This Week in the World Affairs Brief

TRUMP GRANTS SELECTIVE EXEMPTIONS FROM TARIFFS

With a few exceptions, global trade has been good for the USA, but it took lowering tariffs to do it: goods imported into the US had, on average, tariffs of just 2-3% on most items before Trump came into office. This literally flooded the country with cheap goods. Now much of that trade is in turmoil and the products are starting to stack up in foreign ports because buyers can’t afford to pay the tariffs to bring the products in. Every time President Trump changes his mind about tariffs it delays resolution of these trade decisions. It also keeps the world financial markets in turmoil with huge downturns and upswings that only a few big players who have insider knowledge can use to make big gains playing the futures markets to their advantage. This week Trump started a dangerous game of picking favorites by giving exceptions to the huge 145% Chinese import tariffs for a select list of big tech companies like Apple, Dell computer and some chip manufacturers under the idea that this would give them more time to move production back to America (which will take years), and then he threatened them with revoking their exemptions if they don’t do it soon. You can’t rush these major relocation decisions without causing huge cost increases. Even if some do bring manufacturing back to the US, it brings up a fairness issue: Trump's exemptions favor only those rich enough to gain access to him. Giving time to move manufacturing to America could apply to any number of smaller companies too—but they don't have the cash to do so or the ability to talk to Trump—he only gives access to famous and powerful billionaire CEOs and companies. No one should have “pull” with Trump if he’s going to be uniform and fair. This week I’ll also cover how Congress ceded their constitutional power over tariffs to the President and why they’ll never be able to get it back under Trump. To receive a free one-time sample of the Brief, along with options on how to subscribe, click on Request a Sample on the left.

Also:
  • Defunding Harvard
  • The Budget Fight
  • Democrats Hate the “SAVE Act”

Daily News

China could sink entire US carrier fleet in 20 minutes

Mehr News

“So far our [US] whole power projection platform is aircraft carrier and the ability to project power that way strategically around the globe,” said Hegseth in a recent interview. However, Hegseth added that China’s 15 hypersonic missiles “can take out 10 aircraft carriers in the first 20 minutes of the conflict,”

Colorado will drastically limit the sale of many semiautomatic guns — what does the new law really do?

Colorado Sun

Starting in August 2026, the manufacture of certain semiautomatic firearms that can accept detachable ammunition magazines will be outlawed in Colorado, and their sales will be significantly limited (we’ll get into that below). That will include AR-15 and AK-47 rifles, as well as a long list of their popular variants. The law affects tactical shotguns and a small number of handguns.

Transcript of Rep. Curt Weldon’s Interview on The Tucker Carlson Show

The Singju Post

TUCKER CARLSON: We recorded the interview you’re about to watch five days ago and I’ve been thinking about it ever since. It’s with a former congressman from Pennsylvania called Curt Weldon. Curt Weldon was a very significant figure in Washington 20 years ago. He was not some obscure backbencher. He was one of the most powerful Republicans in the Congress about to take over the Armed Services Committee until he asked questions about the official story on 9-11, at which point the Bush administration sent the FBI to his daughter’s house, destroyed her life, never charged her with a crime, and effectively got Curt Weldon bounced out of Congress.

Judge Blocks EPA From Terminating Part of $20 Billion Biden-Era Climate Grants

The Epoch Times

The program, formally known as the Greenhouse Gas Reduction Fund but more commonly called the “green bank,” was approved under the 2022 Inflation Reduction Act and saw the EPA award $20 billion in grants to eight entities to launch climate-related projects. In announcing the cancellation of the program in March, Zeldin described it as a “gold bar” scheme. He said the decision to terminate the program was based on “substantial concerns regarding program integrity, objections to the award process, programmatic fraud, waste and abuse, and misalignment with the agency’s priorities.”

Bessent's Grand Strategy: Use Tariff Negotiations To Isolate China From The Rest Of The World

ZeroHedge

The idea, as we laid out in not so many words, is to extract commitments from U.S. trading partners to isolate China’s economy in exchange for reductions in trade and tariff barriers imposed by the White House. US officials plan to use negotiations with more than 70 nations to ask them to disallow China to ship goods through their countries (the so-called "transshipment" loophole), prevent Chinese firms from locating in their territories to avoid U.S. tariffs, and not absorb China’s cheap industrial goods into their economies.

Chinese Regime Tightens Control Over Radio Communication Equipment

The Epoch Times

The Chinese regime’s Ministry of State Security posted a message on its official WeChat account on March 23, warning of the alleged threat posed by radio waves, which can carry and spread a large amount of information. The notice accused some radio enthusiasts of regarding foreign radio equipment as “novel toys” and purchasing them illegally, posing a so-called threat to national security. It emphasized “guarding against cross-border radio undercurrents” and preventing their illegal use.

Winter Earthquake in Tibet Reveals Lack of Investment in Local Infrastructure

The Epoch Times

some online users questioned the Chinese regime’s long-standing claim of “providing extensive support for the development of Tibet.” One user, commenting on a video about the Dingri County earthquake, asked, “Tibet has been ‘liberated’ for over 70 years—why are the houses still in such poor condition? Where has the funding for Tibet gone?” Another user remarked, “I always thought Tibetans were rich, but this earthquake has shown us the reality of Tibet.”

H.L. Mencken the Great

The Epoch Times

Mencken was a literary giant of his time, a leading voice followed by all intelligent people. It’s odd to me that today he is so unknown, and that is probably because our times are less tolerant of eccentricity and intellectual provocation than his. He never joined a partisan clique, preferring instead to carve out his own niche as an independent. For anyone who loves ideas, Mencken is impossible to put down. As you read, you feel your internal constitution change. It is exhilarating and transforming. You sense that you are thinking hard for the first time in a long time. With him as your guide, you throw off conventions that surround us. You feel liberated, prepared for new things, renewed in spirit, defiant, courageous.

Mizuho: "Pretty High" Confidence Data Will Show China Dumping US Treasuries

ZeroHedge

Now that even the shoeshine boy is speculating whether China is selling its US treasuries (to kill three birds with one stone: i) hammer the dollar, ii) push yields higher and iii) prop up the yuan, if only to give the impression that China is winning the trade war something we described here), Mizuho has a “pretty high” degree of confidence that data will eventually show if China has been selling US Treasuries, according to Jordan Rochester, EMEA head of FICC strategy at the bank.

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