Tariffs Archives - LN24 https://ln24international.com/tag/tariffs/ A 24 hour news channel Mon, 27 Oct 2025 07:31:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png Tariffs Archives - LN24 https://ln24international.com/tag/tariffs/ 32 32 U.S. and China Reach Framework for Trade Deal Ahead of Xi-Trump Meeting https://ln24international.com/2025/10/27/u-s-and-china-reach-framework-for-trade-deal-ahead-of-xi-trump-meeting/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-and-china-reach-framework-for-trade-deal-ahead-of-xi-trump-meeting https://ln24international.com/2025/10/27/u-s-and-china-reach-framework-for-trade-deal-ahead-of-xi-trump-meeting/#respond Mon, 27 Oct 2025 07:31:55 +0000 https://ln24international.com/?p=28400 Senior U.S. and Chinese economic officials have agreed on the framework of a potential trade deal, setting the stage for a high profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week. The agreement aims to pause new tariffs and ease export restrictions as both nations seek to stabilize their strained economic relationship.

The breakthrough came during talks on the sidelines of the ASEAN Summit in Kuala Lumpur, where negotiators reached a provisional understanding to halt escalating trade measures that have unsettled global markets.

Tariffs and Rare Earth Controls Temporarily Suspended

According to U.S. Treasury Secretary Scott Bessent, the framework agreement will prevent the planned 100% tariffs on Chinese imports from taking effect on November 1. In exchange, Beijing is expected to delay implementation of its new licensing regime on rare earth minerals and magnets key materials used in high tech and defense industries for at least one year while the policy is reviewed.

“China is ready to make a deal,” Bessent said, calling the progress “a positive step toward restoring balance and predictability to global trade.”

If finalized, the deal would represent the most significant thaw in U.S.-China trade relations since tensions escalated earlier this year over technology access, investment restrictions, and export controls.

Background: A Longstanding Trade Rivalry

The United States and China have been locked in a protracted trade dispute over market access, intellectual property rights, and strategic technology. Successive rounds of tariffs since 2018 have disrupted supply chains and weighed heavily on both economies.

Washington has accused Beijing of unfair trade practices, while China has criticized U.S. tariffs as protectionist. Despite several rounds of negotiations and temporary truces, lasting progress has proven elusive making the current breakthrough particularly significant.

Global Implications

A formal agreement between the world’s two largest economies could ease pressure on global manufacturing and commodity markets, especially as supply chains continue to recover from pandemic era disruptions. Analysts say a temporary pause in tariff escalation may also boost investor confidence across Asia ahead of the holiday trading season.

Both Trump and Xi are scheduled to meet later this week to finalize the terms of the deal, which could define the next phase of bilateral economic engagement between Washington and Beijing.

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Trump Says All Trade Talks With Canada Are Terminated https://ln24international.com/2025/10/24/trump-says-all-trade-talks-with-canada-are-terminated/?utm_source=rss&utm_medium=rss&utm_campaign=trump-says-all-trade-talks-with-canada-are-terminated https://ln24international.com/2025/10/24/trump-says-all-trade-talks-with-canada-are-terminated/#respond Fri, 24 Oct 2025 07:40:11 +0000 https://ln24international.com/?p=28350 U.S. President Donald Trump announced on Wednesday that all trade negotiations with Canada have been terminated, abruptly halting weeks of discussions aimed at reaching an agreement on the steel and aluminum sectors.

The two countries had been in talks to resolve longstanding trade disputes and explore potential tariff adjustments, but no breakthrough had been achieved. Trump did not elaborate on the reasons behind the decision to end the talks, but his statement signals a sharp setback in North American trade relations.

Canadian officials have not yet issued an official response, though sources in Ottawa said they remain open to dialogue and hope to clarify Washington’s position in the coming days.

The move comes amid broader efforts by the Trump administration to renegotiate or reassess key trade partnerships and domestic manufacturing priorities. Economists warn that the termination of talks could impact cross border industries, particularly automotive and construction sectors that rely heavily on steel and aluminum imports.

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US Urges G7 to Hit China and India With Tariffs Over Russian Oil Purchases https://ln24international.com/2025/09/13/us-urges-g7-to-hit-china-and-india-with-tariffs-over-russian-oil-purchases/?utm_source=rss&utm_medium=rss&utm_campaign=us-urges-g7-to-hit-china-and-india-with-tariffs-over-russian-oil-purchases https://ln24international.com/2025/09/13/us-urges-g7-to-hit-china-and-india-with-tariffs-over-russian-oil-purchases/#respond Sat, 13 Sep 2025 07:01:38 +0000 https://ln24international.com/?p=27397 The United States is pushing its G7 allies to impose sweeping new tariffs on China and India, accusing both countries of helping to sustain Russia’s war effort by continuing to import large volumes of discounted Russian crude oil. According to a U.S. policy document Washington is urging the G7 to introduce secondary tariffs ranging from 50 to 100 percent on countries that have been, in Washington’s view, enabling the Kremlin to evade the full impact of Western sanctions.

