Office for Trade and Manufacturing Policy’s Peter Navarro discusses the China trade negotiations, the UAW General Motors strike, U.S. tariffs in European goods, and USMCA.
On the U.S-China ‘Phase-1’ construct the key issue is going to be the enforcement mechanism to ensure any agreement has strength.  On U.S. placing tariffs on the EU due to the Airbus ruling Navarro reminds everyone the WTO ruling does not permit the EU to place tariffs on U.S. productions.  On USMCA everyone avoids telling the truth; that is  Nancy Pelosi is waiting to see what happens in the Canadian election in three days.  If Trudeau wins re-election, the USMCA will likely be scrapped (tabled) by Pelosi.

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{*Note* We are holding-back on BREXIT-EU deal outlines until we complete reading the majority of the 2,000+ pages of UK-EU legal agreement construct.}
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Following their bilateral meeting, U.S. President Trump and Italian President Mattarella held a joint press conference.  President Trump disassembled the U.S. media preferred narrative on Syria.  [Video and Transcript Below]
Pay close attention to the remarks about trade and the WTO, big stuff is about to happen as the Brexit plans of Trump/Johnson kick in soon. Canadian election Oct 21st.  Watch the international trade moves over the next 45 days.  Things will shake out quickly. Bigly.

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[Transcript] – PRESIDENT TRUMP: Thank you very much. Today, it is my honor to welcome President Sergio Mattarella of Italy to the White House. We’ve known each other for a while. We’ve dealt with each other for a while. And we’ve had some really great conversations. We’ve had a very productive discussion throughout the day with our staffs and representatives. And I look forward to hosting the President and his daughter, Laura, at a reception for Italian-Americans this evening. I look forward to that very much.
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Earlier today President Trump met with Italian President Matarella and held a press availability in the oval office prior to bilateral discussions. [Video and Transcript below]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s a great honor to have the President of Italy with us. He is a man of great distinction. He’s highly respected in this country. And it’s nice to have you at the White House. Thank you very much, Mr. President.

We’ve had a great relationship with Italy for a long time. I don’t think it’s ever been closer than it is now. We have won a $7.5 billion award from, as you know — I guess it’s been pretty big news. And I know that this is against the European Union and World Trade — good ole World Trade. For a long time, they’ve been taking advantage of the United States. And I know Turkey is going to talk to us about their share of it because they feel they shouldn’t have to pay so much.

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Commerce Secretary delivered a speech to the Federalist Society today as he explained U.S. trade policy under President Trump and the long-term goals and objectives.

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President Trump prefers to use targeted economic weapons instead of the U.S. military forces against foreign adversaries.  In keeping with this strategy President Trump is announcing a set of economic sanctions and tariffs against Turkey for their decision to cross into Syria and create a crisis amid all regional interests.  (Source)
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Eight years ago Zurich Mike penned an analogy of the ‘Islamist Spring’ that still rings true today, when he said: President Obama helped kill the zookeepers and unleashed the big cats…. The Turkish movement into Syria is all part of this continuum.
When President Obama ignited the “Islamist Spring” with his speech in Cairo Egypt, what he really articulated was a shift in U.S. foreign policy to support The Muslim Brotherhood.

Political Islam, writ large, is represented by The Brotherhood.  Turkish President Recep Erdogan sees himself as the modern leader of political Islam using the Brotherhood to recreate the Ottoman Empire.
Ben Ali (Tunis), Hosni Mubarak (Egypt) and Khadaffi (Libya), were the first zookeepers removed.  Obama’s U.S. foreign policy supported Muslim Brotherhood replacements like Mohamed Morsi in Egypt.  However, Obama failed in the effort to remove Bashir Assad in Syria; as a result all extremist factions of the Brotherhood gathered to form ISIS.
Factions like al-Qaeda, al-Nusra and ISIS all fall under the umbrella of The Muslim Brotherhood.  The exiled Brotherhood leaders initially fled Egypt to Qatar until they were further driven-out by the Gulf Cooperation Council and ultimately given safe-harbor in Turkey, by Recep Erdogan.
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In the bigger picture… Within the trade team, Commerce Secretary Wilbur Ross is positioned with primary responsibility toward the EU and India. Ross clear-cuts through the politics, explains Trump’s objectives amid the trade proposals, and paves a path for U.S. Trade Rep Bob Lighthizer to engage his counterparts.
India has always been a key strategic nation within the global trade-realignment taking place by the Trump administration.  Under all of the banter, the “Indo-Pacific” strategy is structurally the decoupling of the U.S. from China. As a part of the strategy President Trump has positioned the ASEAN (Association of Southeast Asian Nations) as benefactors in manufacturing & trade as an outcome of the U.S. decoupling from China.

However, India has genuine concerns about the global dynamic. Specifically, India is worried about allowing the multinationals to have influence over their economy and social structure. In this regard India is not wrong; their concerns are not unfounded.
We can all see, heck we’ve lived through, massive multinational corporations quickly gaining too much influence; including -eventually- corporate influence over the politics of a nation. That inherently leads to corruption.
When Americans see it in other nations we call it “bribery and corruption”, but when it happens in Washington, DC, we call it “lobbying”; the process is exactly the same.
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White House trade and manufacturing policy advisor Peter Navarro appears on Fox Business to discusses the World Trade Organization ruling granting the U.S. $7.5 billion in annual tariff countermeasures against the EU.

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Jumpin’ ju-ju bones – The Trump administration via U.S. Trade Rep Robert Lighthizer and Commerce Secretary Wilbur Ross won a massive $7.5 billion award as an outcome of the World Trade Organization agreeing with the U.S. against the EU and Airbus subsidies.  The WTO arbitrators decision is final and cannot be appealed.
This win sets the stage for President Trump to deploy $7.5 billion in countervailing duties against products from the EU.  Keep in mind, a final WTO ruling means the EU cannot retaliate against any WTO-authorized countermeasures.  The downstream ramifications are very significant. Think about it: at 25% the U.S. could tariff $30 billion in EU goods.

Man, talk about serendipitous timing… But first, here’s the press release from Robert Lighthizer:

Washington, D.C.–  The United States has won the largest arbitration award in World Trade Organization (WTO)  history in its dispute with the European Union over illegal subsidies to Airbus.  This follows four previous panel and appellate reports from 2011-2018 finding that EU subsidies to Airbus break WTO rules.
Today’s decision demonstrates that massive EU corporate welfare has cost American aerospace companies hundreds of billions of dollars in lost revenue over the nearly 15 years of litigation.

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More evidence is surfacing showing how the CIA ‘whistle-blower’ complaint was a purposefully constructed political hit-job. Yes, Muh-Ukraine is much like Muh-Russia.
The New York Times reports today the CIA operative approached the House Permanent Select Committee on Intelligence (HPSCI) prior to filling out a ‘whistle-blower’ complaint form.  The CIA gossiper contacted staff of HPSCI Chairman Adam Schiff.

According to the report (written to defend the interests of Schiff et al), the CIA gossiper contacted the HPSCI after the top lawyer for the CIA would not advance his cause. We still suspect the ‘whistle-blower” is Michael Barry. Obviously the Times puts the customary spin on the information:

WASHINGTON — The Democratic head of the House Intelligence Committee, Representative Adam B. Schiff of California, learned about the outlines of a C.I.A. officer’s concerns that President Trump had abused his power days before the officer filed a whistle-blower complaint, according to a spokesman and current and former American officials.

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