The world’s first American Pope, India and Pakistan trade blows, Israel hits Syria again, Trump’s tariffs bring trade deals, more leftwing waste uncovered, Starbase becomes a real city, and a surprising amount about Disney.
Cardinal Robert Francis Prevost was elected by the College of Cardinals to succeed the late Pope Francis on Thursday, taking the papal name Pope Leo XIV.
Prevost, 69, is a native of Chicago. He is the 267th Pope of the Roman Catholic Church and the first American Pope in the Church’s history. A former prefect of the influential Dicastery for Bishops, Pope Leo XIV spent decades as a missionary in Peru. Leading up to the conclave, he was considered a compromise candidate and one of the frontrunners because of his missionary work and Vatican experience.
French Cardinal Dominique Mamberti, another rumored candidate for the Papacy, announced Pope Leo XIV’s election on the balcony of St. Peter’s Basilica to a roaring crowd. The newly elected Pontiff appeared to be emotional during the blessing he delivered from the balcony as he re-introduced himself to the world. Eagle-eyed observers noticed the Pope wore traditional garments for his introductory remarks, but he broke with custom by initially reading his speech from a piece of paper.
Pope Leo XIV paid tribute to Pope Francis in his speech while reiterating the Church’s missionary zeal and charitable heart. He also touched on the Resurrection of Jesus Christ and peace in his address.
“We have to seek together to be a missionary church, a church that builds bridges and dialogue, always ready to accept, like this great piazza, with its arms, we have to show our charity, presence and dialogue with love,” he said.
Pope Francis elevated Prevost to Bishop of Chiclayo in Peru in 2015 and named him a Cardinal in 2023 after the Church played an important role in maintaining stability in Peru amid political crises. He became prefect of the Dicastery for Bishops in January 2023, making him responsible for the appointment of Bishops, an enormously powerful role within the Church.
Ordained in 1982, Prevost received an undergraduate degree from Villanova University in 1977 and then obtained a Master of Divinity from the Catholic Theological Union in Chicago. He went off to Rome for degrees in canon law at the Pontifical College of St. Thomas Aquinas before joining the Augustinian mission in Peru in 1985.
“With today’s election of His Holiness, Pope Leo XIV, I cannot help but reflect on what his Augustinian papacy will mean to our University community and our world. Known for his humility, gentle spirit, prudence and warmth, Pope Leo XIV’s leadership offers an opportunity to reaffirm our commitment to our educational mission,” said Villanova president Rev. Peter Donohue.
He spent a notable portion of his career at the Augustinian seminary in Trujillo until returning to Chicago in 1999 to oversee the Augustinian province. Prevost later led the Augustinian order for two terms from 2001 to 2013 until he went back to Peru.
Snip.
The new Pope’s name, Leo, suggests a spiritual connection to Pope Leo XIII, a 19th century Pope known for his combination of supporting workers rights and opposing communism.
Let’s hope he keeps up that “opposing communism” tradition…
More union graft off the taxpayer: “Senate DOGE Caucus Leader Uncovers Federal Employees Cashing Taxpayer Checks While Doing Union Work.”
In fiscal year 2019, the Office of Personnel Management reported that federal employees spent 2.6 million hours on union activities, costing taxpayers $135 million. The Biden administration temporarily halted OPM’s data reporting, but the Trump administration resumed it after a request from Ernst.
“Through the course of the past 10 years and studying government efficiency and fraud, waste, and abuse, we have uncovered the issue of taxpayer-funded union time. It’s where we see federal employees—and they can legally do this right now—work during their regular workday, and do that as taxpayer-funded dollars going to their paycheck, but they’re not actually working on their duties as a federal employee,” [Sen. Jodi] Enrst said during a panel discussion on government bureaucracy at the The Hill & Valley Forum this week. “What they’re doing is working for their union, maybe to increase their wages or increase their benefits, on the taxpayers’ dime.”
Ernst also sounded off on “egregious” examples of federal employee misconduct. “Federal employees who were caught, you know, one taking a bubble bath when he was on a Zoom call with other employees—he got ratted out, of course. Those that are on the golf course, we get those all the time,” senator said. Even more shocking cases included a HUD employee who was in prison for driving drunk during work hours, unbeknownst to her supervisor, and a remote worker who ran a full-time business while his mother answered his work emails.
“Somehow her supervisor did not know she was in jail,” she explained about the HUD employee, adding, “And one of the most egregious was one federal employee that was working remotely that had started his own business, full-time business, and during the work hours, his mother was responding to his emails.”
Last month, Ernst introduced the Taxpayer-Funded Union Time Transparency Act to revealed just how much federal employee unions are subsidized by tax dollars after the Biden administration paused the public release of the figures. Rep. Scott Franklin (R-FL) introduced companion legislation in the House of Representatives.
The graft thickens. “Foreign Aid Official Who Resisted DOGE Took Secret Payments After Steering Africa Money To Friend.”
A foreign aid official who refused the Department of Government Efficiency (DOGE) access to his agency’s financial records may have had a reason to keep auditors out: he steered illicit contracts to a friend who sent him secret payments, according to a law enforcement affidavit obtained by The Daily Wire.
Mathieu Zahui, chief financial officer of the African Development Foundation, refused to grant DOGE access to its books and told the White House that the agency would not acknowledge President Donald Trump’s appointee as chairman of the board. After a dramatic showdown in March, DOGE physically took over the building with U.S. Marshals, but control of the agency is now the subject of a lawsuit objecting to “swooping in with DOGE staff, demanding access to sensitive information systems” — an objection that reads differently in light of the criminal probe.
For years, workers at the small, USAID-adjacent federal agency focused on Africa have told oversight bodies about allegations of self-dealing, procurement violations, and mysterious offshore bank accounts, many of them involving Zahui. But little was done about it, several told The Daily Wire.
One action that raised eyebrows was Zahui’s insistence on directing both grants and contracts to a company in Kenya called Ganiam Ltd. According to spending records, it was awarded nearly $800,000 in contracts without competition. For example, a one-year, $350,000 contract for “transport, travel, relocation” services was executed in March 2020, when few people were traveling or holding conferences because of coronavirus.
According to a search warrant application uncovered by The Daily Wire, USAID’s inspector general established by August 2024 that the company’s owner had secretly wired money to Zahui’s personal bank account at times that matched up with the federal contracts. To date, the Department of Justice has not charged either man with a crime.
Ganiam Ltd. is owned by Maina Gakure, whom Zahui has known for decades. Both worked at the Department of Veterans Affairs in San Diego and later moved to Fairfax, Virginia. Gakure had been in charge of awarding contracts at the VA, then created his own company designed to get government construction contracts by taking advantage of a minority preference program. It was called Ganiam LLC and was based out of a house in Virginia. Gakure similarly created a company based in Kenya called Gakure Ltd. The African Development Foundation is permitted by law to give grants only to African entities.
Overseas aid is just a gigantic bucket of graft for Democratic Party grandees. (Hat tip: Sarah Hoyt at Instapundit.)
The Trump administration’s proposed budget for fiscal year 2026 seeks to eliminate over $15 billion in funding associated with Biden’s expensive and inane “Green New Deal” initiatives, specifically targeting “clean energy”, the “climate crisis”, and environmental programs.
The White House said the energy budget proposal cancels more than $15 billion in carbon capture and renewable energy funding from the bipartisan infrastructure law that former President Joe Biden, a Democrat, signed in 2021. It also proposes to cancel $6 billion from that law for EV chargers.
“The Biden Administration spent more than three years implementing these programs, but built only a small number of chargers because it prioritized over-regulating and ‘climate justice’ goals,” the White House said. “EV chargers should be built just like gas stations: with private sector resources disciplined by market forces.”
The plan reorients Energy Department funding toward research and development of technologies that could produce an abundance of oil, gas, coal and critical minerals, nuclear reactors and advanced nuclear fuels, the White House said without further details.
Winning. “Supreme Court Allows Trump to Enforce Transgender Military Ban.”
Over the last three years, Minh Phuong Ngoc Vong, a U.S. citizen, pulled down $970,000 working at a nail salon in Bowie, Maryland.
But Vong wasn’t just filing nails.
He was also filing applications at U.S. tech companies for IT and development jobs, some of which had government contracts requiring security clearance. However, Vong wasn’t performing any of the duties at those jobs; he was outsourcing all his work virtually to China and North Korea.
This alone is sketchy. But the reason he was caught shows the true severity of the crime.
An unnamed Virginia-based tech company wanted to include him on a job that needed more security clearance, but when they submitted his credentials to the Defense Counterintelligence and Security Agency for a secret clearance, he was flagged as having another job with security clearance, namely working with the Federal Aviation Administration.
The Virginia company fired him for having more than one job, but when the CEO showed his picture to the lead-developer, they realized that the man they hired was not the same one who was showing up to virtual meetings and doing the work.
As a result of Vong’s fraudulent misrepresentations, these government agencies unknowingly granted Vong’s co-conspirators access to sensitive U.S. government systems, which they accessed from China.
My respect for the hustle ends at creating gaping security holes for the commies.
Following India’s attack on terrorist bases in Pakistan, both countries have launched escalating attacks on the other.
Friday has seen the border conflict between India and Pakistan escalate once again, with The New York Times describing that it has escalated to the most expansive military clashes in decades. Entire large expanses of border zones are swarming with drones overhead – a first in the history of the long-running rivalry.
“There were reports of nonstop barrages along the border overnight into Friday, as well as reports of attacks by Pakistan into the Indian city of Jammu, a part of Kashmir,” the Times report says, citing that drone attacks have been exchanged along India’s entire western border.