The proposal was reportedly discussed during a video call among finance ministers of the G7 on Friday, as President Donald Trump steps up efforts to secure a negotiated peace deal in Ukraine. The U.S. position paper, circulated ahead of the call, argues that Beijing and New Delhi have profited from their continued oil trade with Moscow, calling them “enablers and profiteers” who are helping to prolong the war. Trump’s administration is urging not only the European Union but now the entire G7 to take coordinated action against both Asian powers.

This marks a significant shift in Washington’s approach. While earlier measures focused on capping the price of Russian oil to curb Moscow’s revenues, the latest proposal introduces a far more confrontational economic strategy that could spark friction with two of the world’s largest economies. The paper calls for tariffs to be applied swiftly and uniformly, portraying them as necessary leverage to force Russia into serious peace negotiations. The administration views this economic pressure as a more effective tool than military escalation or continued arms support.

India and China have become the largest buyers of Russian crude since the start of the full scale invasion of Ukraine in 2022, with both countries defending their actions as legal and economically necessary. India has repeatedly stated that it is purchasing oil through open market mechanisms and not violating any sanctions frameworks. China, while officially calling for peace and diplomatic dialogue, has consistently refused to condemn Russia’s aggression or restrict its trade ties.

If implemented, the tariffs would represent a major escalation in the West’s efforts to isolate Russia economically. However, the proposal could also risk significant diplomatic fallout. India and China are both members of the BRICS group and have positioned themselves as champions of a “multipolar” global order resistant to Western pressure. Any punitive measures from the G7 are likely to be met with sharp pushback, potentially triggering retaliatory tariffs or a broader deterioration in global trade relations.

Within the G7, it remains unclear whether all member states will back the U.S. approach. Some European countries, particularly Germany and France, may be reluctant to provoke a trade war with India and China, especially as they face economic headwinds at home. Japan, another G7 member with strong economic ties to India and a delicate relationship with China, may also hesitate to adopt such sweeping measures. The challenge for Washington will be to build consensus within the group, something that has become increasingly difficult in the current geopolitical climate.

President Trump, who has taken a more transactional and pressure driven approach to foreign policy, sees economic leverage as the best path toward ending the war. In recent weeks, he has intensified his calls for a comprehensive settlement, even as many in Kyiv and European capitals remain wary of any deal that could reward Russian aggression or lead to Ukrainian territorial concessions.

The tariff proposal comes ahead of the United Nations General Assembly, where Ukraine’s future is expected to be a central topic. With global opinion fractured and traditional alliances under stress, Washington’s latest move signals its willingness to reshape the rules of international economic engagement even at the risk of global economic disruption.

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Mexico to Impose 50% Tariff on Chinese Cars After U.S. Pressure https://ln24international.com/2025/09/12/mexico-to-impose-50-tariff-on-chinese-cars-after-u-s-pressure/?utm_source=rss&utm_medium=rss&utm_campaign=mexico-to-impose-50-tariff-on-chinese-cars-after-u-s-pressure https://ln24international.com/2025/09/12/mexico-to-impose-50-tariff-on-chinese-cars-after-u-s-pressure/#respond Fri, 12 Sep 2025 09:39:07 +0000 https://ln24international.com/?p=27380 The Mexican government has announced that it will raise tariffs on cars imported from China to 50%, as part of a sweeping trade measure intended to protect local industries and respond to concerns raised by the United States.

The Economy Ministry said the tariff increases which also affect steel, textiles, and electronics will apply to $52 billion worth of goods and represent a major realignment of Mexico’s trade strategy.

“This measure is aimed at protecting Mexican jobs and strengthening national industry,” the ministry stated in a press release Tuesday.

China Reacts: “Firm Opposition to Coercion”

China’s Foreign Ministry issued a sharp response, warning against political interference in global trade.

“China firmly opposes being coerced by others,” said a ministry spokesperson. “China and Mexico are important members of the Global South. Our economic cooperation has always been win-win in nature.”

Beijing urged Mexico to avoid actions that could damage bilateral relations or undermine global trade recovery.

