Tag: foreign policy

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First Amendment rights general freedom ideological culture international affairs regulation social media

U.S. Bans EU Censors

EU, censorship, free speech, Visa

European leaders are condemning American use of visa bans to penalize European enemies of American freedom of speech.

Which is understandable, since the U.S. State Department more than merely condemned the European Union.

In the words of Marco Rubio, the five just-​sanctioned persons “have led organized efforts to coerce American platforms to censor, demonetize, and suppress American viewpoints they oppose.”

Thierry Breton. Former EU commissioner and top proponent of the Digital Services Act, which seeks to force U.S. tech giants to “police illegal content more aggressively” or face big fines. “Illegal” here doesn’t mean speech deployed to commit bank robberies; it’s speech EU censors dislike.

Josephine Ballon and Anna-​Lena von Hodenberg. Leaders of HateAid.

Clare Melford. Leader of Global Disinformation Index, which, the State Department observes, exhorts “censorship and blacklisting of American speech and press.”

Imran Ahmed. Leader of Center for Countering Digital Hate, described by Breitbart as the “deplatforming outfit which defined its central mission as ‘Kill Musk’s Twitter.’ ” CCDH also worked hard to get Breitbart and other sites blacklisted from social media.

Maybe none of these villains was planning a trip to the United States anytime soon.

And, doubtless, much more could be done to combat overseas attempts to censor Americans. But at least this much action against enemies of our First Amendment rights is warranted, even if mostly symbolic.

Just give us a little more time, European leaders. We’ll do more to oppose and thwart your obnoxious global censorship agenda. 

This is Common Sense. I’m Paul Jacob.

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defense & war international affairs Internet controversy

Decapitation Diplomacy

China, Japan, Taiwan, war, foreign policy

The Chinese Communist Party has presided — is presiding — over the largest peacetime military buildup in history. 

And China’s “wolf warrior” diplomats constantly reflect this fact.

Earlier this month, during a parliamentary session, Japan’s new Prime Minister Sanae Takaichi was pressed by an opposition lawmaker on scenarios that could trigger the clause in Japan’s constitution concerning “survival-​threatening situations,” thus allowing collective self-​defense. Takaichi explicitly stated that Chinese military action against Taiwan — such as a naval blockade, invasion, or interference with U.S. forces — could qualify. 

No “strategic ambiguity” there!

But as scandalous as Takaichi’s answers were to the Communist Party in China, it was the response of Xue Jian, consul general of the People’s Republic of China, in Osaka, Japan, that raised more than eyebrows: “I have no choice but to cut off that filthy head that barged in without hesitation — are you ready?” This was followed by a red emoji, an angry icon.

It has since been deleted.

Last Friday, lawmakers from both Takaichi’s party and Komeito (a centrist, socially conservative party) demanded Xue’s immediate recall; a petition with more than 50,000 signatures circulated online. 

But Takaichi herself is under pressure to apologize.

I agree with the Scribbler’s take over at StopTheCCP​.org: “It would be disappointing if instead of ‘muddling through,’ the Japanese government as led by its new prime minister, Sanae Takaichi, submitted to China’s malicious demands and formally retracted her very reasonable statement about Taiwan.”

The only apologies should come from the CCP’s Osaka Decapitator.

This is Common Sense. I’m Paul Jacob.

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budgets & spending cuts international affairs political economy

Was Milei Bailed Out?

Javier Milei, Argentina, bailout, foreign policy

You saw it on the news, newscasters almost gloating: Argentina’s peso plunged — triggered by  low reserves and political defeats for President Javier Milei.

Then the U.S. Treasury under Secretary Scott Bessent finalized a $20 billion currency swap line with Argentina’s central bank. This was on top of direct U.S. purchases of pesos in the market and plans for another $20 billion from private sources. The deal was seen as a U.S. strategic play to counter instability in Latin America.

Some called it a bailout.

Were Milei’s radical reforms saved at the expense of the U.S. taxpayer?

Bessant was asked this, yesterday, directly on MSNBC, and had a response: “Do you know what a swap line is?”

