The following article, Another Trading Partner Returns to Beg Trump, was first published on The Black Sphere.
Can we just make it official at this point: President Trump indeed codified the art of the deal. It’s safe to say that the world won’t see another Trump in this lifetime.
Leftists try to dismiss Trump as boorish, and an unseasoned politician, and to their detriment. There is not one person or group who has defeated him. And he’s had the most power adversaries in history.
While I do lavish praise on his technique, Trump wins because he sides with common sense, reason, and truth almost all the time. That is an easy recipe for success.
So when Canada tried to play Tommy Toughass, anybody watching tariffs and the outcome thus are knew the outcome.
As Yahoo Finance reported, Trump defeated Canada.
President Donald Trump said in an interview that aired Sunday that he did not plan to extend the July 9 tariff deadline he set for countries to broker deals with the US.
“I don’t think I’ll need to,” he told Fox News’s Maria Bartiromo. He added, however: “I could, no big deal.”
During a White House press conference on Friday, Trump said the July 9 deadline to raise “reciprocal” tariffs was not set.
“We can do whatever we want,” said at the press conference. “We could extend it, we could make it shorter,” adding that his preference was to make it shorter.
Late on Sunday, Canada cancelled its digital services tax on US technology companies, such as Apple (AAPL), Amazon (AMZN) and Alphabet (GOOG, GOOGL), just hours before it was set to start. The hope is this will revive stalled trade talks between the two countries.
I love how these nations pretend to play tough, only to crawl back to the negotiation table practically begging for deals.
I wrote recently of Trump’s tariff success:
According to Yahoo Finance, June tariff revenue is off the charts:
President Trump’s tariffs are pouring billions more into US coffers in June, putting the revenue supplied by importers on pace for another monthly record.
The latest measure of government receipts for “Customs and Certain Excise Taxes” stood at more than $26.7 billion for the month of June, according to the Treasury Department’s latest daily statement dated June 24.
The monthly total is likely to rise only slightly in the coming days, with importers often depositing their tariff duties in a single day and this latest statement showing a massive daily deposit of more than $19.9 billion.
Let that marinate.
That’s $26.7 billion and counting. June isn’t even over. And it’s already eclipsed May’s haul of $22 billion, April’s $17.4 billion, and March’s $9.6 billion.
Add it up:
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- March: $9.6B
- April: $17.4B (↑ 81%)
- May: $22B (↑ 26%)
- June: $26.7B+ (↑ 21%, with more days left)
Cumulative total? $76.7 billion.
Tariffs are so robust, they even have a “tariff tracker”. See for yourself. In fact, things are so good on tariffs that NPR was forced to take notice.
President Trump has been promising his tariffs will help make America more prosperous.
There’s already evidence that tariffs are helping the government’s bottom line. The federal government collected $68.9 billion in tariffs and excise taxes during the first five months of the year, according to Treasury Department data collected by the Bipartisan Policy Center.
That’s a 78% increase from the same period a year ago. Much of the additional revenue came in April and May, after Trump imposed tariffs of at least 10% on nearly everything the U.S. buys from other countries.
Funny how things work, when they are based on logic.
For example, the logic that applies here is that the United States had a $1.1 trillion trade deficit. And almost every producing nation shipped more to us than we shipped to them. In many cases, the products being exchanged were things we could get or manufacture in America, yet our supposed representatives allowed us to accumulate this astronomical hole in our deficit, likely based on greed. President Trump did the obvious. He stopped the leeches from sucking all the blood out of the American economy.
America will still maintain a trade deficit. However, the deals that the president has brokered will ensure that our core-competencies remain the intellectual property of America. The world will now pay for our infrastructure, and the privilege of having America’s protection, militarily and financially.
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