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America's Steel industry is a success story for Tariffs. It is recovering because of Tariffs. It is now third largest in the world bringing a crucial supply chain back to the US.

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Not Explained - why truck produce from central Mexico to the USA when it can be grown here. Stuff like tomatoes and greens, vegetables that can best be grown locally and sold locally.

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Goldman Sachs Analysis on replacing Hormuz oil supplies so that the world can focus on pressing domestic issues for China, India, EU, US,  Africa, Asia and Latin America. This Analysis is detailed on the source of new oil supplies outside of Hormuz in each specific region. This does not include renewable energy target acceleration in EU, India US and China, and does not include the 4 million barrels a day China is replacing with its own alternative supplies from its reserves, coal and renewables. It also does not include the 3 million barrels a day from Venezuelan ramp up. The total picture is shown in the Lyrarc.com report alongside this article.

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China's export dependent economy with 4% decline in fixed investment Jan-May 2026 and 27% jump in exports.1 million car exports per month in June. Exports make up 20% of China's GDP. China is challenging German companies in their home markets in Europe. Domestic sales of cars are down 16% in June. What this means is that China's growth now depends on exports alone, with construction slowdown, and weak consumer spending. How does this tie into China's posture in trade with the US? It negotiated from a position of strength on rare earths not to give in to DJT tariffs yet knows the importance of trade for the Chinese economic model, importance of US and EU markets, markets worldwide. China's strategy is to shift some of the lost US sales due to tariffs to other countries in Latin America and Asia. A top priority is to keep trade with the US and European Union on a good footing, so that its exports can be absorbed. How does it affect Hormuz? For China Hormuz as an oil source is much lower in importance and China can do without Iran, it absolutely cannot do without the US and European Union to take a big part of its exports. It also does not openly say this but it also shares concerns similar to the US, on nuclear weapons in Iran. India, Japan and the EU have similar concerns. As shown in the articles on this page China has large unused oil in reserves and coal supplies, has lower oil demand at 4% growth, and is accelerating renewable energy, so that it is now importing 8.5 million barrels a day down from 12.5 million barrels a day. By doing this China puts this oil back into the world supply leading to lower oil prices. This means the world can do without the supplies from Hormuz, keep lower oil prices, and go on as before if Hormuz remains closed. The US can focus on domestic issues and its involvement in the Middle East can be limited to naval blockade which the US Navy is capable of doing. This is good for China, good for the US, and good for the World. Local governments in China, provincial authorites, pushed growth in building road, bridges, factories during the 30 year growth phase 1990-2020. In 2026 local governments with debt loads and lack of good projects for investment are a bottleneck to growth. This is the first time fixed investment is in decline, except for the years in 1961 and in 1967. The year 1961 is a result of many mistakes made by chairman of CCP, Mao, by shifting 2 million in farm labour to work in iron foundries, and the shift from private farm plots to soviet style commune farms, coupled with floods leading to 43-46 million famine deaths (1994, Chen Yizi, top advisor to CCP General Secretary Zhao Zhiyang). 1967 is the chaotic situation of the Great Proletarian Cultural Revolution launched by Mao. What it shows is that the China Miracle like the Japan Miracle and the German Miracle of recovery after World War II, is based on certain conditions and will enter a phase of lower growth closer to 3% like other industrialized nations over time. India and Indonesia are larger than China and will be the next growth story, which is also shown on these pages this week, with the address to the Indonesian parliament by Modi, and Indonesian president Prabovo's saying that he has studied Modi's economic changes and is copying them as there is no copyright. ...

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The fentanyl crisis in the US with a focus on Arizona and New Mexico, the southwestern US as the DJT administration fights the drug cartels in Mexico.