India’s Operation Sindoor has not just avenged the deaths of the 26 people in the Pahalgam attack, but also had a far-reaching impact on the global fight against terrorism. The Indian Armed Forces’ precision strikes on Wednesday reportedly killed Abdul Rauf Azhar, the operational head of Jaish-e-Mohammad and mastermind of the IC-814 hijacking.
Azhar was involved in the kidnapping and murder of Wall Street Journal journalist Daniel Pearl in 2002. Hence, yesterday’s strikes on nine terror hubs in PoK and Pakistan delivered justice to the American-Jewish journalist.
Suchomimus says that India’s missile strikes were quite precise.
An aside: As of this writing, there’s not a single entry on this Indo-Pakistani conflict on The Institute for The Study of War’s homepage. Look guys, I know you’re busy with Ukraine, Iran, and China, but given that this is a war between two nuclear-armed nations that just went hot, do you think you could spare an analyst or two to, you know, study it?
President Donald Trump and U.K. Prime Minister Keir Starmer announced a historic trade deal between the two countries on Thursday that Trump says will include billions of dollars of increased market access for American exports, including beef, ethanol and other farm products.
The president, speaking from the Oval Office, said the details of the deal with Britain will be finalized in the coming weeks, but said the close U.S. ally has agreed to “eliminate numerous non-tariff barriers” under the agreement, which Trump touted as a “great deal for both countries.”
U.S. Commerce Secretary Howard Lutnick said the deal would create $5 billion of opportunity for U.S. exports after Britain identified products it was importing from other countries that it could instead purchase from the U.S.
Trump said the deal will also include a “historic” economic security component and said that Britain will “fast track” American goods through its customs process.
Under the deal, the U.K. will still be subject to Trump’s 10 percent baseline tariff that he has imposed on all countries.
Lutnick said the U.S. has agreed to lower its 25 percent tariff on imports of British cars to just 10 percent. He also indicated Rolls Royce engines and plane parts will be imported tariff-free, while Britain is set to buy $10 billion of Boeing airplanes. Meanwhile, tariffs on British steel exports will drop from 25 percent to zero.
If all that weren’t enough, “Israel carried out waves of airstrikes against terrorists and military targets in Syria, including the capital city of Damascus, after jihadists — reportedly backed by the new Islamist regime — launched attacks on the country’s non-Muslim Druze minority, killing at least 100 people in two days of fighting.”
According to the 20-page document, Schiff may have violated Maryland Code §7-401 and California’s Election and Tax Codes, including statutes that mirror the allegations recently leveled against New York Attorney General Letitia James—particularly in the realms of mortgage and insurance fraud.
According to the complaint, “In 2009, Adam Schiff’s residence and voting registration was called to question in a House Ethics Committee hearing. Adam Schiff, despite claiming to live and represent the people in the state of California, filed and reaffirmed through refinancing documents, his primary residence at 8204 Windsor View Terrace, Potomac Maryland, 28054.”
The complaint further alleges, “Adam Schiff is on the record having acknowledged the mortgage document filings [of Maryland as his primary residence] during a House Ethics hearing in 2009… He made the claim of ‘mistake,’ thereby acknowledging the appearance of possible mortgage fraud.”
But the complaint doesn’t stop there. It outlines a disturbing pattern of what Maryland law defines as a “pattern of mortgage fraud,” involving repeated false representations of Schiff’s primary residence across multiple properties and years. Under Maryland Code §7-407(c), such conduct could constitute a felony punishable by up to 20 years imprisonment or a $100,000 fine—or both.
Rules are for the little people…
“The Army cancels the M10 Booker, a ‘light tank’ that was too heavy.” I always thought the Booker suffered from “neither fish nor fowl” syndrome, and that was before the Russo-Ukraine War’s use of drones necessitated a radical rethink of the deployment of armored vehicles on the battlefield. (Hat tip: : Stephen Green at Instapundit.)
Friedrich Merz was elected chancellor of Germany after facing a historic loss in the Bundestag. In the second round, 325 lawmakers voted for Merz, bringing him past the 316-vote threshold. The far-right Alternative for Germany (AfD) has already demanded that Merz step down and call for new elections following his loss in the first round.
Merz’s initial loss marked a historic moment, as it was the first of its kind in post-war Germany.
The result came as a major upset, as Merz was widely expected to win, thanks to a coalition deal involving his party, the Christian Democratic Union (CDU); its Bavarian sister party, the Christian Social Union (CSU); and the Social Democratic Party (SPD).
Evidently continuing unchecked, unassimilated Muslim immigration remains the highest priority of Europe’s ruling elites.
Romania’s prime minister will resign on Monday after a conservative opposition leader who aligned himself with Donald Trump scored a resounding first-round victory in the Black Sea nation’s presidential election.
Bloomberg reports, that Marcel Ciolacu informed coalition partners of the decision to submit his resignation in a meeting Monday in Bucharest, according to people familiar with the decision who spoke on condition of anonymity. The government will be led by an interim premier until coalition parties choose Ciolacu’s successor. There are no current plans for an early election.
The prime minister’s decision was a response to the electoral defeat of the coalition’s preferred candidate in Sunday’s first-round contest, in which George Simion of the ultranationalist Alliance for the Union of Romanians secured more than 40%.
He’ll face off against Nicusor Dan, the centrist mayor of Bucharest.
Trump’s new NIH director Dr. Jay Bhattacharya is wasting no time reforming the corrupt NIH.
As a part of a general phase-out of some animal testing, Trump’s appointees have closed the last remaining Fauci-supported and funded beagle lab on the NIH campus.
We all remember the infamous experiments funded by Fauci’s NIH that forced beagles to have their faces eaten by sand flies, with their vocal cords cut to take away their ability to cry in pain:
Western Carolina University is not changing its Title IX policy to comply with President Donald Trump’s executive action after the school was embroiled in a dispute last year over a male attempting to use women’s bathrooms.
WCU administrators refused to update their Title IX policy to comply with Trump’s order restoring sex segregation to federally funded colleges and universities and have instead continued to allow males in women’s spaces, according to public records provided to National Review by right-leaning campus watchdog group Speech First.
“For years, advocates have worried that Title IX procedures on campus have become weaponized – and these emails highlight that such concerns are indeed well-founded,” said Nicole Neily, acting executive director of Speech First.
“Universities across the country are actively ignoring and resisting the Trump Administration on Title IX, which underscores the need for strong action from both Congress and the executive branch to provide clarity for administrators and safety for women and girls.”
Far left college administrators don’t get to unilaterally redefine the statutory definition of “woman.”
The Harris County District Attorney’s Office (HCDAO) announced Friday that four felony charges pending against former Harris County Health Director Barbie Robinson had been dropped.
“After an exhaustive review of the evidence concluded by career prosecutors, the HCDAO has determined that the State cannot prove any of the charged offenses beyond a reasonable doubt and that pursuing this case is not in the interests of justice,” according to an official statement from HCDAO.
Robinson was fired from her post last September, and in November former District Attorney Kim Ogg announced Robinson would be charged with misuse of official information. In December, HCDAO charged Robinson with additional felonies, including tampering with a government record and two counts of fraudulent securing of document execution.
The charges stemmed from allegations that Robinson used her private email to coordinate with International Business Machines Corporation (IBM) officials regarding a $31 million contract to craft a social services program called Accessing Coordinated Care and Empowering Self Sufficiency (ACCESS). IBM would later successfully bid to create the ACCESS project for the county.
Before beginning her work for Harris County, Robinson served as the director of the Sonoma County Department of Health Services where she also worked with IBM to create a nearly identical program.
According to emails obtained by the Texas Rangers, Robinson exchanged emails with IBM officials shortly after she was hired by Harris County. Communications included discussion of “sole-source” contracts that could be exempted from competitive bids.
In July 2021, the county paid IBM $45,000 to put on a workshop to discuss the ACCESS program, and in November 2021 Robinson continued to use her personal email to coordinate with the company to craft a scope of work document in the weeks before the county issued a public request for proposals.
Robinson had also drawn scrutiny in 2024 for communications surrounding a $6 million contract awarded to DEMA, a California-based company selected to run Harris County’s Holistic Assistance Response Teams.
Scoring documents obtained by the Houston Chronicle showed that DEMA won the contract by a fraction of a point over a state-funded agency with experience in responding to 911 calls.
Early in 2021, Robinson had been instrumental in bringing DEMA to operate COVID-19 testing sites in Harris County. That year, DEMA CEO Michelle Patino offered her a contract for legal consulting, even though Robinson is not a practicing attorney.
The county has since severed ties with DEMA.
Of course, Soros-backed social justice warrior Sean Teare defeated Ogg in the Democratic primary last year.
“Sean Combs Was Once Celebrated at the Met Gala. He’s Now on Trial. He was lauded by Anna Wintour, was a regular guest at the gala, and his influence on the current exhibition is undeniable.” Diddy is the perfect poster boy for the Met Gala: A self-interested hedonist flaunting his wealth under the guise of virtue signaling.
Woke backlash has struck yet again and this time it’s among car giants Jaguar Land Rover who are currently on the search to replace their advertising agency after its controversial rebrand. Jaguar’s rebrand video went viral for all the wrong reasons back in December last year and were criticised for their new look which was described as “the biggest change in Jaguar’s history – a complete reinvention for the brand”. Despite the Jaguar vehicle being noticeably absent in the brand’s new relaunch video, other iconic brand images were left out too, including Jaguar’s classic leaping-cat icon.