I had to brush up on it. (I don’t engage in any cross-​currency swaps, understandably, not being a major corporation, a central bank, or a sovereign state.) A currency swap is a financial agreement between two parties to exchange principal amounts and interest payments in different currencies over a set period — a temporary loan in one currency backed by collateral in another, designed to provide liquidity, hedge exchange rate risks, or access cheaper funding without the full risks of outright borrowing.

“In most bailouts you don’t make money,” Bessent said. “The U.S. government made money.”

In an exchange, both parties gain. But in any exchange involving extended spans of time, there is risk, so any initial win for Treasury could be wasted by a failure of Milei’s course.

Unlike American politicians opposing inflation, Milei’s been quite honest with Argentinians: “To cure inflation, you have to go through a recession. There is no way around it.” So why Milei didn’t just peg the Argentine peso directly to the U.S.; why a “crawling peg” rather than strict? Milei has been clear: he lacked political clout.

Milei insists that his crawling peg reform isn’t gradualism (which he despises), and that the swap isn’t a bailout; Bessant agrees, saying the swap’s “a profitable move for America.”

This is Common Sense. I’m Paul Jacob.

Note: Milei’s party gained in the most recent election.

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Strongly Stated Ambiguity

China, Taiwan, strategic ambiguity, war, foreign policy

“Because they know the consequences,” President Donald Trump told Norah O’Donnell on CBS’s 60 Minutes the Sunday before last, after meeting with Chinese leader Xi Jinping in South Korea. 

“The Chinese military is encroaching on Taiwan’s sea lanes, its airspace, its cyberspace. I know you have said that Xi Jinping wouldn’t dare move militarily on Taiwan while you’re in office. But what if he does?”asked O’Donnell. 

“Would you order U.S. forces to defend Taiwan?”

Mr. Trump’s reply was ambiguous: “You’ll find out if it happens.” 

Labeled “strategic ambiguity,” U.S. policy regarding a threatened Chinese invasion of Taiwan has long been undeclared, designed to keep China guessing as to our intentions without giving Taiwan a military guarantee.

But then the president added, “And he [Xi Jinping] understands the answer to that.”

The Chinese regime “knows,” Trump explained to O’Donnell, “they understand what’s gonna happen.” He further declared that Xi “has openly said, and his people have openly said at meetings, ‘We would never do anything while President Trump is president.’” 

Mr. Trump’s most surprising disclosure was that Taiwan “never came up” in his two-​hour talk with the Chinese ruler, with the president insisting that Xi “never brought it up” “because he understands” “very well” “what will happen.” 

Indeed, military might is the only thing that Xi and the Chinese Communist Party understand. 

As I argued on Around the World With Dane Waters last week, a Chinese takeover of Taiwan would be economically and strategically catastrophic for Asia and the world. Not to mention, disastrous for freedom.

This is Common Sense. I’m Paul Jacob. 

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deficits and debt international affairs

Billions and Billions

China, gold, national debt, foreign policy

While we were going about our business, and maybe even soaking in some summer sunshine, the “US National Debt,” as the federal government’s explicit financial obligation is called, passed the $37 trillion mark. 

As if to mark the occasion, the Chinese government unloaded a whopping eight billion, two hundred million dollars worth of U.S. Treasuries onto the market.

It’s a lot of money.

It’s a lot of debt.

And now China no longer holds it. 

Thus they are not quite as invested in our future.

Is that scary?

Well, everything about our federal debt load should scare us. If we are placid and unperturbed now, how many extra billions and trillions would it take to shake us?

If you are especially concerned about world stability, it might make sense to comfort you with this … interesting … piece of information: China still holds over $750 billion in United States debt.

A more important piece of information might be what the Chinese central bank has been replacing the U.S. debt with: gold.

Lots of gold.

About 200,000 kilograms of gold!

Nicholas Nassim Taleb, author of The Black Swan, insists that “a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency.” That asset is gold.

We aren’t on the gold standard, but it looks like we may be falling backwards into something like one.

It makes me wonder if there is still gold in Fort Knox … and just how much. 

Mr. Trump? 

Congress? 

This is Common Sense. I’m Paul Jacob.

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Still a Big Advantage

allies, South China Sea, China, CCP, defense, foreign policy, war

In all the talk of America First — and of the United States as the indispensable nation — we Americans sometimes forget this doesn’t mean “America Alone.” 