 What’s Affected?

The revised tariffs will hit a range of Asian-made goods, not just Chinese vehicles:

  • Cars & EVs (Chinese brands like BYD and Geely) – Tariffs rise to 50%

  • Steel & aluminum – Tariffs up to 35%

  • Textiles, electronics & machinery – Various increases from 15% to 40%

These changes will reshape the competitive landscape for both Mexican consumers and domestic manufacturers, many of whom have complained of unfair pricing from state-subsidized Chinese competitors.

Global Trade Realignment

This development marks a key moment in the growing trade realignment within the Western hemisphere, as countries balance relations between the U.S. and China.

Mexico, while seeking to remain a neutral bridge between North and South, now finds itself more closely aligned with Washington’s trade agenda amid the strategic battle over EV dominance, supply chains, and technological influence.

What’s Next?

  • The new tariff structure is expected to take effect in Q4 of 2025

  • Trade talks between Mexico, the U.S., and China may intensify behind closed doors

  • China may pursue WTO consultations or retaliatory tariffs if tensions escalate

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President Trump Extends U.S.–China Tariff Truce for 90 More Days https://ln24international.com/2025/08/12/president-trump-extends-u-s-china-tariff-truce-for-90-more-days/?utm_source=rss&utm_medium=rss&utm_campaign=president-trump-extends-u-s-china-tariff-truce-for-90-more-days https://ln24international.com/2025/08/12/president-trump-extends-u-s-china-tariff-truce-for-90-more-days/#respond Tue, 12 Aug 2025 08:20:58 +0000 https://ln24international.com/?p=26519 U.S. President Donald Trump has announced a 90-day extension of the tariff truce with China, pushing the deadline to November 10, in an effort to ease tensions and allow space for renewed trade negotiations between the world’s two largest economies.

The move comes amid growing concern over the escalating U.S.–China trade dispute, which recently saw both countries impose tariffs of over 100% on each other’s goods sparking fears of economic disruption in global markets.

“This is a necessary step to keep the door open for meaningful progress,” a senior administration official said.

The decision to extend the truce was widely expected after weeks of back-channel diplomacy and statements by both sides indicating a desire to prevent further economic strain. By delaying the next round of tariff hikes, Washington aims to give negotiators additional time to work toward a comprehensive agreement addressing long-standing issues such as intellectual property, market access, and technology transfer.

While no formal deal has been reached, the extension signals cautious optimism and reflects a mutual interest in avoiding further escalation.

Conclusion:

The new deadline of November 10 sets a tight window for trade negotiators to make headway. Whether this reprieve leads to lasting resolution or simply delays further conflict remains to be seen, but for now, global markets may breathe a temporary sigh of relief.

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Moderna’s mRNA COVID Shot Gets Full FDA Approval for “At-Risk” Infants https://ln24international.com/2025/07/14/modernas-mrna-covid-shot-gets-full-fda-approval-for-at-risk-infants/?utm_source=rss&utm_medium=rss&utm_campaign=modernas-mrna-covid-shot-gets-full-fda-approval-for-at-risk-infants https://ln24international.com/2025/07/14/modernas-mrna-covid-shot-gets-full-fda-approval-for-at-risk-infants/#respond Mon, 14 Jul 2025 09:27:20 +0000 https://ln24international.com/?p=25848 Moderna’s mRNA COVID Shot Gets Full FDA Approval for “At-Risk” Infant

The medical industrial complex and scientistic cult evidently keep using the most vulnerable members of society (especially children) as a sacrifice in the pursuit of their efforts. But, with all that we know about the medical industrial complex, this is not news to anyone. In fact, what is expected is that there be progressive institutional reform in the status quo – especially in the second Trump administration – that directly challenges these issues. However, what is being exposed is just how deeply entrenched regulatory bodies are in their collusion with the medical industrial complex – especially pharmaceutical companies. But, today, we ought to discuss this further in light of Moderna’s mRNA COVID Shot getting Full FDA Approval for said to be “At-Risk” Infants.

U.S PRESIDENT DONALD TRUMP THREATENS 35% TARIFFS ON CANADA STARTING AUG. 1

U.S President Donald Trump has threatened a 35% tariff on goods imported from Canada. [ROLL CLIP00:11-] Trump’s announcement of higher tariffs on Canada comes amid a flurry of letters the U.S President has sent to world leaders over the past week informing them what rates their goods will be tariffed at come August 1, absent any trade deals.

