Reciprocal Tariffs Begin, Switzerland Leaves DC Empty Handed, German and China Trade Surplus with USA Declines


Posted originally on CTH on August 7, 2025 | Sundance

The financial pundits are putting their customary spin on it, but overall as the reciprocal tariffs begin, things are going well.

China’s trade surplus with the US declined to USD 23.74 billion in July, down from USD 26.57 billion in June, as both exports and imports with the US declined, falling 21.7% and 18.9%, respectively. {LINK}

For Germany, exports to the U.S. sli

d 2.1% to 11.8 billion euros, the third consecutive monthly decrease and the lowest value since February 2022, Destatis said. They were 8.4% lower than the same month last year. {LINK} However, since imports from the U.S. increased at the same time, this narrowed Germany’s trade surplus in goods with the U.S.

Swiss President Karin Keller-Sutter left Washington empty-handed on Wednesday after a hastily arranged trip to avert a crippling 39% tariff on the country’s exports to the United States, its biggest market, three sources familiar with the matter said. {LINK}

Reciprocal tariffs begin today. “Before Thursday, virtually every country’s goods were subject to a minimum 10% tariff. Now rates vary substantially from country to country.”

The highest rates imposed are on goods from Brazil (50%), Laos (40%), Myanmar (40%), Switzerland (39%), Iraq (35%) and Serbia (35%).

An additional 21 countries also face levies greater than 15%. That includes several countries the US relies heavily on for a variety of goods, such as Vietnam (20%), India (25%), Taiwan (20%) and Thailand (19%).

Goods from India could also be subject to an additional 25% tariff stacked on top of that because of an executive order Trump signed Wednesday that seeks to penalize India for purchasing oil from Russia. That second tariff is slated to take effect on August 27.

Thirty-nine countries’ goods, as well as members of the European Union, are subject to 15% tariffs, according to a list the White House published last week.

Besides Canada and Mexico, all other countries the US imports goods from will continue to face a minimum 10% tariff, albeit with a few exemptions.

Goods from Mexico and Canada are exempt from tariffs if they’re compliant with the US-Mexico-Canada free-trade agreement. If not, goods from Mexico are subject to 25% tariffs, while goods from Canada are subject to 35% tariffs, up from 25% previously. (more)

President Donald Trump and President Vladimir Putin Will Meet in Coming Days


Posted originally on CTH on August 7, 2025 | Sundance

The Kremlin is announcing that President Trump and Russian President Vladimir Putin have agreed to meet in person and have agreed to the venue.  The meeting will take place “in coming days,” which indicates soon.

LONDON — The Kremlin on Thursday said Russia President Vladimir Putin agreed to meet with U.S. President Donald Trump, though a specific date or location has yet to be announced.

Putin adviser Yuri Ushakov said that a “meeting between Putin and Trump (will take place) in the coming days,” adding that “work on the summit has now begun,” the Kremlin says.

Ushakov said that White House special envoy Steve Witkoff had raised the idea of a trilateral meeting between Putin, Trump and Ukrainian President Volodymyr Zelenskyy but that the upcoming meeting would only be between Trump and Putin, the Kremlin said.

“The venue of the meeting between the presidents of the Russian Federation and the United States, Vladimir Putin and Donald Trump, has been agreed, and the Kremlin will inform about it later,” Ushakov said.

Though no specific location was disclosed, Ushakov suggested that Russia was “many friends who are ready to help us organize such events.”

“One of them is the President of the United Arab Emirates. I think we will decide, but it would be one of the most suitable, quite suitable places,” Ushakov said.

No date or location has been confirmed by either Russia or the United States. (read more)

HERE is the direct question response from Russian President Vladimir Putin.

Question: Given the recent news about your upcoming meeting with President Trump, who initiated it?

President of Russia Vladimir Putin: Both sides expressed interest. At this point, who reached out first is no longer relevant.

Question: Could you clarify please? Your Aide Yury Ushakov mentioned that the meeting will likely happen next week. Do you have any details on the location – even just a hint?

Vladimir Putin: We have many friends willing to help organize such events. One of them is the President of the United Arab Emirates. The exact venue is still being decided, but the UAE would be one of the suitable options.

