U.S. Trade Rep Robert Lighthizer’s work on the U.S-China trade negotiations is easily the most technically challenging and legally complex trade deal in the history of U.S. Commerce.
Lighthizer is not focused on selling more U.S. product, he is focused on bigger issues and enforcement therein.
Think about it.  This is a deal between a U.S. open market economy and a communist controlled closed market economy in China.  No nation has a comprehensive trade deal with China on anything except individual business sectors.
Despite China’s entry into the World Trade Organization, no nation has ever achieved anything close to an aggregate FTA (Free Trade Agreement) with China.  This deal would be the first comprehensive deal, and as such Lighthizer is essentially mapping out an agreement that all other nations could follow….  This is big-league.
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The Canadian government shocked the professional financial and economic media with their latest fourth quarter GDP release showing the economy has essentially come to a grinding halt at 0.1% growth.  [Compare to U.S. GDP growth of 3%]
The Canadian Q4 GDP growth isn’t one percent, it’s one-tenth of one percent: 0.1%, essentially halted; but everyone discussing this is missing something very important.
First, The Financial Post headline:

[FP] Canada’s economy practically came to a halt in the final three months of 2018, in a much deeper-than-expected slowdown that brings the underlying strength of the expansion into doubt.
The country’s economy grew by just 0.1 per cent in the fourth quarter, for an annualized pace of 0.4 per cent, Statistics Canada said Friday from Ottawa. That’s the worst quarterly performance in two and a half years, down from annualized 2 per cent in the third quarter and well below economist expectations for a 1 per cent annualized increase.

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A young man who lives in the area of Los Angeles has a message for the Hollywood elites that speaks truth.   WATCH:

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Within that seven minute speech this young man foretells of a future that is exactly what CTH outlined when we shared the following image:
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White House Council of Economic Advisers Chair Kevin Hassett discusses the U.S. economy’s 2.6 percent growth in the fourth quarter, and the outlook for the U.S. economy through the rest of 2019.

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Notice how most of the financial pundits are focusing on what the “global economy” needs; specifically what the EU and China need to do to gain economic growth.  From that position, the U.S. trade reset is adverse to their financial interest; those financial interests are driven by Wall Street not Main Street.
Economic nationalists who understand the concept of ‘America First’ focus on what the USA economy needs, and do not accept a position that the U.S. should acquiesce our position to benefit the economic needs of other nations.  That’s the primary difference.
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National Economic Council Director Larry Kudlow appears on CNBC to discuss the latest releases of economic stats and the on-going trade talks between the U.S. and China.  Kudlow notes the U.S. and China are making progress specifically due to USTR Robert Lighthizer.  Interesting interview.

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Nuance and team subtlety are important here. Larry Kudlow is a loyal soldier, no question, but his economic leaning is toward trade outcomes that benefit Wall Street… Robert Lighthizer is a fierce battle-hardened trade expert, with an outlook that is multi-generational toward Main Street.
Listen to Lighthizer talk about the economic future for his grandkids in his congressional testimony yesterday and you’ll see what I mean. NO COMPROMISE with China.  Lighthizer is prepared to fight all of Main Street’s enemies, including congress.
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The Bureau of Economic Analysis, BEA, finally released the fourth quarter growth rate estimate for 2018.  The 4th quarter growth result at 2.6% exceeded expectations, and shows the U.S. economy is growing stronger than almost all economic forecasts.

WASHINGTON DC – In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.
Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year. The domestic economy grew at a pace of 3.4% in the third quarter and 4.2% in the second quarter.