BRAZIL VOWS RETALIATORY TARIFFS AGAINST US IF TRUMP FOLLOWS THROUGH ON 50% IMPORT TAXES

In a related matter, Brazilian President Luiz Inácio Lula da Silva has said that he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country’s criminal trial against his predecessor, Jair Bolsonaro. Lula said he will trigger Brazil’s reciprocity law approved by Congress earlier this year if negotiations with the U.S. fail.

NETANYAHU SAYS HOPING HOSTAGE DEAL WILL BE FINALIZED ‘IN A FEW DAYS’

On the last day of his 4-day trip to the US, Benjamin Netanyahu released a brief clip detailing his discussions with US President Donald Trump as well as Israel’s plans for Gaza amid ceasefire talks. Netanyahu emphasised Israel’s previous goals in Gaza including the removal of Hamas, demilitarisation of Gaza.

UK, FRANCE ANNOUNCE AGREEMENT ON PILOT MIGRANT RETURNS PROGRAM

British Prime Minister Keir Starmer and French President Emmanuel Macron have reached an agreement on a pilot programme to return migrants and refugees arriving in small boats, in a scheme to curb crossings over the English Channel. In a joint press conference on Thursday, Starmer said people arriving in the United Kingdom on small boats will “be detained and returned to France in short order”.

MODERNA’S mRNA COVID SHOT GETS FULL FDA APPROVAL FOR “AT-RISK” INFANTS

On July 10, 2025, the FDA granted full approval for Moderna’s mRNA COVID-19 vaccine (Spikevax) in “at-risk” children aged 6 months to 11 years. The shot was previously available only under emergency use authorization. This approval comes despite a mountain of evidence linking the shots to catastrophic harms, some of which include heart damage, brain damage, cancer, and mass death. Once again, this decision is quite concerning as it shows that regulatory agencies remain captured by the Bio-Pharmaceutical Complex. And so, one has to ask: How many more children must be sacrificed before accountability begins?

THIS MOVE COMPOUNDS THE LACK OF TRUST TOWARDS THE FDA

Now, this move certainly compounds the lack of trust towards the FDA, and necessarily so when you consider who influences the policy direction of the FDA. The general points of historical context to note regarding the FDA is that it was established in 1906 in response to public concern over unsafe food and drugs, such as spoiled food and counterfeit products. However, food industry lobbyists gradually gained influence, leading to the removal of the agency’s original leader. As a result, numerous harmful food additives were granted “generally recognised as safe” (GRAS) status and continue to be used today.

Then, in 1962, the FDA was given broad powers to oversee drug safety following the thalidomide incident. Unfortunately, the new regulations created strict standards for drug efficacy that were often selectively enforced, benefiting the pharmaceutical industry. Unfortunately, the FDA then increasingly targeted natural therapies, which led to many being erased from history – all of which is incredibly important to remember in light of our subsequent discussion on the propaganda against salt. Nevertheless, this historical context is why – despite the numerous attempts to reform the agency – issues of inefficiency and bias within the FDA persist. [PAUSE]

Now, evidence of the lobbyist factor in the FDA’s work, can be inferred in the agency’s work in food regulation. For instance, in the late 1800s, food producers were selling adulterated products, and pharmaceutical companies peddled medicines with secret ingredients like opium and alcohol. Public outrage grew, especially after exposés like Upton Sinclair’s ‘The Jungle’, which helped spark the 1906 Pure Food and Drug Act. This law gave the Bureau of Chemistry the power to ensure accurate labeling and prevent harmful additives in food.

Well, the director of the Bureau of Chemistry (and thus the first head of the FDA), Harvey Wiley conducted tests on food additives, proving they made healthy volunteers sick. While the public and many scientists supported his findings, the food industry fought back with powerful lobbyists and legal tactics. Well, Wiley’s book “The History of A Crime Against The Food Law” went on to detail much of the same abhorrent industry tactics we see happening now. But, this is all to detail the contextual background behind the FDA’s propensity to be influenced by lobbyists from the industries it is supposed to regulate – which is the first aspect of the FDA’s problem with corruption.

THE FDA’S DECEPTIVE AND HARMFUL “GENERALLY RECOGNISED AS SAFE” STATUS

Let’s then proceed to discuss the FDA’s “Generally Recognised as Safe” status. Many food additives are “generally recognised as safe” (or GRAS), and what this actually means is that they are widely used but WITHOUT REGULATION! Well, GRAS food products presented two fundamental issues: food industry counterfeiting and harmful additives. More specifically, the industry often fakes products to cut costs; for instance honey is often faked by adding cheap syrups or other ingredients to mimic its appearance and taste; while polluted waters are also added to enlarge oysters.