This was replaced with futuristic pink moonscape images, dotted with boulders and included a cast of diverse and eccentrically-dressed models. The result of this rebrand, however, was met with harsh backlash with many devoted Jaguar Land Rover lover’s not shy about their dismay towards the car company, resulting in Jaguar now launching a review for a new global creative account.
Snip.
But despite their best efforts to appeal to all, the results were met with loss particularly among its sales which plunged by more than 25% in 2024.
The brand also recorded selling 33,320 cars in the same year – a stark drop from the 61,661 that were sold in 2022 and 161,601 sold in 2019.
Funny how literally everyone but Jaguar leadership saw this coming.
Plus-size far left Illinois governor J.B. Pritzker dresses up for Star Wars Day and promptly gets roasted. “Sith Lard” and “Boba Fat” are two of the better ones…
Metaphor alert: Sovereignty defeats Journalism. Not since philly Eight Belles came up lame and had to be euthanized on the track during Hillary Clinton’s run against Obama in 2008 has there been such a potent horse-racing metaphor for the current moment…
Disney strongly supports the gay community…so it’s building its newest park in Abu Dhabi, the capital of the United Arab Emirates (UAE).
The UAE criminalizes homosexuality. The Ministry of Education, I kid you not, “explicitly prohibits discussing gender identity, homosexuality or any other behavior deemed unacceptable to the UAE’s society’ in class.”
Islam is the state religion. Sharia is the source of law.
Sharia law…so same-sex sexual activity is punishable by death.
Consistency and integrity are for the little people…
Random person in New York City: “I tripped! I’m suing the property owner and New York City government!” City government: “Hey, we don’t own anything there. Take us off the suit.” Property owner: “Oh, you don’t own anything? Well, I looked at the deed map, and you’re right. So I’ve put up a fence over the sidewalk and the street parking the map says I own.” City: “No fair! Now we’re fining you!”
Critics of Trump’s hefty tariffs on China frequently treat them as radical measures far outside the norms of global trade. However, Trump is not the only one slapping anti-dumping tariffs on China. The EU has also imposed heavy duties on some types of Chinese exports.
The European Commission said on Monday it had imposed duties of up to 66.7 percent on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices.
These include boom lifts (AKA cherry pickers) and scissor lifts.
The extra duties on Chinese mobile access equipment (MAE) will range from 20.6 percent to 66.7 percent, the Commission said, as it sought to protect domestic producers in the EU market worth more than 1 billion euros [per] year.
The tariffs are the latest in a series of EU anti-dumping and anti-subsidy duties focused on Chinese imports, including a high-profile investigation into Chinese-built electric vehicles, which culminated last October.
The EU executive, which conducted the investigation, said Chinese MAE producers had benefited from preferential financing, grants, state provision of inputs at below-market rates.
The Commission said Chinese producers had gained a 41 percent market share in the year from October 2022, from 29 percent in 2020, and sold at prices some 20 percent below EU competitors.
The tariffs will apply to Chinese companies such as Hunan Sinoboom Intelligent Equipment, Zoomlion Intelligent Access Machinery and Zhejiang Dingli Machinery. EU MAE producers include French companies Haulotte and Manitou.
The European Union now has in place anti-dumping or anti-subsidy duties on almost 80 Chinese products from truck tyres to ironing boards.
Trump’s shock and awe approach has already drawn numerous nations to the negotiating table to lower or eliminate tariffs. There’s no guarantee that Trump’s tariffs will necessarily bring China to negotiate, though Trump is in a much stronger position than Xi Jingping, and there are already signs that China might cave. But clearly Trump isn’t the only one calling China on their unfair trade practices, and there seems to be fairly broad consensus in the west that the time of allowing China to unfairly dump products without consequences is at an end.
Trump’s first hundred days, a Ukraine mineral deal at last, Democrats choose rapists over women (again), employment numbers are up (unexpectedly!), Josh Hawley names and shames PELOSI, Reform UK wins big, Spain blacks out (and not from Sangria), a sneaky local Williamson County election tomorrow, and the return of the Worst Gun of All Time.
After President Trump’s first 100 days, what stands out to me is his straightforward trademark phrase — “promises made, promises kept.”
He was elected on November 5 to transform the country in a completely different direction from the failed presidency of Joe Biden.
And that is precisely what Mr. Trump has done.
He is a disruptor. He is a change agent. He is fighting the entrenched elites and their institutions. He’s not afraid to use shock and awe. He is also a master dealmaker. He is also a man chockful of common sense.
None of this is going to be easy, nor will it come without glitches. But the political reality of his first 100 days is that Mr. Trump has kept his word to the American people.
So, 142 executive orders later, Mr. Trump has secured the border, restored safety, and is making great progress on the deportation of criminal illegal aliens.
For every one new regulation, Mr. Trump is abolishing ten others.
He is cutting taxes across the board to launch a blue-collar boom, while reducing prices with the production of more goods.
He has reopened the energy spigots, and will profitably deploy America’s abundant resources.
He is eliminating federal waste, fraud, and abuse. He is shrinking the size of the federal government.
And he has launched a reciprocal fair-trade initiative.
So, pulling all of this together, in his first 100 days Mr. Trump has fundamentally restored hope for faster growth and greater affordability.
And, as tough as it may be, he is working to restore peace in Ukraine, Gaza, and Iran.
Culturally, he has stopped the Democratic woke march to DEI — diversity, equity, and inclusion.
He has fought hard for religious freedom, an end to government censorship, and has stopped the weaponization of justice.
Mr. Trump has gone after the elite universities for their failure to stop antisemitism.
And, indeed, for all of Mr. Trump’s pro-growth economic initiatives, and his ‘peace through strength’ foreign policy, his determination to restore a more traditional, cultural, and spiritual country is one of his greatest accomplishments in the first 100 days.
#Winning.
Finally: “U.S., Ukraine Sign Minerals Deal in Major Breakthrough for Peace Talks.”
U.S. and Ukrainian officials have signed a long-anticipated deal that gives the U.S. access to Ukraine’s rare earth minerals in exchange for a promised security guarantee to protect Kyiv from future Russian aggression, signaling President Donald Trump’s commitment to ending the war.
The deal was signed Wednesday afternoon on Trump’s 100th day in office by Treasury Secretary Scott Bessent and Ukrainian Economy Minister Yulia Svyrydenko, as the latter visited Washington, D.C., to finalize the details. The Treasury Department confirmed the signed deal, called the United States-Ukraine Reconstruction Investment Fund.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term. President Trump envisioned this partnership between the American people and the Ukrainian people to show both sides’ commitment to lasting peace and prosperity in Ukraine,” Bessent said in a statement. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
The minerals deal grants the U.S. access to Ukraine’s natural resources, including aluminum, graphite, oil, and natural gas, according to Bloomberg. It also lays out details about the economic partnership between the U.S. and Ukraine.
With that deal finally done, Trump finally has the excuse he needs to keep supporting Ukraine, especially if Russia refuses Trump’s demands to come to the negotiating table.
More proof that the Democrat Party is objectively pro-rape: ‘California Dems Vote To Keep Male Sex Offenders In Female Prisons.”
Democrats on the California Senate Public Safety Committee shot down a bill on Tuesday that would have kept male sex criminals out of female prisons.
The committee, which includes far-Left Senator Scott Wiener, voted down a proposal from Republican Senator Shannon Grove to protect women from males who are registered sex offenders from being able to be housed in women’s prisons. The bill also would have given women privacy in sleeping arrangements and showers, meaning that they would be protected from males who have taken advantage of California’s lax laws that allow men to be placed in women’s prisons.
“Today I am here on behalf of incarcerated women in California prisons who are dealing with the unintended consequences of allowing transgender inmates to be housed in women’s correction facilities,” Grove said at the committee hearing. “Everyone agrees that we need to keep inmates safe and provide additional protections.”
She noted that she had received a letter from a female inmate discussing how males were being housed in her prison. The letter included a condom that had been distributed by prison staff.
“Why is the state of California paying for condoms in women’s prisons?” Grove asked the committee.
The only lawmaker to support the bill was Senator Kelly Seyarto, the lone Republican on the committee.
Grove’s bill is seeking to address problems created by SB 132, a bill sponsored by Wiener that said that inmates should be housed according to their “gender identity.” Her legislation would “establish a secure facility at each women’s prison to house transgender women, in order to protect the security needs of biological women at birth in sleeping and other intimate areas” and prohibit male sex offenders from being eligible to be assigned to female prisons.
“SB 132 created a preference for transgender individuals. If you are a woman serving in the women’s prison and a transgender self-identified check-the-box person comes in and goes, ‘I want to house with you,’ the woman in that cell has no recourse. They can’t say no because that’s considered discriminatory,” Grove told The Daily Wire on Monday.
Grove said that she was told before the hearing that the committee planned to kill the bill. She said that the California Democrat supermajority had a “preference for predators versus victims.”
Democrats are at war with biology, reality, and basic human decency.
Along the same lines, Maine Democrats have censured state Republican Rep. Laurel Libby for standing against men in women’s athletics, including stripping her right to vote on bills. Boy, Democrats sure seem unclear on this whole “democracy” thing…
“Trump signs order ending taxpayer funding for NPR and PBS.” Good. (Hat tip: Director Blue.)
Up until yesterday, Matthew Bruderman was the chairman of Nassau University Medical Center. A couple of weeks ago, Mr. Bruderman announced he was cooperating with the FBI and Department of Justice in an investigation. Specifically, Mr. Bruderman claims that New York state and Long Island have stolen at least $1 billion from the organization.
