Economists Arthur Laffer and Stephen Moore are predicting that the new tax bill and high state taxes will cause 800,000 people to leave California and New York over the next three years.
Despite expressing his preference for bilateral trade deals rather than multilateral “free trade” regimes that erode the sovereignty of multiple nations, President Donald Trump and his top officials have indicated that a new version of the North American Free Trade Agreement (NAFTA) is almost ready. A number of disagreements remain, but negotiators reportedly expect to have them worked out very soon. Senior U.S. administration officials are even said to be plotting wild schemes to ram the “modernized” NAFTA regime through Congress. But opposition among Americans and their elected representatives is growing louder.
Despite arguing that the World Trade Organization has no authority over the issue, the Trump administration has agreed to enter into a WTO “dispute settlement” scheme with the Communist Chinese dictatorship. The Trump administration argues that the primary disagreement, which surrounds U.S. tariffs on steel and aluminum imports, is a matter of national security, and therefore beyond the purview of the globalist WTO. Instead, U.S. authorities countered that the regime in Beijing was actually violating international trade rules. Unfortunately for Americans, though, allowing the WTO to meddle in or even overturn American policy represents a grave threat to U.S. sovereignty and self-government.
No slowdown in the economy is expected before November's elections, and none is likely afterward, either, says the Conference Board.
Despite President Donald Trump's “America First” campaign promises to rein in globalism in favor of Americanism, analysts on both sides say new reforms being pushed at the World Bank represent a “departure” from that agenda. Under the proposed agreement, which has not been made public yet, the World Bank is set to receive an infusion of new tax dollars while handing more power and influence to the regime ruling Communist China. A senior U.S. Treasury official told The New American that the “transformational reforms” were in line with Trump's vision and would protect U.S. taxpayers. But already, establishment-minded analysts are celebrating the move as a betrayal of the “America First” agenda articulated by President Trump.
After suggesting last week that the U.S. government would seek to rejoin the sovereignty-shredding Trans-Pacific Partnership (TPP), President Donald Trump took to social media on April 18 to slam the controversial “free trade” regime that he once described as the “rape of our country.” Instead, Trump is seeking a bilateral agreement with remaining Pacific-rim governments such as Japan. Grassroots conservatives celebrated the announcement. But establishment voices were less than happy about it.
Since the Empire State Manufacturing Survey — taken by the New York Federal Reserve — measures the economic outlook of just 200 manufacturers in one state, its drop is really nothing to worry about, right?
This year’s Tax Freedom Day, which “represents how long Americans as a whole have to work in order to pay the nation’s tax burden,” falls on April 19 according to the Tax Foundation.
Trade expert Alan Tonelson applauds President Trump for taking a long-overdue tough trade stance on China, but urges the president to clearly annouce what the end-game goals are, and to explain to the American people why these measures are desperately needed.