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Trump: Tariffs Bring In $2 Billion a Day
President Donald Trump stated that the U.S. is collecting $2 billion every day through tariffs.
“We’re taking in almost $2 billion a day in tariffs,” Trump remarked during a signing event at the White House in Washington, D.C., where he also announced changes to coal regulations. “And we’re doing very well in making I call them tailored deals; not off the rack. These are tailored, highly tailored deals.”
Trump continued, “Right now, Japan is flying here to make a deal. South Korea is flying here to make a deal. … We have a lot of countries coming in. They want to make deals. If I told them about making those deals two years ago or three years ago or five years ago, they’d be laughing at us. Now, they’re all signing up.”
Earlier in the day, Treasury Secretary Scott Bessent mentioned that nearly 70 nations have approached the U.S. administration to renegotiate trade agreements.
Trump’s statement was made without elaborating on specifics. Since he took office in January, the president has enforced a wide range of tariffs on various countries.
According to the U.S. Treasury Department’s daily report on deposits and withdrawals from its general account, which handles the federal government’s finances, deposits under “Customs and Certain Excise Taxes” have averaged around $200 million daily for the month.
For the full month of February, the Treasury collected approximately $7.25 billion in customs duties. The Treasury’s budget statement for March, which will be released Thursday, will provide the latest monthly figures.
{Matzav.com}
Kashrus Alert From the KOF-K
[COMMUNICATED]
CNN: Iran Exploits Swedish Teens To Attack Jewish, Israeli Targets
Trump Pauses Tariff Hikes For 90 Days Against Most Countries, Hikes China Rate To 125%
Today, President Trump declared that his aggressive “reciprocal” tariff policy would be put on hold for 90 days in response to offers from multiple nations. However, tariffs on goods from China would increase to 125% due to what he called a “lack of respect” from Beijing.
“Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the [US Trade Representative], 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 stated on Truth Social, causing a surge in Wall Street’s performance.
“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 continued in his post. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”
{Matzav.com}
Rand Paul: ‘Absolutely a Fallacy’ U.S. Getting Ripped Off Because of Trade Deficits
During an appearance on CNBC’s Squawk Box on Tuesday, Senator Rand Paul (R-KY) strongly challenged the idea that America is being taken advantage of in international trade deals simply because it runs a trade deficit. He argued that the entire premise is flawed and reflects a misunderstanding of how trade works.
“I mean, the whole debate is so fundamentally backwards and upside down. It’s based on a fallacy, and the fallacy is this, that somehow, in a trade, someone must lose. That somehow, when you trade with someone, there’s a loser and someone’s taking advantage of you, and China is ripping you off, or Japan is ripping you off. It’s absolutely a fallacy. Every trade that occurs in the marketplace is mutually beneficial,” Paul said.
Explaining his position further, Paul offered a simple analogy to illustrate how voluntary exchange is inherently beneficial to both parties involved.
“If you have a free society and I trade with you, if you want to sell me your coat and I give you $200 for it, we both agree to it and we’re both happy with the trade. No American consumer trades with China. They trade with Wal-Mart or they may buy something from China, but they individually buy something they want and they make a decision. The trade is always a win-win. Now you can artificially do this accounting between countries and say, ‘Oh, trade deficit, look at this trade deficit,’ but I have a trade deficit with my grocery store.”
He continued by pointing out that the concept of a “trade deficit” often distorts the actual value of the transactions taking place, especially when applied to individuals or businesses.
“The people who employ me, if I work for Corvette and they employ me, they have a trade deficit with my labor. They buy my labor and I never buy their cars. So you can have this artificial accounting and it makes it look like a bad thing, but you have to ask yourself, is trade good or bad? And if you look at the trade deficit, in times of a recession the trade deficit goes down. So if the tariffs push us into a recession, we could reduce the trade deficit because we’re all buying less stuff. We have to get back to the fundamentals of, is trade good or is trade bad?”
{Matzav.com}
START NOW! Watch Daf Beis in Maseches Makkos
Shock Poll: 55% of Leftists Believe It’s Justifiable to Assassinate Trump
By John Nolte, Breitbart
A troubling new study backs up what has become obvious since the November presidential election: the political left is seeking to normalize and use violence to achieve its fascist political goals.
This is also known as terrorism.
The Network Contagion Research Institute (NCRI) recently issued a new report which “found that a growing number of people are willing to justify and even applaud killing in the name of politics and a warped sense of social justice,” per Fox News. “The chilling change appears to have accelerated in recent months.”
Joel Finkelstein, one of the lead authors of the report, told Fox: “What was formerly taboo culturally has become acceptable [on the left]. We are seeing a clear shift – glorification, increased attempts and changing norms – all converging into what we define as ‘assassination culture.’”
That is the study’s term for it: “assassination culture.”
According to the study, the left’s embrace of violence to achieve a political end began with the assassination of UnitedHealthcare CEO Brian Thompson last December. After Luigi Mangione was arrested and charged with the assassination, the left immediately turned him into a folk hero. There is even a ballot measure in California called the Luigi Mangione Access to Health Care Act.
Finkelstein explained that the Luigi fanboying merely opened the door to this frightening acceptability. The left’s assassination culture has spread ever since.
“It’s not just Luigi anymore,” Finkelstein told Fox. “We’re seeing an expansion: Trump, Musk and others are now being openly discussed as legitimate targets, often cloaked in meme culture and gamified online dialogue.”
This culture can be found primarily in Democrat safe spaces like the X alternative BlueSky.
