly boost UAE investments in key sectors such as AI infrastructure, semiconductors, energy, and American manufacturing.
Under the agreement, UAE's ADQ investment fund, in partnership with Energy Capital Partners, will invest $25 billion in energy infrastructure and data centers.
Additionally, ADNOC's XRG will support U.S. natural gas production and exports with investments in a Texas LNG facility.
#UAEInvestment #USEconomy #AIInfrastructure #EnergyInvestment #Manufacturing
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Wow $1.97 a gallon in Mission Texas right now. I've been seeing a lot of these pictures all over social media but when are they coming over here to Harlingen. Credit to Hannah J Lopez

Why Tariffs Are Good
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By Wayne Allyn Root
My late grandfather is still to this day the wisest man I’ve ever met.
Grandpa had common sense. He came to America from Germany in the early 1900s, without a dime to his name. He worked for 20 years as a butcher. He saved up enough money to start his own butcher store.
He worked 16-hour days, 6 days a week for 40 years in that little butcher store. It became wildly successful. He became upper middle class. He bought stocks. The stocks went up. He prospered. He became a leader in the business community. That little butcher store paid for his two grandchildren (me and my sister) to attend Ivy League college- Columbia University.

One little butcher store with six butcher blocks- that’s all it took to achieve the American Dream.
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Donald J. Trump
@realDonaldTrump
Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, 
I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. 

I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S to quickly do what has to be done to alleviate this abusive threat from Canada. If other egregious, long time Tariffs are not likewise dropped by Canada, 

I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. 

Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection. We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY??? This cannot continue. The only thing that makes sense is for Canada to become our cherished Fifty First State. 

This would make all Tariffs, and everything else, totally disappear. Canadians’ taxes will be very substantially reduced, they will be more secure, militarily and otherwise, than ever before, there would no longer be a Northern Border problem, and the greatest and most powerful nation in the World will be bigger, better and stronger than ever — 

And Canada will be a big part of that. The artificial line of separation drawn many years ago will finally disappear, and we will have the safest and most beautiful Nation anywhere in the World — And your brilliant anthem, “O Canada,” will continue to play, but now representing a GREAT and POWERFUL STATE within the greatest Nation that the World has ever seen!
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#JustIn China issued a stark warning Tuesday night that it stands ready for any "type of war" with the U.S. in the aftermath of tariffs imposed hours earlier by the Trump administration.
The remarks came soon after the administration imposed 25% tariffs on goods from Mexico and Canada, as well as 10% tariffs on imports from China. The fresh round of duties on Chinese goods doubled an initial set of tariffs placed on China last month.
Within minutes of the new U.S. tariffs taking effect, China unveiled its initial response by placing an additional 10% to 15% tariffs on imported U.S. goods, like chicken, wheat, soybeans and beef.
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* Trump announces another 10% increase in tariffs on China for participating in the production of fentanyl
The president claims that chemicals used to produce fentanyl come from China. DETAILS: https://zurl.co/ZnINw

President Donald Trump announced on Thursday that the United States will impose an additional 10% customs tariff on Chinese goods. The president claims that chemicals used to produce fentanyl come from China.

"China will have to pay an additional 10% tariff" on March 4 because "a large percentage" of drugs, "many of them in the form of fentanyl, are manufactured and supplied" in that country, the Republican president said in a message posted on his Truth Social account.

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Unknown Facts
U.S. President Donald Trump has unveiled the "Gold Card" Immigration Program, allowing wealthy investors to buy a fast-track path to U.S. citizenship for $5 million. Announced from the Oval Office, the premium alternative to the Green Card aims to attract high-net-worth individuals while generating billions in government revenue.

The Gold Card replaces the EB-5 Investor Visa, which required a $800,000 to $1.8 million investment and the creation of U.S. jobs. Trump criticized the EB-5 program as outdated, emphasizing the Gold Card will be a more efficient and profitable option.

Trump even suggested selling up to 10 million Gold Cards to reduce the national deficit. Commerce Secretary Howard Lutnick supported the move, calling the EB-5 program "ridiculous."

While details are still emerging, Trump described the Gold Card as a prestigious residency option for wealthy investors and top talents, offering a direct path to U.S. citizenship without the need to create jobs.
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ABC7 - Trump floats selling $5 million 'gold card' as pathway to citizenship
#BREAKINGNEWS: President Donald Trump announced his administration plans to sell a "gold card" -- his version of a green card that will cost $5 million.
The president said the card would be a path to citizenship, but people would not be buying access to citizenship. https://abc7.la/41d3PGN

WASHINGTON (KABC) -- President Donald Trump announced his administration plans to sell a "gold card" - his version of a green card that will cost $5 million.
"We're going to be selling a gold card. You have a green card. This is a gold card. We're going to be putting a price on that card of about $5 million. And that's going to give you green card privileges. Plus, it's going to be a route to citizenship, and wealthy people will be coming into our country by buying this card," Trump said Tuesday in the Oval Office.
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The president threatened tariffs against countries that impose global digital services taxes, which he said are designed to “plunder” American tech companies.
Dive Brief:
    * President Donald Trump on Friday signed a memorandum that paves the way for the U.S. to retaliate against nations that impose global “digital services taxes.”
    * Where such taxes are enacted by a foreign government, the Trump administration will respond with tariffs “to mitigate the harm to the United States and to repair any resulting imbalance,” the president said in his memo.
    * “Beginning in 2019, several trading partners enacted digital services taxes (DSTs) that could cost American companies billions of dollars and that foreign government officials openly admit are designed to plunder American companies,” he said.
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The Office of the United States Trade Representative is inviting public comment on the proposal, which if enacted could increase the cost of all imported goods, including promo products.

President Donald Trump’s administration is considering imposing million-dollar fees on Chinese shipping companies and companies elsewhere that use China-built cargo ships – a move that, if enacted, could send ocean transport costs soaring and potentially drive up prices on a host of imported goods, including promotional products.

The Office of the United States Trade Representative announced the proposal on Feb. 21st and is inviting public comment through March 24th.
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