Giddy up… President Trump has fulfilled another campaign promise to confront China and hold firm.  As promised, three decades of Donald Trump’s intense commitment to stop the exfiltration of Amerian wealth is on display today.

When you plant your tree in another man’s orchard don’t be surprised when you end up paying for your own apples….

U.S. Trade Representative Robert Lighthizer; U.S. Treasury Secretary Steven Mnuchin; U.S. Commerce Secretary Wilbur Ross and U.S. President Donald Trump are confronting Chinese Chairman Xi Jinping and Vice-Chairman Liu He… and now consequential things get economically very serious.
There are going to see multiple geopolitical background moves now as the confrontation shifts to the painful phase…. who can outlast the economic standoff.

WASHINGTON DC – Negotiations to end the US-China trade war came to a surprisingly early close in Washington on Friday with no signs of a deal – reportedly just hours before the Chinese delegation will return to Beijing.
US Treasury Secretary Steven Mnuchin told reporters at noon that the talks had been constructive as he left the US trade representative’s office, where negotiators held their latest round of talks in an attempt to end a months-long trade dispute. (more)

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Today President Trump outlines an approach to head-off the anticipated retaliation from China over the increase in U.S. tariffs that began today. Whether this is structurally possible, or whether this is Trump’s attempt to diminish the leverage carried by Vice-Chairman Liu He, is an interesting question. However, the strategy is clear.
Overall U.S. inflation remains low relative to the economic gains from MAGAnomic policy. [Current CPI HERE].  GDP and wage growth are both exceeding inflation. As such, now is indeed the best time to confront China. President Trump notes this today in a tweet:

Inflation in the U.S. remains low overall at 1.8%…. now is the perfect time to hit Beijing with expanded tariffs.  However, President Trump knows China will retaliate through the multinationals on Wall Street.  President Trump knows China will specifically target the U.S. Agriculture sector. China will likely attempt to put pressure on Trump by refusing to buy U.S. farm product. The BIG AG multinationals will go bananas.
The BIG AG multinationals, those who control food/farm production, also control key Senators; they have been purchased through lobbyists. This is part of the Big Club approach/strategy.  Wall Street and the U.S. Senate will be aligned to support China; as a consequence President Trump needs to counteract their effort.
President Trump’s approach to counteract China’s strike against the U.S. agricultural community is visible in a series of tweets today.  I don’t necessarily agree with the proposal long-term, BUT I do understand the short-term objective…. optimum expediency.
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House Judiciary member Mark Meadows has provided John Solomon with notes taken by Deputy Assistant Secretary of State Kathleen Kavalec on Oct. 11, 2016, during her meeting with Dossier author Christopher Steele (full pdf below). Solomon Article HERE.

Within the notes Kavalec outlines: ¹the motives of Steele; ²innacuracies in his claims; and ³his media distribution network used to push the sketchy information.  From the notes Kavalec wrote an email (currently classified by FBI/DOJ) informing the FBI of her review, two weeks ahead of the FBI application to the FISA court, which should have led investigators to withdraw Steele’s dossier from the application:
[scribd id=409363897 key=key-msf8r3AmC6FEpoDTsQUT mode=scroll]
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Paul Sperry has an interesting article today at Real Clear Politics outlining the amount of expenditures by special counsel Robert Mueller during his two-year investigation.  Sperry notes many in DC are wondering who the “contractors” are that were paid by Mueller:

Special Counsel Robert Mueller spent more than $732,000 on outside contractors, including private investigators and researchers, records show, but his office refuses to say who they were. While it’s not unusual for special government offices to outsource for services such as computer support, Mueller also hired contractors to compile “investigative reports” and other “information.”  (read more)

Strongly suggest reading the above article.
Sperry outlines the breadcrumb trail which seems to indicate that Glenn Simpson (Fusion GPS) and Chris Steele may have been paid.  One of the key aspects lending weight to this likelihood is the part of Mueller’s specific mandate, as delivered by DAG Rosenstein, that the special counsel investigate the claims within the Steele Dossier.
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This is the big one.  This is the inflection moment.  Tonight around 5:00pm Chinese Vice-Chairman Liu He will engage with team U.S.A. on the substantive issues around the future of the U.S-China trade relationship.   Trillions at stake.
At midnight tonight the tariffs on Round One of Chinese goods are scheduled to increase from 10 percent to 25 percent.  Round Two is yet determined.  The background for the disposition of TEAM USA was outlined HERE.