The most chilling information is found in the NCRI poll of 1,200 adults. A disturbing 48.6 percent of those who self-identify as “left of center” said the murder of Elon Musk is justifiable. That number increased to 55.2 percent for President Trump. When asked if “destroying Tesla dealerships is partially acceptable,” 57.6 percent of leftists said yes.
“BlueSky was modeled as a safe alternative to Twitter for the left, but what it’s become is an extremist platform,” Finkelstein explained.
He clarified: “We are not an anti-free speech organization, but we know what a threat is. And what’s happening online on platforms like BlueSky represents a significant threat to American democratic values.”
Rather than censor this assassination culture, Finkelstein said: “If leaders on the left explicitly condemn these trends and reassert moral norms, they can dismantle this culture quickly.”
And therein lies the problem.
Leading Democrats will never condemn political violence because they approve of political violence that furthers their cause. The corporate media will never pressure Democrats to condemn this violence because the corporate media approve of (and encourage) political violence that furthers the leftist cause.
Between public schooling, a celebrity culture that promotes narcissism as a virtue, not to mention the everybody-gets-a-trophy mindset of entitlement, what we have among us are millions of leftists who cannot psychologically deal with not getting their way.
Donald Trump’s triumphant reelection sent them spinning. To begin with, after railing against anyone who questioned the 2020 presidential election results, the left could not purge their anger by questioning Trump’s victory—something they’ve done to cope with Republican presidential victories for 25 years. There was no Russia Collusion Hoax this time, either.
Add to Trump’s victory how he hit the ground running with executive orders dismantling the corrupt Deep State infrastructure, like USAID, combined with DOGE, and the left now sees (correctly — tee hee) an existential threat to their national power. They also see in Trump someone who has assembled a loyal and capable team immune to the corporate media’s tired emotional blackmail and other tricks.
The result is a leftist meltdown driven by fear and helplessness. But rather than use next year’s midterm elections as a release valve by organizing and making a case for why the public should trust them again with power, the left is seething with rationalizations for violence against their political enemies.
Get out of the blue cities.
Buy guns.
Have nothing to do with affluent white women who vote Democrat.
That’s the only advice you need.
{Matzav.com}
Over the past day, the IDF says it
IDF Demolishes Home of Palestinian Gunman in Dayr Ibzi’ After Soldier’s Death
Rav David Yosef Meets Mossad Director Barnea, Delivers Pesach Shiur to Mossad Staff
Minyan Held in Georgia en Route to Orlando, Organized by United95.com’s WhatsApp Community
Hamas Releases Video of Rocket Barrage on Ashdod, Fired from Underground Facility
Israeli Forces Arrest Al-Aqsa Martyrs’ Brigades Commander Mahmoud al-Bana in Shechem
TEHILLIM: Condition of Rosh Yeshiva Meir Mazuz Deteriorates
IDF Reveals: Severe Violation Of The Ceasefire Agreement In Lebanon
Schumer: Trump Betraying the American People
JP Morgan CEO: “You’re Going To See A Slow Down”
China Adds 12 U.S. Tech Firms to Export Control List, Labels 6 as “Unreliable”
Schumer: We Want to Take Tariff Authority from Trump We Allowed Biden to Have Because Trump’s ‘Going So Overboard’
During Tuesday night’s episode of CNN’s The Source, Senate Minority Leader Chuck Schumer (D-NY) addressed growing concerns over President Donald Trump’s sweeping new tariffs. When asked whether Democrats missed their chance to reassert congressional control over tariff authority while they held the majority under President Biden, Schumer argued that Congress has always possessed that power and should now act to reclaim it.
“Congress has always had the power to deal with tariffs, and we’ve always had these fights in the past on some of the tariff issues as well. But now that Trump is going so overboard, Congress can, has every legal authority to take those powers back, and that’s what we aim to do,” Schumer said.
Host Brianna Keilar pressed the senator, pointing out how long Congress has historically deferred tariff-setting power to the executive branch. “On the tariff issue, you’ve been in the Senate for more than a quarter-century, and, in that time, Congress has been really willing to delegate tariff power to the president. Should Democrats have reclaimed that power when they had last — the majority? You saw what Trump did in his first term with tariffs,” she asked.
Schumer pushed back, suggesting that although Trump took bold actions during his first term, Democrats were able to limit the impact of those moves. He argued that what’s happening now under Trump’s new plan is far more extreme.
“Well, yeah, but we were able to beat back a lot of what Trump did on tariffs. And nothing is as extensive as this is, over 180 countries affected. Hey, this has been so carelessly done that they’re even taxing — they’re putting tariffs on penguins. There are two islands near Australia –.”
Before he could continue, Keilar interrupted with a follow-up: “I hear what you’re saying, the tariffs are extraordinary now compared to what they were in his first term. But what he did in his first term was also pretty extraordinary. Should Democrats have protected against this?”
Schumer reiterated that legislative authority over tariffs has always rested with Congress and insisted that now is the time to reassert it. He also called on Republicans to break their silence and join Democrats in taking action.
“Congress has always had the power to deal with tariffs, and we’ve always had these fights in the past on some of the tariff issues as well. But now that Trump is going so overboard, Congress can, has every legal authority to take those powers back, and that’s what we aim to do. And we hope our colleagues in the Republican Party, knowing how bad this is, instead of just trembling in their boots because they’re afraid of Trump, join with us and side with the American people.”
{Matzav.com}
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