Now, despite evidence of harm, the food industry claimed these additives were essential for production, even though competitors showed higher-quality (and ultimately more profitable) products could be made without them. However, there were warnings that chronic exposure to additives could cause long-term health issues, such as organ damage; and these warnings were ignored – especially as the influence of industry lobbyists grew – which is why these harmful additives and faked foods were eventually reclassified as “generally recognized as safe.” But of course, these so-called “safe” additives have contributed to widespread chronic illness in society. Here’s more on the FDA’s GRAS status.

Furthermore, companies currently self-certify their chemicals without independent oversight; which has resulted in ingredients like titanium dioxide – which is banned in Europe and other developed nations still being legal in the US despite mounting health concerns. Through GRAS, FDA has for the longest time applied an “innocent until proven guilty” approach to food! Which is a categorically dangerous approach; ingredients should not have to harm or kill people first before they are deemed unsafe!

PETER MARKS AND THE FDA’S COVER-UP OF THE HARMS OF COVID JABS

Let’s also look at vaccine cover-ups, as being part of the reasons behind the compounding lack of trust towards the FDA. Many have been horrified to learn that the FDA and CDC systematically ignored every possible sign the COVID vaccines were dangerous as they pushed it on more and more people. One of the ways people were made aware of this was through the recently leaked recordings showing how stubbornly the head of FDA’s vaccine division, being Peter Marks at the time, refused to acknowledge any of the evidence brought forward by a group of permanently injured vaccine recipients, and even medical practitioners who were treating vaccine injured patients.

Here’s why this is important to note: generally, in looking through what transpired with the COVID-19 response, Anthony Fauci is commonly blamed for all that went amiss – and correctly so. However, we must not also miss the people who were also directly involved, while hidden within the FDA bureaucracy. One such person is Peter Marks. Peter Marks is the primary person who covered up the reports of COVID vaccine injuries (and instead repeatedly told the world they were (quote unquote) “safe and effective”). He was also the person who kept on pushing the FDA’s chief vaccine scientists (who were very pro-vaccine) to accelerate and condense the approval timelines for the COVID jabs (as those approvals were needed to legally implement Biden’s vaccine and booster mandates). The parties involved in this process, which included, Marion Gruber and Philip Krause (who were the Director and Deputy Director of the FDA’s Office of Vaccines Research and Review, respectively); they reported that there were (at that point) no more corners they could cut to further accelerate the COVID vaccine approvals, at which point they were removed from the COVID vaccine approval process and Peter Marks took it over (at which point the unjustifiable approvals and mandates quickly followed).

THE PROBLEMS WITH THE FDA ARE FURTHER ENABLES BY STANDARDS IN MEDICINE

So, while the FDA is central to focus on as far as recent developments are concerned, it’s important also to note that the problems with the FDA are FURTHER enabled by standards in medicine. And I say that because it occurred to me that even if we have bad regulators who approve bad medicine, if we had good doctors and medical standards, then the harms could easily be averted or mitigated. But if the medical standard is overmedication and trusting “the science”, while doctors function as pharmaceutical representatives, then of course the problems are worse.

Let’s look at medical education. No matter how you dice it, medical education is quite challenging as there is simply too much to learn, and so even the “brightest” students adopt a triage mentality where they cut out things that NOTt necessary (or low-yield) (specifically) for exams so they can pass and get a degree. And because of this medical education typically presents 3 issues as far as medical standards are concerned.

First, the present standard of medical education covers many aspects in a superficial manner (e.g., med students just learn the classic indications, simple mechanisms of action and commonly recognized side effects of drugs). Now, this is quite problematic as many of those simplistic facts students memorize aren’t always entirely correct (or become evidently contradictory once you take the time to understand them). However, since students are under such pressure to memorize them, they take the facts as verbatim facts they don’t question and become quite haughty towards those who do.

Second, there has been a strong focus in medicine on the key medical products on the market (e.g., doctors focus on how to use pharmaceutical drugs along with the key microbes and their pharmaceutical treatments, understanding what aspects of the body each speciality is responsible for, how to interpret imaging studies, and even how to understand surgery well enough to want to go into it or refer patients to it). Similarly, there is also a strong focus on just the basic skills necessary for being a doctor (this includes being able to recognize potentially life-threatening conditions, conducting a physical exam with enough details to complete a medical note and writing billable medical notes). That said, there is also (thankfully) a strong focus on anatomy and physiology, which along with recognising key diseases and medical emergencies, represent some of the most valuable aspects of conventional medical training.