Mnuchin – Trump – Lighthizer and Ross

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnunchin previously worked a 150-page outline agreement with China on seven chapters of trade issues covering: Theft of U.S. intellectual property; protection for trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation.  Last week China reversed course on all of the substantive agreements. 
Today Vice-Chairman Liu He is going to try to justify to President Trump why China can no longer accept the commitments they made over the past three months.
It cannot be overstated how everything in/around DC must first be filtered through the prism of this inflection point.  At the heart of U.S. politics, the majority of the Senate Chamber is aligned with the Chinese through purchased multinational lobbying interests. Again, there are trillions at stake.  Wall Street through K-Street has paid the Big Club to defend their multinational/financial interests from President Trump.
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At the conclusion of a presentation for healthcare ‘surprise billing’ initiative, President Donald Trump took multiple questions from the media on a variety of issues.
Topics include: China trade deal and upcoming meeting with Vice-Chairman Liu, President Trump notes receiving letter from Chairman Xi Jinping; the strength of the U.S. economy; issues surrounding special counsel Bob Mueller; North Korea missile launch; current status of issues with Iran; questions about Donald Trump Jr. subpoena.  [Transcript will follow]

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[Transcript] Q Mr. President, on the North Korea missiles —
THE PRESIDENT: Yeah.
Q — what message do you take from them?
THE PRESIDENT: Well we’re looking at it very seriously right now. They were smaller missiles — short-range missiles. Nobody is happy about it, but we’re taking a good look and we’ll see. We’ll see.
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The White House is promoting a new healthcare initiative to confront the issues of ‘surprise billing’ within the healthcare industry. [SEE HERE]  Today President Trump delivered remarks on a new standard for informing healthcare consumers:

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[Transcript] – 12:06 P.M. EDT – THE PRESIDENT: Hello, everybody. Yesterday, Secretary Azar announced a bold, new initiative to require drug makers to disclose the prices to consumers. And it’s going to be something, I think, very special. You may have heard about it; maybe not. But it’s the beginning of a plan of transparency. And I think it will have quite an impact. So, thank you very much. That was a job well done. Everybody said it. (Applause.)
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Ranking Member Representative Doug Collins discusses the House Judiciary impeachment scheme, and the “desperate move” to discredit Attorney General Bill Barr.
Rep. Collins notes that former Special Counsel Robert Mueller is unlikely to appear before the committee and there is no appearance currently on their schedule:

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There are numerous media reports about the Senate Intelligence Committee filing a subpoena for additional testimony from Donald Trump Jr.  However, there’s something a little, well, ‘off’ about how the story is being presented…. zero official verification.

Without any verification, and with only vague references to anonymous sourcing, CTH would advise to wait-and-see on this one.  DJT-jr has been used more than once for leak hunting.   The AP Article is HERE.  That said, Trump Jr. did retweet this message:

Dan Bongino appears with Lou Dobbs to discuss the insufferable debate over the word “spies”.  Bongino accurately outlines the issues with current FBI Director Christopher Wray and his institutional motives.

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FBI Director Wray lost all credibility in June of 2018 when he participated in a structured press conference intended to diminish the IG report on the institutional issues with the FBI.   It was then obvious Wray was committed to the institutional cover-up of gross misconduct by former and current DOJ and FBI officials.
At the conclusion of that June 14, 2018, press conference an earlier unscheduled meeting on January 3rd, 2018, between Christopher Wray, Rod Rosenstein and House Speaker Paul Ryan then began to make a lot more sense.
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