Posts Tagged ‘Trade War’

Trump’s Not The Only One Slapping Tariffs On China

Thursday, May 8th, 2025

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.

How Trump’s Tariffs Are Crushing China

Saturday, April 12th, 2025

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.

(Hat tip: Instapundit.)

Kevin O’Leary says that 104% tariff on China simply isn’t high enough.

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.

    LinkSwarm For April 11, 2025

    Friday, April 11th, 2025

    I hope your taxes are finished, or at least in the home stretch. Mine are done but not mailed out yet. I made so little last year that I’m getting every cent I sent in back, pitiful though it is.

    This week: The Supreme Court hands Trump two victories, more progress in the war against illegal aliens, a trade war reprieve for everyone but China, Jasmine Crockett seems to think illegal aliens pick cotton, Tim Walz proves he’s still a putz, and after 72 years, police finally arrest an infamous Mexican bandit!

    It’s the Friday LinkSwarm!

  • “Supreme Court Allows Trump Administration to Fire Thousands of Federal Workers.”

    The Supreme Court is allowing the Trump administration to move forward with its plans to fire thousands of probationary federal employees, overturning a lower court order preventing the terminations.

    The Supreme Court lifted an injunction Tuesday from a California federal court barring the Trump administration from firing employees across six federal agencies. The lower court order came last month following a lawsuit from the American Federation of Government Employees, a powerful public sector union.

    “The District Court’s injunction was based solely on the allegations of the nine non-profit-organization plaintiffs in this case. But under established law, those allegations are presently insufficient to support the organizations’ standing,” the justices said in an unsigned ruling.

    Liberal justices Sonia Sotomayor and Ketanji Brown Jackson dissented from the court’s order. Sotomayor did not explain her reasoning, while Jackson said the Trump administration failed to demonstrate the urgency of the issue.

    Pink slip by pink slip, progress is made…

  • A quarter of IRS employees are about to get the axe.

    Nearly two months after a top Department of Government Efficiency (DOGE) official and support team arrived at IRS headquarters to investigate waste and fraud—aiming to streamline a bloated and corrupt federal bureaucracy—the Trump administration has begun a sizeable workforce reduction across the federal agency.

    Fox News reported late Friday evening that the IRS will begin laying off about 20,000 staffers — up to 25% of the workforce — on Friday and through next week.

    Most job cuts will center around the IRS Office of Civil Rights and Compliance, which protects taxpayers from discrimination, audits, and investigations.

    White House spokesperson Liz Huston told Fox News, “In a stark contrast to the previous administration’s wildly unpopular plan to hire thousands of additional IRS agents, President Trump is focused on saving tax dollars, eliminating bloat, axing useless DEI offices, and increasing the agency’s efficiency.”

    Here’s more from Fox:

    In addition to the layoffs, the agency said in a letter to employees that it is eliminating its Office of Civil Rights and Compliance, which is responsible for protecting taxpayers from discrimination, audits and investigations.

    . . .

    “This action is being taken to increase the efficiency and effectiveness of the IRS in accordance with agency priorities and the Workforce Optimization Initiative outlined in a recent Executive Order,” the letter states, referring to President Donald Trump’s executive order directing the Department of Government Efficiency to get rid of wasteful spending.

    The agency said it was approved to offer Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payment (VSIP). Information about those programs will be shared with employees at a later date, the message said.

    “This calendar year to date, approximately 5% of this office left through the Deferred Resignation Program and attrition,” the message said. “An additional 75% of the office will be reduced through a RIF (Reduction in Force).”

    A Treasury Department spokesperson told Fox News, “The rollback of wasteful Biden-era hiring surges and consolidation of critical support functions are vital to improving both efficiency and quality of service. ” The spokesperson added, “The Secretary is committed to ensuring that efficiency is realized while providing the collections, privacy, and customer service the American people deserve.”

  • “DOGE Official: More Than One Million Migrants On Medicaid, Thousands On Voter Rolls.”

    An official with the Department of Government Efficiency (DOGE) said that millions of migrants are currently receiving taxpayer-funded Medicaid benefits while thousands are on voter rolls across the country and are illegally voting in American elections.

    DOGE official and equity firm CEO Antonio Gracias said that migrants have obtained Social Security cards after being released into the interior of the country with a notice to appear in immigration court, with court dates scheduled an average of six years after their release.

    “So now you’re in the country with some quasi-legal status, you’re waiting for your court date … you can fill out an asylum application,” Gracias explained during a recent appearance on the “All In” podcast, which featured Daily Wire host Ben Shapiro. “Once that application is in, you can file another form, a 765 to get work authorization, once you get that, you get a 766, which is the authorization and we automatically send you a Social Security card in the mail.”

    With access to Social Security cards, Gracias says, over a million migrants have been able to receive Medicaid benefits. “We mapped this through the benefit programs, we found every benefits program that is being accessed by these people, 1.3 million are on Medicaid right now, today,” Gracias said.

    He went on to explain that thousands of migrants have been found on voter rolls as well, also asserting that the Democratic Party opened the border in order to import new voters.

    “We looked at voter rolls and we found that thousands are registered to vote in friendly states. And we looked even further in those friendly states and found that many of those people had actually voted. It was shocking to us,” Gracias explained. “I think this was a move to import voters.”

    “This doesn’t include the 7.8 million that ICE has that have come in illegally that we know are here and all the people who are here illegally who we don’t know are here,” he explained.

    DOGE is uncovering illegal aliens and massive fraud. It’s easy to see why Democrats are upset…

  • The Supreme Court also gave Trump the greenlight to use the Alien Enemies Act to deport illegal aliens.

    The Supreme Court on Monday lifted a federal judge’s order that once blocked the Trump administration from using the Alien Enemies Act of 1798 to deport suspected members of a Venezuelan gang to El Salvador.

    In a 5–4 majority opinion, the Supreme Court handed President Donald Trump a major victory against legal challenges regarding his mass deportation agenda. The decision allows Trump to continue invoking the Alien Enemies Act to accelerate the removal of illegal immigrants believed to be in Tren de Aragua.

    The nation’s highest court, however, noted that the administration should give immigrants it seeks to deport “reasonable time” to challenge their removal from the U.S. in court. Those legal challenges must take place in Texas, where the detainees are held, and not Washington, D.C., the conservative majority ruled.

    “The notice must be afforded within a reasonable time and in such a manner as will allow them to actually seek habeas relief in the proper venue before such removal occurs,” the ruling states. “The detainees subject to removal orders under the [Alien Enemies Act] are entitled to notice and an opportunity to challenge their removal.”

  • “Trump Plans to Withhold All Federal Funding From Sanctuary City ‘Death Trap.'”

    President Donald Trump announced Thursday that his administration is finalizing plans to withhold all federal funding for sanctuary cities and states that provide safe harbor to illegal aliens.

    “No more Sanctuary Cities! They protect the Criminals, not the Victims,” Trump posted on Truth Social. “They are disgracing our Country, and are being mocked all over the World.”

    On his first day in office, Trump signed the “Protecting the American People Against Invasion” executive order laying out a framework to strictly enforce the nation’s immigration laws and “prioritize the safety, security, and financial and economic well-being of Americans.”

    In the E/O, Trump authorized the Attorney General and the Secretary of Homeland Security to “evaluate and undertake any lawful actions” needed to ensure sanctuary jurisdictions across the U.S. are not receiving federal funds.

    Now, it appears Trump is ready to drop the hammer on these Democrat strongholds.

    “Working on papers to withhold all Federal Funding for any City or State that allows these Death Traps to exist,” the president said in his post.

    Sanctuary jurisdictions are states, counties, or cities that refuse to cooperate with federal law enforcement agencies seeking to deport criminal illegal aliens.

    There are about a dozen states and hundreds of cities across the US that consider themselves “sanctuaries” for illegals.

    The House Judiciary Subcommittee on Immigration Integrity, Security and Enforcement held a hearing Wednesday to address the issue, titled “Sanctuary Jurisdictions: Magnet for Migrants, Cover for Criminals.”

    Republicans contended that sanctuary cities have been an impediment to the mass deportations the Trump administration has prioritized in its first 100 days of office.

    But Democrats defended Sanctuary Cities, arguing that trust between local law enforcement and the community erodes when the police comply with Immigration and Customs Enforcement (ICE).

    In his opening statement, Subcommittee Chairman Rep. Tom McClintock (R-Calif.) argued that the strong measures were necessary after Democrats deliberately trafficked over eight million unvetted illegal aliens into the country, “including some of the most dangerous, vicious criminals and cartel members in the world.”

    “Congress must enact stronger laws that will prevent a future Joe Biden from ever again placing our families at risk, and that will stop today’s Democratic politicians from impeding the enforcement of our immigration and public safety laws,” said McClintock stated.

  • The usual talking heads said that Trump was going to trigger higher inflation (higher, that is, than the Biden inflation they’d been taking such pains to hide). Reality: Not so much. “CPI Shows 12 Month Inflation Rate at 2.4%; Lowest Core in 4 Years.”
  • ICE deport criminal illegal alien for the 40th time. “Julian Estrada-Garcia, 36, has four convictions for illegal entry and convictions for driving while intoxicated, possession of illicit narcotics, and fraud.” Just the sort of people Democrats are working so hard to keep us from deporting…
  • SAVE voter integrity act passes the House.

    The U.S. House of Representatives has passed Rep. Chip Roy’s (R-TX-21) Safeguard American Voter Eligibility (SAVE) Act, which would require proof of American citizenship to register to vote in federal elections.

    The SAVE Act would require states to verify U.S. citizenship and identity through documentary proof in-person when an individual registers to vote in federal elections, regardless of the registration method. Additionally, it requires states to remove “non-citizens” from voter rolls.

    “The American people have spoken very clearly that they believe only American citizens should vote in American elections. There’s nothing controversial about that,” Roy said on the floor before the vote.

    “This legislation is designed to restore that faith, to save our elections, to save election integrity,” he added.