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Despite several positive and remarkable comments from Kim Jong-un, President Donald Trump and the North Korean Chairman could not come to a substantive agreement after two days of negotiations on the process to denuclearize the Korean peninsula.
During a press conference prior to departing Hanoi, Vietnam, President Trump cited two issues: (1) A North Korean demand for the immediate removal of all multinational economic sanctions; and (2) The unwillingness of North Korea to be fulsome about their missile and nuclear locations. WATCH:

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UPDATE:  Here is a link to the transcript.  Additional Thoughts:
In the backdrop of the Hanoi summit, and as U.S-China trade negotiations continue, the Trump administration suspended the implementation of the March 1st tariff increase on Chinese goods.  Unfortunately, attaining this goal may have empowered a cunning Chairman Xi Jinping to influence the demands of DPRK Chairman Kim.
A covert influence connection will become clear if President Trump now takes an even more firm trade and tariff position toward China. We’ll keep watching closely.
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You might want to bookmark this congressional testimony from U.S. Trade Representative Robert Lighthizer to the House Ways and Means Committee for specific purposes…
There are many people who are understandably worried that any U.S. trade agreement between the U.S. and China might not have the most ferocious teeth behind a binding enforcement provision.  If you listen to Ambassador Lighthizer he makes clear that President Donald Trump, and the negotiating team, will not accept any agreement that does not have the strongest enforcement mechanisms at every level.

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In his testimony Lighthizer walks through the basic outline of what a U.S. successful agreement would look like.  While increased Chinese purchases to lower the deficit are a part of the goal, they are a VERY SMALL part of the goal.
The protection of U.S. intellectual property; the removal of non-tariff trade barriers; the confrontation of currency manipulation and the sector by sector enforcement provisions are the primary objective.
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The majority of the political engagements between U.S. President Donald Trump and North Korean Chairman Kim Jong-un will take place early Wednesday morning (U.S. EST). Vietnam is 12 hours ahead of U.S. Eastern time.

Wed. Hostage Rescue Schedule and Livestream Below:

• 5:55am EST / 5:55pm (local) – President Trump departs his hotel en route to the Sofitel Legend Metropole Hanoi, Hanoi, Vietnam
• 6:15am EST / 6:15pm (local) – President Trump arrives at the Sofitel Legend Metropole Hanoi, Hanoi, Vietnam
• 6:30am EST / 6:30pm (local) – President Trump participates in a greeting with the Chairman Kim Jong-un of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK), Hanoi, Vietnam
• 6:40am EST / 6:40pm (local) – President Trump participates in a one-on-one conversation with Chairman Kim Jong-un of the State Affairs Commission of the Democratic People’s Republic of Korea, Hanoi, Vietnam
• 7:00am EST / 7:00pm (local) – President Trump participates in a social dinner with Chairman Kim Jong-un of the State Affairs Commission of the Democratic People’s Republic of Korea, Hanoi, Vietnam
• 8:35am EST / 8:35pm (local) – President Trump departs the Sofitel Legend Metropole Hanoi en route to his hotel, Hanoi, Vietnam
• 8:55am EST / 8:55pm (local) – President Trump arrives back at his hotel, Hanoi, Vietnam

Day #1 (Wednesday Local) concludes.
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No issue exposes the nature of the UniParty agenda in congress; and no issue highlights the disconnect between the UniParty ruling class; and no issue displays how much lobbyist funding indulges the Uniparty membership; as the issue of immigration and open borders.
The multinational interests of Wall Street, business groups, big AG, the U.S. Chamber of Commerce and their K-Street lobbyists pay the UniParty congress tens-of-millions to keep U.S. immigration policy weak and the U.S-Mexico border unsecured.
The only person who is not a beneficiary within this immigration scheme is President Donald Trump.
Today House Speaker Nancy Pelosi is set to kick-off a congressional vote in an attempt to block President Trump’s declaration of a national security emergency.  We can anticipate multiple purchased republican (decepticon) members going along with the Pelosi plan.
To highlight the duplicitous and fraudulent position of these congressional members, it’s worth noting when President Obama used the same executive branch declaration to allow illegal aliens to receive deferred deportation action none of the aforementioned UniParty interests made any similar effort to stop the declaration.
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