Office for Trade and Manufacturing Policy’s Peter Navarro discusses the China trade negotiations, the UAW General Motors strike, U.S. tariffs in European goods, and USMCA.
On the U.S-China ‘Phase-1’ construct the key issue is going to be the enforcement mechanism to ensure any agreement has strength. On U.S. placing tariffs on the EU due to the Airbus ruling Navarro reminds everyone the WTO ruling does not permit the EU to place tariffs on U.S. productions. On USMCA everyone avoids telling the truth; that is Nancy Pelosi is waiting to see what happens in the Canadian election in three days. If Trudeau wins re-election, the USMCA will likely be scrapped (tabled) by Pelosi.
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{*Note*We are holding-back on BREXIT-EU deal outlines until we complete reading the majority of the 2,000+ pages of UK-EU legal agreement construct.} (more…)
Today President Trump will be delivering remarks and participating in a ribbon cutting ceremony at a new Louis Vuitton luxury goods manufacturer in Alvarado, Texas. The facility is expected to create 1,000 new jobs. Anticipated start time 5:40pm ET. UPDATE: Video and Transcript ADDED
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[Transcript] – THE PRESIDENT: Thank you very much, everybody. Very, very much appreciated. We’ve had a tremendous day today in the Middle East. We were a little bit unconventional, and we did something that nobody has been able to do for many, many years. They’ve been trying to put things together. So we went the unconventional way, and they had some fighting and they said, “We don’t like this fighting too much. This is a little more difficult than people thought.” (more…)
Oh man, almost too much winning. President Trump Chief-of-Staff Mick Mulvaney brings the cold-fish slapper to a White House presser and pummels the narrative engineers. Cold-Fish Slapping is like whac-a-mole, only instead of a hammer you use a slightly unfrozen fish; and instead of mole-heads popping up, you get reporters stupid questions.
First, Mr. Mulvaney announces the 2020 G7 will be held at Trump Doral Resort in Miami Florida, June 10th – 12th 2020. The pearl-clutching media begin to quiver uncontrollably. Slap. Slap. Slap. More spontaneous ‘splodey heads…. more cold-fish-slapping. Repeat.
Then Mulvaney takes questions on Muh Ukraine and Muh Impeach-We-Much, and it becomes necessary for double-handed cold-fish-slapping. This is really good. WATCH:
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The White House using Trump Doral-Miami for the G7, just because it is the best place to host the G7 is epic Trump. The media go bonkers… Trump shrugs and says: when you’re done with that, fetch me a Diet Coke. LOL.
[Transcript] – MR. MULVANEY: Hey, guys. How are you all?
First thing’s first: I want to comment very briefly on Mr. Cummings’s passing. For those of you who know, I was in Congress for a couple years with Mr. Cummings, and — on the committee with him. I had a chance to work with him on a day in, day out basis. And he will be missed. He was — he was a classy guy, and I enjoyed much working with him. And the condolences from my family and all of the White House group to his family today. He will be — he will be sorely missed.
Earlier today Nancy Pelosi was questioned about why the House was not voting to pass the USMCA trade agreement. Speaker Pelosi immediately fell back upon her talking point: “we are working toward yes.” This is complete hogwash. There are no discussions. Pelosi is doing what Pelosi does best, politicizing anything positive for the U.S. economy in a concerted effort to undermine Trump in 2020.
Here’s what is going on. Nancy Pelosi and her far-left ideologues entered an agreement with their Canadian liberal allies and Justin Trudeau to stall the USMCA passage.
Trudeau’s government ideologues agreed not to call the USMCA up for a vote in the Canadian parliament.
Speaker Pelosi is waiting to see if Trudeau can win re-election. If Canada re-elects Trudeau on October 21st, Pelosi will announce the labor provisions are not strong enough within the USMCA deal; discussions with the Trump administration are not resolving the issues; the U.S. workers are not protected enough, and she is tabling any vote.
Speaker Pelosi will then wait until after the 2020 election. The purpose is political. (more…)
President Trump prefers to use targeted economic weapons instead of the U.S. military forces against foreign adversaries. This is especially true if foreign actions are taking place amid the complex circle of geopolitical interests, against the interests of allies.
Today the White House has released a letter sent by President Trump to President Erdogan of Turkey dated October 9th. The letter was sent two days after President Trump made the decision to pull 28 members of the U.S. military out of harms way; two days before President Trump outlined the sanctions against Turkey; and five days before President Trump initiated those sanctions through Treasury Secretary Steven Mnuchin. The warning is clear. President Trump is clear-eyed about the motives and intentions of the Turkish president, and Ergodan’s ideological alignment with political Islam, via The Muslim Brotherhood.