Then the third issue presented as far as medical standards are concerned has to do with how medical training cuts out a lot of the subtle aspects of medical science and doctoring that make you an effective clinician (and this includes things like medical ethics). And because of this, there is always a subset of medical students who have that inherent capacity and excel at being clinicians but very few learn it through their training. Put differently, standard medical training does NOT really cover what is needed to make people healthy as there is never enough time for that and again and again, we hear stories of medical educators who try to incorporate it but get pushed to the side due to limited curriculum time.

So, in a world where medical standards prioritise pharmaceutical interventions, and medical education and training focuses purely on passing exams as opposed to being more concerned with aspects of medical science that make a med student an effective clinician, well then of course the FDA’s corruption will have crippling impact, because doctors themselves are trained to push what the FDA has approved.

Well, no wonder the medical industrial complex is so-multilayered. There are clearly various actors involved. But, this also gives broader context behind why doctors become progressively less focused at making their patients better, while becoming product pushers for the pharmaceutical industry. Take this testimony from a pharmaceutical representative of 32 years. She exposes the corrupt relationship between big pharma and doctors, primarily based on greed because it was about organising expensive gifts and experiences for doctors in exchange for their product loyalty.

WORST OF ALL IS THAT PATIENTS ARE DISADVANTAGED BY THE MEDICAL SYSTEMS

I’ve had discussions with medical students and practitioners on the necessity of strict standards to enter medicine because it is one of those fields where there is no room for error. ANd I think many people still have that same perception of the medical field: which is that it brings in the best and trains them rigorously so they are less susceptible to making mistakes that can be the difference between life and death for some. BUT… while there absolutely are exceptions who are incredible doctors, it is also clear that the medical system is not as fool, corruption, and greed-proof as we thought. And worse of all is that there are many people who have not broken free from this presumption of excellence and efficacy in the medical field, and pay with their lives. And yet, the issues in medicine are quite nuanced because it is NOT just the FDA that has been financially bought out – it is almost everyone, down to the medical schools that teach the doctors that are supposed to practise evidence based and holistic medicine. In fact, the verdict from good doctors is that there is almost no such thing as evidence-based medicine anymore, in a world where big pharma has gained influence over regulators and academia.

Written By Lindokuhle Mabaso

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China Confirms High-Level Tariff Talks With U.S. in Switzerland https://ln24international.com/2025/05/08/china-confirms-high-level-tariff-talks-with-u-s-in-switzerland/?utm_source=rss&utm_medium=rss&utm_campaign=china-confirms-high-level-tariff-talks-with-u-s-in-switzerland https://ln24international.com/2025/05/08/china-confirms-high-level-tariff-talks-with-u-s-in-switzerland/#respond Thu, 08 May 2025 09:03:46 +0000 https://ln24international.com/?p=24139 China has officially confirmed that Vice Premier He Lifeng will travel to Switzerland for a new round of high-level tariff discussions with senior U.S. officials, signaling a cautious diplomatic engagement amid rising trade tensions.

The talks, requested by Washington, aim to address escalating tariff measures and growing friction between the world’s two largest economies. The Chinese Foreign Ministry announced the visit during a press briefing, underscoring Beijing’s willingness to engage in dialogue while standing firm against what it calls “unilateral pressure.”

“China firmly opposes U.S. tariff hikes,” said Foreign Ministry Spokesperson Lin Jian. “Our position remains unchanged. China’s economy remains resilient, and we are open to dialogue based on mutual respect.”

The announcement comes as the U.S. prepares to implement further tariff increases targeting key Chinese exports, including electric vehicles and semiconductor components. The Biden administration has argued that tariffs are necessary to counter unfair trade practices and protect U.S. industries, while Beijing views them as politically motivated and damaging to global supply chains.

Lin also dismissed suggestions from U.S. officials that Beijing is feeling economic strain from American tariffs, asserting that “China’s economic fundamentals remain strong” despite external pressures.

The Switzerland talks mark the first formal tariff-related engagement between the two nations this year and are seen as a potential step toward stabilizing strained bilateral economic ties. Analysts say that while major breakthroughs are unlikely in the short term, ongoing dialogue may help prevent further escalation.