    The U.S. House passed the SAVE Act 220 to 208, with four Democratic members voting in favor of the legislation — one of them being Rep. Henry Cuellar (D-TX-28). No Republicans voted against the bill.

    A Gallup poll from October 2024 found that 84 percent of respondents are in favor of requiring voters to provide photo identification at voting locations, and 83 percent favor requiring proof of citizenship to register to vote.

    What do you know, another 80/20 issue Democrats are on the wrong side of. Of course, they’re lying about the SAVE Act, so if you see misinformation about it on facebook, ask them where in the ext of the bill itself do they see the nonsense they’re peddling.

  • “Trump Announces 90-Day Pause on Reciprocal Tariffs for Negotiating Countries, Hits China with 125 Percent Rate.”

    President Donald Trump announced Wednesday that he is implementing a 90-day pause on retaliatory tariffs for countries that have come to the negotiating table, while raising tariffs on China to 125 percent following Beijing’s latest retaliatory levies.

    Trump stated on Truth Social that he is lowering the retaliatory tariffs he unveiled earlier this week for the “worst offenders” to the baseline rate of 10 percent after more than 75 nations expressed a willingness to negotiate new trade deals with the U.S. He vowed not to raise rates on those countries for 90 days while negotiations proceed.

    “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump posted.

    “Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump added.

    Stocks immediately surged upon Trump’s announcement with each of the three major indexes jumping by over 7 percent. The Dow Jones and S&P 500 saw their biggest gains in five years, and the tech-oriented Nasdaq jumped over 10 percent. Wall Street had been reeling since last week when Trump announced a dramatic global tariff package consisting of a 10 percent minimum tariff and much higher tariff rates for many countries worldwide.

    Golly, It’s almost like Trump knew what he was doing and planned something like this all along, integrating both carrot and stick in his negotiating strategy. And it’s almost like China is on the outside looking in as Trump wins lower rates for American goods, accomplishing the decoupling of America from China and more firmly cementing other nations in America’s sphere of influence rather than China’s.

    A whole lot of promising return for one week of work…

  • Along those lines, the White House says more than 15 countries have made trade deal offers.
  • Trump Has Xi and China Over a Tariff Cliff—Right Where He Wants Them.”

    This week, President Trump instituted a 90-day pause on reciprocal tariffs for the nations that are clearly interested in coming to the negotiating table to make deals more fair to the United States. The reality is brutally simple: America holds all the cards.

    “What’s the largest consumer market on Earth? The United States,” Kevin O’Leary noted this week. “Almost 40% of all goods consumed worldwide. What’s the largest GDP? 25 or 26% of the world? The United States of America. China needs the United States.”

    Even our top competitor in the global market, China, needs us more than we need them.

    During a recent appearance on “The Ingraham Angle,” investor Chamath Palihapitiya laid out a stark picture of China’s economic fragility, arguing that the ongoing tariff standoff gives the United States far more leverage than Beijing wants to admit.

    “Even the Chinese economists are admitting that the tariffs are gonna hurt China a lot more than the United States,” Ingraham said, pointing to growing concern within China itself. She quoted one Chinese economist who conceded, “The impact on China is mainly that Chinese products have nowhere to go. These companies will be hit very hard.”

    Palihapitiya agreed, saying Americans routinely underestimate just how dire China’s economic outlook has become. “Together, America and China represent almost half of world GDP,” he explained, “but underneath the covers, what we keep forgetting time and again is America is the market that matters.”

    He pointed to a series of structural problems dragging China down, including its rapidly aging population, tightening restrictions on foreign investment, and unreliable intellectual property protections. “Foreign investment in China has fallen off of a cliff,” Palihapitiya noted, painting a picture of a nation increasingly isolated and economically vulnerable.

    This tariff cliff is precisely what America needs to force real change.

    China’s economic trajectory, he warned, is far from sustainable. “They have a very difficult economic forecast if they shrink,” he said. “When you look at the China case, they’re in a worse position than we are, which is why they have to sort of come to the negotiating table now and figure out some reasonable thing.”

    Palihapitiya added that President Trump understands this imbalance well. “I think this is what President Trump was alluding to when he said, ‘They want to come to the table, and they don’t quite know how.’”

    With China’s economy teetering on the brink, the United States is in a far stronger position than most so-called experts ever imagined—and President Trump is wasting no time seizing the advantage.

    (Hat tip: Stephen Green at Instapundit.)

  • “The Middle Eastern Children’s Alliance (MECA), a California nonprofit that designs K–12 curriculum material, has fiscal and personnel ties to U.S.-designated foreign terrorist organizations, according to a new report by the Network Contagion Research Institute (NCRI).

    “Our investigation of MECA has yielded evidence suggesting it holds fiscal and personnel ties to US designated foreign terrorist organizations, chiefly the Popular Front for the Liberation of Palestine (PFLP), alongside a host of extremist anti-government actors based in the United States,” reads the report by the NCRI, released on Monday.

    MECA states on its website that it has sent more than $31 million in aid to children in “Palestine,” Iraq, and Lebanon since 1988. The nonprofit further purports to provide financial and professional assistance to community organizations in the West Bank and Gaza, fund university scholarships for Palestinians, and develop educational programs about the Middle East. MECA states that its “founding advisors” include Noam Chomsky, Angela Davis, Edward Said, and Maxine Waters.

    The supposedly humanitarian organization has expressed its support for violence against Israel. The day after October 7, MECA declared its support on social media for the attack: “We are witnessing the people of Gaza rising up to respond to decades of Israeli settler colonial violence. The US [government] bears responsibility for its political, economic & military support of this brutal apartheid regime. Join us to stand in solidarity with Palestine.”

    The NCRI report identifies deeper relationships between MECA and the Popular Front for the Liberation of Palestine (PFLP), which has been a designated foreign terrorist organization since 1997 and participated in the October 7 attack on Israel.

    MECA’s current director of Gaza projects, Dr. Mona El-Farra, previously served as the deputy director of the Union of Health Work Committees, which was recognized as the “health organization” of the PFLP in a 1993 USAID report. In 2014, El-Farra was reportedly denied an exit visa by Israel for “security reasons.” El-Farra and Barbara Lubin, MECA’s founder and current executive director, have both met with Leila Khaled, who joined the PFLP when it was founded in 1967 and became the first woman to hijack a plane.

    A media advisory released by MECA in 2011 listed Leena Al-Arian as its communications coordinator. Al-Arian is the daughter of Sami Al-Arian, a Palestinian Islamic Jihad terrorist who was sentenced to 57 months in prison for “conspiring to violate a federal law that prohibits making or receiving contributions of funds, goods or services to, or for the benefit of the Palestinian Islamic Jihad (PIJ).”

    I think it’s far safer to assume that every middle eastern or Islamic charity raising money for “the children” is actually buying weapons for terrorists or lining the pockets of jihadis. But I’m cynical that way…

  • “Journalist Matt Taibbi is suing Rep. Sydney Kamlager-Dove for libel, after the California Democrat claimed during her opening remarks in a House Foreign Affairs Subcommittee hearing on Tuesday that he’s a ‘serial sexual harasser.'” Juding from that picture, I can only assume that Kamlager-Dove has never been on the receiving end of sexual harassment…
  • Rep. Jasmine Crockett (D-ranged) evidently thinks that illegal aliens pick cotton. Eli Whitney died in vain. (Though it wasn’t until John Rust invented an improved picker that manual cotton picking finally died out after World War II.)
  • “Judge Rejects California’s Attempt To Block City’s Voter ID Law.” Score one for Huntington beach.
  • “Fairfax County School Board Member Embezzled Corporate Funds For Strip Clubs And Campaign, Lawsuit Says. Democrat Kyle McDaniel is the budget chair for the $4 billion Virginia school district.” You may remember Fairfax from such hits as “Fairfax, Virginia Schools May Expel Elementary Students For ‘Misgendering’ People” and “Let’s sue parents for publishing our misdeeds.”
  • Follow-up: “Collin County Residents Reject Planned Islamic ‘City‘. County Judge Chris Hill said he ‘cannot support’ the proposed EPIC City project.” (Previously.)
  • THIRD Huntsville ISD Teacher Arrested for Sex Crime in Three Weeks. Lauren Rudolph was a dyslexia teacher and cheer coach at Huntsville High School.” Looks like whoever has been vetting teachers there has a lot of ‘splaining to do…
  • Live in Chicago? Enjoy having police do nothing about gangs of thieves who target drivers with aggressive parking scams.
  • Remember those pro-Hamas UT students arrested a while back? Well, a number of foreign students at Texas and Texas A&M their student visas revoked.
  • Tim Walz gets a savage heckling from veterans at the Minnesota state capital. Say what you want about Hillary’s losing Veep pick Tim Kaine, but he wasn’t a weirdo who didn’t know when to get off the stage and slink back into relative obscurity.
  • The Nanny State’s war on children continues apace. “California bill could ban children as old as 16 from sitting in the front seat.”
  • Texas Supreme Court Justice Jeff Boyd Won’t Seek Third Term.”
  • Evidently made jealous by Amazon ruining J.R.R. Tolkien, Netflix decided to ruin C. S. Lewis. “Netflix offered Meryl Streep the role of Aslan in new ‘Chronicles of Narnia’ movie.”
  • A dozen Texas Dairy Queen locations have closed in the last week.” Including one in Pflugerville. Seems to be a dispute between corporate and the particular franchisee.
  • Gina Carano Wins Big Against Disney in Lawsuit Discovery Battle—Judge Orders Disney to Hand Over Actor Pay Records Within 20 Days.”
  • Good news, everyone! They finally arrested Speedy Gonzalez!
  • Hoovie makes a six figure error calculating the capital gains costs of trading in a Lamborghini Countach for a lease-to-buy Bugatti Veyron. Offered here as a public service for all my viewers leasing a Bugatti Veyron…
  • The MST3K cast reflects on the infamous Manos: The Hands of Fate.
  • Protesters Demand Government Waste.”
  • “Democrats Worried Trump May Not Have China’s Best Interests At Heart.”
  • “Financial Advisor Announces It’s Time To Panic, Urges Clients To Make Hasty, Emotional Decisions.”
  • “Dire Wolves Extinct Again After New Dr. Fauci Experiments.”
  • Teambuilding!

