Today President Donald Trump is hosting the 3rd Annual Made in America product showcase on the south lawn of the White House.  Anticipated start time 11:45am EST:
UPDATE: Video and Transcript Added

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[Transcript]  THE PRESIDENT: That sounds nice, doesn’t it? Beautiful. Thank you very much. And thank you very much. Terrific talent.  Please sit down. Please.
I want welcome everyone to the White House. We are very excited to be hosting our third annual Made in America Showcase. It’s all about “Made in America.” (Applause.) We just started this, and this is my third already. And I just went around and saw these incredible companies that make everything from the THAAD missiles to beautiful boats. And I said, “How would that boat do against the THAAD missile?” And it wasn’t a good answer. (Laughter.) The boat is going to have a little problem, but that’s okay.
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We had to wait a few weeks to see how the Beijing communists and Xi Jinping hardliners were positioned for new trade talks; and now things make sense.
Initially it seemed at odds with Beijing’s prior position to restart U.S-China trade negotiations with Vice-Premier Liu He.  The prior three months of negotiation came to a collapse when Beijing resoundingly rejected the trade terms organized by Liu He.  If the Red Dragon was so opposed to conciliatory terms, why would team Xi restart with the same negotiator?  Now it makes sense, they didn’t.

China’s Commerce Minister Zhong Shan has been assigned the role to harden the position of the communist regime and override any panda presentations by Liu He.  Vice-Premier Liu retains the panda mask, but Zhong is the ultimate control agent.  The message within Zhong’s placement tells the true nature of the Chinese position: Trade War !
Beijing attempts to downplay the position of their hard-line commerce addition, but the reality of the re-started trade discussions tells a more fulsome story.  Chairman Xi took the strategically presented bait and is going to engage in full confrontational trade war with President Trump and the U.S. team.

SCMP – The participation of China’s Commerce Minister in the latest trade discussion with the United States was “normal”, China’s Ministry of Commerce said on Thursday, playing down the eye-catching change in Beijing’s negotiating team.

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U.S. President Donald Trump is attending an event in Milwaukee, Wisconsin, today to discuss the importance of a North American trade bloc and support the United States-Mexico-Canada Agreement (USMCA) trade deal.
Anticipated start time approximately 2:25pm EST.
UPDATE: Video Added

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White House National Economic Council Director Larry Kudlow on the U.S.-China trade talks where recontact has been established and now officially restarted. As noted, President Trump is in no hurry; the status-quo is leverage in our favor.
Additionally Director Kudlow discusses the potential benefits of the USMCA trade deal and whether the Federal Reserve should lower interest rates.

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Regarding “inflation” these pundits just don’t get it.  For over three years CTH has been explaining how President Trump’s maganomic policy would reverse three decades of stagnant Main Street economic growth.  The Bureau of Economic Analysis (BEA) consistently confirms our earlier predictions releasing data where inflation is essentially nonexistent.
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Earlier today President Donald Trump welcomed Amir Tamim Bin Hamad Al Thani from Qatar to the White House. Qatar came under considerable scrutiny from President Trump as part of the 2017 mid-east alliance due to their connections to the Muslim Brotherhood, terrorist financing, and regional issues in conflict with Saudi and Egyptian allies.
When President Trump formed the mid-east coalition, & referencing extremist elements, said: “drive them out”, the target audience was Qatar. [Video and Transcript below]

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[Transcript] PRESIDENT TRUMP: Thank you very much. It’s a great honor to be with the Amir of Qatar — a highly respected man, a real leader in a large part of the world and a very important part of the world. And we’ve known each other a long time. We’ve been friends for a long time.
And we’re doing a lot of work now. They’re investing very heavily in our country. They’re creating a lot of jobs. They’re buying tremendous amounts of military equipment, including planes. And they’re buying commercial planes, as you know — very large numbers of commercial planes from Boeing. And we very much appreciate it.
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Billionaire businessman and two-time independent presidential candidate, Ross Perot, has died at 89. He was battling leukemia and died Tuesday morning at his home near Dallas.