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Hormuz channel on July 13, 2026 -Iran Memorandum with US is meaningless as IRGC military in Iran and elected Iran government are in a power struggle. Every time the elected president confirms a ceasefire and opening of Hormuz by Iran to all shipping without tolls, the IRGC makes a show of agreeing under pressure from Pakistan, Turkey, Qatar and Egypt, then next day IRGC asserts that Hormuz is closed and all shipping take place on the Iranian side only with tolls. This means Iran is shutting down the Omani side of Hormuz channel which was opened by the US. This is against international law and open navigation of the seas for shipping. The result is that the US government and DJT have lost any confidence in negotiating with the IRGC who make the decisions. The US response is to restart the naval blockade, to be paid for by tolls at 20% to pay all costs of US to ensure safety of oil tankers. The news media is taking the Iranian side which is against the poor countries freely accessing energy and oil supplies at reasonable prices (Egypt, Indonesia, Philippines, Bangladesh, Pakistan, Sri Lanka, India and China a population of close to 4 billion people). Media does this by putting titles like "Iran is playing the long game," because of the opposition to the DJT administration by Democrats. The opposition Democrats fail to address the question about Iran having a nuclear weapon and the resulting danger to the region. DJT administration response is also to find alternative supplies to Hormuz so that India, China and other countries can meet their oil needs outside of Hormuz. As shown in Lyrarc this has already take place and China, India, Japan, cutting back its fuel use after prolific use of oil, and replacing it with renewable energy, more efficient use of energy. ...

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German medium scale industries lose markets to imports from China 2026. For the first time Gemany imports more capital goods from China thanit exports there. The Mittelstand or midsize companies were the backbone of the German economy and thrived on exports which are now at risk from Chinese exports of capital goods at much lower prices. The result is layoffs in many of these companies in towns across Germany. Germany's machine tool exports to China are down by 30% in the first quarter of 2026. About 10,000 jobs are lost every month in Germany as a result of this stiff competition in price and quality. Industrial output in Germany is about 10% less in 2026 compared to 2022 and 15% less in energy intensive sectors.

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These 2 steel plants date back to Scunthorpe 1861, and Port Talbot 1905, when they were first built, when Britain led the world's industrial revolution. The two plants were modernized in the 1950's. British Steel and Tata Steel Port Talbot only two remaining steel plants in UK- retaking the UK steel supply chain move taken Labour in July 2026 as Andy Burnham takes the premiership. British Steel was privatized in 1988. In Asia British Steel and US Steel were revered during the colonial period to the 1950's and 1960's. In the US and UK strangely economic theories took hold that did not see the importance of steel and other basic industries in the life of a nation and its people. About 40 years later the lessons of outsourcing your main supply chains has been learned at great cost to the US and the UK. Note that in today's WSJ an Exclusive report shows the success US steel has become with government help and American tariff protection agiainst dumped steel from China and India. US Steel has grown till it is now the third largest steelmaker in the world. The UK government is nationalizing Scunthorpe plant now given name British Steel under the Steel Industry Nationalization Act. UK has set aside 2.5 million pounds for subsidies to the Scunthorpe and Port Talbot plants for modernization of old pre-1960's plants. This is the right move, if US Steel is a success story with DJT tariffs and government support, British Steel will be a success story with the same kind of support. And contrary to bad economic theory purveyed by some economists the US and UK can now have their own modern steel industries and supply chains at home. ...

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With the game tied at 1-1 and also in overtime, Paraguay win over Germany in penalty kicks shootout, one of the biggest upsets at World Cup Soccer 2026.

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Asking Congress to pass Save America Act DJT says 278000 noncitizens on voting rolls, on July 16 2025 in address to Nation. The fight is for voter ID's and verifying voters, limiting mail in voting.

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How China by not buying oil can keep oil prices low. China's reserves are full and even during April to June 18 during closure of Hormuz did not use oil stocks. It appears that China simply cut the use of oil, increased renewable energy and used coal supplies. This has relieved pressure on oil prices. The US by increasing supplies and countries like China, India, Germany reducing their oil use will help prices of oil remain low in July 2026 compared to the surge to $125 during the first time Hormuz was closed in April-May 2026.

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Profiting from the US presidency that the WSJ says demeans the office. Crypto firms facing investigations and downturn joined to support the Republican candidate in 2024. WSJ Editorial Board is critical of the dealings with crypto firms by the DJT family. Democrats hope to make this an issue in the elections and these crypto and other dealings have a high degree of disapproval among Republicans.