Bruderman said he believes the officials’ ultimate goal was to financially strangle the public hospital, paving the way for state and local leaders to shut it down, take over the land currently owned by the public-benefit corporation that runs it and have it redeveloped for profit.
Wednesday night, Mr. Bruderman’s house was burglarized. However, the only thing allegedly taken was…documents tied to the investigation.
Bruderman wasn’t home at the time of the robbery and only found out after police called to inform him they had recovered a binder with his name on it in a car driven by an unidentified couple, he said.
“I was confused because that was the binder I had on my desk when I left,” he said.
Bruderman said he later found his backdoor pried wide open.
The binder, he said, contained “sensitive” materials related to the ongoing federal investigation, including documents and records tied to the financial misconduct he claims to have uncovered while reviewing hospital finances and state reimbursements.
Snip.
At the heart of the alleged scheme is a little-known federal program called the Disproportionate Share Hospital Fund — meant to help keep afloat struggling hospitals such as NUMC, which treat large numbers of low-income patients on Medicaid and Medicare.
Under the program, the federal government agrees to give hospitals tens of millions of dollars in funding as long as their state matches the investment.
According to [Bruderman’s] review of internal financial records, previous hospital leadership allegedly “borrowed” what was supposed to be the state’s matching share from an offshore account tied to a Cayman Islands trust, originally set up to cover the medical center’s legal bills.
That money would be temporarily transferred into the hospital’s general fund just long enough to fool the feds into thinking New York had paid its share — unlocking the federal portion of the funding, he claimed.
But once the federal funds cleared, the state’s contribution would allegedly be moved right back offshore.
That would mean those matching funds vanished into the shadows in a conspiracy that could’ve included top officials.
Seems plausible to me. Oh, also: “Mr. Bruderman was fired on Thursday.”
Blue state governance in action: “Washington state now gives $120,000 ‘forgivable loans’ for new homebuyers. But only if they’re not white.”
As part of the covenant homeownership program, the department shall contract with the commission to design, develop, implement and evaluate one or more special purpose credit programs to reduce racial disparities in ownership in the state by providing down payment and closing cost assistance… The contract must authorize the commission to use up to one percent of the contract to provide targeted education, homeownership counseling, and outreach about special purpose credit programs created under this section to black, indigenous, and people of color and other historically marginalized communities in Washington state.
Forgivable means they’re giving your tax dollars to other people to buy a home based on their skin color. I think this violates all sorts of civil rights and equal protection causes, and Pam Bondi’s DOJ should sue.
Senator Josh Hawley (R-MO) has reintroduced the “Preventing Elected Leaders from Owning Securities and Investments” (PELOSI) Act that would prohibit members of Congress and their families from trading stocks while in office.
The name of the act is a direct nod in the direction of 20 term Congresswoman Nancy Pelosi (D-CA) whose net worth has soared from $160,000 when she was first elected in 1987 to more than $140 million in 2024.
A dozen of the White House’s (WH) newly-published list of 100 of “the worst of the worst criminal illegal immigrants” arrested since President Donald Trump took office in January were apprehended by Texas branches of U.S. Immigration and Customs Enforcement (ICE).
In a news release titled “In the First 100 Days, the Trump Administration Has Taken Killers Rapists Off Our Streets,” images of the 100 detainees were listed online in chronological order by the date of their arrests — as well as displayed on the White House lawn — prior to a press conference held by White House Press Secretary Karoline Leavitt and Border Czar Tom Homan.
Six of the illegal immigrants included in the “worst of the worst” list were arrested by Houston ICE authorities, five by Dallas ICE, and one by Austin ICE.
One of the arrests made by Houston ICE was of a 70-year-old Indian national, Raju Varughese Vayechaparampil, convicted of “aggravated sexual assault of a child” in Harris County. With a similar conviction also in Harris County for “indecency with child sexual contact,” Che Xol Norberto was arrested on March 18. Osvaldo Diaz, a Cuban national, was arrested by the same ICE branch for convictions of “Trespassing and Sexual Assault Child/Battery Child” while in Florida.
Another arrest made by ICE Houston was a 64-year-old citizen of Honduras, Eduardo Garcia-Cortez, convicted of murder in California.
“God bless the men and women of ICE who strap a gun to their hip every day … To not only secure our border and protect our national security but … they’re removing public safety threats and national security threats every day,” Homan said during the presser.
“While you’re all sleeping, at two or three in the morning, there are men and women out there, enforcing the law, making this country safe again. And we’re going to keep doing that, full speed ahead,” he addressed the WH press pool.
ICE Austin’s arrest was of Humberto Ruiz-Zapata, who has convictions of murder and Driving While Intoxicated. He is a citizen of Mexico, with a prior “final removal date” of May 12, 2017.
ICE Dallas arrested Tay Myint, a citizen of Burma, on March 3. Myint was sentenced to prison for 12 years due to “aggravated sexual assault of a child” in the City of Cactus.
ICE Denver officers arrested Joel Matos-Nieto, 23, a criminal alien from Venezuela and member of the international gang Tren de Aragua with a final order of removal April 23. Matos has convictions for motor vehicle theft, obstructing a police officer and criminal mischief. pic.twitter.com/ZcaavP8A72
As Michael Shellenberger writes at PUBLIC, this wasn’t just a Spanish blackout. It shook the entire European grid.
…none of this should have been a surprise. The underlying physics had been understood for years, and the specific vulnerabilities had been spelled out repeatedly in technical warnings that policymakers ignored.
…
As countries replaced heavy, spinning plants with lightweight, inverter-based generation, the grid became faster, lighter, and far more sensitive to disruptions. That basic physical reality was spelled out in public warnings as far back as 2017.
…
Although political leaders promised that renewable energy would provide stable, affordable power, in practice, Spain grew more reliant on the remaining nuclear and natural gas plants to sustain inertia — even as the government pushes them to close.
…
Despite all these warnings, political and regulatory energy in Europe remained focused on accelerating renewable deployment, not upgrading the grid’s basic stability. In Spain, solar generation continued to climb rapidly through 2023 and early 2024.
Coal plants closed. Nuclear units retired.
On many spring days by 2025, Spain’s midday solar generation exceeded its total afternoon demand, leading to frequent negative electricity prices.
The system was being pushed to the limit.
And today, at 12:35 pm, it broke.
…
Spain’s blackout wasn’t just a technical failure. It was a political and strategic failure.
…
Unless Spain rapidly invests in synthetic inertia, maintains and expands its nuclear fleet, or adds some other new form of heavy rotating generation, the risk of future blackouts will only grow worse.
Nigel Farage’s Reform Party racked up big gains in UK local elections.
It has won over 630 council seats from around 1,500 declared so far, with results from a further 100 or so still to come in.
Reform has seized control of six authorities from the Conservatives after elections on Thursday, including Tory heartlands such as Kent and Staffordshire.
The party has also won control of Doncaster council from Labour, and taken control in Durham, where Labour was the largest party.
At least the UK isn’t trying to ban a suddenly popular, outsider party. Unlike Germany. ” Germany’s Intel Agency Designates AfD Party as ‘Extremist,’ Paves Way for Possible Ban. AfD officials made “xenophobic, anti-minority, Islamophobic and anti-Muslim statements,” spy agency cites as reason for the ‘extremist’ designation.” Eveidently the powers that be in Germany feel that notcing the baleful effects of unlimited, unassimilated Muslim immigration is “extremism.”
Germany has designated the country’s leading opposition party, Alternative für Deutschland (AfD), as ‘extremist,’ paving the way for a possible ban. The decision to classify the party was taken by Germany’s domestic intelligence agency Verfassungschutz, which operates under the country’s Interior Ministry.
“Germany’s domestic intelligence agency has designated the Alternative for Germany, the country’s second-largest political party, as a right-wing extremist group, a controversial step that could lead to the organisation being banned altogether,” the Belgian news website Euroactiv reported.
Good thing Germany banning political parties has never had any negative effects in the past…
Palmdale to Gilroy is about 300 miles. In 20 years. Or about 15 miles of track a year. Or, counting 260 work days a year, that’s an astonishing .0587 miles of track a day, or a whopping 300 feet a day. By the way, the 1,911 mile transcontinental railroad was built in six years, largely by hand. (Hat tip: Stephen Green at Instapundit.)
This was unexpected: “Donald Trump Endorses Speaker Dustin Burrows, All Pro-School Choice Texas House Republicans
The endorsement was relayed by Abbott in a closed-door meeting on Tuesday.”
President Donald Trump has endorsed Speaker Dustin Burrows (R-Lubbock) and every House Republican who voted for education savings account legislation earlier this month, according to Gov. Greg Abbott.
Abbott relayed the news to a meeting of House Republicans on Tuesday morning before the chamber gaveled in for the day’s business, The Texan reported.
The endorsement goes to the 86 House Republicans who voted for Senate Bill (SB) 2 on April 16. It comes for the 2026 midterms, and for Burrows himself, it’s also an endorsement for re-election as speaker. Trump told the caucus the morning of April 16 in a closed-door meeting that he would endorse them if they voted for SB 2. All but two Republicans, former Speaker Dade Phelan (R-Beaumont) and state Rep. Gary VanDeaver (R-New Boston), voted for it.
Passing school choice was indeed an accomplishment, but Burrows is still the latest in the Straus-Bonnin-Phelan cabal who have kept Democrats in a power-sharing agreement and thwarted conservative priorities for over a decade. burrows himself has presided over a House that has slow-walked conservative bills long after they sailed through the senate. This may be case of President Trump seeing things at a very high level and not being aware of the details. And speaking of Republican dissatisfaction with the Burrows Speakership…
With just over a month remaining in the 2025 legislative session, a group of conservative Texas House members gathered for a press conference to issue a stark warning to their leadership: time is almost up to deliver on Republican priorities.