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Tariffs, a Blow to Globalism https://ln24international.com/2025/04/14/tariffs-a-blow-to-globalism/?utm_source=rss&utm_medium=rss&utm_campaign=tariffs-a-blow-to-globalism https://ln24international.com/2025/04/14/tariffs-a-blow-to-globalism/#respond Mon, 14 Apr 2025 09:14:17 +0000 https://ln24international.com/?p=23306 The Dow Jones Index plummeted by approximately 4000 points last week, sparking widespread global panic, following President Donald Trump’s “Liberation Day” announcements. Social media platforms were flooded with anxious comments from individuals on both sides of the political spectrum, with leftists expressing both panic and excitement, as they believe a market crash will garner public support for their cause. The thing is, the market, which has been overdue for a correction, is finally facing reality, and it’s about time – this necessary adjustment should have occurred years ago. Critics of Trump’s tariff policies are misinformed, as they mistakenly believe the stock market and globalism are crucial, when in fact, they are not. The implementation of tariffs and the demise of globalism are inevitable and necessary outcomes.

Federal Reserve and previous administrations destroyed the US Economy

On social media, critics from both sides are claiming that Trump is inadvertently destroying the US economy as an act of revenge against foreign trading partners, who are taking advantage of the US. However, it is impossible for Trump to destroy an economy that was already in shambles due to the actions of the Federal Reserve and previous administrations over the past two decades. The economy was in a dire state when Biden left office, and the only change now is that stocks are no longer being artificially propped up.

Since the 2008 crash, the central bank has consistently intervened to prevent a natural market correction, printing tens of trillions of dollars in fiat currency and injecting it into banks and international corporations, thereby temporarily delaying the inevitable. This manipulation has been the norm, and it’s time for a change. The current market turmoil is a direct result of the market’s attempt to correct itself, and it’s essential to let it run its course, rather than relying on artificial interventions. The end of globalism and the implementation of tariffs are not only necessary but also long overdue, and they will ultimately lead to a more stable and secure economic future.

Furthermore, the notion that Trump is destroying the economy is a misconception, as the economy was already on a downward spiral. The current administration’s policies are merely exposing the underlying issues that were previously masked by artificial market manipulation. It’s time to face the reality of the situation and acknowledge that the stock market and globalism are not the pillars of a strong economy. The focus should be on creating a stable and secure economic foundation, rather than relying on fleeting market trends and artificial interventions. The current market turmoil is a wake-up call, and it’s time to take a closer look at the underlying issues that have been plaguing the economy for decades. The implementation of tariffs and the demise of globalism are not the causes of the economic downturn, but rather a necessary step towards creating a more stable and secure economic future. It’s time to let the market correct itself and focus on building a strong economic foundation, rather than relying on artificial manipulations and fleeting market trends.

Stocks are not a reliable indicator of economic health

The Dow Jones has experienced an unprecedented surge of over 15,000 points in less than four years since the initial COVID-19 crash in 2020, primarily driven by stimulus programs and inflation triggered by the Federal Reserve. These gains are directly linked to the Fed’s actions, which have been funnelling money into the stock market through the Yen carry trade and stock buybacks, among other channels. As a result, the stock market has been artificially inflated, creating a condition of perpetual gains. However, this bubble is now on the verge of bursting, as the economy is grappling with stagflation, which is slowly devastating America. The fact that the stock market cannot sustain itself without a constant influx of fiat money raises questions about its legitimacy. To restore some semblance of reality to the market, the Dow Jones would need to plummet by at least another 10,000 points, and even that might be a generous estimate. Some degree of deflation is necessary to make the market more affordable and genuine. An economy built on inflation, illusion, and willful ignorance is a ticking time bomb waiting to unleash its fury.

Stocks are not a reliable indicator of economic health, and history has shown that they often lag behind, signalling problems that should have been addressed long ago. In almost every major stock market crash, including the infamous 1929 crash, there were clear warning signs that the economy was in decline, but these signals were ignored. If investors have been waiting for a crash to sound the alarm on the nation’s financial health, they have been oblivious to the obvious. Stocks are, in fact, a trailing indicator of deeper issues that should have been noticed and addressed long ago.

The Fed created a false sense of security in the stock market

The majority of Americans do not have a vested interest in the stock market, as the wealthiest 10% of the population owns a staggering 93% of all stocks. Only 21% of American families hold shares directly, while another 40% have indirect holdings through retirement programs, but these are relatively insignificant. The average person does not have a stake in the stock market, and therefore, does not care about its fluctuations. The notion that stock indexes are a reliable indicator of economic stability is a misconception. The people who are most invested in the stock market, including global corporations and banks, are the ones who benefit most from government and central bank interference. Those who are sounding the alarm about tariffs and the market are often individuals with large investments or a political agenda. The argument that everyone should care about stocks because company valuations affect employment is flawed, as it assumes that companies would not have laid off employees anyway. Both deflation and inflation can lead to job losses, as evident from recent years. Artificially inflated stocks are not a safeguard against mass layoffs.

