Posted originally on CTH on April 9, 2025 | Sundance
“Shark Tank” star and investor Kevin O’Leary says President Trump’s tariffs on China aren’t high enough and calls for a 400% tariff on the country. “It’s time to squeeze Chinese heads into the wall.”
O’Leary wants President Trump to go full wolverine. Awesome. WATCH:
Full Segment Below:
My thoughts: Replace the Tech Bro regiment with union Democrats. We were always destined to lose Silicon Valley, lets control the timeline of departure. The self-interest dynamic has now shifted. Ship the Tech Bros to China, then invite Vladimir Putin to a State Dinner.
We are at a very important inflection point. If we are going to face The Big Ugly with China, we cannot afford divided loyalties. We cannot afford conflicted interests.
Pull in the knuckle-draggers, the pipefitters, the hardcore unions and even the sketchy elements of the criminal underground who at least love America more than all else. The core weapons we now need are brutal power, economic nationalism and industrial patriotism.
We are now at the moment when we need Whiskey to replace Soy. It’s time to get mean, brutally, harshly mean. Delicate sensibilities must be dispatched like a feather in a hurricane.
Posted originally on CTH on April 9, 2025 | Sundance
This is an excellent example of what Attorney General Pam Bondi should be focused on instead of her appearances on Fox News.
The Federal Housing and Finance Agency has released a public statement highlighting an internal review and investigation of conduct within Fannie Mae that has resulted in the termination of over 100 employees for “unethical conduct” including the “facilitation of fraud.”
If the FHMA is finding intentional fraud within the housing loan offices, those federal employees should be arrested and legally prosecuted for their conduct. It is not enough to just fire people, there has to be legal accountability. These are the government regulators for Fannie Mae and Freddie Mac.
Washington, D.C. — Today, the U.S. Federal Housing Finance Agency (U.S. Federal Housing FHFA) and Fannie Mae issued the following statement:
“In President Trump’s housing market, there is no room for fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” said William J. Pulte, Chairman of the Board of Directors of Fannie Mae. “Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company. Anyone who commits fraud against Fannie Mae does so against the American people.”
“I would like to thank Director Pulte for his empowering of Fannie Mae to root out unethical conduct, including anyone facilitating fraud. We hold our employees to the highest standards, and we will continue to do so,” said Priscilla Almodovar, President and Chief Executive Officer of Fannie Mae. [SOURCE]
Posted originally on Apr 9, 2025 by Martin Armstrong
China is the world’s largest car producer and exporter. A little-known fact is that China first became the world’s largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation’s auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of domestic passenger vehicle market share in Q1 2025.
The growing popularity of higher-tech, EV cars has aided China’s auto sector. BYD overtook Tesla to become the world’s top EV company. BYD actually surpassed Tesla in terms of revenue back in 2018, but the two companies had tight competition. As of 2024, BYD exported 4.27 million vehicles worldwide, compared to Tesla’s 1.79 million vehicle sales. In 2025, BYD delivered 416,388 BEVs, exceeding Tesla’s 336,681 vehicles for two consecutive quarters. BYD surpassed Tesla in annual revenue for the first time in 2024, generating $107 billion (29% YoY increase) after experiencing a 40% increase in battery electric and hybris vehicle sales. Tesla posed a slight 0.95% YoY growth in 2024, generating $97.7 billion in revenue, but auto sales accounted for only $72.5 billion of total revenue.
Overall, China exported 5.86 million vehicles in 2024, a 19.3% annual increase. Mexico, Russia, Brazil, and the UAE were the top buyers. China sold4.96 million passenger vehicles (19.7% YoY increase), 900,000 commercial vehicles (17.5% YoY increase), and 1.28 million new energy vehicles, as well as 987,000 battery-electric vehicles.
Japan is the world’s second-largest car exporter, exporting 4.22 million vehicles in 2024. This marked a -4.5% decline from 2023. Toyota remains Japan’s leading vehicle, accounting for $312.28 billion in revenue and 830,048 million vehicles.
Germany is holding onto third place in auto exports. In 2024, Germany exported 3.4 million passenger cars, marking a 2.5% annual increase. Around 25.9% of all vehicles exported from Germany last year were electric. Volkswagen Group remains Germany’s star, generating $354.86 billion in revenue for the year.
In February 2025, China’s autos accounted for 27.5% of total auto sales globally. Now, these cars are not only cheaper than what other nations like Germany or the US can produce but also more technically advanced. Governments have been placing levies in China’s auto sector for the past few years, as there is a belief China has an unfair advantage. Chinese companies are not separate from the government.
The CCP has been injecting tons of capital into private companies to expand rapidly and undercut competitors’ prices. These companies also have reduced risk as they have the government’s backing. Labor costs are far cheaper in China, and the nation does not need to export vehicle parts for production. Overall, China has been able to rapidly infiltrate the global auto markets and become the global leader.
Posted originally on Apr 9, 2025 by Martin Armstrong
European Union leader Ursula von der Leyen has proposed a zero-for-zero-tariff deal with the United States after the EU was hit with a 25% tariff on steel and aluminum, followed by another 20% levy. The 27-nation bloc will be unable to agree on this proposal, especially since Donald Trump declared that a zero-for-zero deal is not sufficient.
“We stand ready to negotiate with the United States. Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal,” Von der Leyen said on Monday. Dutch Trade Minister Reinette Klever agreed with Von der Leyen, saying that the best way to respond is to remain calm and de-escalate the situation.
Others, of course, France, disagree and want to begin retaliatory measures. “We cannot exclude any options on goods or services and, however we approach it, open the box to the European tool, which is very comprehensive and which can be extremely aggressive,” French Trade Minister Laurent Saint-Martin said. French President Macron, a longtime personal foe of Donald Trump, insists that the EU should abandon all investment in the US, unaware that such a move would hurt the region. Macron will likely take a trade agreement as a personal defeat.
Trump is willing to negotiate but said a zero-for-zero trade deal is insufficient. “We have a deficit with the European Union of $350 billion and it’s gonna disappear fast,” Trump declared. “One of the ways that that can disappear easily and quickly is they’re gonna have to buy our energy from us … they can buy it, we can knock off $350 billion in one week. They have to buy and commit to buy a like amount of energy.” Von der Leyden was somewhat receptive and said the bloc would consider purchasing American liquefied natural gas.
The European Union desperately needs a new energy exporter after the remaining flow of oil from Russia was cut off by Ukrainian President Zelensky. The bloc will vote on its next move today, but as we recently heard from incoming German Chancellor Friedrich Merz, the EU is prepared to abandon any remaining fragments of democracy to ensure Brussels has the final say.
Every issue that the European Union faces is a reminder that a centralized one-European government cannot function. It was doomed from the start, as I have explained in depth on this blog. Each nation has its independent needs, and Brussels utterly disregards those needs if it does not meet its agenda.
Certain Eastern European nations were far more reliant on Russian energy, and yet, Brussels sided with Ukraine to prevent them from accessing that crucial resource. I believe it will become more apparent as time goes on that individual nations have no voice in the European Union, but they will not realize the authority they surrendered until their individual economies turn down and Brussels shows its true disdain for member nations.
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