“Today is day 107 of our 140-day legislative session,” said State Rep. Tony Tinderholt (R–Arlington). “In 12 days, every House bill that is going to pass must be reported by its committee. The clock is ticking, and our Republican voters are looking for the Republican majority they elected to the Texas House to deliver.”
Immigration and Border Security
State Rep. Mike Olcott (R–Aledo) said border security remains the number one priority for both the Texas GOP and voters across the state. He outlined four key policy targets: mandatory use of E-Verify, ending in-state tuition for illegal aliens, requiring local law enforcement cooperation with ICE, and addressing Colony Ridge.
On E-Verify, Olcott noted that “Senate Bill 324 was approved on second reading just yesterday, and we anticipate it will pass over to the House this week.” But in the House, he warned, progress has been sluggish.
“So far in the Texas House, the only legislation that’s been heard in committee on E-Verify is House Bill 323 … which only requires E-Verify for new local government employees, which is noble, but does not come close to turning off the employment magnet driving illegal immigration into this state.”
Snip.
Banning Social Transitioning of Minors
State Rep. Steve Toth (R–Conroe) focused on protecting children from social transitioning in schools. He said that while Texas banned gender mutilation surgeries in the last session, the House still hasn’t acted on legislation to prevent social transitioning.
“The good news is that we now have a great bill, House Bill 2258, to protect these kids,” Toth said. “Even better news is, it’s on its way to the governor’s desk … Bad news is, it’s not the governor of Texas. It’s the governor of Arkansas.”
Despite support from some members in the State Affairs Committee, the bill remains stuck.
“Chairman King won’t give it a hearing,” Toth said. “Texans will not forgive our massive Republican majority if we fail to protect children from groomers.”
Williamson County has local elections tomorrow. I’m not in a locale that’s having an election, but Michelle Evans of the Wilco GOP wrote to say they’re endorsing Mike Snyder for Hutto Mayor, Shannon Quicksall for Taylor City Council District 4, Cyndi Hauser for Liberty Hill ISD Trustee Place 7 and Ben Butler for Georgetown City Council District 3.
The USAID revelations exposed one of the ways Democrats continue to enforce their agenda even when out of office: Through taxpayer funded NGOs.
As we’ve learned recently, partly as the result of Department of Government Efficiency digging, many “non-governmental” entities are really just fronts for government activities that Americans would never stand for if Washington attempted them directly.
For example, America’s border crisis was funded in large part by President Joe Biden’s government, which sent large sums of money in the form of grants to various NGOs that helped train migrants on how to get to the United States — and how to claim asylum when they arrived.
NGOs helped the illegal immigrants with expenses on their way, and then provided legal resources and more than $22 billion worth of assistance for them — including cash for cars, home loans and business start-ups — once they got in.
This was US taxpayer money, laundered through “independent” organizations that served to promote goals contrary to US law, but consistent with the policy preferences of the Biden administration.
So if you were wondering who was paying for Biden’s illegal alien invasion: You were.
Under President Trump, this funding halted — and, unsurprisingly, the flow of illegal immigrants did, too.
Likewise, the weird wave of sudden global enthusiasm for “trans rights” and novel ideas about gender turns out to have been largely funded by the US government through USAID grants.
Federally funded NGOs spent millions on everything from a transgender opera in Colombia, to a campaign promoting “being LGBTQ in the Caribbean,” to an LGBTQ community center in Bratislava, Slovakia.
As data expert Jennica Pounds (“DataRepublican” on X) put it, “Over the last few months, we’ve come to a realization that should have landed much harder: NGOs weren’t just adjacent to government.”
They were tools of government, “the parallel government,” Pounds wrote, specifically doing things that Washington bureaucrats knew full well they couldn’t easily do themselves.
The big surprise is that we’re so surprised this has been going on.
The lack of accountability also made NGOs a perfect conduit for funneling money to Washington insiders.
It’s been a profitable cycle: Politicians fund agencies; agencies make grants to NGOs; NGOs hire politicians’ wives and offspring — and sometimes the politicians themselves, once they’ve left office.
Sen. Sheldon Whitehouse (D-RI), for example, voted to award $14.2 million to Ocean Conservancy since 2008, Fox News reported — and the NGO, in turn, paid his wife, Sandra Whitehouse, and her firm $2.7 million for consulting work.
One hand washes the other, and you’re the one paying for the soap.
No wonder the Washington establishment went crazy when Trump and DOGE started cutting off such funds.
And it was striking to see how many NGOs folded their tents almost immediately when Trump shut down USAID’s sprawling and largely unmonitored grant-making activities.
An NGO that can’t function without government money is anything but “non-governmental.”
This is part of a global pattern.
Most developed countries are, at least nominally, democracies — but pretty much all of them have evolved various techniques for ensuring that the voters know as little as possible about, and have as little influence as possible on, what’s being done with their money.
The bureaucracy — described as far back as the 1930s as a “headless fourth branch of government” subject to no real political control — makes most of the decisions.
Deep, meet State.
Taxpayers’ money is doled out via vast omnibus bills that make scrutiny, much less actual control, of what is being spent nearly impossible.
And then, to make it even more opaque, much of the money flows to NGOs and domestic nonprofits that spend it in obscure and often untraceable ways, so voters have no way of knowing, or ever objecting to, what is happening with their cash.
DOGE’s ongoing federal spending probe has made all this apparent.
But it’s going to take political will to do something about it.
Drastic cuts to federal spending in general is a first step: Republicans now hammering out a budget bill in Congress must hold firm on that promise.
But they must also move to drastically limit — or even outright ban — federal grants to private organizations, and at the very least to require rigorous audits of every grant that’s made.
Indeed.
Every government agency that’s been doling out money this way, via grants to NGOs or “consultants” who somehow make tons of donations to Democrats, needs a forensic audit to determine where the money was going, with indictments where the money was clearly supporting policies that violated federal law or lining political pockets.
China’s foreign trade hit a record high in total value in 2024 as the world’s second-largest economy further consolidated its top position globally in goods trade.
The nation’s total goods imports and exports in yuan reached 43.85 trillion yuan (about 6.1 trillion U.S. dollars) last year, up 5 percent year on year, according to data released Monday by the General Administration of Customs (GAC).
Exports grew 7.1 percent year on year to 25.45 trillion yuan last year, while imports expanded 2.3 percent from one year earlier to 18.39 trillion yuan, the data showed.
I have my doubts.
We looked at the situation just under a year ago, and there hasn’t been any shortage of “China is doomed” videos (many from China Observer) depicting the effects of of deep recessions in many of China’s export sectors since then. Video after video shows closed factories, shuttered storefronts, and people complaining about a lack of jobs.
This one, from a year ago, talks about a drastic decline in Chinese exports:
Here’s a video on how Microsoft is just the latest western company to pull out of China entirely:
Or this video from early December, showing how supply chain companies in Guangzhou are failing from lack of business and vast rows of shops are now closed:
Nor have things improved this year. This video, from two months ago, of a businessman complaining that no one is buying industrial machinery because exports are way down:
Or this video of Shanghai from five days ago, talking about a 90% decline in foreign investment in China and how lots of shops in Shanghai are closing down.
Or another video from five days ago, of Yiwu International Trade City already reeling from Trump’s sanctions:
Somebody, somewhere is lying about the strength of China’s economy and the health of their export sector. Remember, there were already plenty signs of a slowing economy in China before Trump took office. Is China Observer overselling economic difficulties in China? Probably some. Gloom and doom is their stock in trade. You never get any “Everything in China is honky dory!” videos from them (with good reason). But I don’t think they’re making things up from whole cloth.
Everyone know China’s communist rulers manipulate economic figures to their advantage. There’s a lot of anecdotal evidence that they’re falsifying their export statistics to make things look better than they are. I rather strongly suspect that their hand in the trade war poker game they’re having with Trump is much weaker than they let on.
The Trump administration released new guidance late Friday night on its tariff on China, exempting electronic devices such as smartphones and laptops.
The guidance, posted by U.S. Customs and Border Protection, which oversees collecting taxes on imports, could relieve some anxiety among consumers and tech giants like Apple and Microsoft, which manufacture many of their products in China, The Wall Street Journal reported. Around 20 electronic products — which also include memory cards and machines used to make flatscreens and tablets — will now be exempted from Trump’s massive “reciprocal” tariff on China. The exemption comes after the president increased the tariff on China in recent days in response to China’s retaliatory tariff on U.S. goods.
Stephen Miller, the White House deputy chief of staff for policy and Homeland Security adviser, wrote on X, “These products are subject to the tariff under the original IEEPA [International Emergency Economic Powers Act] on China of 20 percent.” The IEEPA tariff was the first one Trump imposed on China after taking office in January. The tariff was levied on China, along with Canada and Mexico, in an attempt to “hold” the countries “to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
The Trump administration has suggested that the tariff on China will encourage companies, including Big Tech companies, to manufacture their products on U.S. soil, arguing that the move would be better for the economy and national security.
“President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops,” Press Secretary Karoline Leavitt said on Saturday, according to the Wall Street Journal. She added, “Companies are hustling to onshore their manufacturing in the United States as soon as possible.”
Next came word that the pause in semiconductor tariffs will only be a month or two.
Commerce Secretary Howard Lutnick said Sunday that the administration’s decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to “semiconductor tariffs” that will likely come in “a month or two.”
