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Monday, Apr 07, 2025 - 00:53 SGT
Posted By: Gilbert

Smells Like Liberation Spirit

An Economic Revolution for the (Golden) ages is now well underway, with the Global Reciprocal Tariffs of GEOTUS now in place and being collected by U.S. customs agents.


And in that very order!
(Sources: That Mad Genius! from Feb 5, fulcrum.sg)


It might be apropos to check on this blog's projections on the affair from February - which appear to be spot-on, thus far. China and the European Union headed a very long list of countries and territories now very kindly charged a discounted tariff rate by Great America, as apparently determined by the experts over at the Office of the United States Trade Representative. Online tinkerers have since reverse-engineered the formula used as more or less half the U.S. goods trade deficit divided by the total goods imported from a country, which is a... somewhat novel definition, to say the least.

Well, we did repeatedly emphasize that all would be tariffed, which turned out to be even more comprehensive than expected; Singapore for one had a 10% tariff imposed despite our (goods) trade deficit with the U.S., to which our Ministry of Trade and Industry has (probably wisely) decided not to retaliate, given that it's already the baseline minimum being imposed. To this, our new Prime Minister has voiced concern that "we cannot expect that the rules which protected small states will still hold", which may be something of an understatement given recent changed circumstances.

While online sentiment amidst an (expectedly) crashing stock market has not been very positive towards the tariffs, the rationale behind them has not been covered well - or fairly - by the mainstream media either. As again noted in early February here, the U.S. national debt and aggregate trade deficit is one thing, but the loss of their industrial base is another; this was echoed by GEOTUS in his official announcement on Liberation Day, in which reclaiming jobs and factories, supercharging the domestic industrial base and increasing production were declared to be the main drivers of the sweeping measure.

And as to what end the returned industry will be put towards... odds are it would be the twilight struggle of Cold War II!



They're onto us too, dang it!
(Sources: abc.net.au)




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