    (Hat tip: Ace of Spades HQ.)

  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    LinkSwarm For April 4, 2025

    Friday, April 4th, 2025

    Leftwing crooks attempt to cover their tracks, employment numbers are up, Trump’s tariffs already bring some quick action, Eric Three Phones beats the wrap, the criminal leftwing racketeers lined up against Telsa, and Tren de Aragua scumbags show up well the hell out in the countryside.

    It’s the Friday LinkSwarm!

  • A follow-up to an item in last week’s LinkSwarm: “Musk: U.S. Institute of Peace Attempted to Delete One Terabyte of Financial Data to ‘Cover Their Crimes.'”

    U.S. Institute of Peace (USIP) officials attempted to delete one terabyte of financial data to “cover their crimes,” Department of Government Efficiency (DOGE) Chief Elon Musk alleged Monday.

    After President Donald Trump signed an executive order last month targeting USIP for reductions, DOGE visited the organization’s Washington headquarters, prompting a dramatic standoff.

    Prior to DOGE’s arrival, USIP employees reportedly barricaded themselves inside their offices and had to be physically removed by Metropolitan Police Department (MPD) officers. At some point, USIP employees allegedly attempted to scrub damning records, but, according to Musk, the DOGE engineers were able to recover the entire archive.

    “They deleted a terabyte of financial data to cover their crimes, but they don’t understand technology, so we recovered it,” Musk posted on X.

    The recovered data includes detailed financial transfers tied to individuals and groups in Afghanistan and Iraq.

    USIP was receiving “$55M in congressional (taxpayer) funds” every year, the DOGE X account posted, adding that “prior management would sweep excess funds into its private Endowment” which has no congressional oversight.

    “In the past 10 years, USIP has transferred ~$13M to its private Endowment, mainly used for private events and travel,” DOGE posted on X.

    USIP contracts cancelled by the Trump administration, according to DOGE, include:

    – $132,000 to Mohammad Qasem Halimi, an ex-Taliban member who was Afghanistan’s former Chief of Protocol.
    – $2,232,500 to its outside Accountant, who attempted to delete over 1 terabyte of accounting data (now recovered) after new leadership entered the building
    – $1,307,061 to the Al Tadhamun Iraqi League for Youth
    – $675,000 for private aviation services

    Mohammad Qasim Halimi is the former Minister of Hajj and Religious Affairs in Afghanistan, according to the Doha forum. He is currently a member of the National Council of Ulema, the highest religious authority in Afghanistan. The National Council of Ulema is responsible for ensuring that all Afghan policies conform to Sharia law.

    The Al Tadhamun Iraqi League for Youth is a United Nations Democracy Fund (UNDEF) project that allegedly “works to strengthen youth participation in democratic processes” by “building a network of young activists to develop skills in leadership, negotiation and communication.”

    According to Foundation For Freedom Online (FFO) director Mike Benz, USIP had been “bribing Afghan Taliban warlords to keep the drugs flowing.”

    So graft, fraud, wire fraud, banking fraud, destruction of evidence, and supporting terrorism, all at the same time!

    No wonder they were trying to hide it…

  • US Payrolls Unexpectedly Soar To 228K, Above Highest Estimate.” Faster, please.
  • Trump’s tariffs are already bringing results. “Israel removes all remaining tariffs on US imports. Israel and the US signed a free trade agreement in 1985, and some 98% of goods are tax-free.”
  • Why Trump will win the tariff standoff.

    When Collins pressed him on whether such escalation could turn into a full-fledged trade war, [Treasury Secretary Scott] Bessent dismissed the idea. “Not a trade war. Depends on the country,” he said, before explaining that history favors the United States in such disputes.

    “Remember that the history of trade is, we are the deficit country. The deficit country has an advantage,” he explained. “[The others] are the surplus countries. The surplus countries traditionally always lose any kind of a trade escalation.”

    His message to foreign governments was clear: Acting hastily would be a mistake. “As a student of economic history or a professor of economic history, I’d advise against it,” he said. When Collins sought further clarification, he reinforced the point: “I would say that doing anything rash would be unwise.”

    Bessent’s remarks leave no doubt that Trump’s trade policies are rooted in historical precedent and strategic calculation. While globalists may panic, the Trump administration remains confident that America is in a stronger position than its trade partners. And history is on our side.

    Bessent’s message is clear: Trump knows exactly what he’s doing.

    Let’s hope so.

  • GM and Volvo announce that they’re already moving more production to the U.S.
  • One description of what Trump’s tariff strategy hopes to achieve.

    We absolutely want a strong economic and security alliance. It’s not going to be the whole world because China is going to have its own sphere as well, but what we wanna have within our sphere is a few things in the past the United States didn’t exactly ask for.

    We’re going to want balanced trade, where in the past we were happy to let the manufacturing go elsewhere. We’re going to want others to essentially own their own defense burdens … everybody take primary responsibility for their own defense.

    Snip.

    It’s not that Trump doesn’t want free trade, it’s that free trade doesn’t exist right now for the American people. It only exists in the starry-eyed fever dreams of Reaganite commentators who think that’s how the world actually works.

    “Reaganite” is the wrong word here, since Reagan’s trade strategy was specifically geared to help win the Cold War, which it did. Nor was Reagan a zero tariff fundamentalist, as shown by his policies on automobiles and steel. Zero tariff fundamentalism is more of a libertarian policy, where it was postulated to be beneficial even if the other side (like China) didn’t remove tariffs on their end. Trump obviously operates under different imperatives, and employs (as I’ve noted before) tit-for-tat game theory strategy.

    And if we’re talking about the Democratic Party’s theoretical conversion to post-Cold War free trade starting with Bill Clinton, then the proper term is probably neoliberalism, a word that bears a whole lot of additional baggage.

    Exports made by Americans are taxed by other countries while we let them import their cheap products for essentially free, giving Americans price cuts but making it impossible for American companies to compete unless they outsource production elsewhere. That is exactly what has happened over the last few decades and it has destroyed countless American towns.

    Trump’s whole schtick is to impose economic tit-for-tat in the hopes that other countries will drop their tariffs on U.S. goods. In that case, we actually get closer to free trade. It also allows us to invest in American manufacturing because we cannot rely on rising superpowers like China for all our industrial needs.

    Whether or not that strategy works is up for debate.

  • “Sen. Mike Lee Introduces Legislation to Ditch the TSA: ‘Too Much Groping, Too Little Benefit.'”

    The proposed measure would officially abolish the TSA three years after it is enacted into law and also would require the Departments of Homeland Security and Transportation to create and submit a reorganization plan to Congress.

    Tuberville echoed the frustrations expressed by Lee, calling the TSA “a bloated agency—riddled with waste, fraud, and abuse of taxpayer dollars—that has led to unnecessary delays, invasive pat downs and bag checks, and frustration for travelers.”

  • Inside the leftwing NGO network pushing Tesla Takedown.

    As we first pointed out on Sunday morning, former Wall Street Journal journalist Asra Nomani unveiled one of the most comprehensive reports on the NGO network behind at least one Tesla Takedown protest.

    Nomani’s investigative report, which focused on 24 groups, revealed that these protests were far from organic and likely fueled by rent-a-protesters.

    Snip.

    In an article for the @FairfaxTimes, I wrote about how the local protests in Tysons, are a window into how the protests are AstroTurf, not “grassroots.” What this case reveals is the way that a multi-million dollar professional protest industry manufactures outrage in top-down political theater, agitprop, or agitation propaganda, and now criminal offenses.

    From a spreadsheet linked in that article, here are the NGOs behind the attacks:

    • 50501
    • ActionNetwork
    • Action Network Fund
    • ActUp New York Inc., ACT UP New York, the “AIDS Coalition To Unleash Power”
    • Climate Defenders
    • Climate Defenders Action Fund
    • Arizona – Coconino County Democratic Party
    • California – Aliso Niguel Democratic Club
    • California – California Democratic Party
    • California – Democratic Club Of Carlsbad
    • Florida – Broward County Democratic Party
    • Florida – Democratic Progressive Caucus of Palm Beach County Inc.
    • Florida – Osceola Young Dems
    • Florida – Rainbow Democrats of Central Florida
    • Illinois – Democratic Party of DuPage County
    • North Carolina – Durham County Democrats
    • Ohio – Eastside Cuyahoga Democratic Clubs
    • Texas – Harris County Democratic Party, Cypress-Tomball Democrats
    • Democratic Socialists of America
    • Disruption Project
    • Housing Works Inc., providing “assistance & expertise to homeless persons living with AIDS or HIV-related illnesses”
    • Indivisible Action
    • Indivisible Project
    • Mobilize.us, run by MobilizeAmerica Inc. – owned by EveryAction, the parent company of NGP VAN
    • MoveOnorg Civic Action
    • Not Above the Law Coalition — Coalition members as of 6/9/2023: American Oversight; Center for American Progress Action Fund; Citizens for Responsibility and Ethics in Washington (CREW); Common Cause; Congressional Integrity Project; Constitutional Accountability Center; The Criminalization of Poverty Project at the Institute for Policy Studies; Daily Kos; Defend Democracy Action Project; Defend the Vote Action Fund; DemCast USA; End Citizens United/Let America Vote; Fix Democracy First; Free Speech For People; Greenpeace USA; Indivisible; J Street; League of Conservation Voters; MoveOn; NextGen America; Our Revolution; People For the American Way; People Power United; Public Citizen; Public Wise; Secure Elections Network; Sierra Club; Stand Up America; Wisconsin Democracy Campaign; and The Workers Circle. SOURCE: press release
    • Planet Over Profit
    • Public Citizen Foundation
    • Public Citizen Inc.
    • Rise and Resist Inc.
    • Stand Up America Inc., established to “mobilize progressive Americans”
    • Swing Left, dedicated to “help Democrats win”
    • Tax Reformers LLC, running “TaxElon.us” (“an offshoot of TeslaTakedown.com”)
    • Third Act Initiative Inc.
    • Troublemakers
    • Voices Ignited
  • One of the bigwigs in the “Tesla Takedown” movement is none other than Disniformation Queen Nina Jankowicz.

