Trump’s Great Reset, What’s Next & Perspective Is Key – Top 3 Takeaways – April 4th, 2025
Takeaway #1: The Great Reset
Happy Friday. How are you feeling today? I warned you yesterday that if you looked at your investment accounts, you’d be likely to feel queasy today. President Trump’s across the board tariff policy wasn’t what the financial markets were expecting. Or for that matter much of corporate America that has continued to rely on say, what’s essentially slave labor in Asia. For years there’s been a conversation about a “Great Reset” around the world. But that reset was the globalist’s idea for how to essentially take over the world with a “one world government” from the World Economic Forum. In the words of the World Economic Forum on June 3rd of 2020 – in the early months of the pandemic, the WEF published a story entitled: Now is the time for a ‘great reset’. In that story they said... To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism. Ahh yes, because capitalism was the problem. The WEF’s socialist push called for a focus on diversity and “equitable” outcomes. Just as any good one-world socialist agenda would do. And for years the WEF’s agenda thrived as DEI became a rallying cry for the political Left around the world. It was one implemented around the world and injected into our society through corporate America and the political Left. That’s because their agenda had become the World Economic Forum’s agenda – rather than a focus on best serving their constituencies. That was true of the political Left and of corporate America too. Well, in many ways our society began its own reset starting with last November’s election results. Bringing Donald Trump back into power meant one thing. Doing things differently. And on Wednesday, President Trump’s “Liberation Day” was in many ways...
Takeaway #2: The Great Reset
Just not the kind the WEF was looking for. For months, as tariff talk would come up, I’d been sharing that literally every country in the world was charging tariffs on us. Trade had been anything but fair. That’s why it shouldn’t have come as a surprise that Trump did what he did on Wednesday – yet look at how shocked the rest of the world was by it. So was corporate America. Shame on them: Quoting myself from March 17th in that day’s Q&A: <<President Trump’s current trade policy, which is called the “Fair and Reciprocal Plan” was laid out for the world to see on February 13th in a fact sheet. In his plan he states: Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security. The United States is one of the most open economies in the world, yet our trading partners keep their markets closed to our exports. This lack of reciprocity is unfair and contributes to our large and persistent annual trade deficit. Trump’s latest plan is effectively a more comprehensive version of what he brought about during his first term and as we’ve seen – after giving trade partners around the world time to understand his plan – he's not afraid to act on it by issuing reciprocal tariffs.>> Again that was March 17th. For those who were caught by surprise my question is why? What more did Trump need to do to telegraph this move. And it terms of the impact that shouldn’t have surprised either because that day I also added this: <<Trivia Time. Prior to President Trump’s second term as president how many countries/territories imposed tariffs against US goods? The survey says...197. Yes, 197 countries/territories including every European country, Canada, Mexico – Zimbabwe – you name it. In fact, literally if you name a country – you'll be right. How come. Here’s the next trivia question for you... How many countries are there in the world? The answer: 195. Yes, effectively every country in the world plus additional territories impose tariffs against US goods. As always there are two sides to stories and one side to facts. The facts are these. Trump is right. Trade isn’t fair for the US, it hasn’t been fair for the US and objectively our country has been taken advantage of by effectively every country in the world. Trump would need to raise the average tariff rate by 73% just to equal what’s imposed against US goods. He has offered a reciprocal trade deal to eliminate tariffs to all non-sanctioned countries around the world and it’s been their choice not to drop their tariffs.>> So my point is this. In reality what’s happened here isn’t and...
Takeaway #3: Shouldn’t have been unexpected
The United States of America is the 2nd leading manufacture in the world and yet the United States has the largest trade deficit in the world. Does that make any sense? That’s how unfair trade has been and why the only way to restore balance and long-term sustainability to the US economy is through a dramatic reset of the way that we do things. American multi-national companies were concerned with pushing DEI policies while they were prioritizing using slave labor to produce their products unsustainably. They weren’t just hypocrites; they were short sighted. Our great adversary and the world’s biggest threat is China. It was Apple’s choice to have 95% of their iPhones, iPads, AirPods and Macs manufactured there and of course they’re far from alone. So, there will be winners and losers as Trump’s Great Reset shakes out. And those who prioritized sustainability and their constituency will be winners in this shift as American sellouts will be left scrambling to attempt to try to figure out what it is that they’re going to do. And of course, for all of the countries around the world that want to cry boo hoo. I’ve got two words for you. Screw You. Because you’ve been screwing us for years and all any these countries would have to do is to drop their tariffs against the U.S. altogether to make this all go away. But it’s a choice not to because they have no interest in fair trade. All they’re interested in is the continued ripping off the United States. That’s been true in the UN, that’s been true in NATO and that’s been true for decades with trade. Trump’s right about this. And for a dose of perspective consider this. Recentcy bias is a thing. If you’re looking at your 401k with concern...consider this. Is the market in correction mode. Yes. Is the stock market still trading higher than it was a year ago? Yes. That’s right. Even after yesterday’s selloff the S&P 500 is still 4% higher than it was a year ago today. Recentcy bias is a thing. Perspective is key. It’s going to take a while for much of corporate America to sort this out. But the big picture is a much prettier picture than the sky is falling headlines you’ll continue to see and hear today. Trump has brought about a Great Reset to correct The Great Reset and we’ll be better off in the end that he did. The getting there...that’s likely going to continue to be a bit bumpy. Strap in.