Liberation Day is turning out to be a lot of fun already, and we’re not even to Noon yet!
I just posted this report about Ontario’s Doug Ford folding like a cheap suit:
In that report, I had a rant about how badly the USA has been treated by the world for the last 50 years....
Fraud, waste and abuse is not just limited to the Federal Government, the entire world has been ripping us off!
I included an example of a Bank Executive stealing from his bank that I think really puts it all into perspective, and I'll repost that full report down below in case you missed it.
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But now I want to advance the discussion and tell you why reciprocal tariffs are not actually reciprocal at all...and why that's really good news for the USA!
Below is a report comparing U.S. exports and imports with the top 20 countries by total trade volume with the U.S. in 2024, based on data available as of April 2, 2025. The table includes U.S. exports to each country, imports from each country, the trade balance (exports minus imports), and a hypothetical column showing the net revenue to the U.S. from applying a 25% reciprocal tariff on imports from each country, adjusted for the trade imbalance. All values are in billions of U.S. dollars and reflect goods trade data for the full year 2024, sourced from the U.S. Bureau of Economic Analysis and U.S. Census Bureau reports, particularly the "U.S. International Trade in Goods and Services, December and Annual 2024" release. Services trade is excluded to focus on goods, which dominate the trade deficit and are subject to tariffs.
The "top 20 countries" are ranked by total trade volume with the U.S. (exports + imports). The hypothetical 25% reciprocal tariff assumes the tariff is applied to all imports from each country, with no retaliation or changes in trade volume, and calculates net revenue as 25% of imports minus any loss from reduced U.S. exports if the country retaliates symmetrically (though retaliation is not modeled here for simplicity). A negative trade balance (deficit) increases net tariff revenue, while a positive balance (surplus) reduces it. Figures are rounded for clarity.