    On Tuesday morning, former Biden administration “disinformation czar” Nina Jankowicz repeatedly refused to disclose who’s funding her new gig – the ‘American Sunlight Project’ – which cropped up after a stint at the USAID-funded UK-based Centre for Information Resilience (CIR) – for which she registered as a foreign agent while serving as their Vice President.

    To review – Jankowicz, who previously served as a disinformation fellow at the Wilson Center, advised the Ukrainian Foreign Ministry as part of the Fulbright-Clinton Public Policy Fellowship, and was then selected to head the Biden DHS’s newly formed Disinformation Governance Board – which was quickly dismantled amid criticism over censorship under the guise of fighting disinformation.

    Four months later, she launched “The Hypatia Project” for CIR – where she was the Vice President until April 2024, at which point she co-founded the American Sunlight Project.

    Fast forward to this morning, Jankowicz was evasive when asked by Republicans during a congressional hearing on disinformation about her funding…

    As it turns out, Jankowicz’s co-founder at the American Sunlight Project is Carlos Alvarez-Aranyos, a “communications professional” who worked for the Biden DoD, and is “one of the people who launched the call for a boycott of Tesla.”

    Alvarez-Aranyos comes from a wealthy and prominent family in the Dominican Republic. His father, Luis Álvarez Renta, is a well-known Dominican financier. Carlos is a nephew of the renowned fashion designer Oscar de la Renta.

  • A mixed bag in April 1st elections. Republicans easily retained two congressional seats in Florida and won a voter ID ballot proposition in Wisconsin, but lost a Wisconsin Supreme Court race that Elon Musk and others had poured a lot of money into.
  • Democrats are suing Trump over limiting voting to U.S. citizens.

    In a lawsuit against the Trump administration filed in Washington, D.C. federal court, the Democratic National Committee said Trump exceeded his authority in the March 25 order by requiring voters to prove they are U.S. citizens, preventing states from counting mail-in ballots received after Election Day, and threatening to take federal funding away from states that do not comply.

    Snip.

    ‘The Executive Order seeks to impose radical changes on how Americans register to vote, cast a ballot, and participate in our democracy — all of which threaten to disenfranchise lawful voters and none of which is legal,’ according to the lawsuit, which was filed by longtime Democratic election lawyer Marc Elias and other lawyers at his firm.

    U.S. Senator Chuck Schumer and U.S. Representative Hakeem Jeffries, the leaders of the Democratic minorities in the U.S. Senate and House of Representatives, respectively, are also plaintiffs in the case.

  • Democrats are still all in on transing your kids. “New Colorado bill would penalize ‘misgendering’ in public places, use it as justification to take your kids away.”
  • “Migrant influencer” who bragged about squatting in Americans’ homes is deported. “Leonel Moreno, who encouraged illegal migrants to ‘invade abandoned houses’ in sick TikToks, was sent back to the narco state [Venezuela] this week, after President Trump resumed deportation flights to the country.”
  • The economic policy of the Democratic Party is grifterism.

    Like the Politburo of the former Soviet Union, the words of Democrats often bear little resemblance to the actions their words embody. “Equity” is an excellent example, as when Democrats say “equity,” they really mean highly inequitable policy solutions. Sometimes, however, Democrats deliberately fail to coherently describe the meaning of their actions, and then it becomes even harder to ascertain meaning. Such is the case with the basic economic policies of Democrats. Many on the right like to say that Democrats support socialism, but that’s not wholly true given how many capitalist components exist inside Democrat economic policies. Similarly, it is inaccurate to describe Democrat economics as being purely capitalistic because wealth redistribution is one of their core competencies. Some say that the Democrats enjoy government control of capitalist entities, rendering their economic persuasion fascist in nature. Yet, even that is inaccurate, given that fascist states view their economies as a source of nationalistic pride and strength, while Democrats tend to abhor nationalistic pride in the United States.

    It’s not socialism. It’s not capitalism. It’s not fascism. What, then, is the overarching label that explains the economic policies and priorities of Democrats and their leadership?

    It’s Grifterism. (I did not invent that word, or at least that’s what Google tells me. However, I believe I am the first author to ever use that term to describe a formal system of national economic governance, so I’m going to run with it.)

    Grifterism is, as the name suggests, a system run by and for the benefit of grifters. Webster defines the verb “grift” as “to acquire money or property illicitly.” Grifters have always been a part of human society, but it took the 21st-century Democratic Party to turn the idea into a comprehensive economic system. The best way to understand this system is to analyze the four classes of citizens upon which Grifterism relies, and into which all American citizens are divided one way or another: Billionaires, Productives, Dependents and, of course, Grifters.

    Snip.

    4. The Grifters: Well, we’re finally here. By now, you probably have a pretty good idea of what the Grifters are up to, but let’s be clear that this class consists of more than just government workers. The Grifter class includes all of the intelligentsia: the university professors, the traditional journalists, the lobbyists, the Hollywood elite, the “BigLaw” attorneys, and, most of all, the NGO crowd. Further, not every government worker is a Grifter—the military, the police, the justice system, and many other government offices that provide what economists call “Public Goods” all house highly necessary government employees. (Those employees are not Grifters—they are Productives, but unfortunately, the overwhelming majority of government workers are in fact Grifters.)

    But let’s get back to the NGOs (a term I use in this article interchangeably with non-profit entities), as they reveal the true level of perfidy perpetuated by the Grifters. If you have been paying attention for the last two months, you are probably aware that DOGE and brilliantly relentless and patriotic volunteer data analysts like Data Republican have uncovered the widespread prevalence of U.S. federal agencies taking your tax dollars and using them to fund dubious efforts by various NGOs. This wicked grift cycle goes like this: (1) Taxpayers pay taxes required because Grifters establish programs that require funding; (2) Congress approves such funding in the vaguest possible terms of intent and appropriates those funds to a federal agency run by Grifters; (3) the Grifters in that agency interpret Congress’ intent in the broadest manner possible and provide funds to NGOs that employ other Grifters with six-figure salaries; and (4) that NGO then engages in some sort of woke cause such as training transgender farmers—a cause very few taxpaying voters would vote for if they only knew about it.

    The cycle of grifting prospers beyond just NGOs: the universities receive taxpayer funding to indoctrinate our youth; the lobbyists curry favor with the Grifters to improve their business opportunities; the journalists cycle in and out of government, spreading the Grifter ethos as truth; Hollywood pays homage to it all, infecting American brains with woke ideas that Grifterism is noble; the BigLaw attorneys become rich navigating the vast regulatory schemes that are the lifeblood of Grifterism, and the members of the Grifter class constantly cycle in and out of the various organizations that benefit most from their economic parasitism.

    The Grifters are the only class of Grifterism that fully benefits from the corrupt system; in fact, the system exists by, for, and because of the Grifters—almost all of whom are voting for Democrat candidates who themselves wallow in the pig trough of Grifterism. “But wait!” you may say, “Government workers are not Billionaires, they are not wealthy. How is that a grift?” Grifters in government generally enjoy wages in excess of the national median income; they are entitled to retirement plans largely unheard of in the private sector; they have healthcare and other benefits that far exceed those of equivalent private workers; and, most of all, they enjoy job security that is unmatched by any other sector of American society. Most Grifters are unfirable—they have life tenure. Finally, they have the power to pull the strings of the entire Grifter class for their own benefit—back-scratching and beak-wetting are their secret ways of communication.

    It’s good to be a Grifter.

  • The Democratic Party remains stuck on stupid.

    The Democrats are obviously struggling with coming to terms with the rejection they faced last November. They’re always bad at introspection and taking responsibility for anything, but this is like nothing I’ve seen in all of my years in politics. It’s gotten to the point where I have to read at least one or two of the 2024 post mortems in the mainstream media every day to get my fix. Yeah, it’s a blast watching them not get it. The real joy for me, however, is seeing the myriad ways that they are finding to not come to the proper conclusions about why they lost.

    They’ve been so reluctant to face their Pandora’s boxful of problems that they didn’t even start making attempts until just before the second Trump term was underway. In days of yore, the Democratic National Committee would have called an all-hands-on-deck meeting for around 6 AM on the morning after the election to begin plotting how to win the next one. Not only that, the Dems would have some plans in their back pockets and some viable candidates for the future on their bench. That Democratic Party and political machine no longer exist.

    The reason for that is one that they will probably never admit to themselves. The decimation of its candidate bench and the party’s long-term planning ability can be laid squarely at the feet of the man who they worship above all others: His High Holiness the Lightbringer Barack Obama.

    Democrats had long been invested in identity politics but went all-in to the exclusion of anything else after Barack Obama won in 2008. As my friend Stephen Green mentioned a few times last year, the Dems sold an idea in 2008 rather than a candidate with a record. Of course, that was because Obama had no record to speak of at the time.

    They got kinda hooked on that.

    The party higher-ups and their media mouthpieces spent the next eight years hero worshiping and not attending to the mundane nuts and bolts of keeping a successful political machine running. While they were “oohing and aahing” over the emperor’s new clothes, the emperor was sucking the life out of the party’s future. Who needed a bench when all they had to do was anoint a candidate who checked off a “historic first” diversity box on his or her résumé?

    They were so invested in the diversity route that the DNC gamed the 2016 primary to make it nigh on impossible for anyone to beat Hillary Clinton — the candidate they’d unceremoniously thrown on the trash heap eight years earlier in favor of Obama because he checked off a higher-priority diversity box.

