A “landslide”, a complete “wipe-out”, a “massive victory” appears looming for Boris Johnson and the conservative party in the U.K. if exit polls are accurate.

These blowout results guarantee a faster Brexit from the European Union and the leftist labor party in the U.K. has been crushed.  Conservatives look to have picked up 50 seats and Labor has lost 71 seats; the Scottish National Party (SNP) has picked up 20.
The “Remainers” in the U.K. have been decimated, and the voters who want to “Leave” the EU have fueled a massive victory for Boris Johnson.  Liberal heads are blown-out, bigly.

(Via Daily Mail) Boris Johnson hailed his new blue-collar Tory army tonight as it emerged he is on track to secure a staggering landslide in the election battle – with Labour’s ‘red wall’ of Brexit-backing strongholds imploding.

A dramatic exit poll shows voters handing the Tories a massive 368 seats, with Labour languishing on 191 – down 71 on 2017 and the worst performance in modern history.

The bombshell numbers would give a huge Commons majority of 86, the biggest since Margaret Thatcher’s triumph in 1987, and are equivalent to a 10-point lead in the popular vote. (more)

This result also has massive ramifications for a U.S-U.K trade deal; and subsequently major leverage for the U.S. (independently) and a U.S. – U.K. alliance in future trade negotiations against the European Union.
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Amid breaking developments on multiple trade fronts which will likely see USMCA passage; and the potential for enhanced China tariffs on December 15th; Commerce Secretary Wilbur Ross appears with Maria Bartiromo to discuss the big picture.
Secretary Ross highlights the manipulation of USMCA ratification and timing by Pelosi to obfuscate the highly partisan political impeachment effort.  Mid-2019 CTH noted this strategic plan was visible and probable.
Ross also discusses the specifics of China, the EU and Brexit as it relates to the global trade reset being carried out in a methodical manner by the Trump administration.  The USMCA will be the first cornerstone domino in a chain of trade events that will fundamentally restructure the nature of all international trade and supply chains.  Great Interview:

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As we have discussed on these pages, the dynamic is severely consequential and the Wall Street multinationals are reacting to the daily details while Main Street gains strength. President Trump is dismantling global supply chains; focusing on bringing high-wage manufacturing industry back to the U.S; and driving a process of profound consequence through economic nationalism.
Titan Trump is winning the economic battle by: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshal plan of global trade and one-way tariffs (de-globalization).
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Elections have consequences.  On the same day the U.S. economy reports astoundingly successful jobs growth of 266,000 jobs and a drop in the unemployment rate to 3.5 percent; the Canadian state economic minister reports surprisingly terrible jobs losses of 72,200 jobs and a jump in unemployment from 5.5 to 5.9 percent.
The Canadian economy is roughly one-tenth the size of the U.S. So in equivalent terms the results from Canada reflect a comparative loss of 720,000 jobs on the same day the U.S. revises all figures upward to over 300,000 gains.  A stunning economic contrast:

OTTAWA (Reuters) – The Canadian job market lost a surprise 71,200 net positions in November while the unemployment rate rose to 5.9%, the highest in more than a year, data showed on Friday, as analysts said a repeat of the weak numbers could force the Bank of Canada to rethink its monetary policy.
Analysts in a Reuters poll had forecast a gain of 10,000 jobs and had predicted the unemployment rate would hold steady at 5.5%. […] November’s numbers followed a weak report in October, when the labor market unexpectedly shed jobs despite a likely boost from hiring related to the federal election.

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National Economic Council Director Larry Kudlow appears on Fox Business news to discuss the November jobs report, economic growth and the China trade discussions.
Kudlow highlights the primary point that President Trump has reestablished Main Street USA as the primary focus of policy.  U.S. companies invested in the U.S. economy are doing exceptionally well and receiving the majority benefit.  U.S. multinational companies who are invested overseas are not benefiting as much.  Wall St -vs- Main Street.

