With President Trump announcing an additional ten percent tariff on $300 billion of Chinese products, the Chamber of Commerce worm, Tom Donohue, comes out to oppose.
An interesting juxtaposition between two interviews.  The first with National Economic Council Director Larry Kudlow, and the counter point by CoC President Dohohue:

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In the next interview Donohue surfaces… he has no choice.  Tom Donohue is paid tens of millions by the Wall Street multinationals to retain the current exploitative system of global trade.  Donohue has no influence over President Trump.
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Chopper pressers are the best pressers.  Earlier today President Trump was departing the White House for Bedminister, NJ, when he stopped to talk to the assembled press pool about a variety of topics.  [Video and Transcript below]

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[Transcript] Q Mr. President, why did you throw the towel in on Ratcliffe? Why didn’t you want to wait a little bit longer and see how that process went?
THE PRESIDENT: Which process are you talking about?
Q The confirmation process. The confirmation process with Congressman Ratcliffe.
THE PRESIDENT: Because I felt that Congressman Ratcliffe was being treated very unfairly. I was reading the press. And I think I am a student of the press. And I could see that the press was treating him, I thought, very unfairly. He’s an outstanding man.
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The DOJ has filed a response motion requesting a reversal of a prior court order that would have forced unredacted release of the “David Archey Delcarations“; detailed descriptions of the James Comey memos.  [Detailed Backstory]
In their latest filing (full pdf below) the DOJ and FBI are falling back on the familiar “sources and methods” justification to block DC Circuit Court Judge Boasberg’s earlier ruling.
[Backstory for those unfamilar] In the background of what was The Mueller Investigation, there was a FOIA case where the FBI was fighting to stop the release of the Comey memos.  Within that courtroom fight Mueller’s lead FBI agent David Archey wrote a series of declarations to the court describing the content of the memos and arguing why they should be kept classified.
The FOIA fight shifted; and the plaintiff, CNN, argued for public release of the content of the FBI agent’s descriptions, now known as the “Archey Declarations”.
After a lengthy back-and-forth legal contest, on June 7th Judge James E Boasberg agreed to allow the FBI to keep the Comey memo content hidden, but instructed the DOJ/FBI to release the content of the Archey Declarations.  The DOJ is seeking to reverse that order.
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The epicenter of the deepest defensive mechanism of the Deep State is the Senate Select Committee on Intelligence (SSCI).  The SSCI is the bunker, the intelligence manipulation operations headquarters. The SSCI is where the political nuclear weapons (black files and IC gathered political surveillance research) are housed.  As a direct consequence the SSCI is the most corrupt and manipulative committee in all of congress.
President Trump has withdrawn the nomination of John Ratcliffe because both wings of the most corrupt deep state apparatus had formed a hardened defense in the SSCI:

Let me be perfectly clear.  The issue is the SSCI.
The weaponized issues of corrupt DC endeavors are always associated with the SSCI.   It is also not coincidental that ODNI Dan Coats was Senator Dan Coats…. and where was his tenured membership prior to becoming Director of National Intelligence?   Yup, the SSCI.
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National Economic Council Director Larry Kudlow on trade negotiations with China, and how the EU is positioning to off-set global economic contraction.  Additionally, Kudlow discusses the aspects of the July jobs report overlooked by Wall Street pundits.

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Do not overlook or underestimate the importance of the bigger picture behind the global economic forecasts and the collective alignment against U.S. President Donald Trump.  The ‘America First’ program is against their interests. There are trillions at stake.
Asia, primarily China, and the EU rely on common alignment with the multinationals who control Wall Street and have influenced U.S. trade and economic policy for 35 years.
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The Bureau of Labor Statistics (BLS) releases the jobs data for July.  Overall employment rose by 164,000 new jobs; that’s great.  Average hourly wages grew by 8 cents to $27.98, a year-over-year growth of 3.2 percent; again great.  163.4 million people working is the highest number of people working in history; more good news. [Data release link]
However, there’s an even better result in a very important data-point.  363,000 people moved from part-time to full-time employment.   The move from PT to FT employment is a key indicator of a very strong economy and workers are benefiting in benefits, wages, and total compensation which now exceeds 5.5 percent growth.

