The Bureau of Economic Analysis (BEA) reports a much lower trade deficit than all economists predicted.  This is good news for the upcoming GDP growth report because the value of imported goods are deducted from GDP.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in February, down $1.8 billion from $51.1 billion in January. (read more)

The smaller overall trade deficit was primarily driven by a decrease in the deficit with China. The deficit with China decreased $3.1 billion to $30.1 billion in February.  As noted by Reuters: ““It sounds like pencils are being sharpened in order to revise up first-quarter GDP forecasts,” said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto.“
With little inflation in the U.S. economy it appears Trump’s tariffs on Chinese goods are essentially invisible to the consumer; likely being absorbed overseas in an effort to keep their prices low upon delivery. As the Trump administration negotiates on the world’s first ever Free Trade Agreement with China, the willingness/ability to execute additional tariffs provides ongoing leverage.
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The Chinese woman who tried to lie her way into Mar-a-Lago appeared in court today to plea ‘not guilty’.  However, U.S. Magistrate Judge William Matthewman ordered her continued detention and pointed out the obvious:  “It does appear to the court that Ms. Zhang was up to something nefarious when she unlawfully attempted to gain access to Mar-a-Lago”…

WEST PALM BEACH, Fla. (Reuters) – A Chinese woman charged with bluffing her way into U.S. President Donald Trump’s Florida resort last month was denied bail on Monday by a federal judge who said he believed she was “up to something nefarious.”
Yujing Zhang, who was carrying multiple electronic devices when arrested, pleaded not guilty at her arraignment and detention hearing on Monday in West Palm Beach, Florida.

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President Moon Jae-in the the Korean equivalent of Barack Obama.  Today President Donald Trump and First-lady Melania Trump welcome President Moon and Mrs. Kim Jung-sook to the White House.  During the oval office meeting President Trump took questions from the press corps [Video and Transcript below]

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[Transcript] – 12:19 P.M. EDT – PRESIDENT TRUMP: Thank you very much. It’s a great honor to have President Moon of South Korea with us and a very, very great privilege to have Mrs. Kim. Thank you very much. Very much. We hope you enjoy your stay.
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Put this into the geopolitical file labeled: “Things that make other things make sense”…  You only need to watch the first minute and fifteen-seconds of this announcement to see the bigger BIG picture.  WATCH:

[Transcript Snippet] … “This is the first time that the United States has designated a part of another government as an FTO. We’re doing because the Iranian regime’s use of terrorism as a tool of statecraft makes it fundamentally different from any other government. This historic step will deprive the world’s leading state sponsor of terror the financial means to spread misery and death around the world.”

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During a bond hearing today prosecutors say the FBI is still investigating whether a 32-year-old Yujing Zhang, the Chinese woman accused of lying to illegally enter President Trump’s Mar-a-Lago estate in Florida, is a spy.
After a search warrant, additional spy tech was found in her hotel room including: $7,500 in one hundred dollar bills; a signal detector device to find hidden cameras; nine USB drives, five SIM cards and an additional cell phone.  Sketchy… all of it.

(Via CBS) A federal prosecutor says a Chinese woman who was arrested for illegally entering President Trump’s Mar-a-Lago club had a device to detect hidden cameras in her hotel room when Secret Service agents searched it.
Speaking at Yujing Zhang’s bail hearing Monday in West Palm Beach, Florida, prosecutor Rolando Garcia said agents also found U.S. and Chinese currency in her room, along with nine USB drives and five USB cards. She’s charged with lying to a federal agent and illegal entering.

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National Economic Council Chairman Larry Kudlow appears on Face The Nation to discuss issues with the U.S-Mexico border and possible economic ramifications if the security issues are not addressed. Additionally, Kudlow discusses the USMCA trade deal and the status of current negotiations with China.

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There are no coincidences when you dance with the dragon.  Earlier today U.S. prosecutors notified Huawei in a court filing they intend to use classified surveillance evidence gained through a FISA warrant against the Chinese state-owned enterprise.

Assistant US Attorney Alex Solomon said at the hearing in federal court in Brooklyn, New York, that the evidence, obtained under the US Foreign Intelligence Surveillance Act (FISA), would require classified handling. (more)

A few hours later, President Trump holds a meeting in the oval office to discuss trade issues with Chinese Vice-Premier Liu He….  [Video and Transcript Below]

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[Transcript] – 4:31 P.M. EDT – PRESIDENT TRUMP: Thank you very much. It’s a great honor to be with the Vice Premier of China, a highly respected man all over the world. We’ve had tremendous discussions. We’re getting very close to making a deal. That doesn’t mean a deal is made, because it’s not, but we’re certainly getting a lot closer. And I would think with — oh, within the next four weeks or maybe less, maybe more — whatever it takes — something very monumental could be announced.
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President Trump delivered remarks today during a White House Opportunity and Revitalization economic group meeting. [Video and Transcript Below] What is the axiom that needs to be continually referenced when contemplating the forces aligned against President Donald Trump?  “There are trillions at stake“.
President Trump is single-handily navigating U.S. interests amid a landscape where the entire BIG CLUB is aligned against him.  All but a handful of DC politicians are owned by Wall Street’s BIG CLUB (Donohue and McConnell); multinationals & allied media. Meanwhile, to enhance their self-interests/plans, the ‘Occupy’ left-wing Democrats have abandoned all prior positions and joined a tactical alliance with Wall Street in the hopes of removing President Trump.  These are the forces against all ‘America First‘ policies.

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[Transcript] -White House – […] PRESIDENT TRUMP: We’re losing, a few years ago, two hundred, routinely, to China. We can’t do that. We’re going to turn it around. It’s got to be a great deal. If it’s not a great deal, we’re not doing it.
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Suspicious Cat says this story is suspicious. A Chinese woman, Yujing Zhang, used fake names and different stories to explain why she was at the Southern White House. Secret Service Agents said they seized four cell phones, a laptop computer, and a thumb drive that had malware on it….

WEST PALM BEACH — A 32-year-old Chinese woman, who said she wanted to talk to President Trump’s family about economic relations between the United States and her home country, lied her way into Mar-a-Lago over the weekend before she was arrested, U.S. Secret Service agents said.

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Senate Judiciary Chairman Lindsey Graham (U-DC) appears on Fox News with Maria Bartiromo to discuss his plans for investigative obfuscation and oversight.  On a positive note, Graham is considerably less optimistic as he discusses his efforts to pressure AG Bill Barr to establish a special counsel.  Previously Graham expressed “confidence”, now he’s expressing “hope”. Hmm, perhaps AG Barr is less favorable to another special counsel.
It also sounds like someone has informed Senator Graham the preferred direction for accountability is support for criminal referrals and direct investigation/prosecution. Perhaps that subtle shift is connected to his re-election effort.
The conversation then shifts to border security, China and North Korea.  Senator Graham affirms he is aligned with President Trump on those three critical issues.

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