It was amusing at first but this seems to need clarification for many people: Heard and Macdonald (penguin island) is a territory of Australia. It is included regardless of what happens there because all territories attached to any nation are affected and 10% is the default. This is why Tuvalu and the British Indian Ocean Territory etc. are listed too. They all have imports and exports.

The Germanies between Bismarck and Wilhelm enforced tariffs with varying success, applying them broadly to sectors of interest like industry and agriculture, adjusting as negotiation or necessity called for it. There is ample reasoning behind the regime at play even if aggressive at launch—wait to see how deregulation intended by EPA, HHS, so on in concert with tax reform and trade balance pans out. That's all for tariff talk for the time being.

DOW is down—which should bother no one. Gas & grocery cost is being dropped, energy production is headed for a climb, investment is booming, foreigners are feeling the heat and competitors are begging to negotiate. A trend we tend to win, and it won't stop there.

Foreigners, legal and illegal, beware Trump policies, flee back home before restrictions squeeze tighter

“Foreign Luxuries and needless Manufactures imported and used in a Nation ... increase the People of the Nation that furnishes them, and diminish the People of the Nation that uses them.—Laws therefore that prevent such Importations, and on the contrary promote [Export and Manufacture at home]... strengthen a Country doubly, by increasing its own People.
...

“The Importation of Foreigners into a Country... will be in the End no Increase of People, unless the Newcomers have more Industry and Frugality than the Natives, [but then] they will gradually eat the Natives out.—Nor is it necessary to bring in Foreigners to fill up any occasional Vacancy in a Country; for such Vacancy will soon be filled by natural Generation.”

Prescient Observations on the Increase of Mankind by Benjamin Franklin in 1755. He illustrates what role trade & travel has in national health and warns that skilled immigrants often pose a great threat.

“We love Europe. We love European people. America fundamentally came from Europe. But we have to appreciate that the greatest threat to Europe is not China or Russia. The greatest threat is from within. It’s migration policies that destroy the cultural bedrock of Europe.” — VP Vance

‘The rhetoric of [European Leaders] does not match the reality, and knocking candidates [like Le Pen] off the ballot is not good. We want our friends to share our values and be better. Europeans are our friends.’

Scott Bessent (on The Carlson Report):

"The top 10% of Americans own 88% of the stock market, while the bottom 50% are drowning in debt. We saw this stark contrast in 2024—working families were lining up at food banks in record numbers... just to get by. Meanwhile, the wealthier half of the country was taking European vacations.... This isn’t just a statistic; it’s a signal of how deep the wealth inequality has become in this country."

Adding to this, employed non-Whites spend significant time doing no work at all and comprise a social-fiscal net negative on the country; blacks, latins, and darker asians spend much more on luxury items and unnecessary goods despite being disproportionately on welfare.

Meanwhile Whites own most of the nation's housing, produce most of its tax revenue, and men have the greater share of actual jobs. This stark disparity in value shows how much of the economy is truly waste that needs clean, extensive reform and deregulation helps here.