White House

TRUMP STRIKES BACK: President Unleashes Bold 10% Tariff to Fix Biden's CATASTROPHIC Trade Deficit

Gary FranchiFebruary 21, 202624 views
TRUMP STRIKES BACK: President Unleashes Bold 10% Tariff to Fix Biden's CATASTROPHIC Trade Deficit

President Donald J. Trump just sent a thunderous message to the globalists, the establishment, and every foreign nation that's been bleeding America dry: the era of one-sided trade deals is OVER.

On Thursday, the President signed a historic Proclamation imposing a temporary 10% import duty on goods entering the United States, invoking Section 122 of the Trade Act of 1974—a rarely-used but powerful authority designed to address exactly the kind of fundamental international payment crisis we're facing right now.

And make no mistake, Patriots: this IS a crisis. One that the Biden regime created and left for President Trump to clean up.

Biden's Economic Disaster By the Numbers

The White House fact sheet lays bare the staggering damage inflicted on our economy over the past four years. The annual U.S. goods trade deficit EXPLODED by over 40% under Biden, reaching a jaw-dropping $1.2 TRILLION in 2024. Read that number again and let it sink in.

But it gets worse. America's current account deficit—the broadest measure of our international payments—hit 4.0% of GDP in 2024, nearly DOUBLE what it was between 2013 and 2019. That's the worst annual deficit since the 2008 financial crisis.

For the first time in over 60 years, the United States made less money on capital and labor deployed abroad than foreigners made here. More money is flowing OUT of this country through remittances than coming IN. Our net international investment position? Negative $26 TRILLION—89% of our entire GDP. That's the most negative position of ANY country on Earth.

This is what "managed decline" looks like, folks. This is what happens when you let globalists run your economy into the ground while they lecture you about "free trade."

Trump's Solution: America First Economics

Starting February 24th at 12:01 a.m., the 10% duty kicks in for 150 days. It's designed to stem the hemorrhaging of American dollars to foreign producers and incentivize something the establishment told us was impossible: bringing production back home.

The President isn't being reckless—he's being strategic. Critical items are exempted to protect American consumers and industries: certain minerals, energy products, pharmaceuticals, some electronics, vehicles, aerospace products, and agricultural goods Americans depend on. USMCA-compliant goods from Canada and Mexico get a pass, as do certain Central American textile imports under existing agreements.

This isn't a blunt instrument. It's a scalpel wielded by a President who actually understands how to negotiate.

Supreme Court? Trump Won't Be Deterred

Here's where it gets interesting. The White House fact sheet makes a pointed reference to "the Supreme Court's disappointing decision today"—signaling that even judicial setbacks won't stop this administration from reshaping the broken global trading system.

"Today's action will continue to protect the national interests of the United States by addressing the balance-of-payments deficit to further usher in America's Golden Age," the proclamation states.

That's not just policy language. That's a declaration of economic independence.

The Deals Are Working

The administration also highlighted that Trump's aggressive tariff posture has already brought major trading partners—covering more than half of global GDP—to the negotiating table. Historic trade and investment deals are opening new markets for American exports, promoting reshoring, and finally bringing reciprocity to relationships that have been one-sided for decades.

"These deals are creating high-paying American jobs, boosting U.S. manufacturing and technological leadership, and will deliver massive returns for American workers and families for decades to come," the White House declared.

This is what winning looks like. This is what happens when you have a President who puts American workers FIRST—not last.

The Bottom Line

While the legacy media will inevitably shriek about "trade wars" and "consumer prices," remember what they're really defending: a system that shipped your jobs overseas, hollowed out your communities, and made China rich while American families struggled.

President Trump inherited an economic disaster. He's fixing it—one tariff, one deal, one factory at a time.

The question for every American is simple: Do you want a President who fights for YOU, or do you want to go back to the managed decline of the Biden years?

We thought so.

G
Gary Franchi

Award-winning journalist covering breaking news, politics & culture for Next News Network.

Share this article:

Comments (8)

Leave a Comment

E
EconStudent101Verifiedjust now
Question - will this 10% apply to all imports or just specific countries? Also wondering about the timeline for implementation.
T
TradeDeficitTruthVerifiedjust now
The numbers don't lie - our trade deficit has been a disaster under Biden. We're literally funding other countries' prosperity while our own middle class suffers. Smart move by Trump to address this head-on.
P
PatriotMike2024Verifiedjust now
FINALLY! Someone who understands that America needs to put itself FIRST in trade deals. Biden's weak policies have been bleeding us dry for years.
R
RedStateRisingVerifiedjust now
Exactly! We've been getting ripped off by China and Europe for decades. Time to level the playing field.
M
ManufacturingDadVerifiedjust now
As someone who works in manufacturing, I can tell you firsthand how cheap foreign imports have hurt American workers. My plant had to lay off 30% of our workforce because we couldn't compete with subsidized Chinese steel. These tariffs are long overdue.
S
SteelWorker78Verifiedjust now
Same story here in Ohio. Lost my job at the foundry in 2022 because of unfair competition. This is what real leadership looks like.
S
SmallBizOwnerVerifiedjust now
About time we had a president with backbone! My hardware store can barely compete with the flood of cheap tools coming in from overseas.
C
ConservativeGrandmaVerifiedjust now
This is exactly why I voted for Trump twice and will again. He actually fights for American workers instead of just talking about it like the swamp creatures in DC.