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BRICS Nations Accelerate Efforts to Establish New International Payment System to Fight Back Against U.S. Tariffs

Pepe Escobar, the Brazilian international journalist, recently returned from his visit to China where he spent time in Shanghai and Hong Kong, home to the two largest ports in China. He was interviewed by Danny Haiphong, and I am including the interview here, which I listened to this past weekend. Escobar states: "Trump managed to do what I would say (is) the impossible, to antagonize 1.4 billion Chinese, at the same time. And there's no turning back. So Trump cannot expect a phone call from China." He explains how BRICS, which will meet this summer in Brazil, is now accelerating their plans to implement a new international payment system so countries can bypass the U.S. banking system and the U.S. dollar, as they begin to exclude the U.S. market due to these high tariffs. Escobar mentions the analogy that President Trump is using for his tariffs, which is that the U.S. is a "store" and that any country who wants to buy U.S. goods in this "store" has to meet Trump's pricing based on tariffs. Escobar responds: "But what he doesn't realize is that nobody wants to buy anything in this store anymore" as the BRICS nations begin to reshape their supply chains and exports. Also covered in this interview is the amazing announcement from Russia that the Kursk region has now been 100% liberated, as Russia announces, for the first time in public, that they did so with the help of North Korean military forces. He also explains how Iran is a huge part of BRICS plans for the future, and the implementation of the new Silk Road trade initiatives.

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Major American Retailers Warn that Americans May Soon See “Empty Store Shelves” Similar to COVID

The CEOs of some of the United States' largest retailers, including Walmart, Target, and Home Depot, visited President Donald Trump at the White House this week, with a very stern warning: consumers could be seeing empty shelves in their stores soon, due to Trump's tariffs, especially from goods imported from China, the country with the highest current tariffs. This problem with the U.S. supply chain and imported goods is no longer a matter of editorial comment about what people "think" might happen "in the future," as it is all starting to happen already, as we can see by what is currently happening at U.S. ports RIGHT NOW. While Trump's tariffs are headline news, and rightfully so, what few are reporting is that in the midst of this trade war, Trump's Administration is deliberately weakening the U.S. dollar, so that U.S.-made goods will be more affordable to other countries, which they believe will help balance the U.S. trade deficits with most countries. But that also makes imports more expensive, even without the tariffs. I know this firsthand, as a business owner in the U.S. with an ecommerce business that sells high quality imported foods. When the dollar weakens, it affects the exchange rates in local currencies. Since Trump took office, we have seen the dollar's purchasing power decrease by about 10%. My company is fortunate in that we do not import anything from China, but most other countries currently have a 10% tariff, and when you add in the 10% loss (so far!) on the U.S. dollar, that is a 20% increase in imported goods NOT from China. A 20% inflation on basic goods imported into the U.S is very serious! Most Americans still do not fully realize what is about to happen to the economy.

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Trump is Already Backtracking on Migrant Labor as China Stands Firm on Trade War

Even before Trump took office and promised his MAGA base that he was going to deport the 10-15 million migrants here in the U.S. illegally, I pointed out how that was a lie and it would be impossible, as our economy is so dependent upon this labor, and especially now that Trump wants to start new manufacturing plants. So it was no surprise to me when I saw that he was already backtracking on this issue today, with pressure no doubt from the agricultural businesses and others who cannot survive without these migrants. And as has been previously reported, Trump has so far deported fewer migrants than Biden did last year in the first quarter. BlackRock Inc. Chief Executive Officer Larry Fink said today that he was caught by surprise at the breadth of President Donald Trump’s tariffs last week on many countries, including key US trading partners. “The sweeping US tariff announcements went beyond anything I could have imagined in my 49 years in finance,” Fink said on a call on Friday with analysts after the company reported first-quarter financial results. And there is no sign that China is wavering on tariffs, as this was a headline today in the Asia Times: "Asia’s central banks hold and can dump $3 trillion worth of US Treasuries, leverage that could ultimately put the Tariff Man in line." More news from today, April 11, 2025.

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U.S. Oil Producers Announce Halt in Oil Drilling as Trump Increases China Tariff to 125% while Reverting back to 10% for Other Countries

Oil briefly fell below $60 a barrel today, the first time since the Scamdemic, before Trump stepped in later in the day at the suggestion of Treasury Secretary Scott Bessent and Commerce Secretary Lutnick to put a pause on some tariffs, reverting back to 10% tariffs for a 90-day pause, while the tariff on China increased to 125%. The U.S. Oil industry is in a near panic right now with the rapid drop in the price of oil, calling it a "bloodbath." They announced today that they were halting all drilling and investments, expressing extreme anger against President Donald Trump and his tariffs. The industry is frustrated over its high level of support for the new administration, which has since caused a severe oil price plunge despite promises of a future where shale drillers could “drill baby, drill”. Shale drillers contributed significantly to Trump’s election campaign and were responsible essentially for “making America great again” by catapulting the country to the status of top crude producer in the world. The betrayal is now being felt as prices continue to tank. Meanwhile, the Houthi rebels today shot down yet another U.S. drone, as there are reportedly concerns now that the U.S. is spending so much money to try to defeat the "lowly" Houthis, that the U.S. is quickly depleting military resources in the Pacific meant to oppose China.