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Director Kudlow is correct, if the House can ratify the USMCA trade deal, North America will see a massive influx of investment.
In essence Titan Trump is winning the economic battle by: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshal plan of global trade and one-way tariffs (de-globalization).
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Earlier today President Trump hosted a luncheon at the NATO summit for nine nations’ who are living up to their pledges of two-percent of GDP financial support for the NATO military alliance: United States, Bulgaria, Greece, United Kingdom, Estonia, Romania, Lithuania, Latvia and Poland. [Video and Transcript Below]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. These are eight countries, plus us — plus the United States — that are fully paid. They met the goal of 2 percent. We call them the “2 percenters.” Someday, we’ll raise it to 3 percent and 4 percent, maybe. But, right now, we have it.
But these are countries that have not been delinquent. They’ve been, in some cases, even more than 2 percent, because they feel so strongly about what we’re doing. And that’s really a sign of respect for the United States.
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President Trump held a bilateral meeting with German Chancellor Angela Merkel on the sidelines of the 2019 NATO Summit in the U.K.  Against the backdrop of President Trump favoring increased tariffs against the EU to initiate a new trade deal based on reciprocity; and against the intransigence of Chancellor Merkel refusing to live up to the NATO Wales Accord and pay two percent of GDP for defense; there is some diplomatic tension.
We can sense a more determined tone from President Trumy as both he and Chancellor Merkel took questions from media. [Video and Transcript Below]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. We had a very successful NATO meeting. I think it was one of the most successful. We’re just discussing that the best, certainly, that I’ve been — I’ve been to three of them now, and this was really something very special. There’s great spirit. A lot of people are putting up a lot of money. We have $130 billion more. And within three years, we’ll have $400 billion more put up by other countries. So that’s really something. And it was a great meeting.
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President Donald Trump and First Lady Melania Trump attend day two of the 70th Anniversary NATO Summit in London, England. The U.K. is five hours ahead of U.S. Eastern Time.
Day two includes: a general session for all members of the NATO alliance; a luncheon by President Trump to thank those NATO members fulfilling their two-percent pledge to their own security; bilat meetings with Angela Merkel, Mette Frederiksen and Giuseppe Conte; a press conference, and then departure.

♦3:25am ET / 8:25am Local – THE PRESIDENT departs Winfield House Landing Zone en route to the Grove Landing Zone, London, UK
♦3:40am ET / 8:40am Local – THE PRESIDENT arrives at the Grove Landing Zone, London, UK
♦3:50am ET / 8:50am Local – THE PRESIDENT departs the Grove Landing Zone en route to The Grove, London, UK
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Commerce Secretary Wilbur Ross appeared on CNBC earlier today to discuss the status of U.S-China trade discussions, the latest issues with tariffs on French goods, and the bigger picture issues within the EU that we previously discussed.
Ross highlights the additional tariffs on China scheduled for December 15th are currently still planned to take effect unless something substantial changes in the position of China.  Additionally, and interestingly on the French and EU tariffs, Secretary Ross reminds the financial pundits of the $7.5 billion WTO authorized award against the EU that would be in addition to the $2.4 billion in tariffs now scheduled for French products.

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Pay attention to what Ross says in that interview; the administration is being remarkably open and consistent.  Given the adversarial position exhibited by French President Emmanuel Macron today; and against the backdrop of continual EU intransigence on trade reciprocity; I suspect once the USMCA is passed we are going to see a *severe* shift in tone within the U.S. trade position toward both China and the EU.
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The primary hypocrite behind the self-serving European NATO position is French President Emmanuel Macron.  With the background of massive new U.S. tariffs expected against French products President Macron comes for a bilateral meeting and press availability with U.S. President Donald Trump.  [Video and Transcript Below]

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[Transcript] –  PRESIDENT TRUMP: Well, thank you very much. It’s great to be with President Macron of France. And we’ve had a fairly long relationship and a very good one. And we were just discussing certain things, and then we’re going to have a long conversation afterwards.

I want to, first of all, before we begin, I want to pay my respects to the great warriors that you lost in Mali — 13, and helicopters. It was very sad. I’ve gotten a report on it. We talked about it. And please give my condolences to the families and to France. And they’re great fighters. You’ve done a fantastic job in that whole area. It’s a tough area. So we appreciate it very much.

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President Donald Trump and First Lady Melania Trump attend the 70th Anniversary NATO Summit in London, England. The U.K. is five hours ahead of U.S. Eastern Time. The President and First Lady are staying with Ambassador Woody Johnson at the Winfield House, the official Ambassadors residence.
The Day One schedule includes breakfast with NATO Secretary Jens Stoltenberg, two bilats with Emmanuel Macron (one private), a bilat with Justin Trudeau, and two diplomatic receptions: Buckingham Palace and No. 10 Downing Street.

♦4:10am ET / 9:10am Local – THE PRESIDENT participates in a 1:1 meeting with the Secretary-General of the North Atlantic Treaty Organization, Jens Stoltenberg, London, United Kingdom
♦4:30am ET / 9:30am Local – THE PRESIDENT participates in a working breakfast with the Secretary-General of the North Atlantic Treaty Organization, Jens Stoltenberg, London, United Kingdom
♦6:00am ET / 11:00am Local – THE PRESIDENT departs Winfield House en route to the InterContinental London Park Lane, London, United Kingdom
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