KORUS Trade Deal – No Steel Tariffs For South Korea In Exchange for 50,000 Exports per U.S. Automaker…

Perhaps as early as this week we should anticipate hearing about completion a significant trade agreement with South Korea.  The deal is known as “KORUS” (KOR+U.S.), and has been in negotiations for over a year.

Part of the recent agreement within the auto-sector of the deal, between Moon Jae-in and President Donald Trump, via Lighthizer and Ross, is an exemption of U.S. steel tariffs for South Korea in exchange for a doubling of U.S. auto exports; from 25,000 to 50,000 American made cars, per U.S. automaker, per year.  (link)

The results within KORUS exhibit the intended outcome of the global tariff proposal from President Trump as leverage to enhance the administration policy of reciprocity.  The world is taking notice, and China is now beginning to signal their understanding of President Trump leading the international discussion of reciprocal trade.

The unspoken background is that all nations, who have acquiesced to the overwhelming demands of China’s trade position, are now beginning to reassess the value of President Trump confronting the equation head-on.  Ultimately it is beginning to sink-in that all nations can benefit from correcting a trade imbalance within their own position.  In essence, U.S. President Trump is moving the entire global trade dynamic.

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09:50 – Doesn’t Add Up. Never Has. Never Will. 09:50 The FBI Lied, Not Steele…

Senator Lindsey Graham appears on Fox News for an interview with Maria Bartiromo.  99.99% of the interview is country club Senator Graham repeating the same South Carolina white wine spritzer talking points he’s famous for.  That is to say lots of words amounting to nothing. The gastric equivalence of cucumber and mayonnaise triangle sandwiches on crust-less Wonder bread with a side of celery.

However, there is a reminder at 09:50 of a key and important point that tries to surface yet continues to get whacked down by the annoying duplicity of swamp creatures and a media that completely ignores the obvious.  Lindsey Graham claims Christopher Steele lied and told the FBI he never talked to media.

We do not know this to be true, and neither does he.

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It is far more likely the FBI:… #1) Ignored Chris Steele talking to media because they needed his Clinton-Steele dossier for a false FISA application; and #2) the FBI later told congress they didn’t know about Steele talking to media, but they really did; and #3) the FBI falsified FD-302 reports of their interview with Chris Steele to cover their tracks.

Here’s how we know:

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Change of Plans – Due To Conflict diGenova No Longer Joining Trump Legal Team…

President Trump is no longer planning to utilize the services or representation of the legal husband and wife team of Joseph diGenova and Victoria Toensing, within the ongoing Mueller probe, due to conflicts.

“The President is disappointed that conflicts prevent Joe diGenova and Victoria Toensing from joining the President’s Special Counsel legal team,” his lawyer, Jay Sekulow, said in a statement. “However, those conflicts do not prevent them from assisting the President in other legal matters. The President looks forward to working with them.”

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Sunday Talks: Maria Bartiromo Interviews Devin Nunes…

Maria Bartiromo has an interview with Devin Nunes encompassing multiple topics from China and Trade to the FBI/DOJ investigation.

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HPSCI recommendations below:

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Important Context: Understanding The Eagle, Panda and Red Dragon…

Nuance and subtlety is everything in China.  Culturally harsh tones are seen as a sign of weakness and considered intensely impolite in public displays between officials; especially within approved and released statements by officials representing the government.

There is no doubt in my mind that President Trump has a very well thought out long-term strategy regarding China.  President Trump takes strategic messaging toward the people of china very importantly.  President Trump has, very publicly, complimented the friendship he feels toward President Xi Jinping; and praises Chairman Xi for his character, strength and purposeful leadership.

To build upon that projected and strategic message – President Trump seeded the background by appointing Ambassador Terry Branstad, a 30-year personal friend of President Xi Jinping.

To enhance and amplify the message – and broadcast cultural respect – U.S. President Trump used Mar-a-Lago as the venue for their visit, not the White House.  And President Trump’s beautiful granddaughter, Arabella, sweetly serenaded the Chinese First Family twice in Mandarin Chinese song showing the utmost respect for the guests and later for the hosts.

Why the constant warm messaging?

What is the purpose?

What does all this have to do with a trade confrontation?

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Report: New NSA John Bolton Planning Deep State Purge Within National Security Council….

The National Security Council is a large intelligence bureaucracy, within the Washington DC intelligence apparatus, consisting of dozens of principles and hundreds of staff.   Many of those staffers are career officials, holdovers from prior administrations.

