American CFOs Believe Tariffs Will Cause Recession – Confidence is Dying


Posted originally on Mar 26, 2025 by Martin Armstrong 

tarifftradewarmeme

American businesses are losing confidence in the US economy under Trump due to the tariff wars. CNBC’s CFO Council quarterly survey for Q1 2025 learned that America’s top CFOs are increasingly pessimistic about the economy due to these “disruptive” and “aggressive” tariff policies.

Around 60% of respondents believe the US will fall into a recession by the second half of this year, with 15% believing the recession will come in 2026. When this survey was conducted last quarter, prior to the tariff wars and trade volatility, only 7% of CFOs believed the nation was heading into a recession. This figure is a glimpse at how heavily trade uncertainty is destroying confidence.

How do corporations plan ahead when trade restrictions are subject to change at a moment’s notice? It’s simply not possible, and what happens is corporations will err on the side of caution and prematurely raise prices regardless of whether the tariffs go into effect. Unsurprisingly, nearly all (95%) of respondents said ever-changing trade policies are impacting their ability to make business decisions. Will tariffs be implemented? When? At what rate? The uncertainty is causing complete chaos in boardrooms across America.

Another 30% cited inflation as the biggest business risk but that is currently directly tied to this tariff ordeal, as is the valid concern of consumer demand (20%) as the people are also losing confidence in the economy and therefore are less likely to spend. Everything is connected. Inflation rises and demand drops as the people are unwilling and/or unable to spend.

Then 90% believe tariffs will create “resurgent inflation,” and half do not believe the Fed will be able to meet the 2% inflation target until the second half of 2026, if not 2027. I explained in an earlier blog post how the Fed cannot control tariff inflation through rates as rates do not offset higher prices set by trade barriers.

I have repeatedly warned that this tariff fiasco could be the nail in the coffin for Trump’s legacy. Those advising Trump are idiots who do not understand how the world economy functions. America will not be “liberated” on April 2 when many of these tariffs are set to go into effect. America cannot have a boom when the rest of the world is contracting. The world economy and peace survive on free trade.

Rep. Jim Jordan Announces House Judiciary Hearing to Grill Radical Judges Over Partisan Rulings


Published originally on Rumble By The Gateway Pundit on Mar 24, 2025 at 1:00 pm EST

NCAA Champion Tells FOX News How It Was Meeting President Trump After His Victory


Published originally on Rumble By The Gateway Pundit on Mar 23, 2025 at 11:00 am EST

President Trump Notifies Judge Boasberg Administration Invoking States Secrets Privilege


Posted originally on CTH on March 25, 2025 | Sundance

The Trump administration has filed notice to federal Judge James Boasberg that he is intruding into matters of which he has no competency or authority. [SEE HERE]

President Trump through the DOJ has filed notice with Boasberg that his inquiries into execution and enforcement of the Alien Enemies Act, and the deportation of criminal illegal aliens, is an intrusion into issues of national security.  The U.S constitution and prior Supreme Court rulings affirm the Judicial Branch cannot interfere.

[Source]

Additionally, the Trump administration informs the court that further intrusion into these Executive Branch matters creates a valid constitutional problem that rests solely on the shoulders of Judge Boasberg for creating it.

The administration attaches sworn affidavits from Secretary of State Marco Rubio and Dept of Homeland Security Director Kristi Noem in all regards to the declarations of national security interests.

Rubio HERE

Noem HERE

President Trump and Cabinet Members Discuss Purposeful Fraud Discovered During Financial Review of Various Agencies


Posted originally on CTH on March 25, 2025 | Sundance

Following a cabinet meeting, President Donald Trump and the various cabinet members hold a public press availability to outline fraud discovered within the budgets and spending of the agencies they head.  Several examples of demonstrable fraud were highlighted by DOGE team lead Elon Musk, the Small Business Administration, the Environmental Protection Agency, the Dept of Energy, the Dept of Veterans Affairs and others.

President Trump explains that targeting the governmental spending “fraud” is critical as his administration focuses on growing the economy and bringing in major U.S. investment.  Most of the spending being highlighted is fraud within the business model of U.S. politics.  As noted by President Trump, it is not waste or abuse, it is simply fraud.