“All those products are going to come under semiconductors, and they’re going to have a special focus type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels* — we need to have these things made in America. We can’t be reliant on Southeast Asia for all of the things that operate for us,” Lutnick told “This Week” co-anchor Jonathan Karl.
He continued, “So what [President Donald Trump’s] doing is he’s saying they’re exempt from the reciprocal tariffs, but they’re included in the semiconductor tariffs, which are coming in probably a month or two. So these are coming soon.”
With all respect to President Trump and Secretary Lutnick, you can’t set up a new fab to manufacture semiconductors in America in two months. In fact, you’d be really hard-pressed to do it in two years. It usually takes a fab about three years to get up and running. Bosch took three years to get their 65nm fab in Dresden up and running, and Samsung broke ground on their Taylor fab in 2022 and it hasn’t entered production yet.
Setting up a semiconductor fabrication plant is much more difficult and time-consuming than setting up just about any other factory.
As I’ve mentioned before, you can’t just take an existing building and turn it into a fab, it has to be specially built from the ground up with exacting standards for cleanroom air filtering, concrete slab level uniformity, etc. You need extremely exacting air purity handling equipment, as well as a system for running de-ionized water throughout the plant. Then you need to purchase, install, bring up and qualify all the hundreds of pieces of semiconductor equipment necessary to run a modern fab. And 2-3 years is probably the lead time to get an ASML EUV stepper, if you’re going to be building a cutting edge fab. (If the goal is to reshore the semiconductor industry, then you probably need to build a lot of less-demanding fabs as well.)
I’m in favor of the Trump Administration using tariffs to bring other countries to the negotiating table to eliminate their tariffs on American goods, and for kicking China out of the global free trade order for repeatedly breaking the rules and just being general asshats. But a two-month difference in tariff implementation dates isn’t going to change the timeline for opening new semiconductor fabrication plants in America.
*Flat panel display manufacturing uses some of the same semiconductor processes to make displays. The technology is less demanding overall, but the substrate sizes are considerably larger. Because the feature size is less demanding, I imagine bring-up and qualification is somewhat quicker, but I’ve never worked on a flat panel display machine, so I have no idea how the lead time varies to obtain and install that equipment.
Ever since Kid Rock announced that he had invited Bill Maher to have dinner with President Trump, I was interested in hearing his perspective on the event, and now we have it.
“12 days ago, I had dinner with President Trump, a dinner that was set up by my friend Kid Rock, because we share a belief that there’s got to be something better than hurling insults from 3,000 miles away.”
“And let me first say that, to all the people whom treated this like it was some kind of summit meeting, you’re ridiculous! Like I was going to sign a treaty or something. I have no power. I’m a comedian.” I think Maher is underselling the importance here. Maher was one of the earliest sufferers of Trump Derangement Syndrome. Like many on the left a decade ago (and, indeed, up through now), Maher seemed to loath Trump on an almost instinctual or class level. Indeed, at lot on the left still exhibit this all-consuming loathing. Even before 2020, Maher was willing to ding the excesses of social justice, but the Flu Manchu lockdowns seemed to accelerate his red pilling, to the point that he now regularly slams the left for even more extreme social justice madness and ever-more pro-censorship policies. Like RFK Jr. and Tulsi Gabbard endorsing Trump, Maher’s dinner invitation is provides a sort of psychic permission to those ever-dwindling numbers of “sane liberals” to abandon their own TDS blinders and take a long, critical look at what social justice-infected liberalism and the Democratic Party have become.
“So okay. So meet up in person. Maybe it’ll be different. Spoiler alert: It was.”
“Before I left for the capital, I had my staff collect and print out this list of almost 60 different insulting epithets that the president has said about me. Things like stupid, dummy, low-life, dummy, sleazebag, sick, sad, stone cold crazy, really a dumb guy, fired like a dog, his show is dead. I brought this to the White House because I wanted him to sign it. Which he did, with good humor.”
“And I know as I say that millions of liberal sphincters just tightened. ‘Oh my God, Bill, are you going to say something nice about him?’ What I’m going to do is report exactly what happened. You decide what you think about it. And if that’s not enough pure Trump hate for you, I don’t give a fuck.”
“So no, I didn’t go MAGA. And to the president’s credit there was no pressure too.”
“After we left the Oval Office, he showed me the little room off the office. You know the one where Clinton used to…OK, the blowjob room. Now it’s the merch room. And and he gave me a bunch of hats, but he didn’t ask me to take a picture in one, which I appreciated.”
“My friend said to me ‘What are you going to wear to the White House?’ I said ‘I don’t know, but I’m not going to dress like Zelensky.'”
“Just for starters, he laughs. I’d never seen him laugh in public, but he does, including at himself. And it’s not fake. Believe me as a comedian of 40 years, I know a fake laugh when I hear it, and I thank you for them.”
“In the Oval Office, he was showing me the portraits of presidents, and he pointed to Reagan and said, in all seriousness, ‘You know, the best thing about him: His hair.’ I said ‘Well, there was also that whole bringing down communism thing,’ waiting for the button next to the Diet Coke button to get pushed and I go through the trap door. But no, he laughed. He got it.” It’s good to hear liberals praising Reagan for ending communism, since they never did it when he was alive.
“At at one point we were walking through his amazing tour of the whole house, and I don’t remember exactly what we were talking about, but it must have been something with the 2020 election, because I know he used the word ‘lost,’ and I distinctly remember saying, ‘Wow I never thought I’d hear you say that.’ He didn’t get mad. He’s much more self-aware than he lets on in public.” Also, I think Trump himself knows how radically more impactful the Trump47 term has been than a second term would have been. (And the 2020 election was still stolen.)
“Look, I get it. It doesn’t matter who he is at a private dinner with a comedian, it matters who he is on the world stage. I’m just taking as a positive that this person exists, because everything I’ve ever not liked about him was, I swear to God, absent at least on this night with this guy.” I suspect that much of what Maher hates (or hated) about Trump (racist, antisemitic, Russian stooge, etc.) were lies created by relentless media campaign of systemic preference falsification.
“Bob, Kid Rock, told me the night before he said ‘If you want to get a word in edgewise, you’re going to have to cut him off, he’ll just go on.’ Not at all. I’ve had so many conversations with prominent people who are much less connected. People who don’t look you in the eye. People who don’t really listen, because they just want to get to their next thing. People whose response to things you say just doesn’t track. None of that with him.”
“And he mostly steered the conversation to ‘What do you think about this?’ I know, your mind is blown. So is mine. There were so many moments when I hit him with a joke, or contradicted something, and no problem.” Why, it’s almost like he’s a master of persuasion and reading a room than the distorted caricature the MSM keeps feeding us.
Trump asked him about the Iran situation and Maher says he should have kept the Obama Iran deal. I disagree. He seems to be taking Iranian declarations at face value, which is always a mistake, and I have a feeling the real driving factor behind the Iran deal and its literal pallets of American cash were to line the pockets of Obama functionaries just as they were exiting the White House. (See also: All those USAID revelations.)
“I told him I thought parts of his plan for Gaza were wacky, but that I had supported him in the idea that Gaza could be Dubai instead of Hell.”
“I told him he was wrong when he tweeted the night before that I was critical of all things Trump. Not true. Check the tapes. Moving Israel’s embassy to Jerusalem: Loved it. The border did need to be controlled. I’m glad the cops are getting their morale back. DEI had gone too far. Biological men shouldn’t be playing women’s sports. Europe should pay for their defense. And, of course, it makes sense that Arab countries should take in Arab refugees.”
There’s a good bit on how he wishes Trump’s public persona could be like the Trump he met in private. But Trump’s rhetorical shit-talking is an integral part of his persuasion/negotiating style (not to mention his tit-for-tat), as well as the whole “seriously, not literally” thing, and he wouldn’t be nearly as effective a President without it.
“So MAGA fans, don’t worry: Your boy gave me nothing. Just hats. Hats and a very generous amount of time, and a willingness to listen and accept me as a possible friend even though I’m not MAGA, which was the point of the dinner.”
“My favorite part of the whole night was we were standing in the blowjob room. And he said ‘You know, I’ve heard from a lot of people who really like that we’re having this dinner. Not all, but a lot.’ And I said. ‘Same. A lot of people told me they loved it but not all.’ And we agreed: The people who don’t even want us to talk, we don’t like you. Don’t talk? As opposed to, what, writing the same editorial for the millionth time, and making 25 hour speeches into the wind? Really? That’s what liberals have? He takes the piss out of everybody else and we can hold ours?”
“OK, that’s my report. You can hate me for it, but I’m not a liar. Trump was gracious and measured. And why he isn’t that in other settings, I don’t know, and I can’t answer. And it’s not my place to answer. I’m just telling you what I saw. And I wasn’t high.”
I think Maher is doing his level best to report honestly and faithfully what happened when he met Trump.
Yes, screaming into the wind is all liberals have, because victimhood identity politics has taken over the Democrat Party. Because Trump is anathema to that, Trump Derangement Syndrome and virtue signaling have become so central to many liberal’s self worth that many would literally rather than die than give them up. (The same thing applies to admitting all the ways they were wrong, and their critics right, when it comes to Flu Manchu.) They have to continue believing the MSM-created caricature of Trump as the racist rapist buffoon because to stop doing so would mean admitting that they were wrong, that they’ve been living a lie for going on a decade, and that they are not, in fact, infinitely smarter and nicer than rednecks with MAGA stickers on their pickup trucks.
As mentioned in yesterday’s LinkSwarm, Trump has offered temporary tariff relief for everyone…except China. China got hit with even higher tariffs. Evidently the only “trade war” that is happening right now is with China…and China is losing.