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A very basic EV pickup truck at $25,000 financed by Amazon- with AC Cruise Control and 2 person seating that can be converted into 5 seating using a special kit. The company named Slate based in Troy, Michigan, does not depend on government incentives, bypasses dealerships altogether. It is built using robotic machinery not metal stamping machines and does not use paint but uses $500 customizable vinyl wraps. This way it avoids having paint shops and metal stamping plants like the major car makers, which are major parts of the cost. It will be made at a factory in Warsaw, Indiana in 2027. The Slate pickup truck is shorter than a Toyota Corolla. It can be driven on one EV charge for 205 miles and can use Tesla's charging network.

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Justice Alito's majority US Supreme Court ruling on DJT ending program that allowed 350000 immigrants from war zones Haiti and Syria as implemented by the DJT administration. SCOTUS majority did not consider the president's statements instead focusing on president's authority to conduct migrant and immigration policy in the national interest.

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Oil prices expected to drop from $70 per barrel to $60 per barrel in July 2026 easing oil crisis in advanced and developing nations. A drawdown of inventories by 163 million barrels happened to OECD countries in the 4 months of the Hormuz crisis. Advanced European nations will replenish their inventories starting in the 4th quarter, the US next year in 2027, China with a billion barrels in inventory is not in a hurry to replenish at this time. Factors improving the situation are that the UAE has increased production and sends it though Fujairah that is separate from Hormuz after it left the OPEC oil organization (which sets production quotas for members to control prices). Kuwait is doing the same. Saudis have also increased production routing it away from Hormuz. The advanced countries have learned from the Hormuz crisis. China has changed its oil consumption policy to use it more efficiently one of the big changes from the Hormuz crisis. Instead of importing 10 million barrels a day oil China now imports 6 million barrels a day. China was always a prolific user of oil and as long as oil was plentiful China did not pay enough attention on how to use oil as efficiently as some European nations and Japan are doing. During the crisis the rest of the world including India had time to figure out ways of running their economies using less oil and will continue to do so knowing that Hormuz had allowed one country (Iran) to put the whole family of developing nations in Africa and Asia, Latin America at risk. Hormuz channel itself has opened and about 40-60 ships are making their way through each day. There are risks that Iran will try to close Hormuz again or that the war will restart and this means all nations advanced and developing nations are finding and securing alternative oil supplies. US is also increasing production through its oil base and oil base of its allies, and American plus European oil companies will act to increase supplies and new sources of oil to prevent the world being threatened again in the way it was at Hormuz in 2026. ...

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Something the US president says was "unusual" was the move to a defensive posture reverting to back five, in the substitutions, style of play, and DJT says putting Kane in defense in the second half. "You have a great player in England who I've played golf with. And he is Harry [Kane] who has been fantastic. I think they perhaps made a mistake when they made him a defensive player. What do I know about soccer? They took the lead, and they took their best player and put him on defence." "We got to be a little offensive, right. But no, I'm not going to call it, what do I know about coaching? But that was a little unusual." Messi gets a lot of media attention because of media focus is on stars. In the actual results of the Premier League, Bundesliga, and La Liga, it is Harry Kane who stands out in Bundesliga performance during the last soccer season. He is arguably as good a player as Messi, and the Argentine team would have had a lot to handle with Kane and Bellingham, Saka, Rice and Stones all pushing up front. It may have broken up the Argentine attack with rapid counterattack and the result- England may still be in the finals with Spain. ...