Question: What about Zelensky? Will you be meeting with him?

Vladimir Putin: I have said repeatedly that I have no objection to meeting with him in principle – it is possible. But certain conditions must be in place first. Unfortunately, we are still far from that point.

[SOURCE]

Apple Plans To Invest 600$ Billion In US Over Next 4 Years, President Trump And Tim Cook Live From The Oval Office


Posted originally on Rumble By Bannon’s War Room on: August 6, 2025

WINNING FORMULA: E.J. Antoni On President Trump’s America First Tariff Policy


Posted originally on Rumble By Bannon’s War Room on: August 6, 2025

General Flynn: Flynn’s Rules Of Diplomacy For American Officials


Posted originally on Rumble By Bannon’s War Room on: August 6, 2025

US Treasury to Print $500 Bills?


Posted originally on Aug 7, 2025 by Martin Armstrong |  

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Rumors are circulating that the United States may begin to print $500 bills. The US Bureau of Engraving and Printing began printing $500 bills in 1861 until 1945, formally discontinuing them in 1969 when Nixon moved to close the gold window. The US Treasury has since required banks to send all $500 bills back to them to be destroyed, as the government claimed higher-denominated notes paved the way for criminal activity.

Collectors know that the US Treasury issued $1,000, $5,000, $10,000, and even $100,000 notes once upon a time. The $100,000 bill featured President Woodrow Wilson and was issued as a gold certificate from 1934 to 1935. That particular bill was not publicly circulated. No citizen needed to use such currency in day-to-day transactions. The $10,000 note was primarily used for transactions between domestic Federal Reserve Banks, as digitalization had not yet occurred, and they needed an efficient way to move capital.

The rumors about the $500 bill’s revival are not wholly unfounded. Rep. Paul Gosar (R-Ariz.) introduced a bill in 2024 to reintroduce the $500 bill, replacing William McKinley’s image with Donald Trump’s. This was more than political pandering; besides, Congress would certainly never approve of a note featuring Donald Trump’s image. However, the government could be enticed to reintroduce higher-denominated notes due to INFLATION. This is precisely why the penny will be discontinued, as it represents absolutely nothing and is a reminder that our currency is becoming increasingly devalued.

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A new $500 bill would mirror historical currency debasement as we saw in Rome under Diocletian, for example, which comes before a collapse. Printing higher-denomination notes is not just a reflection of price increases, but a sign that the people are losing trust in the value of the USD. Now, even the highest-denominated cash note will not get one far, paving the way for digitization as cash becomes an inconvenient burden. If the US were not eager to digitize banking, we would undoubtedly see higher-denominated notes in circulation once again to mask the effects that inflation has had on the value of the dollar.

America has never canceled its currency, and all of these notes are still deemed legal tender, although they are far more valuable to collectors than their face value. The Federal Reserve does not currently have plans to print the $500 bill despite rumors. The goal is to move the nation to digital currency, and cash is becoming increasingly worthless in transactions. Still, providing a limited-edition $500 note would not be unheard of in today’s economic landscape.

Four EU Nations Announce $1 Billion Arms Deal with US


Posted originally on Aug 7, 2025 by Martin Armstrong |  

PatriotMissile

The European Union pivoted its stance on US defense as soon as the funds began to flow to Ukraine again. Although leaders like Macron and Merz previously warned against relying on the US for aerospace and defense, four EU nations have announced a $1 billion arms deal with the US through a new initiative devised by the US and NATO.

It’s either that or leave Ukraine without weapons,” one NATO official, speaking on condition of anonymity as they aren’t authorized to speak on the record, told RFE/RL in regard to purchasing from the US. “I think on the European side there is a hard realization that this has to happen in some fashion or another.” This comes after the Ukraine Defense Contact Group, an alliance of 50 nations, held a virtual meeting at the end of July to decide how they would continue funding the proxy war.

