Trump Readies New Tariffs on Europe While Becoming First President to Attend a Superbowl

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On Friday, President Trump announced new plans to implement reciprocal tariffs on Europe as early as Tuesday of this week, according to a source from Maria Bartiromo's Sunday Morning futures. The concept of reciprocal tariffs is discussed in detail and can be seen by clicking here.

Additionally, President Trump will become the first president to attend a Super Bowl. In Trump's meeting with the Prime Minister of Japan, Trump stated that he would be very interested in reciprocal tariffs. Trump also announced that Japan would not be taking ownership of US Steel but that Japan would in vest heavily in the Automotive sector and would be spending up to $1 trillion dollars.

Reciprocal tariffs mean that whatever the EU charges the US to import their goods, the US would do the same, plus a value-added tax.

For instance, if Germany is charging a 10% tariff plus a 15% value-added tax, totaling 25%, then the US would match that in kind according to the theory. This has the potential to create havoc with the stock market and global markets throughout the week as investors digest the news; However, in the long term, it would level the playing field for fair taxation on both sides.

According to Steven Miller, the EU has been fining our American tech companies penalties yearly like a "piggy bank" and to paraphrase, Trump is not going to take it anymore. If countries around the world are going to charge the US 20% to 100% for goods then America would do the same.

The EU will have to weigh the benefits risk/reward scenario of their past practices and adjust accordingly. While their may be some near term pain associated with standing up for fairness, the end result should mean a more even playing field. This is a positive for American jobs, and the creation of more manufacturing in this country.

The $36 trillion dollar deficit is not sustainable and must be brought down significantly. This will require bold and sometimes unpopular decisions, necessitating innovative, outside-the-box thinking beyond previous administrations. Reciprocal Tariffs is one way to hep the US bring down debt.

Trump's historic decision to attend the Super Bowl underscores his unique approach to the presidency, blending policy initiatives with cultural engagement. The football fans love Trump and he in turn loves them back. This bold move reflects his commitment to both economic reform and connecting with the American public.