One of the reasons this strategy is better than any military action is simply because Turkey is a unique NATO ally, and the NATO alliance within Europe is insufferably incapable and unwilling to take action to defend their interests. (more…)
Following their bilateral meeting, U.S. President Trump and Italian President Mattarella held a joint press conference. President Trump disassembled the U.S. media preferred narrative on Syria. [Video and Transcript Below]
Pay close attention to the remarks about trade and the WTO, big stuff is about to happen as the Brexit plans of Trump/Johnson kick in soon. Canadian election Oct 21st. Watch the international trade moves over the next 45 days. Things will shake out quickly. Bigly.
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[Transcript] – PRESIDENT TRUMP: Thank you very much. Today, it is my honor to welcome President Sergio Mattarella of Italy to the White House. We’ve known each other for a while. We’ve dealt with each other for a while. And we’ve had some really great conversations. We’ve had a very productive discussion throughout the day with our staffs and representatives. And I look forward to hosting the President and his daughter, Laura, at a reception for Italian-Americans this evening. I look forward to that very much. (more…)
Earlier today President Trump met with Italian President Matarella and held a press availability in the oval office prior to bilateral discussions. [Video and Transcript below]
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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s a great honor to have the President of Italy with us. He is a man of great distinction. He’s highly respected in this country. And it’s nice to have you at the White House. Thank you very much, Mr. President.
We’ve had a great relationship with Italy for a long time. I don’t think it’s ever been closer than it is now. We have won a $7.5 billion award from, as you know — I guess it’s been pretty big news. And I know that this is against the European Union and World Trade — good ole World Trade. For a long time, they’ve been taking advantage of the United States. And I know Turkey is going to talk to us about their share of it because they feel they shouldn’t have to pay so much.
Commerce Secretary delivered a speech to the Federalist Society today as he explained U.S. trade policy under President Trump and the long-term goals and objectives.
Eight years ago Zurich Mike penned an analogy of the ‘Islamist Spring’ that still rings true today, when he said: President Obama helped kill the zookeepers and unleashed the big cats…. The Turkish movement into Syria is all part of this continuum.
When President Obama ignited the “Islamist Spring” with his speech in Cairo Egypt, what he really articulated was a shift in U.S. foreign policy to support The Muslim Brotherhood.
Political Islam, writ large, is represented by The Brotherhood. Turkish President Recep Erdogan sees himself as the modern leader of political Islam using the Brotherhood to recreate the Ottoman Empire.
Ben Ali (Tunis), Hosni Mubarak (Egypt) and Khadaffi (Libya), were the first zookeepers removed. Obama’s U.S. foreign policy supported Muslim Brotherhood replacements like Mohamed Morsi in Egypt. However, Obama failed in the effort to remove Bashir Assad in Syria; as a result all extremist factions of the Brotherhood gathered to form ISIS.
Factions like al-Qaeda, al-Nusra and ISIS all fall under the umbrella of The Muslim Brotherhood. The exiled Brotherhood leaders initially fled Egypt to Qatar until they were further driven-out by the Gulf Cooperation Council and ultimately given safe-harbor in Turkey, by Recep Erdogan. (more…)
Hat Tip OverTheMoonbat for making sure we didn’t miss this segment from last week. This video also explains why Larry Kudlow, Secretary Mnuchin, Secretary Ross and Peter Navarro have tended to spend more time discussing economic policy with CNBC analysts than Fox Business. However, before watching, it is worth revisiting the background.
For three years CTH has explained the challenge in dealing with, or renegotiating with, the Beijing, China ideology. Encapsulated thus in 2018:
[…] China has no cultural or political space between peace and war; they are a historic nation based on two points of polarity. They see peace and war as coexisting with each other.
China accepts and believes opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world, and they may give rise to each other as they interrelate to one another. Flowing between these polar states is a natural dynamic to be used -with serious contemplation- in advancing objectives as needed.
Peace or war. Win or lose. Yin and Yang. Culturally there is no middle position in dealings with China; they are not constitutionally capable of understanding or valuing the western philosophy of mutual benefit where concession of terms gains a larger outcome. If it does not benefit China, it is not done. The outlook is simply, a polarity of peace or war. In politics or economics the same perspective is true. It is a zero-sum outlook.
If it does not benefit China, it is not done !
