Brexit Party leader Nigel Farage calls-in to Fox Business for a discussion of Theresa May’s resignation and the success of the Brexit Party movement in the recent EU election.
British Prime Minister Theresa May has announced she will be resigning from office, effective June 7th, immediately following the state visit by U.S. President Donald Trump.
In an emotional statement in front of 10 Downing Street, the prime minister made her announcement. Bowing to the inevitable, Theresa May announced she will step down as U.K. Conservative Party leader in two weeks, admitting defeat in her attempt to take Britain out of the European Union and sparking a contest to replace her as prime minister.
The British voted yesterday for members to the European Parliament. The official announcement of results will not come out until Sunday because the EU vote window is 5/23 through 5/26 (and heaven-forbid the pesky Brits would influence the continent).
That said, initial media “surveys” and “exit polling” reflect the Brexit Party crushed traditional party-lines and gained around one-third of total vote support.
A Survation poll for the Daily Mail shows Mr Farage’s Brexit Party well ahead in the European elections on 31 per cent, trailed by Labour on 23, the Conservatives on 14 and the Lib Dems on 12 (link)
For a political movement only six weeks old; and a likelihood the surveys and exit polls are sandbagged; the results by Nigel Farage and the Brexit Party are remarkable.
The results are so good it is also likely Prime Minister Theresa May will announce her decision to resign her post; with a request for delayed exit (irony) so she doesn’t suffer the embarrassment of a President Trump state visit simultaneous to her being voted out of office (irony x 2).
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Oh dear, ranking member of the House Intelligence Committee, Devin Nunes, is asking President Trump to question U.K. Prime Minister Theresa May:
In a clear signal toward the trade conflict with the United States, Chinese Chairman Xi Jinping is preparing his nation for a protracted trade conflict. Chinese state-run media have been deploying propaganda to shift public opinion toward the U.S. as a direct threat, and the latest developments by Xi showcase that agenda.
(South China Post) Chinese President Xi Jinping has called for the nation to embark on a new Long March and “start all over again”, in the most dramatic sign to date that Beijing has given up hope of reaching a trade deal with the United States in the near term.
Xi is in Jiangxi province for his first domestic tour since the escalation of the trade war two weeks ago. Jiangxi is where China’s defeated Red Army started its fabled Long March in 1934, and Xi’s choice of destination is being viewed as an effort to invoke a spirit of endurance and to rally public spirit amid rising tensions with Washington.
Devin Nunes outlines his request to intelligence agencies to prove Joseph Mifsud is a Russian intelligence operative. Apparently the current FBI is avoiding a response.
Further evidence there will be no further engagement with China surfaces in an announced specific shift in directive from President Trump today focusing Commerce Secretary Wilbur Ross and USTR Lighthizer on a sector, not a specific nation.
The auto industry is the key sector on two specific trade fronts: the EU trade reset and the ongoing negotiations with Japan. Both trade agreements center heavily on the auto-sector; and both Japan and the EU have cemented intransigent trade positions.
Enter President Trump to cut the Gordian knot.
It’s a small but important note that President Trump had previously assigned geographic trade responsibilities. Wilbur Ross has the EU as his primary focus and Robert Lighthizer has authority over Asia. Today the White House connects the objective of both Ross and Lighthizer as President Trump instructs the U.S. Trade Representative to engage in discussions around the specifics of the auto-sector:
White House – […] Following an extensive review of the Department of Commerce’s Section 232 automobile report, President Trump today issued a proclamation directing the United States Trade Representative to negotiate agreements to address the national security threat, which is causing harm to the American automobile industry. (more)
The President has designated the auto industry as a critical component of national security [More Here]. With Ross’s report in hand, the possibility of increasing tariffs on foreign automobiles is the leverage POTUS gives to Lighthizer along with the mandate to engage.
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Funny how that happens. Less than 24 hours after President Trump declared new tech telecommunication is a national security issue; and one day after Secretary Wilbur Ross bans Huawei (and affiliates) from buying parts and components from U.S. companies without U.S. government approval; all of a sudden the UK is having second thoughts.
…Huh, go figure:
LONDON (Reuters) – China’s Huawei poses such a grave security risk to the United Kingdom that the government must not allow it to have even a limited role in building 5G networks, a former head of Britain’s MI6 foreign spy service said on Thursday.
In what some have compared to the Cold War arms race, the United States is worried that 5G dominance would give any global competitor such as China an advantage Washington is not ready to accept.
The overall strategery here is brilliant. After two years of rope-a-dope…. Trump exits the corner for the championship rounds in the trade fight: First the body blow, China boxed-in with trade confrontation and consequences of retreat from agreement (Mnuchin and Lighthizer);… Then whammo, the roundhouse XO placing telecom under national security review (Navarro and Pillsbury); then upper-cut, Wilburine places Hauwei and affiliates on Commerce Dept. trade blacklist… Lions and Killers and Strategists, oh my.
WASHINGTON/NEW YORK (Reuters) – The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” – a move that bans the telecom giant from buying parts and components from U.S. companies without U.S. government approval.
U.S. officials told Reuters the decision would also make it difficult if not impossible for Huawei, the largest telecommunications equipment producer in the world, to sell some products because of its reliance on U.S. suppliers.
Under the order that will take effect in the coming days, Huawei will need a U.S. government license to buy American technology. Huawei did not immediately comment.
Good discussion between Tom Friedman and Steve Bannon on the ‘big picture’ of the U.S. -vs- China geopolitical trade confrontation. Friedman is an insufferable prog on methods, but he recognizes the President Trump approach is necessary. Worth Watching:
