Tag: donald trump

AIPAC leader boasts of special ‘access’ to top Trump natsec officials in leaked audio

The Grayzone has obtained audio of an off-the-record session from the 2025 Congressional Summit of AIPAC, the main US lobbying arm of the state of Israel. Recorded by an attendee of the panel discussion, the audio features AIPAC’s new CEO, Elliott Brandt, describing how his organization has cultivated influence with three top national security officials in the Trump administration – Secretary of State Marco Rubio, National Security Director Mike Waltz, and CIA Director John Ratcliffe – and how it believes it can gain “access” to their internal discussions.

Joining Brandt on the panel was Dana Stroul, formerly the highest ranking civilian overseeing Middle East issues in the Biden administration’s Department of Defense. Stroul made it clear that defending Israel’s strategic imperatives from within the US government was a top priority, arguing that Washington should deepen its “mutually beneficial” special relationship with its “strong partner” in Tel Aviv. 

Stroul dismissed the bloodbath in Gaza as the result of supposed Hamas tactics which supposedly aim to maximize the amount of children killed by Israel. At the same time, she and her fellow Israel lobbyists fretted about the impact of the post-October 7 war on public support for the self-proclaimed Jewish state. She was particularly troubled by Sen. Bernie Sanders’ attempts to force votes on military aid packages to Israel which, in her view, should never be debated in the open. Another unidentified AIPAC panelist worried that pro-Palestinian academics could eventually influence AI knowledge systems, leading to a dangerous shift in national security policy unless they were decisively suppressed. 

The Congressional Summit was permeated with anxiety, as AIPAC leaders told rank-and-file members to hide their badges when they left the Marriott Hotel for fear they would be confronted by anti-genocide protesters. Other than a handful of sessions, such as a keynote address by Israeli PM Benjamin Netanyahu, the conference was strictly off-the-record. 

With the cameras off, AIPAC leadership provided unusually candid details of their activities. In one revealing admission, Brandt explained how he and his lobbying organization groomed the future CIA director and other top Trump officials as pro-Israel assets.

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Tariff Freak Out: Why So Many People Cling To The Cancer Of Globalism

This past week after Donald Trump’s “Liberation Day” announcements the Dow Jones Index plunged by around 4000 points and the global panic was palpable. Social media was rife with nervous naysayers on both sides of the aisle – The leftists are panicking but also cheering because they think crashing markets will turn into public support for the woke commie brigade.  A contingent of conservatives are panicking too, but I’ll get to that in a moment…

My response? Finally this farce of a market is facing a correction and smacking people in the face with five fingers of reality! I applaud the event because it’s something that needed to happen years ago. Most skeptics are wrong on the tariff issue, mainly because they think the stock market matters. It doesn’t.  People are also terrified of tariffs because they think globalism matters. It doesn’t.

This position might upset those who are heavily invested right now, but I would argue they are missing the macro picture and they need to look at the situation from a position of inevitability.  Tariffs and the end of globalism are a necessary outcome.  Here’s why we shouldn’t fear the Reaper…

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Why Comparing Trump’s Tariffs To The Smoot-Hawley Act Is Dishonest

Trump’s tariffs are not designed to encourage Americans to borrow money and maximize their consumption. Nor are they designed to encourage participation in speculative stock market or real estate bubbles. America’s free trade policies encouraged such excesses after the end of the Cold War, and we can’t stand a repeat of the folly. While his critics wrongly invoke the Smoot-Hawley tariff failures of 1930, Trump’s emerging tariff policies, particularly if combined with the appropriate monetary policy, will have much better results and Make America Great Again. 

As Trump’s tariffs are implemented, they will generate revenue for the federal government and encourage investment in atrophied as well as cutting-edge sectors of the American economy. In addition, they will increase the quantity and quality of jobs available for Americans as a whole, will persuade (and are already persuading) our trading partners to adopt fairer and less predatory trading regimes, will arrest a possible slide into recession, and will get our economy moving toward our long-term growth potential of 3 percent (or more) GDP growth per year.

President Trump says “tariff” is one of his favorite words, and historical evidence indicates tariffs work. They worked for the Chinese this century, they worked for the Japanese after World War II, and they worked for the U.S. and Germany in the late 19th century. Back then, American and German growth rates and economic vibrancy radically outstripped the growth rates and economic vibrancy of a free-trading Britain, which, after abandoning its early 19th-century tariffs, adopted the free trade nostrums of David Ricardo and slipped into decline. 