    None of the Democratic Party rules applied in 2020. The Dems went with Joe Biden because he was essentially an emotional support stuffed toy who made them feel better because he had a connection to Obama. Biden immediately got them back in the identity politics game by promising to pick a Black female running mate.

    We know the rest of this story.

    The real problem for the Democrats in 2024 wasn’t Joe Biden’s late exit or Kamala Harris’s short campaign — no combination of circumstances was going to enable either of them to beat Donald Trump. The Dems’ real problem is what the party is now about. Things like biological males competing in girls sports and hanging around in their locker rooms. Things like drag queen story hours in first-grade classrooms. Things like “Free Palestine” lunatics attacking synagogues.

    Things that they really haven’t backed off of after getting shellacked last year.

    So more social justice victimhood identity politics and more Orange Man Bad. That, abortion and gun control are pretty much all they have… (Hat tip: Stephen Green at Instapundit.)

  • Bruen on the march: “Justice Dept. Investigates L.A. Sheriff Over Concealed Carry Permit Delays.”

    The Justice Department said it was investigating whether the Los Angeles County Sheriff’s Department had violated the Second Amendment rights of residents through what it said was a pattern of long delays in issuing concealed carry permits.

    The department said the investigation, announced in a news release on Thursday, was part of a larger push to protect gun rights across the United States. It added that it could open similar investigations in “any other states or localities that insist on unduly burdening, or effectively denying, the Second Amendment rights of their ordinary, law-abiding citizens.”

    The Supreme Court has upheld Second Amendment rights in recent years, but, the Justice Department wrote in the announcement, some states “have resisted this recent pro-Second Amendment case law.”

    The department called California “a particularly egregious offender,” saying it had passed laws restricting the right to bear arms. It said some areas of California had also imposed excessive fees and lengthy wait times on concealed carry permits.

    The investigation follows a lawsuit filed in federal court in 2023 by gun rights advocates who claimed it had taken more than a year to obtain a concealed carry permit from the Los Angeles County Sheriff. Last year, a federal judge agreed that the Second Amendment rights of two individuals in the lawsuit had most likely been violated when the county made them wait 18 months before they received a decision on their permits. The Justice Department said it believed others had also experienced long delays in obtaining permits in the county.

    The Sheriff’s Department wrote in a statement that it respected the Second Amendment and that it was committed to processing all concealed carry permits, but it added that it was facing a “staffing crisis” and had a backlog of cases. It said it had around 4,000 applications to process, with only 14 people to review them.

    Last month, President Trump directed Attorney General Pam Bondi to assess “any ongoing infringements” on Second Amendment rights in federal agencies across the country.

    “The Second Amendment is not a second-class right,” Ms. Bondi wrote in the news release announcing the investigation in Los Angeles, “and under my watch, the department will actively enforce the Second Amendment just like it actively enforces other fundamental constitutional rights.”

  • A victory in the war against lower court judicial overreach. “Supreme Court Shuts Down Activist Judge, Lets Trump Cut $250 Million In DEI Training For Teachers.”

    The Supreme Court on Friday overruled an activist judge in Boston, allowing the Trump administration to slash $250 million for more than 100 teacher training grants for DEI and other woke programs.

    In a 5-4 decision nine days after the request, the Supremes sided with the Trump administration’s emergency request to stay the court order by judge Myong J. Joun of the federal District of Massachusetts – who had ordered the Trump administration to “immediately restore” the “pre-existing status quo prior to the termination.”

    According to the ruling – which is likely to narrow the ability of district courts to halt agency actions involving grant function, Joun lacked authority to order the Trump admin to restore the funding.

  • The Supreme Court giveth, and the Supreme Court taketh away.

    The Supreme Court upheld the Biden administration’s regulations on “ghost guns” Wednesday, finding that guns assembled using at-home kits are subject to the same rules as traditional firearms, including requirements that they carry a serial number and that purchasers undergo a federal background check before buying them.

    The justices ruled 7-2 in Garland v. VanDerStok to preserve rules imposed by the Bureau of Alcohol, Tobacco, and Firearms in 2022 to combat what the government called an explosion of “ghost gun” usage in criminal activity. Justices Clarence Thomas and Samuel Alito dissented.

    Second Amendment issues aside, the Supreme Court missed an opportunity to par back some post-Chevron regulatory overreach.

  • He’s outa there: “South Korean court removes president from office, says he violated duties. The Constitutional Court upheld the impeachment of President Yoon Suk Yeol over his martial law gambit. South Korea will elect a new president within 60 days.”
  • Dwight is usually the one covering the Eric “Three Phones” Adams corruption case, but since he’s traveling, I’ve got to step up and note that the case was dismissed.

    A Manhattan judge on Wednesday dismissed the federal corruption charges levied against New York City Mayor Eric Adams last fall, partially granting the Trump-era Department of Justice’s request to drop the case.

    U.S. District Judge Dale Ho, who presided over the Democratic mayor’s case in the Southern District of New York, permanently dismissed the charges in a highly anticipated decision.

    In February, the DOJ ordered federal prosecutors to stop pursuing the case and subsequently asked the judge to dismiss the case without prejudice. That would have allowed prosecutors to refile charges against Adams in the future if the DOJ wanted to do so.

    Ho dismissed the indictment with prejudice, meaning the prosecution cannot be revived based on the same evidence used in the original case.

    The DOJ’s move, spearheaded by former acting Deputy Attorney General Emil Bove, sparked accusations that the Trump administration and Adams were engaged in a “quid pro quo” agreement, in which the mayor’s charges would have been dropped as a way of ensuring his cooperation with enforcing the White House’s immigration agenda. Adams denied the allegations of a quid pro quo.

    In his order, Ho wrote that dismissing the case without prejudice “would create the unavoidable perception that the Mayor’s freedom depends on his ability to carry out the immigration enforcement priorities of the administration, and that he might be more beholden to the demands of the federal government than to the wishes of his own constituents.”

    The Biden-appointed judge described that perception as “inevitable” and concluded that “it counsels in favor of dismissal with prejudice.”

    Adams requested a dismissal with prejudice, to which the DOJ did not object.

    In September, Adams was indicted on five counts of corruption related to his alleged acceptance of benefits, such as free luxury travel from Turkish officials, in exchange for pressuring city inspectors to open a new Turkish consulate building in Manhattan without a proper fire inspection. Adams pleaded not guilty.

    The New York City mayor has suggested his indictment was politically motivated because of his criticisms of the Biden administration’s lax immigration policies.

    Given that Adams was a Democratic mayor of New York City, my working assumption is that he’s dirty as sin in general, but not necessarily for this particular case. And it’s entirely possibly that the Biden Administration did indict him for daring to question open borders. Also, even if guilty, dismissing his charges might be justified in the same way that a mobster who turns state evidence gets their charges dismissed. (Honestly, three different iPhones seems like overkill. One iPhone and two burner phones for different dirty deals seems sufficient, unless you’ve got so much dirty going down that you need to use the Stringer Bell SIM card swap to keep all the balls in the air. On the other hand, were the FBI to raid my house for some reason, they too might seize three iPhones: One working, and two old, mostly broken models…)

  • But wait! Adams says that, while he’s still a Democrat, he’s running for re-election as an Independent. Maybe he figures (correctly) that his heretical questioning of The Message means he has no chance to win a Democratic primary…
  • EuroElites are hoping that lawfare can succeed there even though it failed against Trump: “French Court Sentences Marine Le Pen to Jail, Bars Right-Wing Presidential Hopeful from Running in 2027.”

    A French court on Monday sentenced right-wing leader Marine Le Pen to jail and barred her from seeking public office again for five years, preventing her from running in France’s 2027 presidential election after she was found guilty of embezzlement.

    A member of the French Parliament, Le Pen and others were accused of misusing 4.4 million euros, or $4.8 million, in European Parliament funds to pay staff who were working for her National Rally party. In violation of European Union regulations, the alleged embezzlement occurred between 2004 and 2016. She was found guilty alongside eight members of Parliament and twelve assistants. The French right-wing leader has denied any wrongdoing.

    Le Pen faces a prison sentence of four years, with two of those years suspended; a $108,000 fine; and ineligibility to run for office for five years, effective immediately. She is expected to appeal the ruling.

    But even if she does appeal, the political ban will likely remain in place unless she is victorious. Meanwhile, her prison sentence will be suspended during the appeals process. The ban doesn’t affect her parliamentary position.

    There’s widespread belief that “embezzlement” charges like this would never be employed against politicians that hew the EU line.

  • “Trump Warns Iran That Without a Nuclear Deal, ‘There Will Be Bombs.‘”

    Earlier this month, President Trump wrote to Iran’s Ayatollah Ali Khamenei saying he wanted to negotiate an end to Iran’s nuclear weapons program, emphasizing “I would prefer to make a deal, because I’m not looking to hurt Iran. . . . I’m not sure that everybody agrees with me, but we can make a deal that would be just as good as if you won militarily.” This weekend, the Iranians rejected direct negotiations but left the door open to indirect negotiations. This is all occurring as a quarter of the U.S. Air Force’s B-2 bombers are at the joint U.S.-United Kingdom military base at Diego Garcia in the Indian Ocean. A U.S. military conflict with Iran feels increasingly plausible.

    Snip.

    Northrop B-2 Spirits are what the U.S. Air Force uses when it needs to drop very powerful bombs in a very stealthy manner. Among those very powerful bombs is the Massive Ordinance Penetrator (MOP) Bunker-Buster, a 30,000 pound bomb that is described as “the most powerful and deeply burrowing non-nuclear bunker buster on earth.” In fact, the B-2 is the only plane that can carry a MOP.

    The MOP is exactly the sort of weapon you would use if you wanted to hit Iran’s underground nuclear facilities. On March 25, Iranian state media “showed Iranian Armed Forces Chief of Staff General Mohammad Baqeri and Amir Ali Hajizadeh, the Islamic Revolutionary Guards Corps Aerospace Force commander, showing off what Iranian media said was an ‘underground missile city.’”