The Dutch government agreed to spend around $576 million on US Patriot missile defense systems for Ukraine. Sweden, Denmark, and Norway plan to spend another $500 million on American defense collectively. “By supporting Ukraine with determination, we are increasing the pressure on Russia to negotiate,” Dutch Defence Minister Ruben Brekelmans posted on X. “The more Russia dominates Ukraine, the greater the danger to the Netherlands and our NATO allies,” he said. Continually arming the opponent is not going to open the door to peace negotiations. It only alerts Russia that it must continue fighting for the foreseeable future, as this war is NOT against Ukraine but against the entire NATO alliance.

Swedish Defence Minister Pal Jonson said his nation plans to offer $275 million toward the deal. “Ukraine is not only fighting for its own security, but also for our security,” Jonson declared. Of course, all of this spending of public funds is being done under the premise of national security. European governments are lying to their people. They know Russia has no plans or desire to invade Europe, as there is nothing to gain by doing so.

NATO Secretary General Mark Rutte, the former Dutch prime minister, praised the northern European nations for their willingness to invest. “Since the earliest days of Russia’s full-scale invasion, Denmark, Norway and Sweden have been steadfast in their support for Ukraine. I commend these allies for their quick efforts to get this initiative off the ground,” Rutte said in a statement. As a reminder, all NATO members must up their spending to 5% of GDP, although they previously could not even meet the 2% target.

Santa Claus Mask

These deals will now go through the Priority Ukraine Requirements List (PURL), created by NATO and the US. Basically, Ukraine writes a list for Santa, or in this case, the US, listing its most requested weapons of choice. NATO’s Supreme Allied Commander Europe (SACEUR) then approves of the wish list and tells US manufacturers to deliver Ukraine anything it desires. The Netherlands’ half-billion-dollar purchase was the first gift basket to go through this program.

PURL plans to send $10 billion worth of American-manufactured arms to Ukraine. But the US is not Santa, and there are no elves creating weapons. Lockheed Martin and Raytheon are increasing their production of Patriot missiles, following Rutte’s suggestion that NATO nations will supply Ukraine with at least 17. NATO nations are required to pay upfront for their gifts to Ukraine to bypass the typical US arms sales process. The taxpayers did not vote to send $10 billion to Ukraine, but NATO and EU nations are beholden to unelected bureaucrats who dictate the rules.

President Trump and Apple CEO Tim Cook Make Announcement – With Press Q&A


Posted originally on CTH on August 6, 2025 | Sundance 

Apple CEO Tim Cook joined President Donald Trump at the White House to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 billion over the next four years. Apple is now committed to investing $600 billion in expanded U.S. manufacturing.

The media questioning begins at 20:00 of the video below.  WATCH:

“This includes new and expanded work with 10 companies across America. They produce components — semiconductor chips included — that are used in Apple products sold all over the world, and we’re grateful to the President for his support,” Cook said in a statement announcing the investment.

The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others.

President Trump Releases Statement on Putin/Witkoff Meeting


Posted originally on CTH on August 6, 2025 | Sundance

Presidential Envoy Steve Witkoff held another meeting with Russian President Vladimir Putin earlier today. This is the fifth meeting between Steve Witkoff and Vladimir Putin.

Witkoff has spent more time with Putin than any government official in recent history.

“My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. Great progress was made! Afterwards, I updated some of our European Allies. Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come. Thank you for your attention to this matter!” ~ President Trump

Assistant to the President of Russia, Yuri Ushakov, on negotiations with Witkoff:

The US President’s special envoy Steve Witkoff was received by our president today. A very useful and constructive conversation took place. If we name the topics, first of all, of course, it is the Ukrainian crisis. And the second topic is the prospects for possible development of strategic cooperation between the US and Russia.

On our side, in particular on the Ukrainian issue, some signals were conveyed. Corresponding signals were received from President Trump as well.

The situation now is that our president has full information, that is, our signals and signals from President Trump. And Trump has not yet been informed about the results of this meeting. Therefore, I would refrain from more detailed comments. Let’s see when Witkoff can report to Trump about today’s conversation. After that, obviously, I will be able to supplement my comments more substantially.

WATCH: President Trump Takes Questions From Press On Texas Redistricting


Posted originally on Rumble By Bannon’s War Room on: August 5, 2025