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Trump’s Tariffs Are Uniting China, Europe, Japan, South Korea, And ASEAN

May 10, 2025 Ben Norton, Geopolitical Economy. , , , , , , ,
Trump’s Treasury Secretary Scott Bessent revealed that the US government has what he called a “grand encirclement” strategy aimed at isolating and weakening China. Trump hit China with tariffs of 145%, imposing what is essentially a trade embargo. The Trump administration wanted to pressure Japan, South Korea, Vietnam, and India to follow the US and “approach China as a group”, Bessent said, according to Bloomberg. This strategy is clearly failing. The finance ministers and central bank governors of China, Japan, South Korea, and members of the Association of Southeast Asian Nations (ASEAN) met in Italy on May 4 and published a joint statement pledging “to further strengthen regional financial cooperation”.

Trump’s Tariffs Turbocharge De-Dollarization

May 6, 2025 Ben Norton, Geopolitical Economy. , , , , ,
Donald Trump has made it clear that one of his top goals is to maintain the dominance of the US dollar as the global reserve currency. When he was running for president in 2024, Trump promised he would punish any country that sought alternatives to the US currency by hitting them with sky-high tariffs. “Many countries are leaving the dollar. They’re not going to leave the dollar with me!”, Trump vowed at a campaign rally. “I’ll say, ‘You leave the dollar, you’re not doing business with the United States, because we’re going to put 100% tariff on your goods'”. Since Trump has returned for his second term as US president, however, his tariffs and trade war have actually accelerated the decline of the dominance of the US dollar, not slowed it.

Chris Hedges Report: The West Serves As Israel’s Police

May 1, 2025 Chris Hedges, Scheer Post. , , , ,
Richard Barnard, Sarah Wilkinson, Asa Winstanley and Richard Medhurst. These are some of the canaries in the coal mine for what is to come in the West as the region’s elite quickly becomes Israel’s international police. Medhurst joins host Chris Hedges on this episode of The Chris Hedges Report to talk about his own experiences in the United Kingdom and Austria, where federal agents and police arrested him and searched his home under draconian counterterrorism laws. “I was just trying to tell the truth as best as I could with the facts that we had at that time and that’s it. And I think they’re trying to make an example out of me, definitely,” Medhurst tells Hedges.

Is Trump The Last Straw For The Dollar System?

April 29, 2025 Radhika Desai, Michael Hudson and Mick Dunford, Geopolitical Economy. , , ,
As regular viewers of Geopolitical Economy Hour will know, we have done many programmes on the dollar’s shaky basis, and on how and why we can expect its role as world money to unravel. Now, suddenly, the Western press is full of forebodings of the demise of the dollar. The Financial Times alone, normally a loyal proponent of the wonders of the dollar system, has published a series of stories, each marshalling a different reason for the dollar system’s possibly imminent demise — over a dozen in April alone. So let me start us off with the following observations: What is interesting is how much these recent stories attribute to Trump the dollar system’s possible demise – evidenced by the simultaneous sell-off of US stocks, bonds, and dollars, which is surprising given that the latter two are generally considered “safe haven” assets which are bought when there is a sell-off of riskier assets like stocks.

As US Military Prepares For War On China, Silicon Valley Oligarchs Profit

April 28, 2025 Ben Norton, Geopolitical Economy. , , , , , , , , ,
Evidence grows showing that the US military is setting the stage for war on China. A leaked memo obtained by the Washington Post reveals that the US Department of Defense has made preparing for war with China into its top priority, giving it precedence over all other issues. The Pentagon is concentrating its resources in the Asia-Pacific region as it anticipates fighting China in an attempt to exert US control over Taiwan. US Defense Secretary Pete Hegseth, a fundamentalist self-declared “crusader” who called for overthrowing the Chinese government, took a trip in March to Japan and the Philippines, where he repeatedly threatened Beijing and boasted of US “war-fighting” preparations and “real war plans”.

Trump’s Tariffs Hurt The United States Much More Than China

April 22, 2025 Michael Hudson, Geopolitical Economy. , , , , , , , , ,
Why has US President Donald Trump imposed tariffs on countries all around the world? And in particular, why is Trump waging a trade war on China? What are his real goals? Well, to try to answer these questions, I spoke with the economist Michael Hudson, who is the author of many books, and who just published the new report “Return of the robber barons: Trump’s distorted view of US tariff history“. Michael Hudson outlined the history of the use of tariffs in the United States and in other countries, and he explained how Trump is using tariffs as a weapon of class war, to benefit the rich at the expense of the vast majority of the population, and also how Trump is trying to reshape the global financial system, in order to benefit the United States at the expense of everyone else.

The Chris Hedges Report: Emptying Gaza

April 18, 2025 Chris Hedges, Scheer Post. , , ,
Israel, both materially and rhetorically, has made their intent to destroy the Palestinian people clear. One of the most renowned and courageous Middle East scholars, Norman Finkelstein, has assiduously documented the Palestinian plight for decades and he joins host Chris Hedges on this episode of The Chris Hedges Report. Finkelstein and Hedges assess the current state of the genocide in Palestine as well as how the media and the universities have all but abandonded their principles in servitude to the Zionist agenda. Finkelstein makes clear the gravity of Israel’s unprecedented actions: “If you take any metric—number of UN workers killed, number of medics killed, number of journalists killed, proportion of civilians to combatants killed, proportion of children killed, proportion of women and children killed—if you take any metric, Israel for the 21st century is in a class all its own.”

