White House trade and manufacturing policy advisor Peter Navarro appears for an interview with Maria Bartiromo to discuss the strong data for jobs amid the effort to reopen all facets of the U.S. economy. Navarro highlights the recent visit to Maine where he accompanied President Trump to celebrate U.S. critical manufacturing.
Within the interview Navarro reminds the audience of the larger strategic confrontation against China that involves multiple geopolitical aspects to the U.S. economy.
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The media apoplexy over positive economic news is directly related to how much damage a positive economy does to the Antifa/BLM strategy to divide our nation through class warfare. A thriving Main Street economy is antithetical to the objective.
Earlier today President Trump and trade advisor Peter Navarro traveled to Bangor, Maine to participate in a roundtable discussion on supporting America’s commercial fishermen. During the visit the president signed a proclamation modifying the Northeast Canyons and Seamounts Marine National Monument.
Participating in the roundtable were: Paul LePage, Former Governor of Maine; Terry Alexander, Owner, Jordan Lynn Inc.; Jim Odlin, Member of Board of Directors, Blue Harvest Fisheries; Frank O’Hara Jr., President, O’Hara Corporation; Kristan Porter, President, Maine Lobstermen’s Association; Maggie Raymond, Executive Director, Associated Fisheries of Maine; Mary Beth Tooley, Former Council Member, New England Fishery Management Council and Jon Williams, Owner, Atlantic Red Crab Company
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Background – On September 15, 2016, the Obama Administration designated the first and only national marine monument in the Atlantic Ocean, the Northeast Canyons and Seamounts Marine National Monument, using authority under the Antiquities Act of 1906.
This action abruptly ended commercial fishing within its boundaries, limiting economic prosperity for this crucial industry in the northeast. President Trump’s proclamation amends that economic restriction, reauthorizes commercial fishing, but will not alter the boundaries of the Northeast Canyons and Seamounts Marine National Monument.
Economic analysts had forecast another month of job losses around 9 million; however, the ADP payroll report shows a much better result with 2.76 million jobs lost in May. The surprising difference between expectations and results is giving increased hope a quicker rebound may be possible.
The ADP results were so much better than expected that White House economic advisor Kevin Hassett said he has to check the data twice. The data was released while Hassett was in the middle of an interview with Maria Bartiromo on Fox Business.
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The key is getting rid of these nonsensical shut-down rules. As the lack of social distancing concern amid the protests has shown, the shut-down fears, rules and regulations are over-hyped and baseless. However, the blue state governors continue to fight economic re-engagement as they look to maximize negative economic impact for political gains.
White House Trade and Manufacturing Advisor Peter Navarro has a good discussion with Martha MacCallum about the economy, White House economic policy and the focus in the aftermath of the COVID crisis to reemphasize an industrial resurgence in the U.S.
As Navarro outlines the focus of the administration policy is on Main Street and driving the main street economy that overwhelmingly benefits middle-class workers.
That said, when questioned about President Trump’s recent tone toward China, Navarro hints toward what many expect… President Trump is going to deliver a very deliberate, very strategic, very focused and very painful economic blow to Beijing. WATCH:
On April, 17, 2020, President Trump directed Secretary Perdue to expedite assistance to America’s farmers, ranchers and consumers. The President directed USDA to use all funds and authorities at its disposal. In addition to the $16 billion in direct payments, the details of which are expected to be announced shortly, USDA has begun to purchase & distribute up to $3 billion of ag products to those in need through the Food Box Distribution Program.
On Friday, May 15, 2020, Advisor to the President Ivanka Trump and Secretary Perdue toured Coastal Sunbelt Producers in Laurel, MD, which has begun the packing and distribution of these boxes to families in need. Contracts to distributors have been awarded by USDA.
Earlier today President Trump delivered remarks on supporting our Nation’s farmers, ranchers, and food supply chain in the Roosevelt Room of the White House.
A visibly angered President Trump told Maria Bartiromo he “doesn’t want to talk to China right now” and expresses a more open opinion that we should just decouple from all economic attachment to China. This is a seismic shift in tone toward Beijing.
All administration policy and economic influence is now targeted to remove Chinese manufacturing from the U.S. supply chain. President Trump and white house officials openly discussing a U.S. effort to decouple from China is a significant shift.
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President Trump has been creating a dual position for several years; this is very unique because it is the same strategy used by China. By expressing a panda face, yet concealing the underlying dragon, President Trump’s policy to China is a mirror of themselves.
White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the administration’s outlook toward China and the intense focus to bring critical manufacturing back to the U.S.
Earlier in the day a visibly angered President Trump told Maria Bartiromo he “doesn’t want to talk to China right now”, and Navarro highlights exactly why. All administration policy and economic influence is targeted to remove Chinese manufacturing from the U.S. supply chain. President Trump officials openly discussing an intentional U.S. effort to decouple from China is a significant shift…. WATCH:
Commerce Secretary Wilbur Ross has been in discussions for several years with both TSMC and Intel to build advanced chip manufacturing plants in the U.S. and extract U.S. supply chain needs from China and southeast Asia. It appears his efforts, and the emphasis on global supply-chain shifts from President Trump, are getting results.
According to numerous media reports Taiwan Semiconductor Manufacturing Co (TSMC) is likely to announce this week they will build an advanced chip manufacturing facility in Arizona. A manufacturing facility for advanced 5 nanometer chip manufacturing is a steep investment decision costing around $10 billion.
This shift in a high-tech supply chain will align with President Trump’s prior discussions with Tim Cook the CEO of Apple which led to a decision to invest in Texas. TSMC is a chip supplier for Apple products; and Apple is moving to the 5nm processors in new devices. It looks like the movement of advanced industrial products away from China is underway.
(Via Appleinsider) – Apple supplier Taiwan Semiconductor Manufacturing Co. is set to announce that it plans to build an advanced chip factory in Arizona.
Taiwan-based TSMC is the world’s largest contract manufacturer of silicon chipsets and has long been Apple’s primary supplier of A-series chips.
White House Director of Trade and Manufacturing Policy Peter Navarro appears for an interview with Maria Bartiromo. As a China hawk Navarro outlines the economic damage from a perspective where China needs to be held accountable.
One of the ways to hold Beijing accountable is to retract all U.S. business interests and decouple from China. The White House is currently using a task-force approach to assemble the background evidence. Once assembled, many people suspect President Trump will initiate very strong policies against China (including tariffs) simultaneously timed with tax incentives for U.S. companies to return manufacturing back to the U.S.
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If you think about the economic vulnerabilities currently carried by China, it is entirely possible for USTR Lighthizer, Secretary Mnuchin, Secretary Ross and Peter Navarro to structure serious financial punishment upon the Red Dragon.
At no time in the past twenty years has Beijing been more vulnerable to an economic adversary. At the same time, there has never been a more strategic economic adversary in the oval office. This is a conspicuously remarkable moment in history.
U.S. Trade Representative Robert Lighthizer and U.K. Secretary of State for International Trade Elizabeth Truss announced today [joint statement] the beginning of a series of fast-tracked trade negotiations toward a new free trade agreement. [USTR Release]
In the foreground is a trade agreement between the U.S. and the United Kingdom. However, in the more strategic background context these negotiations create leverage for the U.K. in their post-Brexit negotiations with the European Union. First from today:
LIGHTHIZER – […] The US negotiating team will be led by Dan Mullaney, Assistant U.S. Trade Representative for Europe and the Middle East; and the UK negotiating team will be led by Oliver Griffiths, Director for US Negotiations at the Department for International Trade. Over 200 staff from U.S. and UK government agencies and departments are expected to take part in the negotiations.
