#china
3 entries with this tag
Trump Now Blockades the Strait He Threatened to End a Civilization to Reopen
After peace talks collapsed, Trump ordered a full U.S. Navy blockade of the Strait of Hormuz — "any and all ships" in either direction. Iran had been letting tankers through for a $2M toll. Trump spent weeks threatening to end Iran's civilization over the strait's partial closure. Now the U.S. is closing it itself.
Tariff Trade War Economic Damage
Trump's tariffs constituted the largest U.S. tax increase as a percentage of GDP since 1993, costing average households $1,500/year. The U.S. lost the equivalent of 2,800 factories. The Supreme Court ruled his tariff authority was unauthorized.
$7.8 Million from Foreign Governments While President
House investigators documented $7.8 million from 20 foreign governments flowing to Trump businesses during his presidency — China alone paid $5.6M. CREW estimates the true total at $13.6M. Trump never sought required congressional consent.