For those who are economic and trade policy junkies, President Trump’s key pick for U.S. Trade Representative, Robert Lighthizer, testified today at his Senate Confirmation Hearing.  To skip the legislative posturing {gag} forward the video to 33:00:

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Mr. Lighthizer, 69, worked for decades as a trade lawyer, representing clients including U.S. Steel Corp.  Historically, he has been critical of U.S. officials who supported China’s entry into the World Trade Organization in 2001, and argued the move worsened America’s trade deficit and hollowed out our manufacturing sector.
Two decades of actual, and quantifiable, results later shows Lighthizer was absolutely 100% correct in his criticisms and predictions.  Ultimately this is why the Globalists within the Democrat machine want to keep Lighthizer out of office.  Mr. Lighthizer will forget more about trade deals than the next closest person could ever know. (more…)

Earlier today President Trump met with his cabinet members and outlined the administrations’ expectation they immediately conduct a wholesale review of each department in order to lower costs, shrink the size of their departments and utilize their leadership and executive skills to remove cost redundancy with extreme urgency.

To accomplish this goal, President Trump signed an Executive Order initiating an immediate reorganization of the executive branch –SEE HERE–   Including the elimination of “unnecessary agencies” as identified in the review.

Section 1.  Purpose.  This order is intended to improve the efficiency, effectiveness, and accountability of the executive branch by directing the Director of the Office of Management and Budget (Director) to propose a plan to reorganize governmental functions and eliminate unnecessary agencies (as defined in section 551(1) of title 5, United States Code), components of agencies, and agency programs.

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[Transcript] 3:07 P.M. EDT – THE PRESIDENT:  Hello, everybody.  I’m proud to welcome everyone to our first official Cabinet meeting. (more…)

Secretary Wilbur “wolverine” Ross, aka Wilburine, discusses his perspective on trade issues, and enforcement.    Gotta love Wilburine’s magnanimous graciousness as he explains the “goodwill gesture” extended recently to Mexico.  {LOL} Wilburine also hits at Trade with Japan being utilized as offsetting leverage with China. [Explains golf with Abe]

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Last night President Trump had a lengthy dinner and conversation with Secretary of State Rex Tillerson in advance of several upcoming foreign emissary visits to the White House, and T-Rex’s strategic trip to Asia.
Today President Trump took Secretary Kelly (DHS), Secretary Ross (Commerce), Secretary Mnuchin (Treasury), Secretary Shulkin (VA), together with their spouses to Trump National Golf Club in Virginia.
Accompanying the cabinet group was key staff: Press Secretary Sean Spicer, Senior Adviser Steve Bannon, and Chief of Staff Reince Priebus.

Clockwise from President Trump: Commerce Secretary Wilbur Ross and Hilary Ross, Treasury Secretary Steve Mnuchin and Louise Linton (engaged), Karen Kelly and DHS Secretary John Kelly, White House Chief of Staff Reince Priebus, Senior Adviser Steve Bannon, Press Secretary Sean Spicer, Merle Bari Shulkin and Veterans Affairs Secretary David Shulkin.

This type of exit from DC is really smart for multiple reasons.  It might be a little challenging for the convoy to drive 35 minutes, but it allows the cabinet team to synergize in a more relaxed environment with introductions and fellowship amid the spouses.
Additionally, it provides a fully private venue, with full pre-arrival security controlled by Team Trump (ie. no ears); and an escape from the toxic fumes which perpetually emanate from the DC Swamp.
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You can tell who holds the leverage by the nerves and twitches.  Mexico says they would prefer trilateral trade talks including both Canada and the U.S.; Mexico also wants the talks trade talks to begin ASAP.
Secretary “Wolverine” Ross says bilateral is preferred and there’s no immediate hurry as he intends to notify congress over the next few weeks.  {spit}
Ok, well, he really didn’t spit, but still.  This is exciting stuff.  By mid-summer we shall feel like kids peeking through the fence holes at the O.K. Corral….

