Maria Bartiromo has an exclusive interview with Vice President Mike Pence to discuss the state of the economy and the ongoing administration policies therein. VP Pence discusses the ongoing trade negotiations and the possibility of an agreement in principle between the U.S. and Mexico; a specific assignment for U.S.T.R. Robert Lighthizer.
Last week President Trump went to Granite City, Illinois, to celebrate the re-opening of a U.S. Steelworks manufacturing facility.
If you ever had any question about how important President Trump’s Main Street economic and manufacturing policies are to U.S. workers, well, just watch this interview with a formerly laid-off Granite City steelworker. [Dusty Keyboard Alert]:
That’s the heartbeat of America right there!
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Earlier today President Trump, Vice-President Pence and NEC Chairman Larry Kudlow delivered remarks on the economy from the South Lawn of the White House:
President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time even before the election victory in November ’16.
If you get too far into the weeds the larger picture can be lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.
Today we repost an earlier dive into how MAGAnomic policy interacts with multinational Wall Street, the stock market, the U.S. financial system and perhaps your personal financial value. Again, reference and source material is included at the end of the outline.
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President Trump hosts a cabinet meeting after returning from the NATO summit, U.K. visit and Helsinki meeting with Russian President Vladimir Putin. The overall emphasis was on the U.S. economy, employment, job-training and the larger goal of leveraging economic strength to advance American interests.
The administration kept the cameras rolling as key cabinet members and White House officials discussed ongoing initiatives with a heavy emphasis on workforce development. If you want an idea of the massive scale and scope of Trump’s MAGAnomic initiatives for American workers, watch this video in its entirety.
White House Office of Trade and Manufacturing Policy Director Peter Navarro appeared on Fox Business last night to outline the U.S. position in the ongoing trade reset against communist China. Almost all of the financial media and economic punditry are intentionally obfuscating the underlying nature of China’s economic model.
China is a communist central government controlled economic system. Free-market principles do not apply when dealing with China; therefore trade strategies based on ‘free markets’ cannot succeed against the centralized planning of a communist regime.
In a letter to the president EPA Administrator Scott Pruitt has resigned from his position. President Trump has accepted his resignation and notes that Deputy Administrator Andrew Wheeler will assume the acting administrator position Monday. (letter below)
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Today U.S. Chamber of Commerce President Tom Donohue announced another campaign to protect and defend his Wall Street contributors against initiatives that benefit Main Street U.S.A. This is not the first time, and unfortunately it will likely not be the last time.
For a great historic reference consider THIS ARTICLE from 2014; when the U.S. Chamber of Commerce announced their direct attack against the Tea Party backed candidates that threatened to remove the massive lobbying power of Tom Donohue’s corrupt officials. That 2014 reference point has two parts. I strongly urge anyone who would defend the U.S. CoC approach to read both.
The overwhelming majority of economic punditry and opinion come from salespeople on the purchased payroll, direct and indirect, of the chamber. It is one of the most, check that, it is the most corrupt and abusive enterprise in the history of our nation. They are pulling out a very familiar playbook.
(Reuters) – The U.S. Chamber of Commerce on Monday denounced President Donald Trump’s handling of a global trade dispute, issuing a report that argued the tariffs imposed by Washington and retaliation by its partners would boomerang badly on the American economy.
Within the German economy the auto-sector holds the largest political influence. Because of this dynamic all German politicians kneel at the knee of the big industrial auto manufacturers. It has been said that losing support from within the auto-sector is much worse on a German politician than losing support from party or parliament.
Because of this dynamic; and specifically because the German auto-sector is dependent on the United States as their biggest customer, President Trump holds leverage over German Chancellor Angela Merkel. This makes Fraulein Merkel unhappy.
President Trump wants three EU issues resolved: 1) Germany to contribute the minimum 2% of GDP for their own NATO defense. 2) Germany/EU to support enhanced sanctions against Iran; and 3) President Trump wants all German/EU protectionist trade barriers and tariffs lowered or eliminated – and new trade deals negotiated.
To gain momentum on these initiatives, President Trump is using the economics of trade as leverage. Trump has suggested a 20% tariff on all EU automobiles shipped into the U.S. [The same standard now likely proposed toward Canada] The German auto-sector, and as a consequence the German economy, simply cannot survive without low cost access to the U.S. market, their biggest customer.
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With new spark plugs, Kuddles was thrilled to discuss the latest economic key performance indicators. National Economic Council Chairman Larry Kudlow talks about the health and growth of the U.S. economy with Maria Bartiromo.