Behind the global economic chaos provoked by president Trump’s tariff tsunami, there are growing indications of a strategic purpose. It is now conceivable that plunging into, and then retreating from, a generalised trade war was actually a deliberate means to a truly geostrategic end: to thwart China’s ambition to replace the US as the dominant world superpower.
While Trump’s public statements still chiefly concern the need to impose economic measures to correct decades of unfair foreign trade, senior US officials, including Pete Hegseth, defence secretary, and Scott Bessent, treasury secretary, are increasingly taking a more strategic geopolitical line.
In late January, Hegseth told the US armed forces that America would “work with allies and partners to deter aggression in the Indo-Pacific by communist China”. In Panama, he said that Beijing was investing in the region for military and economic advantages. “War with China is certainly not inevitable … But together we must [deter] China’s threats in this hemisphere.”
Bessent has linked recent US tariff tactics with a shared geostrategic pushback against China, stating that “we can probably reach a deal with our allies, and then we can approach China as a group”.
In this light, the suspension of tariff combat for 90 days with most countries, while doubling down on the levies imposed on China, leaves Beijing isolated and in the firing line.
So far, after reciprocal gestures and vowing to “fight to the end”, Beijing has focused mainly on rallying anti-US sentiment across the globe. But India and Australia declined to join forces with China. ASEAN remains caught between opposing powers. The EU, in a quandary over Russia and Ukraine, likewise continues to hedge.
China has long sought to frame the West as a feeble, fragmented anachronism. Is it conceivable that, by unleashing economic fire and fury on friends and then provisionally reining it in, Trump might succeed, where Western multilateral diplomacy failed, in forcibly forging a credible consensus of opposition to the threat of global Chinese hegemony?
One assumes that Washington understands that it cannot prevail over China alone and a substantive US pivot to the Asia Pacific to press home a contest with China is starting to emerge. Trump has already reached out to Japan and South Korea, and US officials have tackled Vietnam. The Philippines, in striking distance of any hostilities over Taiwan, support the US and talk about preparing for war.
Taiwan, South Korea, India, Japan, Vietnam, Philippines: It’s like a greatest hits of nations that have bad blood with China. It’s no wonder they’ve chosen to trade with the world’s biggest economy rather than a historical enemy with designs of territorial expansion.
The developing world now faces a binary choice, and ruthlessly exploited debt and resource dependencies are not a firm basis for loyalty. This remains the case despite decades of nugatory US investment and engagement.
Under Trump’s tariffs, it is too soon to know how far China will be able to maintain the global supply lines on which its aspirations to become the world leader of innovative consumer production depend. Nor will it be easy to develop export markets big enough to compensate for declining sales to the West and its allies. Beijing’s military influence has begun to expand, but remains localised.
Most importantly, the question of Taiwan is now implicit in US language about deterring Chinese aggression. How does Trump’s assault on China’s geostrategic ambitions affect the threat of an imminent blockade, or even a full-scale invasion? The widespread view that an invasion isn’t inevitable now gives little real assurance.
Indeed, with the US taking an active stance, the status quo based on “ambiguity” is gone. Preparations to besiege Taiwan, let alone to invade, would be spotted in time for pre-emptive action.
104% tariffs on China are not enough, I’m advocating 400%. I do business in China, they don’t play by the rules. They’ve been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat, they steal, they steal IP, I can’t litigate in their courts. They take product, technology, they steal it, they manufacture it and sell it back here …
I want Xi on an airplane to Washington to level the playing field. This is not about tariffs anymore. Nobody has taken on China yet … As someone who actually does business there, I’ve had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese … the government cheats and steals and FINALLY an administration … that puts up and says “enough!” …
Xi can only stay the supreme leader if people are employed … It’s time to squeeze Chinese heads into the wall NOW!
Or check out this video from Chris Chappell of China Uncensored.
“The CCP wants to defend global trade. But they’re the ones who destroyed it in the first place.”
“The Chinese Communist Party is freaking out about US tariffs. They’ve launched a full-on propaganda blitz, calling the tariffs abuse. And blackmail. And if anyone is an expert on abuse and blackmail, it’s the CCP. The CCP is also claiming to be the defender of global trade. Yes, China is going to safeguard multilateralism and the multilateral trading system. And they totally are! I’m not being sarcastic here. They really are.”
“The CCP is going to fight for the current global trading system. It’s not because they love international cooperation, which is just propaganda BS. It’s because the CCP has spent decades manipulating global trade to their advantage. So there’s no way they’re going to let all that lying and cheating go to waste. Plus, global trade is basically the only thing keeping China’s economy afloat.”
“China is an export economy. That means their economy relies on manufacturing stuff for the rest of the world to buy. Chinese manufacturing exploded after China joined the World Trade Organization in 2001. Because China was able to make stuff more cheaply than other countries, consumers around the world benefited from lower prices on Chinese imports. But countries also lost tons of manufacturing jobs to China. The US alone lost more than two million jobs between 1999 and 2011 as a result of Chinese imports.”
“Besides manufacturing, the other big driver of China’s recent economic growth was real estate investment. Which became a problem after China’s real estate market started to collapse in 2020. So, the CCP decided to double down on manufacturing. They pumped billions of dollars into building more factories and exporting more goods to keep China’s economy from crashing. Which did work, but now China is making way more stuff than the rest of the world can buy. That’s called overcapacity.”
“China is making way more batteries, solar panels, and electric vehicles than the rest of the world wants. And because China has so much overcapacity, it also doesn’t import much from other countries. Which means China now has a trade surplus of almost a trillion dollars. That’s more than any country’s trade surplus in the past century, even adjusted for inflation. And China doesn’t show signs of stopping. Its export volume is growing three times as fast as global trade. That’s insane.”
“So what happens when China exports more and more stuff? They have to cut prices to be able to sell it all. Which means other countries lose even more jobs to China. Entire industries shut down. There are now certain products you can only buy from China. And when those are critical things like medical supplies, that gives China massive political and economic leverage on other countries. Remember when China stopped exporting medical goods during the early days of Covid? Yeah, that, but on an even bigger scale.”
“So that’s why the Chinese Communist Party is fighting to maintain the global trading system. They dominate it. And without it, China’s economy would fail. And their political control would crumble.”
“But how did China get here? It’s not just about cheap labor. The CCP has built an entire economic system to dominate global trade. Back when China joined the World Trade Organization in 2001, they promised to follow rules to ensure fair trade practices. To be fair to the CCP, something I never thought I’d say, they did make a bunch of economic reforms in order to get into the WTO. But after they joined, they violated the WTO rules repeatedly. They’ve been cheating the system for decades. And largely getting away with it. You see, the WTO rules are set up to prevent government intervention that would artificially distort global trade. But in a communist system, it’s government intervention all the way down.”
He brings up the example of honey producers getting subsidies at every step of production.
“This industrial policy is incredibly effective for the CCP. It’s how the CCP jump-started its entire electric vehicle industry. And they’re now flooding the rest of the world with cheap EVs.”
“Yes, these are all things that other countries do, too. But no one does them on the same scale as the CCP. In 2019, the CCP spent almost $250 billion dollars on its industrial policy. That’s massive.”
“But it’s not just industrial policy. There are also ways China’s entire financial system distorts global trade. Like everything in China, the financial system is political. All banks in China are either state-owned or state-linked, so the CCP controls how they give out loans. Which means state-owned banks give lots of loans to state-owned enterprises, and to other companies the CCP wants to support. And if those companies can’t pay them back? The banks just keep extending the loans. Because it’s better to take the financial risk than to risk getting on the CCP’s bad side.”
“The CCP’s industrial policy and financial system is destroying the global trading system. More countries have stopped relying on the World Trade Organization to stop the CCP’s unfair trade practices. Instead, they’re putting their own tariffs on Chinese goods. Like Europe’s tariffs on China’s EVs. Or President Trump’s tariffs on China’s…everything.”
Then there’s China’s use of transshipping to other countries to get around tariffs and sanctions. “The US has had anti-dumping tariffs on Chinese honey since 2001. So Chinese exporters have tried to get around it with what’s called ‘honey laundering.'”
“So that’s how the CCP’s industrial policy, their financial system, and their export system are all designed to manipulate global trade. They’ve kept China’s economy going, while hurting other countries. Both advanced economies and developing economies are dealing with the fallout. But it’s gotten so bad, that the rest of the world has no choice but to fight back. Not just the US, but also Europe. And as a result, we may be watching the collapse of global free trade. And it’s the CCP’s fault.”
Also, Trump has the upper hand in the fight because China’s factories had already been closing left and right before he took office, due to rising labor costs and dwindling foreign customers. Here’s a China Observer video from 11 months ago speculating that 90% of Chinese factories might have to close.
And that was before Trump’s tariffs.
Trump is going to win his trade showdown with Xi because American has a much stronger economy than China, one that supports vastly higher domestic consumption, and because he holds all the cards.
Are Trump’s tariffs working? Falling stock prices and gloom and doom MSM posts may suggest otherwise, but there’s a growing body of anecdotal evidence that suggests the tariff announcement already has a host of foreign nations eager to make a deal to eliminate tariffs.
So right now, let’s say: Maybe
First up, a whole lot of countries seem eager to strike trade deals with the Trump Administration. “More than 50 countries have reached out to the White House to negotiate on tariffs, Kevin Hassett, the White House’s national economic council director, said on Fox News on Monday.”