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Largest Stock Market Drop Since COVID but Trump Declares “The Patient Lived” Becoming America’s #1 Doctor – Again

After Trump's "Liberation Day" yesterday, where his "reciprocal tariffs" against various countries were announced, the U.S. Stock Market fell in its worst trading day since early in the COVID-19 Scandemic in 2020. The fact that Trump's announcement of tariffs caused such a huge market crash, did not bother Trump one bit, as he announced: "The patient lived," and "is now healing," as he left the White House to attend a Saudi golf gala at his Mar-a-Lago resort. Trump is claiming to be the "physician" of America, again, who claims to know how to "cure" America. This is not too different from what he did in 2020 where he announced a "cure" for America's "infection" with the COVID-19 "virus," COVID-19 "vaccines." How well did that work out for everyone?

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Corporate Media Finally Asks About the Non-existent “Fentanyl Crisis” from Canadian Border and the White House Continues to Lie About It

The Corporate Media are finally catching up on what I have been saying and publishing for a couple of weeks now here at Health Impact News, which is that Canada does NOT have a fentanyl problem coming across the border. As I have previously reported, only about 50 lbs. of fentanyl entered into the U.S. from Canada in ALL of 2024, and according to the Canada Border Services Agency (CBSA), only 56.1 grams of fentanyl were seized at the Canadian border last month (February, 2025), including 20 fentanyl pills. In the White House Press gallery yesterday, someone FINALLY addressed this question to White House press secretary Karoline Leavitt, and asked what the real purpose of the Canadian tariffs was. Her answer shocked most people, so absurd was it, and it has been in the corporate media news stream yesterday and today. Listen for yourself as she basically refused to answer the question as to what the real reason was for tariffs against Canada, faced with the statistics of how much fentanyl is actually coming out of Canada, but then revealed the main reason for these tariffs later in the press conference. I don't think anybody in the corporate media wants to go on the record for stating that we do not have a fentanyl crisis at the border with Mexico, in spite of the fact that Trump proudly announced this past Tuesday in his joint address of Congress, that traffic at the border has almost ceased since he came into office. So since nobody else in the media will ask questions about this and theorize as to what the real reasons are for the Mexican tariffs, I will.

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Donald Trump Continues to Lie About Fentanyl as he Envisions Himself as King of Israel Ruling from Gaza

President Donald Trump renewed his threats to impose a 25% tariff against imports from Canada and Mexico starting next week on March 4, while lying in public about what he is claiming is the reason for these tariffs, which he claims is that they are still allowing too much fentanyl to come across the border. As I have previously published, there were only 50 lbs. of fentanyl seized coming across the very long border from Canada for ALL of 2024. Have seizures of illegal fentanyl somehow increased here in 2025 coming into the U.S. from Canada to warrant these crippling tariffs? Here is what is being reported about fentanyl seizures from Canada here in 2025 according to the Canada Border Services Agency: "Ahead of the looming March 4 deadline, Canada announced it was launching an effort, dubbed 'Operation Blizzard.' The effort is 'aimed at intercepting illegal contraband arriving and leaving Canada, with a focus on fentanyl and other synthetic narcotics,' according to a statement published by the Canada Border Services Agency Thursday morning. CBSA also shared that it seized 56.1 grams of fentanyl this month, including 20 fentanyl pills and 23 grams 'of a substance suspected to be fentanyl from two US citizens crossing at the Windsor-Detroit Tunnel port of entry.'” For those Americans who are math-challenged to understand metric weights, 28 grams is equal to about 1 ounce. So two ounces of fentanyl and 20 fentanyl pills here in 2025 are behind the "fentanyl crisis" coming out of Canada. Fortunately, we can learn what Trump's true reasons are for threatening Canada with tariffs, directly from Trump himself, in what appeared to be unscripted remarks he made after his staff meeting yesterday.

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Trump Lies to the World as Crippling Illegal 25% Tariffs Forced on Canada and Mexico Through Emergency Orders Violating Trump’s Own Free Trade Agreement

President Donald Trump shocked the world today by doing the unthinkable: He used "emergency powers" to issue an executive order to impose 25% tariffs on all imports from Mexico and Canada, the two largest trade partners with the United States, violating his own Free Trade Agreement between the two countries that he signed into law in 2018, during his first term. What is the reason that Trump gave to declare this "national emergency" to ignore and violate his own trade agreement with Canada and Mexico? Trump invoked the International Emergency Economics Power Act (IEEPA) because of "The extraordinary threat posed by illegal aliens and drugs, including fentanyl." Really? This was actually the first time I have read about the "extraordinary threat posed by illegal aliens and drugs" coming across the border from Canada! I looked up the stats on seized illegal fentanyl coming into the U.S. from 2024, and there were about 21,000 lbs. of illegal fentanyl seized at U.S. borders, and out of that 21,000 lbs., 50 lbs. came from Canada. Yes, you read that correctly. The "national emergency" that Trump just declared which included Canada over illegal fentanyl coming across the border and violated his own Free Trade agreement, was for 50 lbs. of fentanyl in 2024. Notice how Trump's threat to impose a 60% tariff against China, has now been reduced to 10%, while allies to the U.S. and members of Trump's own Free Trade Agreement got hit much worse. Unless this Emergency Order is challenged in court and stopped by a judge before it is supposed to be implemented on Tuesday this week, the impact on the U.S. economy will be swift, and potentially devastating.

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