(Via CNBC) Commerce Secretary Wilbur Ross said Friday he hopes to start the formal process of renegotiating the North American Free Trade Agreement in coming weeks.
Under U.S. law, the government must tell Congress 90 days before it signs any new trade agreement. Ross said he wants to take the step of notifying lawmakers “sometime in the next couple of weeks.”
“We are now in the very early stages” of having the talks to change NAFTA, he said in a joint press conference with Ildefonso Guajardo Villarreal, Mexico’s economic minister.
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Reposting part of a previous outline by request.  The repost is requested as an outcome of the latest wage rate news within the February labor report.  The wage rate increase is not being highlighted, and in some reports downplayed, by media.   However, the measurable matrices inside the space between two economic engines is responding according to prior outline on the new economic dimension.

First the recap of the day’s news on labor rates:

WASHINGTON DC – With the labor market near full employment, wage growth could speed up as companies are forced to raise compensation to retain employees and attract skilled workers. A proxy for take-home pay rose a solid 0.5 percent in February.

The annual wage increase is close to the 3 percent to 3.5 percent range that economists say is needed to lift inflation to the Fed’s 2 percent target. Inflation is already firming, in part as commodity prices rise.

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…“and we will win, and you will win, and we will keep on winning; and eventually you will say we can’t take all of this winning, …please Mr. Trump …and I will say, NO, we will win, and we will keep on winning”.
~ Donald Trump

The February jobs report was released earlier today and the results stunned the markets. Employment in the private sector surged by 298,000 for the month However, no forecaster anticipated manufacturing and construction jobs growing over 106,000 jobs.
Construction jobs swelled by 66,000 and manufacturing added another 32,000. A stunning reversal in the sectors gaining the most significant growth in the first full month of a Donald Trump presidency:

The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.
The report encompassed the first full month under President Donald Trump, who has pledged to rebuild the nation’s aging infrastructure system. (read more)

The results are so far beyond expectations that all current forecast models are being revised. (more…)

Commerce Secretary Wilbur “Wolverine” Ross put the trade world on notice today when he announced a staggering $1.19 billion penalty on Chinese company ZTE for violating U.S. sanctions and selling electronics to Iran and North Korea.
China’s ZTE has agreed to pay the United States the fine.  Remember, in China all private businesses are politically attached to the central government.

(From Wilbur Ross Office) Secretary of Commerce Wilbur L. Ross, Jr. today announced that China’s Zhongxing Telecommunications Equipment Corporation and ZTE Kangxun Telecommunications Ltd., known collectively as ZTE, has agreed to a record-high combined civil and criminal penalty of $1.19 billion, pending approval from the courts, after illegally shipping telecommunications equipment to Iran and North Korea in violation of the Export Administration Regulations (EAR) and the Iranian Transactions and Sanctions Regulations (ITSR).
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Oh, this guy is too good at this stuff.  Lots of love for Wilbur the Wolverine.
Commerce Secretary Wilbur Ross hints at a strategy for NAFTA renegotiation with Mexico that completely annihilates any leftist opposition, and simultaneously drops the greatest humanitarian narrative right in the lap of the globalists.  Make Mexico raise their minimum wage.

Currently the minimum wage in Mexico is 80 pesos per day. Around $4 per day, and the length of the workday is up to the hiring company.  The minimum wage in the U.S. for an eight hour day is $58 ($7.90/hr  x 8).  Additionally, almost no-one in the U.S. makes minimum wage, and almost everyone in Mexico makes minimum wage.
Here comes Wilbur the magnanimous and says: Lets Make Mexico Great, by adding in a requirement that Mexico raises their minimum wage to say, oh, $800 pesos per day ($40) as part of our NAFTA renegotiation.
Liberal heads explode in the U.S. and Mexican minister heads explode in Mexico.  Wha… huh.. wait… Oh snap.  How can they argue against him?
Jorge’ Ramos eyes spontaneously expand as big as saucers.  (more…)

Wilbur Ross as Commerce Secretary will have the lead position in renegotiating trade deals including NAFTA.   When candidate Trump said “we have some real killers for negotiators, we just never use them”, he could have been specifically describing Wilbur Ross.

Ross amassed a fortune as a private equities investor playing financial chess amid the tilted globalist board created by anti-American progressive trade policies supported by Tom Donohue and the U.S. CoC.

Having Ross in the cabinet is like hiring a Ty Cobb type veteran cat burglar to install your security system; Skippy The Wolverine knows all the angles…. (more…)