Ross Perot was the first modern presidential candidate to cut through both sets of party lines and reach out to the monster vote. Perot’s ferocious opposition to the NAFTA trade deal, and all economic policies against U.S. interests, was the center of his campaign.
There are striking similarities between President Trump and Ross Perot particularly around America-First trade deals and prioritizing policy for the American worker.
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Last weekend the Daily Mail reported U.K. Ambassador Kim Darroch leveled personal insults against President Trump, the White House and positions the British felt were adverse to their interests in a series of memos dating back to 2017.  Today President Trump responded:

According to additional media reports, British trade minister Liam Fox will apologize to the administration for the inappropriate commentary.

“I will be apologizing for the fact that either our civil service or elements of our political class have not lived up to the expectations that either we have or the United States has about their behavior, which in this particular case has lapsed in a most extraordinary and unacceptable way,” Fox said on BBC radio. (link)

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Gordon Chang appears on Fox News with Charles Payne (filling in for Bartiromo) to discuss the downstream consequences from the G20 meeting between President Trump and Chinese Chairman Xi Jinping.
While he generally frames the picture accurately, lately Chang has been hit or miss.  He accurately outlines how a win/win trade deal is not possible from the perspective of Beijing and their zero-sum outlook; however, he misses on the issues around Huawei; misses the entire hostage dynamic with Kim Jong Un; and then hits again on Hong Kong.

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♦ On China President Trump appears to be working on a complete and total decoupling from the U.S. However, there are steps required in the interim that are in flux (EU and USMCA). Once those matters are resolved we will likely see the decoupling.
♦ On North Korea, just because DPRK state media spouts something doesn’t mean Kim Jong-Un has any control over it.  Beijing has majority influence over DPRK officials.
♦ On Hong Kong, after the Kim hostage rescue; and while the China decoupling is underway; we can expect Hong Kong to be a larger part of Trump’s Indo-Pacific initiative.
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Before President Trump and Chairman Xi Jinping met in Osaka at the G20, Beijing requested the removal of current tariffs as a contingency for a Trump-Xi meeting.  The tariffs are causing two issues: (1) China is bleeding cash via subsidies to offset the tariffs and retain export position; (2) ancillary manufacturing companies are exiting China to avoid tariffs into the U.S. market.
Understanding how the static dynamic -he intentionally created- was favorable to the U.S., President Trump reasserted that current tariffs were not going to be removed.

After the Osaka meeting, President Trump and Chairman Xi agreed to re-open talks between the two teams with no new tariffs; however, as stated before the G20 summit the preexisting tariffs would remain.
Beijing is increasingly recognizing how the current status is disfavorable to their economy; and asserting that no further trade talks can take place until the U.S. promises to remove all tariffs as part of a completed agreement.

(SCMP) China has insisted that all tariffs on Chinese imports added by the United States during the trade war must be scrapped immediately as part of any deal to end the year-long conflict, which would require the Trump administration to give up its position that some levies remain in place even after an agreement is reached.

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Chopper pressers are the best pressers.  Earlier today President Trump stopped to deliver remarks and answer questions from the assembled media prior to boarding Marine-One.
There is a ton of updated current event information in this chopper presser. [July 4th, Economics, Fed, China, Biden, Wilbur Ross, Census, G20, Trade Deals, etc.]  The full transcript is below the video.

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[Transcript]  THE PRESIDENT: That’s a great crowd of people. We had a phenomenal crowd last night, and it was a fantastic evening for our country. You’re going to have a lot of people being recruited, I think, based on that. We’re going to have a lot of — a lot of people joining our military. And we really needed that.
Our job numbers are so good that the military has a hard time getting people. And I think, really, that you’re going to see a big spike. I’ve already heard it — a lot of people calling in. No place like our military. I think we showed that last night.
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