Trump Advisor Reveals Tariff Strategy

April 11, 2025 Ben Norton, Geopolitical Economy. , , , ,
The top economic advisor to President Donald Trump has revealed that Washington is using tariffs as leverage to try to force countries to pay the United States to help it maintain its global empire. The chair of the US Council of Economic Advisers, Stephen Miran, delivered a speech on April 7 in which he outlined the Trump administration’s tariff strategy. An official transcript of his remarks was published by the White House. Miran claimed that the United States provides two main “global public goods”: one, a “security umbrella” overseen by the US military; and two, the dollar and Treasury securities, which are used as the main reserve asset in the international financial system.

Chris Hedges Report: The Economics Of A Dying Empire

April 10, 2025 Chris Hedges, Scheer Post. , ,
“These are levels of craziness that are part of the decline I suspect of all empires when they consume themselves,” Professor Richard Wolff says of America’s current situation in the outset of Donald Trump’s second term. He joins host Chris Hedges on this episode of The Chris Hedges Report to discuss the history and rationale behind the decisions made by Trump and how it relates to the decline of the US empire. From tariffs to deregulation, Wolff says it is all erratic, uncoordinated and unpredictable, which are tangible signs of America’s decay. “You cannot tell people what a tariff will do.

Massive Protest For Palestine Rocks DC As Gaza Genocide Begins Anew

April 6, 2025 Jaisal Noor, The Real News Network. , , , ,
I think what we’re hoping to achieve with protests like this is like the abolitionists years ago with the longterm campaigns of petitioning and other forms of pressuring the government, and their own forms of demonstrations and others is to help build a stronger moral conscious movement in this country in solidarity with the Palestinian people and to end this genocide. And we know this country is so undemocratic, it’s so gerrymandered, it’s so difficult to get the voices of the people, even when they’re in the majority, represented inside of Congress.

This Is Why Trump’s Tariffs Will Fail

April 5, 2025 Ben Norton, Geopolitical Economy. , , , , , , , , ,
In his first term as president of the United States, Donald Trump launched a trade war against China. In his second term, he has expanded that trade war to many countries around the world. In a ceremony outside the White House on April 2, which the US president dubbed “Liberation Day”, Trump announced sweeping new tariffs on dozens of countries, including high taxes on imports from top US trading partners: 54% on China, 46% on Vietnam, 25% on South Korea, 24% on Japan, and 20% on the European Union. Trump falsely claimed that these tariffs were “reciprocal”, but they were actually unilateral.

Fake ‘Populism’: Trump’s Billionaire Administration Serves The Rich

March 30, 2025 Ben Norton, Geopolitical Economy. , , , , , ,
When Donald Trump campaigned to be US president in 2024, he promised he would help working-class Americans. He even did a photo op at a McDonald’s, pretending to be a fast food worker. When he returned to the White House, however, Trump made it clear that his policies would be serving a small handful of billionaire oligarchs, not the majority of the country. Trump appointed 13 billionaires as top officials in his administration. As Public Citizen reported, this means that the Trump administration represents not just the 1% richest Americans, but the 0.0001%.

JD Vance: West Wants Global South Trapped At Bottom Of Value Chain

March 27, 2025 Ben Norton, Geopolitical Economy. , , , , , , , , ,
US Vice President JD Vance gave a speech about globalization that made it clear that Washington’s goal is to keep formerly colonized countries in the Global South trapped at the bottom of the global value chain. Vance acknowledged that the US-led West wants to maintain a strict international division of labor, in which poor countries in the periphery produce low value-added goods (with lots of competition and therefore low profits), whereas the rich nations in the core extract exorbitant monopoly rents through their control over high value-added technologies (with little to no competition, reinforced by strict intellectual property rights).

How NATO Provoked Russia In Ukraine And Undermined Peace

March 24, 2025 Aaron Maté, Scheer Post. , , ,
The Grayzone’s Aaron Maté argues that the US and NATO provoked Russia in Ukraine by expanding NATO, dismantling arms control, installing military assets threatening Russia, meddling in Ukraine and blocking multiple opportunities for peace.

The Chris Hedges Report: America’s Constitutional Crisis

March 20, 2025 Chris Hedges, Scheer Post. , , , , , ,
Mahmoud Khalil’s arrest and detention in a Louisiana ICE facility is a harbinger for a new authoritarian era of the United States. Khalil’s arrest, the capitulation of Columbia University against dissent and protest by its own students and the Trump administration’s threat of stripping the university of $400 million in grants if it does not meet its requests is just one place where the tentacles of fascism tighten their grip. Katherine Franke, a former law school professor at Columbia, is on the front lines of this assault. Her support for student protests and her condemnation of the university for not addressing the harassment of pro-Palestinian students has earned what she called, “a termination dressed up in more palatable terms.”
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