Trump 2.0 official thread

[siegecrossbow]

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“Yes daddy Trump. Keep thrusting faster and harder!”

 

[RedBaron]

Trump folded like a cheap suit.

President Donald Trump and his fans are framing his agreement with Mexican President Claudia Sheibaum to back away from tariffs as some huge strongman victory. They are sorely mistaken.

At midnight Monday, Trump placed 25 percent tariffs on goods from Canada and Mexico over claims the countries aren’t doing enough to stop “drug smuggling” and undocumented immigrants from crossing the border. Canada and Mexico were prepared to retaliate with its own retaliatory tariffs, but before that could happen, Trump and Sheinbaum announced they had come to an agreement: His tariffs on Mexico are delayed for a month, and she sends 10,000 Mexican soldiers to the border.

The MAGAsphere immediately rejoiced. “2 weeks in:Mexico caved, Panama caved, Colombia caved,Venezuela caved…” right-wing X account End Wokeness wrote.

“At this rate of achievement, not only should President Donald Trump be on Mount Rushmore, I want to personally work the chisel!” fawned Elon Musk, quoting the End Wokeness post.

There are multiple issues with this facade that the Trump administration is putting on.

Firstly, the number of Mexican soldiers Sheinbaum is sending to the border is routine. Mexico sent 15,000 troops to the border in 2019, and sent 10,000 again in 2021.

“By the way, Mexico has sent its national guard to the border before, and it did jack shit to reduce fentanyl flows because the vast majority of fentanyl comes in via US CITIZENS GOING THROUGH LEGAL PORTS OF ENTRY,” wrote housing advocate Armand Domalewski.

The economic timing of this “deal” also feels way too convenient. After Trump announced massive tariffs against some of our biggest trading partners, the U.S. stock market plummeted. Now, Trump is walking back those tariffs while Mexico just sends their usual soldiers to the border.

“The Dow opened almost 1000 points down and Trump already caved on Mexico tariffs,” one popular X user wrote.

“Ooof! Mexico, Canada and Wall Street call Trump’s Tariff bluff. NOW he wants to talk to Canada, delay tariffs on Mexico for a month and Wall Street is telling him real time his tariffs are ‘dumb,’” former RNC Chair Michael Steele wrote. “Ahh, the price of eggs, cars, avocados…”

The last part of the facade is the one Trump conveniently left out of his victory post: the guns. Sheinbaum wrote after speaking with Trump that “the United States is committed to working to prevent the trafficking of high-powered weapons to Mexico” as part of the tariff deal. It seems that Trump left this fairly important detail out of his own verbose post to keep up the strongman appearances.

So Mexico is sending extra troops to the border, as it regularly has in the past, and Trump agreed to shoulder a heavier burden in stopping the flow of American semi-automatic weapons into Mexico. How exactly did Mexico fold to Trump here?

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____________________________________________

A confrontation is brewing between Trump and Saudi Arabia over oil prices, The Wall Street Journal reports, citing sources.

Trump’s team has already realized that significantly increasing U.S. oil production to lower global prices is not feasible.

"According to oil company executives, another American oil boom is not expected anytime soon, regardless of how many regulations are lifted. After many producers drilled themselves into bankruptcy during the peak of the shale boom, the industry is now focused on cutting costs and returning money to investors," WSJ writes.

As a result, Trump has decided to persuade Saudi Arabia and other OPEC countries to flood the market with more oil. However, Saudi Arabia has already stated that it has no intention of doing so.

Trump's team aims to lower oil prices to $45 per barrel (currently at $73, compared to over $94 in 2022). But such a drop could be "catastrophic" for American shale producers and Saudi Arabia—"Trump’s two most influential allies in the global oil market."

Dozens of shale drillers went bankrupt in 2020 when prices collapsed due to COVID. Meanwhile, Saudi Arabia would struggle to balance its budget at such price levels.

Notably, so far, Trump has only managed to raise oil prices by introducing tariffs.

@DDGeopolitics

 

[RedBaron]

[deleted]

 

[FriedButter]

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Trump signs order creating first-ever US sovereign wealth fund —and TikTok could be its first purchase​

WASHINGTON — President Trump signed an executive order Monday to create a sovereign US wealth fund — saying that TikTok may become one of its first acquisitions.

The world’s largest and wealthiest sovereign funds are owned by China and resource-rich countries like Norway and Middle Eastern sultanates and it was not immediately clear how the US endowment would be capitalized.

“It’s a very exciting event. We’re going to have a sovereign wealth fund, which we’ve never had,” Trump said in the Oval Office as he signed the document, making good on a campaign promise to do so.

“Other countries have sovereign wealth funds, and they’re much smaller countries, and they’re not the United States,” Trump said.

“As an example, TikTok, we’re going to be doing something perhaps … and we might put that in the sovereign wealth fund, whatever we make, or if we do a partnership with very wealthy people — a lot of options, but we could put that as an example in the fund. We have a lot of other things that we can put in the fund.”

Chinese divestment from TikTok, which has about 170 million US users, is a

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that Trump announced Friday — with the president presenting the levy as a way to stop fentanyl exports that killed at least 281,000 Americans over the past four years.

Trump predicted that “in a short period of time, we’ll have one of the biggest funds … The Saudi Arabia fund is on the large side, but eventually we’ll catch it. But we’re going to create a lot of wealth for the fund.”

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, who are leading the effort, gave brief remarks on the plan.

We’re going to stand this thing up in the next 12 months. We are going to monetize the asset side of the US balance sheet for the American people. We are going to put the assets to work,” Bessent said.

“And I think it’s going to be very exciting. We’ve studied best practices that’s done around the world. It will be a combination of liquid assets, assets that we have in this country as we work, work to bring them out for the American people.”

Lutnick added that “the extraordinary size and scale of the US government, and the business it does with companies should create value for American citizens.”

“If we are going to buy 2 billion COVID vaccines,” Lutnick said by way of example, “maybe we should have some warrants and some equity in these companies and have that grow for the health of the American people.”

The world’s largest sovereign wealth fund is Norway’s $1.7 trillion Government Pension Global Fund, which reported a $222.4 billion profit last year off funds reinvested from North Sea petroleum proceeds.

lso topping $1 trillion in assets are wealth funds owned by the governments of China, Hong Kong, Abu Dhabi and Kuwait.

Funds owned by Saudi Arabia and Singapore also are near the top of the list.

Trump had said during the campaign at the Economic Club of New York that the money would be brought in through tariffs and “other intelligent things.”

The fund will be used to invest in highways, airports, manufacturing hubs, medical research and more, he said at the time.

Trump announcing intentions to nationalizes the global operations of TikTok directly operated by the US government.

Remember what Marco Rubio said.

"Every dollar we spend will be aligned with the national interest of the United States.”

If you think the China hawks are fully embracing multipolarity with their demands of dollar hegemony then I got a plot of land with tons of minerals to sell you in the andromeda galaxy.

 

[RedBaron]

Trump had said during the campaign at the Economic Club of New York that the money would be brought in through tariffs and “other intelligent things.”

Splendid plan indeed.

 

[BoraTas]

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Trump announcing intentions to nationalizes the global operations of TikTok directly operated by the US government.

Remember what Marco Rubio said.


If you think the China hawks are fully embracing multipolarity with their demands of dollar hegemony then I got a plot of land with tons of minerals to sell you in the andromeda galaxy.

They are after founding their own source of funding within the state. Trump is currently doing exactly what I hoped he would do. He is dismantling massive portions of the US Federal Govt to satisfy his need for vengeance.