The European Union has offered the United States an agreement on the reciprocal lifting of all tariffs on industrial goods, European Commission President Ursula von der Leyen announced on Monday, days before 20% tariffs on EU exports enter into force.
“Europe is always ready for a good deal, so we keep it on the table,” von der Leyen told reporters in Brussels.
The EU remains ready to negotiate a solution despite US President Donald Trump’s tariff decisions, she said, after an exchange with representatives from the steel and metals industries.
The US imposed tariffs of up to 25% on imports of steel, aluminium and related derivative products from the EU and other trading partners in March.
Note that agricultural products weren’t mentioned. I’m guessing that will be a sticking point for the Trump Administration.
Then there’s Vietnam, which says it’s ready to eliminate all tariffs.
Confirming that Trump’s “dealmaking” was about to shine, on Friday Trump posted on his Truth Social account, announced that he had a “very productive” call with the head of the Vietnamese communist party, adding that if Vietnam wants to cut their tariffs to “ZERO”, all they have to do is “make an agreement with the U.S.”…
Fast forward just one day, and we have an example of the first official capitulation by a trading counterparty as Bloomberg reports that Vietnam has offered to remove all tariffs on US imports after Donald Trump announced a 46% levy on the Southeast Asian nation, according to an April 5 letter from Vietnam’s communist party.
The offer was made by party chief To Lam to the US president in a letter that was seen by Bloomberg. In the letter, Lam requested that the US not apply any additional tariffs or fees on Vietnamese goods and asked to postpone the implementation of the tariff announced by Trump last week by at least 45 days after April 9.
The letter confirms comments made by Trump on Friday on his Truth Social network, following a call between the two leaders. Vietnam, which has increasingly become a key manufacturing and export alternative to China, was slapped with one of the highest tariff rates worldwide last Wednesday.
Expect all the companies profiled as the biggest casualties from the Vietnam tariffs to soar, as the market realizes that for all the posturing, Trump’s tariffs were just that: a negotiating chip to minimize trade barriers against the US, which as Vietnam so aptly demonstrated, are now well on their way out.
Also coming to the table: Taiwan.
In addition to the news about Vietnam bending the knee, The Epoch Times’ Jacob Burg reports that Taiwan’s President Lai Ching-te on April 6 said his nation would offer zero tariffs and no retaliation as the start of negotiations with the United States while vowing to remove trade barriers.
Lai said Taiwanese companies will also increase their investments in the United States. The comments were made in response to sweeping import tariffs announced by President Donald Trump on April 2. Taiwan has a trade surplus with America and will see a 32 percent tariff on its imports into the United States.
The new tariffs do not, however, affect semiconductors, one of Taiwan’s largest exports.
It’s less than a week since Trump’s announcement, and a whole lot of countries seem extremely eager to make a deal and remove tariffs on American goods. Trump has long been hailed as a master negotiator, and one of his main tactics to to directly threaten one of the most precious things the other side has in order to bring them to the table to make a deal.
As far as retaliatory tariffs from other countries, there’s a lot of muttering, but evidently only China has threatened an immediate 34% tariff, and Trump is threatening another 50% tariff on China on top of the previous ones as a retaliation to the retaliation. Honestly, I don’t think Trump much cares whether China signs up to eliminate tariffs. China was already cheating so many ways on trade, and is obviously America’s greatest strategic rival, that Trump probably wouldn’t mind completely decoupling red China from the American trade system.
A feature, not a bug.
There are enough facets to that last point that it may be worth a separate post…
President Trump announced his tariffs on countries, especially those that tariff goods from the United States.
President Donald Trump on Wednesday imposed sweeping new tariffs on all imported goods and unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting that the move is necessary to combat trade imbalances and restore U.S. manufacturing.
“This is Liberation Day,” Trump said during a Rose Garden ceremony, holding up a printed chart of countries and their new tariff rates. “For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike.”
The tariffs, which he described as “reciprocal,” fulfill a key campaign pledge and are aimed at pressuring trade partners to lower their own barriers. The administration expects the new rates to remain in place until the U.S. narrows a $1.2 trillion trade imbalance recorded last year.
But the extensive list of tariffs also threatens to upend the U.S. economy, as many — but not all — economists say they amount to taxes on American companies that will be passed down to consumers.
Trump held up a chart while speaking at the White House, showing the United States would charge a 34 percent tax on imports from China, a 20 percent tax on imports from the European Union, 25 percent on South Korea, 24 percent on Japan and 32 percent on Taiwan.
The centerpiece of the announcement is a 10 percent universal baseline tariff on all imports, effective immediately. For instance, Chinese imports are now subject to cascading tariffs of 10, 20 and 34 percent, for a total of 54 percent.
In addition, Trump’s administration imposed country-specific reciprocal tariffs on nations it accuses of unfair trade practices — including India, Vietnam, and the European Union, in adding to China. The rates are calibrated at approximately half the rate those countries impose on U.S. goods.
For example, China, which Trump said charges 67 percent in tariffs on U.S. goods when factoring in non-tariff barriers, will now face a 34 percent reciprocal tariff under the new system, in addition to the 10 percent baseline tariff and the 20 percent tariffs already in effect. Vietnam, assessed at 90 percent, will face a 46 percent tariff; India at 52 percent will now see 26 percent duties; and the EU, which imposes 39 percent, will be met with a 20 percent response, according to the White House chart.
This is a “devil in the details” issue that has a lot of ramifications depending on how the directives are written. But several of those countries are big players in semiconductors, so here’s a quick and dirty look at winners and losers if those tariffs stay in place a significant amount of time.
The main countries here, along with the reciprocal tariffs being applied to them:
Taiwan (32%)
South Korea (25%)
China (34%)
European Union (not a country, but they play one on TV) (20%)
Japan (24%)
Singapore (10%)
Israel (17%)
Save a few smaller, older fabs here and there, that’s pretty much 99% of semiconductor manufacturing, though Vietnam (46%) and the Philippines (17%) do a lot of semiconductor package assembly work, and the tariffs may apply to them, depending on wording.
So let’s look at the business Losers and Winners in the space. (Note: You might find this post useful, as it defines some of the semiconductor industry terms used here.)
Losers
TSMC: As the world’s biggest and most important chip foundry, the Taiwanese tariffs will hit TSMC hard. Their U.S. fab in Arizona isn’t ready for production yet, so all their chips will (theoretically) get hit with tariffs, assuming Trump doesn’t grant them a waiver because they’re already constructing a plant. But if they do go into effect, possibly even more heavily impacted will be:
TSMC customers, including Apple, Nvidia and AMD. All three get their very highest-end, cutting edge, sub-10nm chips fabbed there. For Apple, the M-series and A-series chips made there form the heart of all their Macs and iPhones. Likewise, Nvidia gets its highest end GPU/AI/etc. chips fabbed by TSMC. AMD’s most powerful CPU’s are also fabbed by TSMC, though some lower end chips are made elsewhere (like GlobalFoundries).
Tokyo Electron: Japan’s biggest semiconductor equipment manufacturer assembles pretty much all their equipment in their home country. 24% tariffs may make their equipment uneconomical compared to rivals Applied Materials and LAM Research.
South Korean DRAM manufacturers Samsung and SK Hynix: 25% tariffs will definitely impact sales in a market segment whose overall margins (robust in booms, and barely breaking even during busts) are thinner than others.
Every American electronics company that uses DRAM. Which is pretty much every American electronics company.
Every American AI boom company. Their data center costs are going up, while those of their foreign competitors are not.
Korean flat panel display manufacturers Samsung and LG Semicon, who between them control over 50% of the market.
Every American TV and monitor manufacturer, the vast majority of which have their devices manufactured overseas.
UMC: They’d fallen woefully behind TSMC for foundry work, and they won’t be winning much additional American business now.
Every company trying to build a sub-10nm fab in the U.S., as steppers from Netherlands-based ASML just got more expensive and the competition to obtain them might have increased.
Pretty much every fab in China just got more screwed…but they were pretty screwed (and trailing badly) before.
American fabless chip startups: Their costs for getting chips to market probably increased.
Winners
Applied Materials, LAM Research and KLA Tencor. Buying competing Tokyo Electron equipment just got more expensive, and a bunch of companies now have incentives to build fabs in America.
Intel: Assuming they’ve finally got their process technology sorted out (a big if), they’re well-positioned to take CPU market share from AMD and to grow their under-performing foundry business.
Micron (sort of): As the only American DRAM manufacturer, they can probably earn more per each chip produced domestically. But Micron has a lot of overseas fabs these days, and building new domestic DRAM fabs will take years.
GlobalFoundries: The costs of their global competitors just increased, so they can probably win more business for their domestic foundries…if they have the available wafer starts. But they have a lot of foreign fabs as well.
Samsung‘s US foundry business. Presumably the wafer starts for their Austin and Taylor fabs will see increased demand.
Maybe Texas Instruments, but I’m not sure how much mixed-signal and analog competition they have, and that’s their bread and butter.
Neutral
ASML: Being in the Netherlands and having TSMC as their biggest customer, you figure they’d be hurt, but no. You can’t get EUV steppers from anyone else, and I get the impression they’re building EUV steppers as fast as they possibly can already. Anyone building a cutting-edge fab will just have to pay more to get them.
Tower Semiconductor: Half their foundries are in Israel and half in the U.S., so I figure it’s a wash.
That’s my quick and dirty analysis. Of course, Trump is using tariffs like a battering ram to smash foreign tariffs, and if he’s immediately successful, there probably will only be minor hiccups in the global supply chain. But if not, a whole lot of disruption might lie ahead, and it usually takes a minimum of 3-5 years to bring a new fab online.