One of the few instances when tariffs failed was during the Smoot-Hawley tariff episode at the beginning of the Great Depression. But there are special circumstances surrounding the imposition of the Smoot-Hawley tariffs that the free-traders hesitate to mention. When the United States raised the Smoot-Hawley tariffs, the U.S. was the world’s greatest creditor, and by raising the tariffs, we prevented others from selling us things so they could make money and pay us back. When they didn’t pay us back, it collapsed the global financial system and helped usher in the Great Depression.

Obviously, today the circumstances are reversed. The United States is now the world’s largest debtor. If we can’t pay back our debts, the global financial system will collapse, which would be disastrous for the entire world. 

Trump’s tariff medicine will put us on a diet, help us produce more, diminish inflation, and position us to manage and decrease our debt. Thus, Trump’s tariffs are not only good for Americans, but they are also good for everybody else across the world. While the Smoot-Hawley tariffs were bad, Trump’s tariffs are good because the relative financial position of the U.S. vis-à-vis the rest of the world is now reversed. This fact must not be overlooked when assessing the wisdom of Trump’s tariffs versus the folly of Smoot-Hawley. 

Furthermore, as Ben Bernanke, the former chairman of the Federal Reserve, taught us, at root, it wasn’t the Smoot-Hawley tariffs that sparked the Great Depression. It was a monstrous policy misstep on the part of the Federal Reserve Open Market Committee. On the eve of the Great Depression, the Fed raised rates and pursued a contractionary monetary policy when it should have cut rates and pursued an expansionary monetary policy. 

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Trump administration weighs drone strikes on Mexican cartels

The Trump administration is considering launching drone strikes on drug cartels in Mexico as part of an ambitious effort to combat criminal gangs trafficking narcotics across the southern border, according to six current and former U.S. military, law enforcement and intelligence officials with knowledge of the matter.

Discussions among White House, Defense Department and intelligence officials, which are still at an early stage, have included possible drone strikes against cartel figures and their logistical networks in Mexico with the cooperation of Mexico’s government, the sources said.

Still, the administration has made no final decision and reached no definitive agreement about countering the cartels. And unilateral covert action, without Mexico’s consent, has not been ruled out and could be an option of last resort, the sources said. It is unclear whether American officials have floated the possibility of drone strikes to the Mexican government.

If Mexico and the United States proceed together with drone strikes or other action, it would not be the first time they have launched a joint effort to take on the cartels, nor would it be the first time that American military and intelligence worked in concert with Mexico’s law enforcement and army.

But what the Trump administration is contemplating could be unprecedented both in the number of U.S. personnel involved and in the use of American unmanned aircraft to bomb cartel personnel and assets.

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EU Must Buy US Energy to Get Tariff Relief: Trump

U.S. President Donald Trump said late on April 7 that the European Union would need to buy $350 billion worth of American energy to secure relief from tariffs.

Trump was responding to European Commission President Ursula von der Leyen, who said earlier on Monday during a news conference in Brussels that the EU was ready to negotiate a “zero-for-zero” tariff pact on industrial goods.

Asked by a reporter at the White House whether the offer was enough for him to back down on 20 percent duties on imports, Trump said: “No, it’s not.”

“The European Union’s been really tough over the years. We have a [trade] deficit with the European Union of $350 billion and it’s going to disappear fast,” Trump said. “And one of the ways that that can disappear easily and quickly is they’re going to have to buy our energy from us … They can buy it, we can knock off $350 billion in one week.”

On April 2, Trump announced a minimum 10 percent tariff on all trading partners, as well as higher levies on about 60 nations identified by the administration as “worst offenders” in trade imbalances with the United States. China topped the list.

The 27-nation EU bloc is currently facing 25 percent import tariffs on steel, aluminum, and cars, with tariffs of 20 percent due to kick in from April 9 for almost all other goods under Trump’s new policy of responding in kind to countries that he says impose high barriers to U.S. imports.

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Trump Administration Proposes Historic $1 Trillion Defense Budget to Bolster National Security

President Donald Trump and Defense Secretary Pete Hegseth have unveiled plans for a record-breaking $1 trillion defense budget.