[CNBC NEWS] Economists had expected the unemployment rate to drop to 3.6%, which would have tied a 50-year low, but an influx of 370,000 new workers to the labor force brought the participation rate up to 63%, its highest since March. The total labor force of 163.4 million set a record high.
The report “illustrates that, for all the concern over weak global growth and trade policy, the domestic economy is still holding up reasonably well,” said Andrew Hunter, senior U.S. economist at Capital Economics. (read more)

The interesting aspect here is to remind ourselves that James Comey is currently in the “Principal Review Phase” of a pending IG report that is specific to his conduct.
Inspector General Michael Horowitz has written a report of Comey’s conduct. Part of that process included a criminal referral to US Attorney John Huber, and a prosecution declination. James Comey has obviously reviewed the IG report (an NDA restricts his ability to talk specifically about it); and we are awaiting publication of the final report.

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It sounds like former FBI Director James Comey has concluded his response to the Inspector General’s report.  Which means the IG report is soon to be released.

Chopper pressers are the best pressers.  As President Trump departs the White House traveling to Cincinnati, Ohio, for a MAGA rally, the high energy POTUS stops to answer questions from the press pool.  [Video Below – Transcript ADDED]

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[Transcript]  THE PRESIDENT: Yes.
Q Mr. President, why the tariffs against China now? And are you concerned about the nosedive the Dow took today as a result?
THE PRESIDENT: No, I’m not concerned about that at all. I expected that a little bit because people don’t understand quite yet about what’s happened.
We’ve taxed China on 300 billion dollars’ worth of goods and products being sold into our country. And China eats it because they have to pay it. Because what they do is they devalue their currency and they push money out.
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US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin returned from two days of talks in Shanghai on Thursday.  After debriefing President Trump on the results the president announced a decision to apply a 10 percent tariff on $300 billion worth of Chinese products.

This announcement would answer the question of whether the Chinese were willing to restart discussions from the previous point of contention.  Obviously they are not.
The Wall Street financial/investment class will go bananas.  U.S. based multinationals who have invested massively in Chinese manufacturing are apoplectic.  The ‘Wall Street’ -vs- Main Street battle now enters a new phase of confrontation and adversarialism.
As we have discussed, President Trump consistently implied he did not see how any deal with China is possible unless they were willing to fundamentally restructure their trade position. It has been clear -validated by the G20 outcome- that President Trump is not going to accept anything less than a full and complete structural change in the U.S. trade position with China. Lighthizer’s severe compliance and enforcement clauses, specific to each unique trade sector, are non-negotiable.
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Now that we know the Department of Justice Inspector General is about to release a report on former FBI Director James Comey; and now that we know the OIG Principal Review Phase was already initiated; we can start to monitor the IG Website for the release.

NOTE: This is NOT the IG report on DOJ and FBI conduct about IG FISA abuses. This is a carve-out report, specific to James Comey and his leaked memos.

It appears the pending IG report will cover the conduct of James Comey and how he handled a series of memos he produced; contemporaneous accounts written by Comey covering events he documented outside of normal FBI protocol.

As part of the process, the inspector general report has been given to James Comey in advance.  According to John Solomon reporting, Comey lawyers Patrick Fitzgerald and Daniel Richman, along with spokesperson Keith Urbahn are all participating in his review of the report content.  This is called the “Principal Review Phase”.
In the example of the 2018 IG report on Andrew McCabe, the OIG gave McCabe’s team a week during the principal review phase, and then published the report two days after the responses were submitted. [McCabe Report Reviewed] We don’t know how long James Comey has had the report, but my hunch is several days.
If the IG sticks to the same general feedback timeline as the McCabe report, we could see a final IG report very soon; perhaps even as early as tomorrow (Friday August 2nd); which would line-up with the DOJ request for additional time in the Comey Memo/Archey Declaration FOIA case in the DC Circuit (Judge James Boasberg) also due Aug 2nd, and possibly delayed due to the background of the Comey IG report being released.
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