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Internal Bank of England data showing Britain inside European Union 6-8% higher GDP and 75 billion pounds of higher exports of goods in 2025. This is the only objective assessment one can accept in judging what would be best for British workers and their families.  Also lost on the 2014 -2016 period that led to referendum on Brexit in 2016 just three years later is that it came after the 2009-2011 period for recovery from the financial crisis, the first entry of Conservatives and sharp austerity cuts in public spending by 2012, and the period of Covid that followed just 3 years after 2016 in 2019. The process of improving productivity and increasing competitiveness that could have happened, is a cost Britain suffered from Brexit becoming topic No.1, skewing priorities from reindustrializing to debate on a non priority item Brexit- with a lost decade as a result in addition to the 8% of GDP and 75 billion pounds that could add to these numbers. In this way UK lost about 10% of its GDP and 100 billion pounds of exports that without the that  additional public investment  did not happen from 2009 financial crisis, from Brexit divisiveness, followed by Covid. The result is 1.5% growth in GDP in UK compared to closer to 3% in the US. The lower growth alone can mean additional losses in exports in 2025 than are seen in numbers, and additional losses in GDP. This is the economic weakness  that hangs over Britain as it tries out a new leader in 2026. Only a bold action plan under a bold leader can reverse this decline. As shown elsewhere on these pages in Lyrarc, this is why a new leader needs to articulate a bold and well thought out plan to execute with the support of the British people. Andy Burnham has the potential to make this happen starting in 2026 over the next 5-7 years. He has to build on the work he did in the Greater Manchester region, and like Modi in India applying the lessons learned in his home state of Gujarat, step by step, year by year, build the industrial and economic capacity of Britain by 2035. It is not a feat for the timid, struggles will abound, yet it can be done with one step following the previous step in a continuous stride. In fact Burnham can now work with India to add about 1% of GDP because of the close trading relationship and centuries long synergies with India to get closer to 3% growth in GDP per year. At that point public spending and investment would rise to propel further growth. It is in the interest of every sector in Britain to pull together, the same in India, to lift these two main countries of the Commonwealth by the bootstraps. ...

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Iran wants to suspend the Oman US route in Hormuz channel to control navigation- the US wants to keep it open for open seas navigation July 7 2026. 30-50 ships make it through Hormuz. US revokes Iran's oil shipment out of Hormuz as a result, and makes strikes on Iranian  missile launching facilities used to disrupt open seas navigation on the Omani side protected by the US. US tries to set back channels to IRGC military that controls Iran, but IRGC does not carry out regular ongoing talks, talking only at the pressure of the president of Iran working with Pakistan, Turkey and Qatar to convince IRGC authorites. China has reduced its need for the barrels coming out of Hormuz, may not go back to getting Hormuz barrels. UAE has found alternative routes to ship and increased supplies, Saudis doing the same. India and Japan looking for alternative sources of oil including US and Venezuelan supplies. Most of the buyers of Hormuz oil reluctant to go back to getting Hormuz barrels. In this sense the situation has changed, from when the war began. Oil prices could rise from $70 to $76 , and a bit more, but the old situation of Iran threatening oil supplies of the poorer developing countries of the world including China, India, Indonesia, Philippines, Sri Lanka, most of Asia and Latin America, African countries, countries that cannot afford oil prices of $100 is something the world does not need. And the tide is shifting to alternative supplies, conservation that adds enough barrels of oil as China and India, Japan, Germany, are doing, and the US also to some extent. By 2027 alternative supplies will have increased to pull the world out of this place called Hormuz, to where it becomes an insignificant source of unreliable supplies. ...

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US naval base at Bahrain and the damage from missiles in the war  June 2026 as shown by the WSJ. Bahrain is located only 150 miles from the Iranian coastline and was targeted along with other sites including Kuwait and UAE. A new route along the Omani coastline protected by US naval power in the region that then goes along the UAE coastline is now the route opened up by the US for shipping oil through Hormuz. This route is key to reducing oil prices and the recent visit by Marco Rubio of the US to the Gulf Cooperation Council being held in Bahrain June 25,  and the meetings held there, affirmed the open navigation of the seas on international waterways as being under international law. This has led to the fall of oil prices to prewar levels of around $70 per barrel. The US will redo the naval forces and bases in the region with less in Saudi Arabia and Kuwait, smaller footprint in Bahrain, and move some naval forces to the west closer to or inside Israel. The administration has asked Congress for $40 billion for the naval and military effort to restore open navigation of the seas for the world's energy of which $5 billion will go to repair of damaged naval facilities. One of the effects of the war that is constructive is ther is now an awareness to manage oil consumption in India, China and Japan major users of oil coming through Hormuz. China has figured out ways to do without the 3 million barrels a day from Hormuz, India has setup alternative oil supplies from Venezuela, and Japan is both cutting oil use and looking at alternative sources. Oil companies are also working on alternative supplies in other regions of the world. Both China, India, and European Union are accelerating their renewable energy sources to meet energy requirements. This means after 2026 the world may not be dependent on Hormuz for energy supplies, Hormuz becoming one of multiple sources and alternative supplies than in the past. This will also keep oil prices in the $50-$70 range that is consistent with cost of living and economic growth. ...