This landmark proposal signifies the administration’s unwavering commitment to national defense and global leadership.

During a press conference alongside Israeli Prime Minister Benjamin Netanyahu, President Trump emphasized the necessity of this substantial investment.

Trump:
“We have great things happening with our military. We also essentially approved a budget, which is in the facility — you’ll like to hear this — of a trillion dollars. One trillion dollars. And nobody’s seen anything like it.

We have to build our military, and we’re very cost-conscious. But the military is something that we have to build, and we have to be strong because you’ve got a lot of bad forces out there now.

So, we’re going to be approving a budget — and I’m proud to say, actually, it’s the biggest one we’ve ever done for the military.”

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Old Video Of Pelosi Echoing Trump On China Tariffs Resurfaces

An old video of Rep. Nancy Pelosi (D-Calif.) urging Congress to retaliate against China’s tariffs on the United States is going viral for its uncanny resemblance to President Donald Trump’s current tariff policies.

Recorded on the House floor in June 1996, the video features Pelosi calling on her colleagues to challenge the “status quo” trade policies that had contributed to America’s growing trade deficit with China. She specifically urged lawmakers to address the disparity between American tariffs on Chinese goods and the higher tariffs imposed by China on U.S. products.

“In terms of tariffs, it’s interesting to note that the average U.S. MFN [Most Favored Nation] tariff on Chinese goods coming into the United States is two percent, whereas the average MFN tariff on U.S. goods going into China is 35 percent,” Pelosi said then.

She then asked, “Is that reciprocal?” before calling the U.S.-China trade relationship a “job loser” for America.

“In terms of jobs, this is the biggest and cruelest hoax of all. Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically, but China benefits with at least, at least, 10 million jobs from U.S.-China trade,” she said.

Pelosi went on to point out how the U.S. was only getting 170,000 American jobs out of the relationship at the time.

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Here’s Schumer In 2005 Saying Big Tariffs On China Needed…

In 2005, Chuck Schumer passionately advocated for a 27.5 percent tariff on China, calling their trade policies unfair and saying it had to end.

He was saying the exact same thing Trump is saying now, but ultimately the Democrats under Obama and Biden did nothing about it.

Schumer urged that such a large tariff on Chinese goods “says to the Chinese that their unfair trade policies have got to end. The Chinese have enjoyed a huge trade surplus with the U.S. Every year it gets larger and larger.”

Schumer had joined forces with Republican Senator Lindsey Graham to introduce a ‘China Free Trade Bill’

The rest of what Schumer said:

“Much of that trade surplus is because the Chinese don’t play fair. They don’t let our goods into their country. I can tell you company after company in New York who cannot sell goods in China or can only sell them under impossible conditions.”

“The Chinese make no effort to prevent the ripping off of our intellectual property. These are our crown jewels. The thinking. The great creativity. The great entrepreneurialness of the American business community is just taken, and they shrug their shoulders.”

“And worse of all, the Chinese pile on and add unfair rules that violate free trade. And at the top of that list is the fact that the Chinese peg their currency abnormally low, so their exports get a 27 precent advantage here in the U.S. and our imports get a 27 percent disadvantage when sold in China. Every tenet of free trade, if you believe in it, says they should not peg their currency.”

“What does this mean for America? It means a huge job loss. We have suffered dramatically in manufacturing jobs, service jobs, and other jobs. It means we have a huge trade deficit. It means the dollar sinks to abysmally low levels, threatening our wealth, and it creates chaos in the whole world trading system.”

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DOJ Reveals Would-Be Trump Assassin Ryan Routh Tried to Purchase a Stinger Missile from Ukrainian to Take Out Trump – Also Discussed July Assassination Attempt in PA with Operative Before His Failed Attempt in September

New court documents reveal that would-be Trump assassin attempted to purchase a Stinger Missile to take out Trump here in the US.

A Stinger Missile reportedly costs from $119,000 to S120,000.

On the black market, a Stinger Missile costs anywhere from $50,000 to $80,000.

So where did Ryan Routh get all of his funding?

The court documents reveal that Routh was communicating with someone he “believed to be a Ukraine with access to military weapons.”

It sounds like Routh was holding talks with a federal operative.

And, Routh and his associate were talking about assassinating Trump in July 2024 in Pennsylvania!

