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April 6, 2025
Pearl Clutching, Fainting Couches And Dire Warnings Aside, Finally Demanding 'Fair' Trade From Other Nations Is Something That Should Have Been Done Long Ago
All we have seen from the media, the left (Yes, I know, redundant) and even some RINOs (Republicans In Name Only) is pearl clutching and dire warnings about "trade wars" now that someone, namely President Donald Trump, has slapped reciprocal tariffs on nations that have been charging the U.S. high tariffs on U.S. products for decades.
Stew on the following for a moment, via American Thinker, in a piece titled "We Didnt Start the Trade WarWeve Just Finally Joined It."
Germany taxes U.S. automobiles at four times the rate we impose on theirs. France blocks U.S. agricultural products through protectionist quotas and Byzantine regulations. And South Koreadespite a free trade agreementmaintains tariff and non-tariff barriers on U.S. beef, pork, and automotive parts.
They called it free trade, but is unfair trade, truly free trade?
Another aspect of the tariff bruhaha we are seeing is that on the campaign trail, this is exactly what President Trump promised to do, and now media pundits, and even some people that voted for Trump over Kamala Harris are falling down in terror on their fainting couches.
On one hand the faux outrage being spewed on liberal cable news and from liberal newspapers is a tad amusing when they knew all this was coming, but on the other hand, those same talking heads are deliberately terrorizing Americans, for no other reason than said Americans flipped them the bird and elected Trump back into the White House despite all their dire warnings before the election.
Not one thing happening now, including the stock market reaction to the so-called "trade wars," wasn't expected when Trump took office again. That speaks to heavily to the fact that politicians rarely keep their campaign promises, and Trump is actually doing so.
How freaking dare he?
As of March 21, before most of the U.S. tariffs on imported goods from other nations, but with the knowledge that they were imminent, the following companies announced very large investments in the US.
Johnson & Johnson: On Friday, Johnson & Johnson announced manufacturing, research and development, and technology investments of more than $55 billion in the U.S. over the next four years. They say it represents a 25 percent increase in investment compared to the previous four years under President Joe Biden, crediting an increase in investment levels to the 2017 Tax Cuts & Jobs Act. Also on Friday, the company broke ground on a 500,000-square-foot biologics manufacturing facility in Wilson, North Carolina.
SoftBank: On Monday, SoftBank CEO Masayoshi Son visited Trump at Mar-a-Lago and announced a $100 billion investment over the next four years with a promise to create 100,000 jobs focused on artificial intelligence and related infrastructure, according to CNBC.
United Arab Emirates: After a meeting with Trump, the United Arab Emirates committed to a 10-year, $1.4 trillion agreement with the U.S. that will sustain existing investments in AI infrastructure, semiconductors, energy, and American manufacturing, according to Reuters.
Taiwan Semiconductor Manufacturing Company: Semiconductor giant TSMC announced earlier this month in response to Trump's tariffs threat on foreign chips that it would invest another $100 billion into its U.S. operations. The anticipated new chip fabrication plants, two advanced packaging facilities, and a new research and design center will increase the company's total investment in Phoenix to $165 billionthe largest foreign direct investment in U.S. history.
In January, Trump announced a $500 billion private investment in AI infrastructure led by OpenAI, Oracle and SoftBank.
Apple: Tech giant Apple announced a $500 billion investment.
Nvidia: On Thursday, the White House announced that chipmaker Nvidia would invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing operations.
Others include the following, gathered from a number of sources:
Clarios, a Wisconsin-based company that creates batteries for different vehicles, announced it would invest $6 billion to expand U.S. manufacturing. In a press release, a spokesperson for the company said the plan aims to advance domestic energy and mineral independence by increasing the supply of vehicle batteries.
Honda said that it would move its production of its electric Civic model from Mexico to Indiana because of Trump's tariffs on Mexico.
Since the tariffs took effect, Hyundai Steel, a Japanese company, announced it would invest $5.8 billion in a steel mill in Louisiana,and major pharmaceutical companies including Eli Lilly, Pfizer, and Merck are ramping up manufacturing investments in the US
On the campaign trail, president Trump had promised to use tariffs to bring manufacturing back to the United States.
Love or hate the way he is forcing companies to start manufacturing products in the U.S. again, it is a promise being kept.
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FREE TRADE MUST BE FAIR TRADE...
Americans have become accustomed to cheap products imported from other countries, while U.S. trade deficits have skyrocketed, all because America's leaders refused to demand "fair" trade.
As the chart above shows, the U.S. has the largest trade deficit globally, at $1.1 trillion in 2023, growing from $541.6 billion in two decades. Meaning we made less off products still made in the U.S. that are imported to other countries, than they make importing products into the U.S.
In layman's terms, that is all lost money for the U.S., while others gain off of us.
President Trump experimented with a scaled down version of the tariffs he is imposing on other countries now, and they worked so well that in the four years under the Biden regime, those original tariffs remained.
Since the media is so busy trying to terrify Americans, here are a few studies and commentary provided by the White House, with links showing their representation of the studies are accurate.
A 2024 study on the effects of President Trumps tariffs in his first term found that they strengthened the U.S. economy and led to significant reshoring in industries like manufacturing and steel production.
A 2023 report by the U.S. International Trade Commission which analyzed the effects of President Trumps Section 232 and 301 tariffs on more than $300 billion of U.S. imports found the tariffs reduced imports from China, effectively stimulated more U.S. production of the affected goods, and had very minor effects on downstream prices.
According to the Economic Policy Institute, the tariffs implemented by President Trump during his first term clearly show[ed] no correlation with inflation and had only a fleeting effect on overall prices.
Economic Policy Institute: Following implementation of Sec. 232 measures in 2018and prior to the global downturn in 2020U.S. steel output, employment, capital investment, and financial performance all improved. In particular, U.S. steel producers announced plans to invest more than $15.7 billion in new or upgraded steel facilities, creating at least 3,200 direct new jobs, many of which are now poised to come online.
A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.
China will fight it for a while, but eventually, given how many products line retailer shelves that say "made in China," they will have no choice but to negotiate or lose out.
PEARL CLUTCHING, FAINTING COUCHES AND MEDIA GAMES......
From the headlines and cable news discussions one would think this is the beginning of the end of president Trump.....again.
Listening to their dire predictions throughout his first term, and one understands quickly that the media has learned nothing from their past failed predictions or meltdowns.
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