Commerce Secretary Howard Lutnick outlines his expectations in advance of April 2nd, economic liberation day.  HHS Secretary RFK Jr outlined how the DOGE team is helping to streamline the goals and objectives of the healthcare system. President Trump guides the MAGAnomic conversation around the various cabinet secretaries.

Dept of Homeland Security Secretary Kristi Noem outlined how border patrol now has almost complete control over the U.S. border, and how the deportation operation is now removing record numbers of illegal aliens.

The Q&A session with media begins at 23:14 of the video above.

President Trump asks for Secretary Marco Rubio [24:57 of video] to review foreign policy and the Ukraine-Russia negotiations that are underway in Saudi Arabia.  President Trump also notes the mid-east policy program is restarting the Abraham Accords to bring more nations into the alliance to stop regional hatred and create peace.

Around the 28:00 moment, President Trump notes the MAGAnomic policy initiatives that are starting to reduce prices.  The price of energy input products is dropping rapidly along with gasoline and core food ingredients.  Around 31:30 Treasury Secretary Scott Bessent outlines how Treasury is positioning policy to assist in economic growth.

At approximately the 34:00-minute mark, President Trump asks Transportation Secretary Sean Duffy about air safety and the goal of a new Air Traffic Control system.  Secretary Duffy outlines the importance of DOGE to deliver solutions and assist with identifying problems.

Attorney General Pam Bondi who is primarily in position to keep the administration -and Trump himself- defended from Lawfare attacks, outlines how the DOJ is taking investigative referrals from the various cabinet members and will review identified instances of fraud for prosecution when warranted.

President Trump concludes the press availability by defending Elon Musk and his DOGE team from the attacks against him and his companies.

More Winning – President Trump Announces Major $20 Billion Investment from Hyundai in United States


Posted originally on CTH on March 25, 2025 | Sundance

Tariffs simply work. This is no longer a debatable issue, and decades of Wall Street gaslighting collapses as the outcomes of tariffs generate visible economic benefits for all Americans.

South Korea-based Hyundai and President Donald Trump announced a $20 billion investment in US on-shoring on Monday, which includes a $5 billion steel plant in Louisiana,

The $5.8 billion Louisiana facility will be the car manufacturers’ first steel manufacturing facility in the US and will produce more than 2.7 million metric tons of steel a year and create more than 1,400 jobs. It will supply steel to auto plants in Alabama and Georgia, Trump said in remarks at the White House.

The announcement at the White House included President Trump, Hyundai Chairman Euisun Chung and Louisiana Governor Jeff Landry. WATCH:

The Hyundai announcement comes as the highly anticipated April 2nd “reciprocity tariffs” are scheduled to begin against all nations.  For the EU this means an end to the 80-year-old Marshal plan of economic benefit.

Effective April 2, 2025, the U.S. will begin a process of reciprocal tariffs on imports from all nations with tariffs against U.S. products.

If a nation charges a 20% tariff on a U.S. good, in combination with a 20% non-tariff trade barrier, President Trump will calculate the financial impact and then reciprocate with a 40% tariff put on that nation’s goods being imported to the USA.

Globally, all nations are calculating how to deal with this issue.  Hyundai’s best position calculations end up with this announcement.

President Trump is encouraging investments in American manufacturing, with similar announcements being made by Taiwan Semiconductor Manufacturing Company (TSMC) and Japan’s SoftBank.

Apple said last month it would invest $500 billion to expand facilities, manufacturing and projects across the United States over the next four years. The announcement appeared to be aimed at helping the company avoid new tariffs on goods imported from China.

Oracle, OpenAI and SoftBank also announced in January that they would team up to create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States. Together, the companies plan to invest $500 billion into the project in the coming years.

President Trump Announces Secondary Tariff Regime Against Nations Who Purchase Venezuelan Oil


Posted originally on CTH on March 24, 2025 | Sundance

President Trump makes an announcement of secondary tariffs targeting Venezuela by triggering a 25% tariff against any nation who purchases Venezuelan oil or gas.

China is the largest purchaser of Venezuelan oil, followed by the USA after Joe Biden changed the sanctions regime.

The tariff timeline is set to trigger on April 2nd, the same date as the reciprocal tariffs against all nations.