Thomas Matthew Crooks attempted to assassinate Trump in Pennsylvania on July 13, 2024 in Butler, Pennsylvania.

Crooks shot Trump in the head before snipers shot him dead.

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Futures Soar On Optimism For Tariff Deals

After three days of big losses and record-breaking volatility, equity futures are rebounding sharply following somewhat soothing comments from Treasury Secretary Bessent (although how long the relative calm lasts is anyone’s guess, given there’s little clarity about what Trump wants in exchange for cutting tariffs). As of 8:10am, S&P futures are 2.9% higher, a bounce which started around the time we informed readers that Goldman’s head of risk of risk had turned bullish yesterday afternoon; Nasdaq futures are up 2.7%, with all Mag7 names higher with Semis and Cyclicals also outperforming. European and Asian markets are also broadly higher. The VIX is down 10 vols below 40, while Chinese ADRs are mixed. Bond yields have reversed earlier losses and are up 1bp to 4.22% with the USD dropping. Todays’ macro data focus is the Small Business Optimism report which saw sentiment tumble to 97.4 from 100.7 the lowest since the Trump election (Hiring Plans also slumped; these tend to have a lagged but positive correlation to NFP).

In premarket trading, Nvidia is leading the Magnificent Seven higher (Nvidia +4%, Amazon +3.3%, Meta +3%, Tesla +3.0%, Alphabet +2.5%, Apple +1.6%, Microsoft little changed). Health insurance stocks are rallying after the Centers for Medicare & Medicaid Services finalized a 5.06% average increase in payments to Medicare Advantage plans from 2025 to 2026, an increase from its earlier projection (Humana +14%, Alignment Healthcare +10%, CVS +8.8%, UnitedHealth +7.2%, Centene +4.9%). Here are some other notable premarket movers:

  • Agco Corp. (AGCO) rises 2% after Citi upgraded the agricultural equipment company to buy, saying that the company is “favorably positioned given its ~65% exposure to Europe and South America, which we anticipate recovering ahead” of North America.
  • Blackstone (BX) rises 3% after the private equity firm is upgraded to market outperform from market perform at Citizens.
  • Chegg (CHGG) falls 2% as JPMorgan downgrades its rating to underweight, saying the education technology company is facing secular headwinds.
  • CME (CME) rises 2.5% and Charles Schwab (SCHW) gains 3.4% after Morgan Stanley upgrades its ratings across exchange operators and brokers in a hunt for more defensive exposure.
  • El Pollo Loco (LOCO) rises 10% after receiving an unsolicited, non-binding indication of interest from Biglari Capital Corp.
  • Eli Lilly & Co (LLY) climbs 2% after Goldman Sachs upgraded the obesity drugmaker to buy, citing a “compelling entry point into the sector’s premier topline grower” at current levels.
  • Levi Strauss (LEVI) jumps 11% after the apparel retailer maintained its full-year outlook in the face of sweeping new US tariffs that are poised to significantly raise costs for multinational apparel companies.
  • Marvell Technology (MRVL) climbs 4% after Infineon agreed to buy the chip designer’s automotive networking business for $2.5 billion. The deal makes sense given the firm’s strategic focus on artificial intelligence, analysts say.
  • Nu Holdings (NU) rises 4% after JPMorgan upgraded the bank to overweight, saying “even in our more conservative estimates we see Nu growing earnings more than 30% in next 3 years, something hard to find.”
  • Teradata Corp. (TDC) rises 4% after Morgan Stanley upgraded the database management company to overweight, saying “we acknowledge the company remains a model in transition with risk of extending sales cycles,” but at the current valuation, “we believe this is more than priced in.”

Traders are dipping back into risk assets after one of the most brutal selloffs in years, with some taking hints that President Donald Trump might be willing to ease his position on trade terms after Japan pushed ahead with talks. That sent the Nikkei 225 index to a 6% surge. Goldman traders are turning outright bullish anticipating a big bounce in stocks here, with many citing expectations that Trump will cut trade deals.

“The Trump administration is signaling his openness to trade deals,” said Elias Haddad, a strategist at Brown Brothers Harriman. “Regardless, the pervasive uncertainty created by continuously changing US tariff threats and the scope of potential retaliatory measures remain a major blow to the global economy. Bottom line: relief rallies in risk assets will likely be short-lived.”

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