USTR Robert Lighthizer made a rare appearance in the media to discuss the “big picture”, and some specifics, around the U.S-China phase-one agreement.
Ambassador Lighthizer notes the principle challenge is generating an enforceable set of standards -within a written agreement- between a totally controlled communist economic system (China) and a free-market system (USA).  No other nation has ever tried, and there is no preexisting trade agreement to facilitate a mapping.  What Lighthizer is constructing will be what all nations will start to use going forward.  This is historic stuff.
Arguably, next to President Trump, USTR Lighthizer is one of the most consequential members of the administration. What he is constructing, with the guidance of President Trump, is going to influence generations of Americans.

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[Transcript] MARGARET BRENNAN: This week, the U.S. and China agreed on the first phase of a trade deal that would roll back some American tariffs. It’s expected to be signed in early January. We’re joined now by the U.S. Trade Representative, Robert Lighthizer, the top negotiator in those talks with Chinese officials. Good to have you here.
U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER: Thank you for having me, MARGARET.
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Interesting:  Tuesday budget vote. Wednesday Impeachment vote. Thursday USMCA vote.
National Economic Council Chairman Larry Kudlow appears with Maria Bartiromo to discuss the ratification of the USMCA and the U.S-China “phase one” trade deal.

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USTR Lighthizer appeared on CBS to discuss the China agreement, he goes into more detail. That conversation is coming next.
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Last night President Trump congratulated Prime Minister Boris Johnson on his great win in the U.K. election, noting the possibilities for a big trade boost are “massive”:

Not accidentally, the geopolitical economic and trade planets have aligned splendidly.   The cornerstone USMCA agreement has bipartisan support and will ratify quickly in congress.  A “phase one” trade agreement with China is likely, and prior plans for a strategic trade deal with the U.K. have increased as a result of the U.K. election.
First rule in geopolitics, it’s always about the economics.  Second rule in geopolitics: refer to rule #1.    Understanding this basic truism is the key to understand how President Trump is able to be so effective.  There are trillions at stake, and many interests.

“Economic security is national security.” ~President Trump

All politics circles back to the underlying economics; whether it is an individual financial self-interest for a specific politician, or whether it is a larger financial interest for a group or even a nation.  Everything is always about the money; and that essential truth is why Donald Trump is so uniquely qualified, influential and stunningly effective.
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U.S. Trade Ambassador Robert Lighthizer traveled to Mexico to put the finishing touches on the revised USMCA agreement.  Ambassador Lighthizer delivered remarks at the signing ceremony hosted by Mexican President Andres Manuel Lopez-Obrador.
U.S. Trade Representative Robert Lighthizer stressed the United States has a stake in Mexico’s success as representatives from the United States, Mexico and Canada gathered in Mexico City to sign modifications to the USMCA, a historic trade agreement.

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Chopper pressers are the best pressers; but twilight chopper pressers in the rain are even better.  President Trump delivers remarks to the press poll as he departs the White House for a rally in Pennsylvania. [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Okay. It’s pretty wet out here. We’re going to Hershey, Pennsylvania, tonight. We have a big rally — a lot of people, tremendous lines, great enthusiasm. There’s never been this enthusiasm, in my opinion, for the Republican Party. The Republicans have stuck together through the witch hunt. It’s a terrible thing, but even the Democrats — they couldn’t find very much because they put up two articles that, frankly, are very weak. And they’re very weak.
Also, they approved, today, of all days — we’ve been waiting a year — and they approved today the USMCA. And I call that the “silver lining” to impeachment. Because without the impeachment, they would have never approved it, in my opinion. The impeachment is the reason they approved it.
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It’s funny to watch this transparently predictable stuff play out in real time.
After Pelosi gives the nod for USMCA ratification in the House, Senate Leader Mitch McConnell declares he will not allow Senate support until he extracts his impeachment indulgency fees.

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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Following a visit to Mexico by U.S. Attorney General Bill Barr, earlier today President Trump announced he was putting a “temporary hold” on the designation of Mexican drug cartels as terrorist organizations.

It looks like President Donald Trump has once again created a significant amount of leverage for Mexican President Lopez-Obrador to continue working with the Trump administration on a variety of security (border and immigration) and economic (USMCA) aspects.
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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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