    (Howard Altman of The War Zone noted that from what viewers could see in the video, “The munitions are stored out in the open in long continuous tunnels and large caverns with no, or at least limited, blast doors or separated revetments. That could result in devastating consequences should the facility be breached in an attack. The lack of these protective measures could lead to an absolutely massive chain reaction of secondary explosions.”)

    As of May 2024, Iran has 42 declared facilities and at least 8 suspected facilities in its nuclear program.

  • Dozens of Suspected Tren de Aragua Gang Members Arrested Outside Austin.” The “outside” part is Dripping Springs, a town that used to be way the hell out in the country some 20 years ago but is now a exurb of Austin.

    Texas Department of Public Safety officers arrested over three dozen individuals—including suspected members of the Venezuelan gang Tren de Aragua—near Dripping Springs, a small town a half-hour west of Austin.

    Law enforcement also seized narcotics during the Tuesday raid and took nine minors into custody.

  • Followup: “New York Stock Exchange Texas Opens, Trump Media Group First Listing.”

    Texas continues to cement itself as a hub for capital investment with the opening of a new Lone Star State-based stock exchange on Monday.

    The New York Stock Exchange (NYSE) announced plans to establish its own exchange in Dallas back in February — which came on the heels of the Texas Stock Exchange being founded in June last year.

    “As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” NYSE Group President Lynn Martin said in a press release at the time.

    Now, March 31 is opening day for the Texas-based New York Stock Exchange, which Martin said will “allow companies to capitalize on the pro-business dynamics in Texas.”

    The NYSE also announced that the first security to be listed on the Texas exchange will be the Trump Media & Technology Group (TMTG).

    TMTG describes itself as a “social media and technology focused company” where its goal is to “end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back.” Its most well known product offering is the social media platform TruthSocial.

    Headquartered in Florida, the company debuted on the NYSE in March 2024 under the ticker “DJT” and skyrocketed to a market valuation of at least $8.4 billion on an undiluted share basis during its first day of business; it currently sits around $4.37 billion in market capitalization.

    “We’re honored to become the initial listing for NYSE Texas, which is a great fit for TMTG as we diversify into financial services and other realms,” said TMTG CEO and Chairman Devin Nunes.

    “Texas provides a fantastic climate for business and entrepreneurship that aligns with TMTG’s mission. This listing, alongside our plans to reincorporate in Florida, shows we’re part of a growing movement to take our business to states that value free enterprise and personal freedom.”

    (Previously.)

  • Important financial safety tip: A Fintech app is not a bank.
  • “State Rep. Harrison Calls for End to UT Gender Studies Dept. After Attending ‘Transgender Conference.’”

    After attending a “transgender conference” at the University of Texas at Austin, State Rep. Brian Harrison is demanding an end to the school’s Women’s, Gender and Sexuality Studies Department.

    Harrison (R-Midlothian) is calling for the university to be defunded unless it terminates the department, along with its diversity, equity, and inclusion programs.

    “The Texas government has failed Texans, by weaponizing their tax dollars against them, their values, and their children, and I won’t stand for it, especially in light of what I recently discovered on my undercover visit to the University of Texas campus yesterday as they were hosting a transgender conference,” Harrison stated.

    He warned that if the programs are not immediately dismantled, he will attempt to strip UT Austin of taxpayer funding in the upcoming state budget.

    On Tuesday, Harrison shared photos captured at the 32nd Annual Emerging Scholarship in Women’s and Gender Studies Graduate Student Conference.

    One featured a banner promoting an art exhibit called “TRANSCENDENCE: A Century of Black Queer Ecstasy.” The banner shows two black men standing in front of a cross.

    The event agenda for day one of the conference included a lecture titled “Keeping Time: Queer-Crip Temporal Attunement Through Tarot.”

    Pamphlets and flyers throughout the library advertised “Resources for Trans Folks,” which primarily focused on the use of cross-sex hormones or mutilating surgeries used to appear like the opposite sex.

    One flyer directed students to UT’s University Health Services for medical transition procedures and to the UT School of Law’s Gender Affirmation Project for legal name and gender changes.

    The flyer was created by The Queer and Trans Student Alliance, which is an agency of the UT student government.

    Sounds like a good center to defund.

  • Ryan George gets meta and takes a step back.
  • “Libs Spell Out ‘Coexist’ With Burning Teslas.”
  • “Lego Introduces ‘California Home’ Set Where Kids Fill Out Permit And Wait 2 Years For Approval.”
  • Manufacturer Recalls Faulty Shopping Carts With 4 Functioning Wheels.”
  • Might as well jump…

    (Hat tip: Ace of Spades HQ.)

  • I’m still between jobs. Feel free to hit the tip jar if you’re so inclined.





    Instant Analysis: Trump Tariff Effects On Semiconductors

    Wednesday, April 2nd, 2025

    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.

    Meet The New Boss, Eh/Same As The Old Boss, Eh

    Monday, March 10th, 2025

    Up in the 51st state leftwing Canukistan, Justin Trudeau is stepping down after nine long years in power in favor of banker Mark Carney.

    Former central banker Mark Carney won the race to become leader of Canada’s ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.

    Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with longtime ally the United States under President Donald Trump and must hold a general election soon.

    Carney, 59, took 86% of votes cast to beat former Finance Minister Chrystia Freeland in a contest in which just under 152,000 party members voted.

    “There’s someone who’s trying to weaken our economy,” Carney said of Trump, spurring loud boos at the party gathering. “He’s attacking Canadian workers, families, and businesses. We can’t let him succeed.”

    “This won’t be business as usual,” Carney said. “We will have to do things that we haven’t imagined before, at speeds we didn’t think possible.”

    Trudeau announced in January that he would step down after more than nine years in power as his approval rating plummeted, forcing the ruling Liberal Party to run a quick contest to replace him.

    “Make no mistake, this is a nation-defining moment. Democracy is not a given. Freedom is not a given. Even Canada is not a given,” Trudeau said.

    Carney, a political novice, argued that he was best placed to revive the party and to oversee trade negotiations with Trump, who is threatening additional tariffs that could cripple Canada’s export-dependent economy.

    Trudeau has imposed C$30 billion of retaliatory tariffs on the United States in response to tariffs Trump levied on Canada.

    “My government will keep our tariffs on until the Americans show us respect,” Carney said.

    Yeah, Trump is not exactly known for giving in to demands for “respect.” And given that the United States makes up some 77% of Canada’s world trade, while the Canada only makes up some 13% of America’s $9 trillion in global trade, the power dynamic between the two countries is hardly equal. Canada is much, much more exposed to economic hardship in a trade war than the United States is. I expect Carney’s and Canada’s resolve to work about as long and well as it did in the South Park “Canada on Strike” episode.

    Can we expect Carney to undo some of Trudeau’s most heinous policies?

    Don’t get your hopes up.

  • Mark Carney: “While America engages in the war on woke, Canadians value inclusiveness.” So Canada’s government will continue the same woke policies that helped drive Trudeau (and Canada) down.
  • Jordan Peterson: “The inevitable Grand Pooba of the currently wretched, but still dangerously powerful, Liberals, one Mark Carney, is one of the world’s prime advocates of the insane inanities of Net Zero.”
  • JP: “He is a man who has planned, in writing, not least in his bestselling book Values, the complete destruction of the fossil fuel industry. Bye-bye Alberta.”
  • JP: “If that’s not bad enough, and it is, he’s also simultaneously an advocate of the same postnational view of Canada defined by Trudeau Jr and his moralistic minions.”
  • JP: “What are we, according to such good thinkers? Nothing. Nothing, but if anything, the oppressive, patriarchal, white-supremacist, identityless, colonial settler state defined by the progressive ideologues in the think tanks and elite dining rooms in eastern Canada.”
  • Dave Rubin: “If you live in western Canada, particularly where oil and natural resources are important, this man is basically trying to destroy your livelihood.”
  • Don’t expect anything to change until Canadian federal elections later this year.

    Semiconductors: China Is Fucked

    Monday, October 17th, 2022

    I already touched on this story in Friday’s LinkSwarm, but lots of other people are now twigging to just how huge a story this is. Let’s start with that: “US Firms Pull Staff From China’s Top Chip Maker As Economic War Worsens.”

    The Biden administration’s new technology restrictions are already causing disruptions in China as US semiconductor equipment suppliers are telling staff based in the country’s top memory chip maker to leave, according to WSJ, citing sources familiar with the matter.

    State-owned Yangtze Memory Technologies Co. has seen US chip semiconductor equipment companies, including KLA Corp. and Lam Research Corp., halt business activities at the facility. This includes installing new equipment to make advanced chips and overseeing highly technical chip production.

    The US suppliers have paused support of already installed equipment at YMTC in recent days and temporarily halted installation of new tools, the people said. The suppliers are also temporarily pulling out their staff based at YMTC, the people said. –WSJ

    It’s hard to overemphasize how badly fucked China’s chip industry is with this latest move. Semiconductor equipment not only needs regular maintenance, but extremely specialized expertise when something goes wrong and your yields crash, wizards who can look at a wafer defect chart and determine by experience what’s gone wrong with which tool. Without support and spare parts from the western semiconductor equipment giants, expect yields to start crashing in a matter of months, if not weeks, especially if Applied Materials and Tokyo Electron join the pullout.

    I just put in a call to the Applied Materials press office to ask them about this. I’ll let you know if I hear back.

    As Peter Zeihan notes, these sanctions screw not only China’s semiconductor industry, but every segment of the high tech assembly chain that depends on them.

    Takeaways:

  • Not only is China now unable to import the equipment to make semiconductors, or the tools to maintain and operate the equipment, or the software that’s necessary to operate the equipment, or any mid or high level chips at all. Now any Americans who want to assist with the Chinese semiconductor industry have to make a choice: you can have your job with China or you can have your citizenship.

