Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow discuss the ongoing trade and economic discussions amid the G7 summit in France. The G7 was originally formed to address economic issues amid the top industrial economies. President Trump has been trying to return to that focus.
Secretary Mnuchin did a good job knocking back the narrative gnats.
An interesting line-up of scheduled meetings (bilats) for U.S. President Donald Trump as the first official full day of the G7 Summit agenda takes place.
French President Macron has scheduled summit priorities around gender studies, global inequities, climate issues and planetary justice. However, the majority of international media focus will likely be on President Trump and Boris Johnson’s economic discussions.
♦ 2:15am EST / 8:15am CEST – THE PRESIDENT participates in a working breakfast with Prime Minister Boris Johnson of the United Kingdom of Great Britain and Northern Ireland, Biarritz, France
♦ 3:20am EST / 9:20am CEST – THE PRESIDENT departs Hotel du Palais en route to Centre de Congrès Bellevue, Biarritz, France
♦ 3:25am EST / 9:25am CEST – THE PRESIDENT arrives at Centre de Congrès Bellevue, Biarritz, France, the primary venue for the G7 Summit. (more…)
The stakes are high at this G7 Summit in Biarritz France. Against the rising tide of populist nationalism -pushing against the globalist/corporatist world order- perhaps these stakes are the highest in the modern political era.
(Where are the spouses?)
Italian President Giuseppe Conte’ is a lame duck summit participant having just quit his job due to economic and immigration backlash from his Italian population. German Chancellor Angela Merkel has steered her export dependent economy into a recession; and has announced she won’t seek reelection while simultaneously putting the EU central bank into a 28 nation economic quagmire filled with unsustainable IOU’s….
French President Emmanuel Macron, the host for this year’s summit, has spent the better part of the last year trying to violently block the rising yellow vest populist movement, and he is desperate for any distraction away from his own economic reality.
Meanwhile EU President Donald Tusk is locked in an economic death match with British Prime Minister Boris Johnson over the terms of the U.K. Brexit from the union; while simultaneously dealing with a lack of tax receipts from the aforementioned banks of Germany and France…
The EU’s only North American ideological ally, Justin from Canada, is essentially useless. Trudeau has used his political self-identification to hurt his own citizens economically; Canada is experiencing a continued loss in private-sector employment amid the malaise Justin coordinates; and his tenuous (at best) re-election is scheduled for October 21st… (more…)
President Trump and First Lady Melania arrive at the G7 Summit dinner in Biarritz France. The dinner event is being held at Phare de Biarritz, a mid-19th century light house with panoramic views of the French coast.
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First Lady Melania Trump is wearing a Pleated Technical Jersey Dress by Gucci tonight, paired with silver Louboutins, to attend the dinner. (more…)
Against the backdrop of British Prime Minister Boris Johnson arriving for the G7 summit in Biarritz, France, EU President Donald Tusk holds a press conference to announce the EU will work to block Britains’ exit from the collective, and will not accept terms.
The hubris and arrogance within this declaration, in advance of Johnson’s arrival, is exhibit ‘A’ for exactly the reason British citizens want out of this nonsense. Watch:
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The likelihood of Boris Johnson and Donald Trump forming an alliance against this insufferable EU collective is beginning to show in the relationships. (more…)
After President Donald Trump and First Lady Melania arrived at Hotel du Palais in Biarritz, France, the insufferable French President Emmanuel Macron attempts one of his more dubious -albeit predictable now- power schemes (games). Macron is in trouble domestically and needs the world to see him pontificate for domestic political value.
Weasel Macron traveled to Hotel du Palais to ambush President Trump upon arrival with a request for an unscheduled meeting. The French prig requested a garden lunch, with pre-positioned media, so he could pontificate to the world his high-brow positions on gender-justice, the values of a global world order, and the importance of climate change.
Graciously, albeit with visible eye-roll, President Trump took the unscheduled meeting and allowed Macron the photo-op to pontificate his agenda for domestic political consumption. The entire event makes ¹Macron look even smaller. WATCH:
[¹If you’ve got to tell the world how important you are, you ain’t.]
[Transcript] PRESIDENT MACRON: In a few words, in order to (inaudible) — Mr. President, first of all, I do welcome Mr. President and his wife, and we are very proud and happy to have you here in Biarritz, in this place, for the G7 and once again very happy to (inaudible). You are a very special guest for us, and now, at this occasion, (inaudible) are very important. (more…)
President Donald Trump and First Lady Melania Trump arrive in Biarritz, France for the 2019 G7 Summit. U.S. President Trump will be meeting with Boris Johnson (U.S.), Emmanuel Macron (France), Angela Merkel (Germany), Shinzo Abe (Japan), Justin Trudeau (Canada), and Guiseppe Conte (Italy).
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President Trump and the six other leaders of the Group of Seven nations will begin meeting Saturday for three days in the southwestern French resort town of Biarritz. (more…)
President Donald Trump and First Lady Melania Trump travel overnight Friday from the U.S. to France to attend the G7 summit in Biarritz. The first couple will be touching down at 6:00am EST / 12pm Local. Biarritz, France is 6 hours ahead of U.S. Eastern Timezone. *Update* New Arrival Pictures added
The U.K, Canada, Italy, Japan, France, Germany and the United States make up the “Group of Seven” or G7 nations. However, two leaders from the EU also attend (EU Council President and EU Commission President) the summit.
6:00am EST / 12:00pm Local – (Saturday) THE PRESIDENT and THE FIRST LADY arrive at Arrive Bordeaux–Mérignac Airport, Bordeaux, France
6:10am EST / 12:10pm Local – THE PRESIDENT and THE FIRST LADY depart Air Force One en route to Air Force One (C-32 smaller plane), Bordeaux, France
6:15am EST / 12:15pm Local – THE PRESIDENT and THE FIRST LADY arrive at Air Force One (C-32), Bordeaux, France (more…)
For all intents and purposes Germany is the EU, because German economic policy dictates the outcomes of all EU economic policy. So as the EU promises to engage in more central bank monetary printing (quantitative easing) simultaneously Germany promises to keep negative interest rates floating as long as possible. [EU Parliament pictured below]
Yes, the EU is in serious structural economic trouble; and that is likely the real reason why quivering Chancellor Angela Merkel has decided to exit the political stage before the larger communal catches on.
Within the remarks by German Finance Minister Scholz it is the lamentation about the lack of investment into their grand collective economic scheme where you find the economic dissonance, and ultimately the hilarious punch lines:
BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Saturday that he expected interest rates to remain very low for “the next few years”, adding that companies should seize the opportunity of near-zero borrowing costs to boost private sector investment.
The European Central Bank has already signaled even more monetary stimulus for the euro zone economy, hoping to arrest a downward spiral that could lead to an economic recession.
Early on Tuesday United States Trade Representative Robert Lighthizer announced the modification of “next step” tariffs on Chinese products. [See Here] “Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.”
President Trump responded to the delay/modification when questioned in New Jersey. President Trump noted a “very productive” phone call between Lighthizer and Vice-Premier Liu He of China:
[Transcript Segment] – […] Q Why did you make the decision on the tariffs, to delay the implementation of the tariffs?
THE PRESIDENT: Only to help, I think, a lot of different groups of people. And we had a very good talk yesterday with China — a very, very productive call. I think they want to do something. I think they’d like to do something dramatic. I was not sure whether or not they wanted to wait until a Democrat has a chance to get in. Hopefully that’s not going to happen because the economy would go to hell in a handbasket very fast.