According to Foreign Policy, incoming National Security Adviser to the President, John Bolton, is planning a significant ‘clean house’ removing a significant number of people within the system.

(Via FP) Incoming National Security Advisor John Bolton and people close to him are expected to launch a massive shake-up at the National Security Council, aiming to remove dozens of current White House officials, starting with holdovers from President Barack Obama’s administration, according to multiple sources.

Those targeted for removal include officials believed to have been disloyal to President Donald Trump, those who have leaked about the president to the media, his predecessor’s team, and those who came in under Obama.

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Gordon Chang Discusses President Trump’s Plan to Remove the Panda Mask From The Chinese Red Dragon…

Author of “The Coming Collapse of China”, Gordon Chang, discusses the effect of President Trump’s tariffs on China and the epic battle ahead.  Last night China announced their feeble retaliatory actions – SEE HERE.  A professionally nervous Maria Bartiromo, frames a series of questions from the perspective of Wall Street.

Fortunately Gordon Chang understands the Red Dragon, and more importantly understands Chinese Chairman Xi Jinping’s geopolitical goals through economic conquest. Mr. Chang is one of the few people who appear regularly in media and know the truth behind the Panda Mask.

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People often talk about the ‘strength’ of China’s economic model; and indeed within a specific part of their economy -manufacturing- they do have economic strength.

However, the underlying critical architecture of the Chinese economic model is structurally flawed and President Trump with his current economic team understand the weakness better than all international adversaries.

China is a central planning economy.  Meaning it never was an outcropping of natural economic conditions.  China was/is controlled as a communist style central-planning government; As such, it is important to reference the basic structural reality that China’s economy was created from the top down.

This construct of government creation is a key big picture distinction that sets the backdrop to understand how weak the economy really is.

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Whoops – Someone Noticed Trump’s Trade Confrontation With China Will Actually Boost U.S. Metal Makers…

Without apology CTH continues to state all opposition to President Trump finds the epicenter of motive behind the economic policy.  There are trillions at stake.

Yes, there are ideological differences, but do not doubt for a moment the existential threat is the core principle behind America-First economics.

Multinational corporations and global financial interests have more than a generation of effort invested within the modern trade and economic constructs that President Trump is challenging head-on.

Politicians do not construct legislation, K-Street lobbyists do. Hundreds of millions have been spent purchasing politicians as a sales force to protect those financial interests. Challenge their financial trade schemes and you are threatening the livelihood and financial systems that generate massive wealth for very powerful people.  Additionally, the downstream effect threatens the affluence of the professional political class.

That said, there are American interests who will benefit, it’s just not popular within the cocktail party circuit to admit it:

(BloombergChina’s plan to counter U.S. import tariffs may throw global aluminum and steel traders into a tizzy, but the net result could be a boon for American primary-metal producers.

The retaliatory plan to slap tariffs on U.S. aluminum scrap and some steel products may boost American supplies, lowering raw-material prices, says Zaner Group LLC’s Peter Thomas. That could coax some metal producers to restart unused capacity in Rust Belt states if infrastructure spending picks up.

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Giddy Up – DOJ Admits They Have a Grand Jury Empaneled in FBI and DOJ Investigation…

Today chairman Bob Goodlatte sends a formal subpoena to the DOJ (Inspector General Michael Horowitz) for documents regarding the investigation of Hillary Clinton’s private email server, potential abuses of the Foreign Intelligence Surveillance Act, and the FBI’s Office of Professional Responsibility recommendation to fire former FBI Deputy Director Andrew McCabe.

However, it’s not the subpoena that should make the news.  Pay close attention to the DOJ response.

House Judiciary Committee Chairman Bob Goodlatte (R-VA) is one of the top three people throughout the entirety of congress with a comprehensive knowledge of the events surrounding the investigations of the FBI and DOJ. Chairman Goodlatte is one of only four people outside the DOJ who have read the full DOJ FISA application used for a Title-1 Surveillance warrant of Carter Page.

The House Judiciary Committee holds the primary statutory oversight over the U.S. Department of Justice. Additionally, Chairman Goodlatte is the congressional office working closest with DOJ Inspector General Michael Horowitz. In short, Goodlatte is the center of all ‘oversight’ information circling the investigations into the DOJ and FBI.

However, all of that said, even Chairman Bob Goodlatte doesn’t, and shouldn’t, know what criminal investigations are underway.  We’ve explained this dynamic of disconnect numerous times.  We really began emphasizing this when AG Jeff Sessions admitted he brought in a prosecutor from outside Washington DC to work with Inspector General Horowitz.

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