    I’ve read this elsewhere: “One of the provisions of President Joe Biden’s executive order is that any U.S. citizen or green card holder working in China cannot work in the Chinese semiconductor industry or risk of losing American citizenship.” The thing is, I don’t think such sanctions are constitutional, and I’m pretty sure stripping citizenship over trade regulations with a country we’re not at war with would fail the Ninth Amendment “necessary and proper” test.

    Back to Ziehan:

  • “Within about 48 Hours of the policy being adopted last Friday, every single American citizen who was working in China in the industry either quit, or their companies relocated their entire division so they wouldn’t have to lose their staff.”
  • “For all practical purposes the Chinese semiconductor industry of everything over Internet of Things level of quality is now dead, and that has a lot more implications than it sounds.”
  • “Chinese have proven incapable over the last 25 years of advancing sufficiently [to run the technology required] to operate this industry, beyond being able to simply operate the facilities that make the low end chips, and even that had to be managed by foreigners. So there is no indigenous capacity here to pick this up and move on.”
  • “In terms of industrial follow-on, this doesn’t just mean that the Chinese are never going to be able to make the chips that go into cars or computers, it also means that any industry that is dependent upon the hardware dies.”
  • China can’t do anything remotely high tech (hypersonic missiles, AI, Great firewall, etc.) without buying chips on the gray market.
  • “This is a deal killer not just for the industry, but for a modern technocratic system from a technological point of view. China is done.”
  • What’s China going to do about it? “I would expect this kind of ‘bag of dicks’ diplomacy that has evolved in China to get this hard, and loud, which will probably only encourage the Americans to act more harshly.”
  • One sign of that pullout is that Apple has shifted iPhone manufacturing from China to India, and has scrapped plans to use YMTC chips in iPhones.

    In many ways, the Biden Administration’s approach to China has been a continuation and escalation of the Trump approach: No More Mister Nice Guy, with sanctions and reshoring of American industry.

    Short of actual military action, it’s hard to see how China can effectively retaliate against America over these moves. American companies are already leaving, and China has built up so much ill will in various international trade organizations that it’s difficult to see how they could lodge a complaint with one of those and prevail.

    Previously:

  • China’s Chip Industry Is Doomed
  • Top Chinese Chip Executives Arrested
  • China’s Semiconductor Industry: Shell Games All The Way Down
  • China’s Semiconductor Play
  • China’s Chip Industry Is Doomed

    Monday, September 19th, 2022

    This is a story that’s been bubbling on for a while, but it looks like the U.S. government is about to slam down export restrictions on chipmaking equipment.

    The administration of US President Joe Biden next month is to broaden curbs on US exports to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.

    The US Department of Commerce intends to publish new regulations based on restrictions communicated in letters earlier this year to three US companies — KLA Corp, Lam Research Corp and Applied Materials Inc, the people said, speaking on the condition of anonymity.

    Every wafer fabrication plant in the world uses equipment from one of those three companies. Applied Materials and LAM Research (along with Tokyo Electron) have their fingers in almost all areas of chipmaking equipment (PVD, CVD, Etch, etc.), while KLA (formerly KLA-Tencor) dominates the wafer inspection equipment segment. Add ASML in the Netherlands, and those five absolutely dominate the semiconductor equipment market.

    The letters, which the companies publicly acknowledged, forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain commerce department licenses.

    This is where things get tricky. SMIC claims they can do 7nm, but everyone outside China doubts they can do it reliably, repeatably and profitably. SMIC announced they’re about to start manufacturing 14nm, and that they can probably do. Practically, they’re the only semiconductor manufacturer in China that can do sub-14nm, as just about everyone at the top of the next biggest semiconductor manufacturer, Tsinghua Unigroup, just got arrested in July.

    There’s even talk that they’re actually zeroing in on FinFET technology specifically, though they may also ban sales of older chipmaking equipment as well.

    Without a continued stream of machines, spare parts and technical know-how from those five semiconductor giants, China’s semiconductor industry is doomed. China’s domestic semiconductor equipment industry is essentially garbage, and they’re so far behind in so many areas that they can’t even steal their way to parity. The knowledge gulf is just too vast.

    Min-Hua Chiang at the Heritage Foundation notes just how badly China’s domestic semiconductor industry is screwed.

    According to World Trade Organization statistics, China’s trade deficit in integrated circuits and electronic components (including Hong Kong’s trade deficit) has almost doubled from the equivalent of $135 billion in 2010 to $240 billion in 2020.

    The growing trade deficit in integrated circuits reveals one crucial fact: Achieving technological self-reliance is still a faraway Chinese dream. To keep its exports growing, China has no other way but to keep importing advanced chips to assemble into consumer goods with high-tech intensity (e.g., smartphones, tablets, and the like).

    Although China (including Hong Kong) is also the largest exporter of semiconductor chips in the world, less than 7% of chips produced in China were made by Chinese semiconductor companies in 2021.

    More than 90% of chips produced in China are made by foreign firms. In other words, China’s exports of semiconductor chips are overwhelmingly dominated by foreign companies.

    Its inferior level of technology is the main reason for China’s chip reliance on foreign firms. While Chinese firms are stuck with advancing toward 7nm chips, the Taiwan Semiconductor Manufacturing Co. and Samsung are progressing towards mass production of 3nm chips this year. Intel plans to take over TSMC’s leading role in semiconductor technology by 2025.

    The competition among a few tech giants in the U.S., Taiwan, and South Korea is clear, and the Chinese firms are not likely to jump into the global technology competition in the semiconductor industry anytime soon.

    The U.S. restrictions on exporting chipmaking equipment to China’s largest semiconductor firm, Semiconductor Manufacturing International Corp., have not only deterred China’s technological advancement, but also exposed the fundamental mismanagement problems inside China’s semiconductor industry.

    Xi might not have noticed his industry’s poor performance had China been able to continue to produce chips with foreign equipment.

    Some parts about the Tsinghua scandal snipped.

    Several Taiwanese executives leaving China’s semiconductor industry last year is another major setback in the development of China’s semiconductor industry.

    China not only spent tremendously on building chip plants and purchasing expansive equipment, but also on recruiting talent from overseas. Over the past few years, China recruited more than 3,000 skilled workers from Taiwan to work in China’s semiconductor industry.

    China amassed enormous capital, talent, and foreign equipment, but the problem is with governance. Xi’s absolute authority encouraged a rush into China’s semiconductor industry. Moreover, the extraordinary integration of the public and private sectors in China has twisted industrial development toward short-term profit-making, instead of long-term accumulation of manufacturing strength and technological improvement.

    Xi’s “wolf warrior” diplomacy has further overshadowed the outlook of its semiconductor industry. China’s success relies on close partnerships with various suppliers and customers in different countries across the globe. Alienating them on the geopolitical front only undermines those relationships.

    The U.S. ban on exporting chipmaking machines to China was the straw that broke the Chinese semiconductor industry’s back.

    On top of that, the CHIPS and Science Act just signed into law bans semiconductor companies receiving U.S. government subsidies from investing in China for the next 10 years. There are major loopholes in that prohibition, but if Congress can manage to keep the administration’s feet to the fire—including by tightening the legal restrictions—it could have a major impact on China’s tech development.

    In addition, the U.S. has extended the export restriction to 14 nm chipmaking machines to the Semiconductor Manufacturing International Corp. and other foreign chipmakers in China. A specific electronics design automation software for making advanced chips is also banned from exportation to China.

    Without foreign investment and inputs, China is only likely to deepen its reliance on importing advanced chips from overseas.

    Peter Zeihan notes (correctly) that China’s semiconductor industry has been singularly unable to fab advanced chips on their own.

    Not to mention that fraud still abounds. Chinese CPU semiconductor startup Quillion Technology closed up shop three months after raising $89 million.

    $89 million is probably enough to get you to tape-out for a fabless semiconductor house designing a smaller chip (or maybe even a low-power ARM-based CPUs for embedded markets), but it’s a woefully small sum for a real cutting-edge CPU company, and laughable if they intended to be an integrated design manufacturer fabbing their own chips, where building even a trailing edge fab starts in the billions.

    More on that topic:

    Takeaways:

  • “Money seems to have a strong corruptive power over CCP officials that they can’t resist. Like China’s real estate industry, China’s semiconductor industry is also plagued with corruption, over-construction, and highly leveraged capital maneuvers.”
  • She goes over the history of the Chinese “Big Fund” for semiconductors I covered here, and later talks about the indictments.
  • “The state-run Semiconductor Investment Fund was used more as an instrument to speculate in stocks than an institution for conducting basic R&D. The government-backed fund, aka the “Big Fund,” has investments in 2,793 entities within three layers of ownership.” Very few of them have the word “semiconductor” in their names. (Like I said before, shell games all the way down.)
  • From 1984 to 1990, the Ministry of Electronics Industry delegated the management of the vast majority of state-owned electronics enterprises to local provincial and municipal governments. While these state-owned enterprises (SOEs) obtained more autonomy, something strange happened. These companies imported outdated integrated circuit production lines that had no commercial value. The wasteful projects cost money, but people used the opportunities to take foreign trips, receive kickbacks, and send their children abroad. And this happened on a large scale.

    Pretty much classic ChiCom behavior.

  • China’s high-tech industry, like its financial industry, is dominated by powerful CCP families, and the Jiang Zemin family is one of them. In 1999, Jiang Zemin gave his oldest son, Jiang Mianheng, the reins of China’s “autonomous chip development.” As vice president of the Chinese Academy of Sciences (CAS) and president of the Shanghai branch for many years, the junior Jiang has long held the turf of China’s science and technology sector. He is also personally involved in the semiconductor business. His Shanghai Lianhe investment has holdings of Shanghai Zhaoxin Semiconductor Company.