“Ultimately, a strong, resolute, and capable network of allies and partners is our key strategic advantage,” U.S. Secretary of Defense Pete Hegseth recently informed the Shangri-​La Dialogue in Singapore. “China envies what we have together. And it sees what we can collectively bring to bear on defense.”

Hegseth was speaking directly to Indo-​Pacific allies, whom he reminded: “it’s up to all of us to ensure that we live up to that potential by investing” to “quickly upgrade [our] own defenses.”

Our alliances of free nations in Europe and Asia constitute a huge edge against a bullying, totalitarian China.

My entire life, these past six decades, Big Daddy America was by far the biggest, best military on the block. Still is the best. But it’s no longer the biggest: China now has a bigger navy, much greater shipbuilding capacity, and many more soldiers in uniform. Technological and other strategic advantages have been diminished as well.

The defense secretary acknowledged that — after “a lot of ongoing conversations with our military leadership in the Indo-​Pacific” — “there is something to be said for the fact that China calculates the possibility and does not appreciate the presence of other countries … as part of the dynamics or decision-​making process, and, if that is reflected in their calculus, then that’s useful.”

We cannot afford to squander our “ally advantage.” We need each other.

This is Comon Sense. I’m Paul Jacob.

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international affairs public opinion

An Independent Nation

Taiwan, China, defense, war, foreign policy

Our leaders have been surprisingly expressive in signaling U.S. military support for the defense of Taiwan. 

Ironic, considering that official U.S. policy is dubbed “strategic ambiguity,” meaning we don’t say one way or the other about our defensive intentions for helping the island nation against a regularly threatened and rehearsed-​for Chinese invasion or naval blockade. 

Four separate times during his term, however, former President Joe Biden publicly pledged American military help to counter a People’s Republic of China assault on Taiwan. As for the Trump 2.0 Pentagon, weeks ago it leaked (or suffered a leak of) a global defense strategy memo that said preventing a PRC takeover of Taiwan was the “sole pacing scenario” engaging our armed forces. 

Surprising unanimity for the two parties in Washington. But has anyone asked what the American people think?

Well, Humanity for Freedom Foundation conducted a poll, released yesterday.*

Informed that “China claims Taiwan as its own territory,” 82 percent of respondents agreed that “Taiwan is an independent country.” Only 3 percent felt “Taiwan is part of China.”

A 58 percent majority favored full U.S. diplomatic recognition for Taiwan. When it comes to American military defense, a plurality of 39 percent wanted to continue the status quo of not saying (“strategic ambiguity”), while 32 percent of Americans preferred their government make a clear commitment to Taiwan. Only 2 percent supported ending arm sales and adopting a neutral stance. 

The above results are thoroughly — and surprisingly — non-​partisan, with arch conservatives and far-​out progressives finding common ground to defend Asia’s freest society against the world’s most maniacal totalitarian state. 

Could the specter of a future dictated by the Chinese Communist Party be bringing the world closer together?

This is Common Sense. I’m Paul Jacob. 

* In full disclosure, I’m on HFF’s board of directors. As for the national poll, it had 800 respondents, giving the results a 3.5 percent margin of error with a 95 percent confidence level. Full results are here.

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To Halve and Halve Not

China, Taiwan, war, foreign policy

“Why is Taiwan such a hot flash point?” 

That’s what U.S. Senator Tom Cotton (R‑Ark.) asked Admiral Samuel Paparo, head of the United States Indo-​Pacific Command. “Why could it lead not only to a catastrophic war, but also global Great Depression? Why should Americans care about an island on the other side of the world?”

The admiral told the Senate Armed Services Committee that the senator’s “last point [was] quite salient. Many a research organization postulate that conflict in the western Pacific over the Taiwan question would result in a 25 percent GDP contraction in Asia and a knock-​on effect of 10 to 12 percent GDP reduction in the United States of America, with unemployment spiking seven to 10 points above base and likely 500,000 excess deaths of despair above base as well.

“This is just the importance of the regional stability to the world economy and its effect on people’s lives,” added Paparo. “And this is a function of freedom of navigation; it’s a function of the world dependency on semiconductors.”