Truth Social – “President Donald J. Trump announced today that the United States of America will be putting what is known as a Secondary Tariff on the Country of Venezuela, for numerous reasons, including the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature.

Among the gangs they sent to the United States, is Tren de Aragua, which has been given the designation of “Foreign Terrorist Organization.” We are in the process of returning them to Venezuela — It is a big task! In addition, Venezuela has been very hostile to the United States and the Freedoms which we espouse.

Therefore, any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country. All documentation will be signed and registered, and the Tariff will take place on April 2nd, 2025, LIBERATION DAY IN AMERICA. Please let this notification serve to represent that the Department of Homeland Security, Border Patrol, and all other Law Enforcement Agencies within our Country have been so notified. Thank you for your attention to this matter!” [Source]

U.S, Ukraine and Russian Technical Negotiation Teams Meet in Saudi Arabia


Posted originally on CTH on March 24, 2025 | Sundance

Yesterday, Sunday night, the U.S technical delegation met with representatives from Ukraine to get deeper into specifics of what Ukraine wants for a ceasefire.  The meetings are taking place in Saudi Arabia.

The Ukrainian delegation was led by Defense Minister Rustem Umerov.  Heorhii Tykhyi, foreign ministry spokesperson, said on Friday the Ukrainian and American sides were due “to clarify the modalities, the nuances of possible different ceasefire regimes, how to monitor them, how to control them, in general, what is included in their scope”.

Following the meeting with the Ukrainian delegation who, together with elements of the CIA/EU and NATO – visibly appear to hold a desire to continue the war (and funding therein), the U.S delegation is scheduled to meet with their Russian counterparts today (Monday).

SAUDI ARABIA – […] Trump said on Saturday that efforts to stop further escalation in the Ukraine-Russia conflict were “somewhat under control”. The U.S. hopes to reach a broad ceasefire within weeks, targeting a truce agreement by April 20, Bloomberg News reported on Sunday, citing people familiar with the planning.

Russian and U.S. experts meeting in Saudi Arabia on Monday are due to discuss ways to ensure the safety of shipping in the Black Sea, the Kremlin has said.

Despite all the diplomatic activity, Russia and Ukraine have both reported continued strikes, while Russian forces have also continued to advance slowly in eastern Ukraine, a region Moscow claims to have annexed.  (read more)

As soon as details can be worked out, hopefully sooner rather than later, President Trump can then schedule a face-to-face meeting with the unelected leader of Ukraine, Volodymyr Zelenskyy and Russian President Vladimir Putin.

With everything currently happening in Turkey –HOT MESS– we can well imagine President Trump wants to speed up this timeline of a ceasefire in Ukraine so that he can enlist Russian President Vladimir Putin on other matters.

A looming realignment is on the horizon in the middle east as Turkey, Syria, Iran and Machiavellian Qatar along with the CIA are likely to form a coalition (pro Muslim Brotherhood group).  This creates an opportunity for President Trump, Egypt, Saudi Arabia and Russia to form a counterbalance alliance.

Russia and the USA working together in the middle east would be a game changer.

Vladimir Putin already has good relations with Mohammed bin Salman (Saudi) and Abdel Fattah al-Sisi (Egypt).  Putin can create the ability for President Trump to bridge the diplomatic gap with Iran.  On the other side of that dynamic, Qatar, Syria, Israel, the CIA and Turkey would not like a Russia-USA peace alignment like that.

Of course, all of this geopolitical positioning is contingent upon getting the issues within the Ukraine-Russia conflict resolved quickly.  However, the NATO group (sans USA), the European Union, United Kingdom and CIA are in no hurry to resolve the conflict, and the officials (including Zelenskyy) within the Ukraine government do not want their financial indulgences to end.

The technical negotiation teams may be discussing the challenging stuff about how to secure a ceasefire, but the background motives for the Ukrainian elements are not necessarily aligned with peace as their best personal option.

Ep. 3603a – Elon Confirms The People’s Money Supports The [DS] World, Time To End The [CB]


Posted originally on Rumble By X 22 Report on: Mar 23, 2025 at 7:45 pm EST

Ep. 3602b – Trump Is Countering The Insurgency By Revoking The [DS] Security Clearance, Shutdown


Posted originally on Rumble By X 22 Report on: Mar 22 2025 at 4:30 pm EST