  • Classic story:

    Chen Jin, a former junior test engineer at Motorola, joined Shanghai Jiaotong University in 2001 after returning to China.
    He was given the responsibility to develop the “Hanxin” chip, an important part of the state-run high-tech development program known as the “863 Program.” In just three years, Chen obtained 100 million in R&D funding and applied for 12 national patents. On Feb. 26, 2003, Chen’s team officially released the “Hanxin 1” chip. The Shanghai Municipal Government, the Ministry of Information Industry, and the Chinese Academy of Sciences all backed his work. The expert panel declared the “Hanxin 1” and its related design and application development platform as being the first of its kind in China and achieving an important milestone in the history of China’s chip development. Subsequently, Hanxin 2, 3, 4 and 5 chips were launched, all of which were claimed to have reached an advanced level globally. The Hanxin series of chips even entered the General Equipment Procurement Department of the Chinese military. However, 3 years later, on Jan. 17, 2006, “Hanxin 1” was revealed to be completely fake. Chen downloaded a Motorola chip source code through a former Motorola colleague. Then he secretly bought a batch of Motorola dsp56800 series chips, paid a peasant to scrape the original Motorola logo with sandpaper, and asked a local Shanghai print shop to print the “Hanxin” logo on it.

  • China correctly identified semiconductors and semiconductor equipment as key technologies for truly becoming the world’s preeminent technological manufacturing giant. Unfortunately for them (and fortunately for us), the CCP’s endemic culture of corruption and their top-down command economy are antithetical to the onrush of capitalist technological innovation that powers Moore’s Law.

    LinkSwarm for August 9, 2019

    Friday, August 9th, 2019

    Welcome to another Friday LinkSwarm! It’s been both super busy and super-hot here at BattleSwarm headquarters…

  • Leftward ho:

    Ah, the good ol’ days of . . . April, or so, when conservative critics of the Democratic party could still count on being lectured to about the enduring moderation of Team Blue and chastised for paying so much attention to such figures as Representative Alexandria Ocasio-Cortez (a member of the Democratic Socialists of America) and Senator Bernie Sanders (a member of the Democratic Socialists of America) and claiming that these self-described socialists are the socialists they describe themselves as being, who want to “abolish capitalism” (the stated mission of the Democratic Socialists of America) and the traditional family to boot (“democratizing the family to get rid of patriarchal relations,” in the words of the Democratic Socialists of America), all of which, the usual media scolds tut-tutted, was unfair. “The Democratic party is the party of moderates,” as Politico magazine editor Bill Scher argued.

    Somebody must have slipped some psilocybin into the Democrats’ potato salad at this year’s May Day picnic. Open borders? Check! Eviscerating the Bill of Rights? Absolutely, with one of those weird barbed Uncle Henry gut-hook knives! What else? I hope that whichever debate moderator finally presses this crew about the limits of late-term abortion is over 35, because Elizabeth Warren was pretty clearly ready to roll up her sleeves and perform an impromptu D&E right there underneath the Art Deco adornments and heavy brocade curtains of the Fox Theater in beautiful downtown Detroit.

  • Speaking of the Democratic Socialists of America, Stephen Green looks in on those lunatics. “No perfume in the quiet room, no misusing doors, no talking to cops, no talking to the press, always display your credentials, beware of right wing infiltrators.” Plus the usual lunacy about pronouns, and triggering, and singing “The Internationale.”
  • Border control policies start working:

    Monthly apprehensions of migrants in Mexico have begun to slow down, indicating that its government’s recent border crackdown is yielding results.

    Authorities in Mexico apprehended 18,758 migrants in July, according to preliminary data from Mexico’s immigration agency, reported by The Wall Street Journal. While this number is more than double the amount detained in the same month last year, it is a decline from the record-setting 31,573 apprehensions in Mexico in June.

  • “China Wants to Hit Back at Trump. Its Own Economy Stands in the Way.”

    China’s imports from the United States only a fraction of the trade going the other way, so it cannot match Washington tariff for tariff. Much of that trade consists of agriculture goods like soybeans, as well as specialized products like Boeing jetliners or the American-made chips for the smartphones China makes.

    There are several things China could do. It could call for a boycott of American goods or stop buying Boeing planes. It could devalue its currency, which would in effect partially nullify American tariffs. It could make life much harder for American business and executives in China, or it could exercise its power over key parts of the global supply chain, like its dominance over key manufacturing minerals called rare earths.

    Some investors on Friday signaled they expect at least one of those moves. China’s currency, the renminbi, fell to its weakest point so far this year. Shares of rare earths companies rose, while Boeing’s shares fell more than the broader market on Thursday.

    But each of these measures has drawbacks. Perhaps the biggest among them is that China’s economy is growing at its slowest pace in 27 years. Many of the arrows Beijing has in its quiver could ricochet and hit its own factories and workers.

    Plus the perils of weakening the renminbi. Also: “As they consider their moves, Chinese officials will also try to parse Mr. Trump’s negotiating strategy. Experts said his capricious style had flummoxed Beijing.”

  • How the media pick and choose which parts of the El Paso shooter’s manifesto to hype.
  • More on the same subject:

    The manifesto is insane. Part of it discussed commonly debated issues such as the environment and the economy in ways that are well within the boundaries of political conversation going on today — indeed, that might have come out of the New York Times or many other outlets. Other parts of it mixed in theories on immigration from far right circles in Europe and the U.S. Then it threw in beliefs on “race-mixing” straight from the fever swamps. And then it concluded that the solution is to murder Hispanic immigrants, going on to debate whether an AK-47 or an AR-15 would best do the job. By that point, Crusius had veered far from both reality and basic humanity.

    But the question is, was he inspired by President Trump? It is hard to make that case looking at the manifesto in its entirety.

    Crusius worried about many things, if the manifesto is any indication. He certainly worried about immigration, but also about automation. About job losses. About a universal basic income. Oil drilling. Urban sprawl. Watersheds. Plastic waste. Paper waste. A blue Texas. College debt. Recycling. Healthcare. Sustainability. And more. Large portions of the manifesto simply could not be more un-Trumpian.

  • Dayton shooter was indeed a “Pro-Satan Leftist Who Supported Elizabeth Warren.”
  • How President Donald Trump changes the political calculus.

    This is a colossal fraud, and it won’t work. The public doesn’t buy it; the candidates aren’t talking about it; when Congress returns in September, Lindsey Graham’s Senate Judiciary Committee will grill the authors of the politicization of the intelligence agencies, the FBI, and other parts of the Obama Justice Department as well as the propagators of the false Steele dossier and the fraudulent FISA warrant applications. Graham (R-S.C.), will get the publicity, and the bare-faced liars who chair the House Judiciary and Intelligence committees, Jerry Nadler (D-N.Y.) and Adam Schiff (D-Calif.), will be talking to themselves about their “solid evidence” of the president’s crimes. Weissman and the lesser Democratic Torquemadas couldn’t find them; Nadler and Schiff can’t declare what their evidence is (because there is none).

    This is the last echo of this attempted rape of the Constitution and no one will be listening when the Congress returns in September. They will listen to the Graham committee’s exposés of the Democrats who acted corruptly, and they will notice the indictments when the special counsel, (John Durham, who unlike Mueller does have full retention of his faculties), starts bringing them down.

    The president deliberately has escalated the controversy by attempting to make the four extremist freshman Democratic congresswomen the real face of the Democrats, and by pointing out, in the case of Rep. Elijah Cummings (D-Md.), the inappropriateness of Cummings’ assault on the integrity of the acting secretary of the Department of Homeland Security.

    The president undoubtedly knows that he is playing with fire assaulting the most holy of the taboos of political correctness so explicitly, though his grasp of the political arithmetic is almost certainly correct. I assume he can reassure his own followers and whatever independent voters may be left in this fierce partisan crossfire that he is not racist. In sober times, it would be clear that no case whatever exists that he is a racist. But these are not sober times and he has contributed something to their insobriety, though—one must remember—in reaction to immense provocations.

  • Is the UK headed for a November 1st election the day after Brexit? (Hat tip: Ed Driscoll at Instapundit.)
  • How Trump’s legal team of “nobodies” defeated Robert Mueller’s team of credentialed elites.
  • Liberals just come out and admit that yes, they do indeed want to seize the guns of law-abiding Americans.
  • More on “Red Flag” laws:

  • Active shooters are a rounding error. “If you feel the need to take training to protect your life and the lives of your loved ones, take a Defensive Driving Course.” (Hat tip: Karl Rehn.)
  • “AT&T employees took bribes to plant malware on the company’s network. DOJ charges Pakistani man with bribing AT&T employees more than $1 million to install malware on the company’s network, unlock more than 2 million devices.”
  • Two Amazon subcontractor drivers stole an estimated $10 million worth of goods over several years, selling many items through pawn shops.
  • “Minimum Wage Hikes in NYC Are Forcing Businesses to Cut Jobs and Raise Prices.”
  • Washington Post writer goes through Sugar Detox.

    But here’s the part that blew my mind: I started to lose weight. Before the detox I weighed 166 pounds. Twelve weeks later, I hit a new low adult weight: 155. I’ve cinched in my belt a notch. My bloodwork looks much better (my triglycerides dropped by half in six weeks). And as my belly fat has reduced, I do feel better and more energetic.

    The weight-loss and triglyceride reduction mirrors my own experience when I first went on Atkins.

  • Speaking of meat: the vegetarians who became butchers.
  • New York Times revenues continue to decline. I’m sure that somehow this is all Russia’s fault…
  • Leftwing protestors call for the murder of Senate Majority Leader Mitch McConnell. Naturally Twitter suspended the account…of his reelection campaign, for showing videos of leftwing protestors calling for his murder:

  • Lunatic tranny balls-waxing lawsuit filer Jonathan Yaniv arrested for brandishing a stun gun.
  • Uber lost $5.24 billion this quarter. That’s with a “B”.
  • At least two people on Joaquin Castro’s list of San Antonio Trump donors also donated to him. (Hat tip: Director Blue.)
  • ”Democrats Propose Creation Of National Trump Voter Registry.
  • “Experts Warn We Have Only 12 Years Left Until They Change The Timeline On Global Warming Again.”