“And to be clear,” offered Sen. Cotton, “simply having the conflict over Taiwan which is such a center of gravity in the modern economy could lead to many of the consequences you just outlined.”

Paparo explained that “most of the things” he has “studied indicate that American intervention would halve that impact,” adding “a successful American intervention would. 

“Still a grave result,” Admiral Paparo acknowledged, “but half as grave, with savings of a lot of human misery.”

Let’s hope and pray and prepare militarily to deter Chinese aggression.

This is Common Sense. I’m Paul Jacob.

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Resisting Invasion

China, Taiwan, foreign policy, war, defense, deterrence

“China is the Department’s sole pacing threat, and denial of a Chinese fait accompli seizure of Taiwan — while simultaneously defending the U.S. homeland,” Secretary of Defense Pete Hegseth declared (using the latest jargon) in a memo setting forth global U.S. strategy, “is the Department’s sole pacing scenario.” 

Recently shared with military brass and congressional national security committees, and recently leaked, Hegseth’s Interim National Defense Strategic Guidance is, according to The Washington Post, “extraordinary in its description of the potential invasion of Taiwan as the exclusive animating scenario that must be prioritized over other potential dangers.”

While I can’t find a copy of the leaked document, The Post relates that “given personnel and resource constraints,” the United States will focus on China and “pressure allies in Europe, the Middle East and East Asia to spend more on defense to take on the bulk of the deterrence role against threats from Russia, North Korea and Iran.”

This makes enormous sense. We are already at war in Ukraine and across the Middle East, while China, the most dangerous aggressor, has been ratcheting up its bullying and threats against its neighbors whom we have pledged to defend. 

Taiwan is too important — especially strategically, but also economically, and even symbolically, as an incredible democratic success story — to allow it to be gobbled up by the genocidal Chinese Communist Party regime. 

Europe can step up to defend itself and is increasingly doing so. Germany has troops and tanks headed to Lithuania, the first such deployment since the Second World War.

These are serious times. Glad to have a more serious plan to address them. And to count other free countries as allies. We will need each other.

This is Common Sense. I’m Paul Jacob.

P.S. On four separate occasions, President Biden publicly promised that the United States would come to Taiwan’s assistance militarily should China’s repeated threats to invade come to fruition, but where President Trump would stand in his second term seemed uncertain. Would he make a deal with Xi Jinping that sold out Taiwan, as John Bolton, his former national security advisor, has claimed? Bolton has been wrong before.

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free trade & free markets international affairs tax policy

The Tariff King

The fight over the president’s tariffs is taking place in Congress. 

Or is it?

“House Republicans blocked on April 9 an effort by Democrats to force a vote on halting the reciprocal tariffs imposed by President Donald Trump,” explains The Epoch Times, “which are currently paused for three months.”

Let’s make that clearer. These now-​infamous/​much-​debated “reciprocal tariffs” went “into effect” immediately after midnight yesterday. As Republicans “sneakily” worked to change the rules to disallow any congressional move to dissolve the president’s declared emergency — which, by Congress’s own legislation, gives the executive a great deal of latitude to change tariff rates — and Democrats moved to do just that, get rid of the “state of emergency,” President Trump put most of his tariff hikes on hold for three months.

Except for those on China — now in effect, at a rate of 125 percent.

It sure looks like Trump’s main concern is trade relations with China, not Lesotho or Israel or anywhere else. And much can be said about China’s trade policies (try selling American consumer goods in China) or respect for intellectual property. But it is the matter of constitutionality that interests me most.

Whatever the alleged merits of high tariffs, unilateral free trade, or any of these issues, these policies should not be decided by the president; the Constitution gives Congress the responsibility “to lay Taxes, Duties, Imposts and Excises” and “regulate Commerce with foreign Nations.”

By handing the president “emergency” powers to change tariff policy in the first place, Congress has abdicated its role in setting tax policy. Republicans in the House seem gung-​ho about Trump’s prerogatives. And Democrats haven’t sought to repeal the International Emergency Economic Powers Act, which gives the president legislative taxing authority.

Apparently, Congress wants the president to be king.

This is Common Sense. I’m Paul Jacob.

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