National Trade Council Director Peter Navarro appeared on CNBC, prior to today’s massive U.S. stock market increase, to discuss ongoing trade initiatives.
U.S.T.R. Robert Lighthizer is currently conducting simultaneous bilateral trade negotiations with South Korea, Philippines, Vietnam, Australia, China (way-points), Japan, Mexico/Canada (NAFTA) and the European Union.
Trade talks going on with numerous countries that, for many years, have not treated the United States fairly. In the end, all will be happy!
The passage of the defense spending portion of the Omnibus bill ultimately means there will be increased demand for U.S. steel and aluminum within new defense equipment. The contracts within the procurement process will predictably require the use of U.S. parts.
Add the increase in defense spending with the pending global tariffs on steel imports, and the environment is created for foreign investment in domestic steel and metal manufacturing…. Then add into the mix the geopolitical economic relationship developed between India’s Prime Minister Modi and President Trump… And you discover the backdrop for this announcement from India owned JSW Steel:
(Reuters) – India’s JSW Steel Ltd said on Monday it would spend $500 million to build out its U.S. operations in Texas, amid heightened global trade tensions following U.S President Donald Trump’s decision to pursue steep import tariffs.
The company has signed an agreement with the Texas governor’s office, under which the governor has approved a grant worth $3.4 million to the company’s unit, the steelmaker said in a statement here.
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.
Against the backdrop of ‘Phase 2’ trade policy initiatives based on reciprocity, U.S. Commerce Secretary Wilbur Ross talks to CNBC about tariffs, carve-outs and protecting national security ahead of his meeting with the European commissioner for trade.
The hypocritical European Union has expansive protectionist tariffs against U.S. products and has threatened retaliation if the U.S. enforces the Trump administration about trade reciprocity.
Additionally, the Trump administration (Ross, Lighthizer, Navarro and Mnuchin) are focusing on China’s trade theft of intellectual property. According to Reuters reporting there is a possibility of $60 billion in trade tariffs being enforced against China for their IP violations and practices.
U.S. Chamber of Commerce President Tom Donohue is warning President Trump not to take any trade action against China or he will unleash his purchased control agents within congress and financial media to destroy his presidency.
Donohue takes-in hundreds of millions in payments from multinational corporations who hold a vested interest in keeping the U.S. manufacturing economy subservient to China. The U.S. CoC then turns those corporate funds into lobbyist payments to DC politicians for legislative action that benefits their Chinese trade deals. The U.S. Chamber of Commerce is the #1 lobbyist in DC; there are trillions at stake.
Wall Street’s famous CONservative mouthpieces then take their cues from Donohue and decry any Trump trade policy that might impact their multinational benefactors. They hide behind catch phrases like “free trade”, or “free markets”. However, what they are really hiding is the truth, there is no free market – it is a controlled market. It’s a circle of trade and economic propaganda driven by the most well known guests that appear on Fox News. Ben Shapirois one such example; there are hundreds more.
WASHINGTON (Reuters) – The head of the most influential U.S. business lobbying group warned the Trump administration that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and U.S. economic growth.
A 17-year-old Jihadist in Palm Beach Florida stabbed three people, killing one, over the weekend – BACKSTORY HERE.
Corey Johnson admitted to police he was inspired by ISIS and carrying out the attacks on behalf of Islam. Yesterday local, state and FBI officials also admitted that he was “on their radar“, uh huh.
Well, you’re likely not going to believe how extensive their radar contact and monitoring was.
As an example: they were mirroring his social media in real time; they knew he had contacts with ISIS; they knew he was behind international threats; the FBI was ‘actively‘ monitoring him; and all the officials met several times to discuss the likelihood his unstable behavior might lead to much worse. But they didn’t want to take action, because he was a minor, and preferred “redirection” or diversionary programs to change his behavior.
FLORIDA – […] In January 2017, several local law-enforcement agencies and the FBI came together with the staff at William T. Dwyer High School in Palm Beach Gardens, where he was a student at the time. The Palm Beach County Sheriff’s Office received information that Johnson supported the terrorist organization ISIS and had reached out to the group online, expressing his desire to join them.
An accurate headline could also be: President Trump puts a beautiful potted plant into the unused meeting room of the National Economic Council, and Wall Street cheers.
According to media and White House confirmation President Trump has selected Larry Kudlow to chair the National Economic Council:
[…] “Larry Kudlow was offered, and accepted, the position of assistant to the President for Economic Policy and Director of the National Economic Council,” Sanders said. “We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role.” (link)
Kudlow is essentially adored by Wall Street (writ large), and as such all the nervous nellies will be back-slapping and high-fiving. As the stock market crowd cheers, what the insufferable dolts miss, thankfully miss and don’t appreciate, is the strategy of a master economic predator, Donald Trump. This Trumpian move is brilliant.
First, President Trump is immovable on his trade and economic agenda. Period; end of story. Ask Gary Cohn or any other member of the disassembled manufacturing council advisory board who quit last year because POTUS Trump just wouldn’t heed their duplicitous and high-minded advice. Do you remember candidate Trump mentioning the endless talking to nowhere that he has not time for? Yeah, that.
Secretary of State Rex Tillerson did an excellent job representing the professional and deliberate diplomatic approach of the U.S. and President Trump administration. His personal view toward foreign service on behalf of the U.S. was exemplary, and deserves high praise.
Having said that, as President Trump stated earlier today, there was also more than a tinge of disunity between the advocated views of Tillerson and the views of the Commander in Chief toward economic national security. At times the fractures between policy perspectives were visible. Over time those differences became more obvious.
As Secretary of the DoS Rex Tillerson supported the Paris Climate Treaty; the President did not; Secretary Tillerson supported the Obama administration’s Iran deal; the President did not; Tillerson was more apologetic toward lax immigration policy; the President is not; and there were other visible departures visible surrounding the use of economic leverage to achieve national security advancements, specifically on the issue of China and North Korea policy.
U.S. Department of Commerce Secretary Wilbur Ross discusses the recently imposed steel and aluminum tariffs and America’s future trade relationships with all nations including the very protectionist European Union.
“Economic security is national security” ~ Secretary Wilbur Ross
Reminder: Regarding ‘European Union (EU) retaliation’, forget it; they won’t.
The protectionist EU hypocrites simply cannot afford to go toe-to-toe with the U.S. on trade. The UK is in the process of formalizing their Brexit terms; the EU (essentially ‘Germany’) needs to find a way to make up for the lost revenue (billions in taxes) from the UK economy. Currently the UK pays Brussels approximately a billion per month on a $2.5 trillion economy; that will stop.
Just a short post to reflect upon. We have consistently stated the #1 reason for opposition to President Trump is financial (ie. economic); “There are Trillions at stake“.
Everyone admits the past 40+ years of U.S. trade deals have resulted in the massive export of U.S. wealth via jobs and manufacturing gains within other nations. The financial beneficiaries of those prior trade positions were: Wall Street, multinational corporations and multinational banks. The losers of prior trade priorities was the U.S. middle-class.
So ask yourself, friends and family this very important question:
If prior U.S. trade policies resulted in the export and redistribution of U.S. wealth… What happens when you reverse the process?
In the answer to that question we discover the opposition to U.S. President Trump.