The Federal Reserve’s actions have created a false sense of security in the stock market, and it is essential to acknowledge the risks of this artificially inflated economy. The consequences of this recklessness will be severe, and it is crucial to take a closer look at the nation’s financial health before it’s too late. The stock market’s detachment from reality is a warning sign that should not be ignored, and it is time to reevaluate the true state of the economy. The fate of the American economy hangs in the balance, and it is imperative to address the underlying issues rather than relying on artificial props to sustain the stock market.

Tariffs are explicitly imposed on global corporations, not the general public

Tariffs are explicitly imposed on global corporations, not on the general public, as they are a tax on the foreign goods these corporations’ import. It is imperative to acknowledge that some individuals are mistakenly defending the interests of international conglomerates, as if they are the victims. Notably, certain libertarians are incorrectly arguing that tariffs are “unconstitutional” because they allegedly represent taxation without representation. However, this assertion is fundamentally flawed. Tariffs do not constitute a tax on the citizenry or foreign economies; instead, they are a deliberate tax on global corporations and the foreign goods they import.

It is crucial to recognize that corporations are, in fact, socialist constructs that exist solely due to government charters and special protections. The market bailouts serve as a prime example of how corporations, which should have been allowed to fail, were kept alive due to their partnership with the government. As a result, these corporations are being taxed for importing foreign goods and exporting American jobs, which is a positive development. To avoid this tax, corporations can simply bring manufacturing and jobs back to the United States, and they do have options. Moreover, Americans have the alternative of purchasing from smaller, locally sourced producers to avoid price increases. Consequently, the playing field, which previously gave international companies an unfair advantage, is now more level, and competition is being restored. This, in fact, is a genuine free market, in stark contrast to the current system.

Tariffs hold global corporations accountable for their actions

Furthermore, it is essential to emphasize that tariffs are a deliberate measure to hold global corporations accountable for their actions. By imposing tariffs, the government is, in effect, taxing these corporations for their practices, which have a direct impact on the American economy and workforce. This approach is not only justified but also necessary to create a more equitable and competitive market. Ultimately, the imposition of tariffs on global corporations is a critical step towards restoring a free market economy, where competition is fair, and American jobs are protected.

Globalism’s Inevitability is a Myth

Critics of tariffs are loudly proclaiming that this approach is a blunt instrument in the fight against globalism, with many parroting the phrase: “Trump is wielding an ax when a scalpel is required.” However, this discussion should not be centered around Trump, so let’s set him aside for now. Instead, let’s examine the true nature of globalism: a system that purports to benefit humanity while secretly draining wealth from the middle class and funneling it into the coffers of a minuscule elite. Globalism is, in essence, a machine designed to transfer wealth and property, resulting in a historic wealth gap that has placed 30% of the world’s wealth in the hands of a mere 1% of the population. Meanwhile, the bottom 50% of the population holds a paltry 2.6% of global wealth, and this disparity is only worsening. The notion of “free trade” and interdependent supply chains has created a system where nations are weakened by their reliance on other countries for essential resources and basic necessities, making it difficult for them to withdraw. Achieving freedom from globalism necessitates isolation from these established supply chains. Those who argue that tariffs are an attack on our allies and trading partners are misguided. Many of these countries are not, in fact, our allies. Europe, in particular, is becoming increasingly totalitarian, imprisoning individuals for online speech and jailing political opponents who oppose mass immigration. Why should we maintain alliances or trade relationships with nations that would gladly destroy the values we hold dear?

The American consumer been reduced to a cash cow

Moreover, why has the American consumer been reduced to a cash cow for the rest of the world? Why do other countries rely so heavily on the United States to purchase their products? The prevailing narrative suggests that Americans must continue to consume foreign exports and remain loyal paymasters, or risk being accused of declaring war. This is a flawed argument. If tariffs are indeed ineffective or destructive, then why do numerous countries impose tariffs on American goods? They are allowed to maintain a trade balance, but the United States is not?

Globalism is a Cancer that Must be Eradicated

Critics are genuinely afraid of the demise of globalism, not because they have a deep affection for the ideology, but because they are addicted to the meagre comforts it provides. They are aware that independence and self-sufficiency require a painful process of detoxification. Globalism is a cancer that is plaguing our world, and it is imperative that we take decisive action to eradicate it. If we fail to do so, we will suffer the consequences for decades to come, and our children will grow up without experiencing the true meaning of prosperity.

Written By Tatenda Belle Panashe

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