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Didier Deschamps on the 0-2 loss to Spain in World Cup semifinals July 2026-" we lacked offensive aggression" though he says aggression is not the right term as the Spanish put the French on the defensive right from the beginning. "We did not manage to make this game difficult for them, they forced us to defend." He says France were second best. "The players are devastated but we have to be ​clear-headed … technically we were second best … that is on us … we lacked ‌technical precision and energy … the Spanish are very ‌good at breaking up moves by reading interceptions and passes … we would have liked to cause them more problems going forward … I don’t want to take anything away from Spain, a really good team which knows how to master its plan, but we lacked offensive aggression … although aggression might not be the right term … they forced us to defend … we did not manage to make this game difficult for them.” ...

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Malik Tillman scores for US 2-0 win over Bosnia World Cup Soccer 2026. The 22 year old plays for Bayer Leverkusen. He is the son of a German mother and a American father, chose to play for the US for the 2022 World Cup. Tillman says he has played better, this is not his best. "Pretty low, to be honest.” “I wasn’t satisfied in halftime, especially because of my set pieces. But a World Cup knockout stage game, scoring a goal, it’s of course amazing.” This is the first time in 24 years that the US has entered the round of 16 in World Cup soccer and the goal moments were celebrated by watch parties across American cities east to west and by a vast audience on television in the US and the rest of the world.

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Federal Judge voids $1.8 billion settlement of DJT with the IRS. US Districgt Court Judge Kathleen Williams said  the DJT $10 billion suit against the IRS was filed for an improper purpose and refereed the DJT lawyer to state authorites to see if ethics rules had been violated. Many Republicans opposed this kind of settlement in which the president DJT was doing the settlement by being on both sides as being highly unusual. Using the $1.8 billion for helping the protestors at the Capitol against the election in 2020 made this a partisan infighting affair, and even more controversial. In fact this was one of the most unusual parts of what has been a bitter battle between Democrats determined to oppose DJT in every way possible and DJT Republicans responding to these attacks since 2016. Ten years later fatigue is setting in in the Nation with this behaviour of Democrats and DJT Republicans alike. "The DJT lawsuit was never about a party seeking judicial resolution of a legal issue or a factual dispute." Judge Williams described the $1.8 billion settlement as a bid to "provide some legitimacy to an agreement to confer immunity to people and entities affiliated with the President and to earmark billions of dollars from American taxpayers to redress grievances not defined in the law." ...

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Larry Ellison and DJT over two decades as DJT runs three times for the presidency.

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"Saving America's Story" by the White House Domestic Policy Council - getting America's story told right and protecting its heritage and aspirational values, the issue the Nation faces in 2026. A new report "Saving America's Story" is issued by the administration as a result of an executive order DJT signed in March 2025.The report’s “central finding” - that “museum leadership has explicitly adopted an ideological framework that no longer treats the American story as a shared national inheritance to be taught or celebrated, but as a political instrument to divide, dispirit, and discourage our citizens.” “To the extent that there is a story told at the Smithsonian’s National Museum of American History, it is not one of ‘the victory of freedom and genius of our country’ but one of regret, tragedy, and shame." Why is this important- seen from the outside world the ideals set out in the Declaration of Independence are the best ideas of the Enlightenment in Europe, have inspired the French Revolution in the 1790's, have inspired billions of people in Asia, Africa and Latin America in 1800, in 1900, and in the 1950's in the fight against Colonialism of the European Empires, leading to billions of people and many nations gaining freedom. Washington, Jefferson, and Lincoln are not just the founding fathers of America but also in a way founding fathers of the principles that inspired these people and who created the Modern World we know today. ...