The Beijing/Wall Street lobbyist Robert Zoellick has taken an attack posture on behalf of his U.S. corporate clients and their investments in China.
White House director of trade policy Peter Navarro appears on FOX Business’ Lou Dobbs to rebuke Zoellick and Beijing claims about Trump’s trade policy:
Treasury Secretary Steven Mnuchin appears for an interview with Maria Bartiromo to discuss the Trump administration’s efforts to return privatization to Fannie Mae and Freddie Mac, the state of the U.S. economy, U.S. trade talks with China, USMCA and government spending.
Ms. Bartiromo is very concerned about retaining the wealth position for her friends on Wall Street and the Asian investment needs of U.S. multinational corporations.
If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.
According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st. Then ignore it. That was easy.
(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Yc reported late on Sunday.
Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.
The South China Morning Post has an interesting article highlighting that July’s export results from China were likely skewed as U.S. companies proactively made purchases to take advantage of Beijing’s currency devaluation in combination with filling inventory ahead of the U.S. holiday needs.
Additionally, August export results from China show an actual drop in exports, falling 16 percent year-over-year from decreased U.S. orders:
SCMP – China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy.
Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs.
White House Director of Trade and Manufacturing Policy Peter Navarro appears on Fox News to discuss the current status of the U.S-China trade discussions and the USMCA.
Ms. Bartiromo points out how U.S. multinationals are holding back further investment in Asia due to ongoing President Trump tariffs. Mr. Navarro points out there is no uncertainty if U.S. companies would invest in Main Street USA.
However, the Wall Street multinationals do not want to give up on their Asian investments and bring U.S. manufacturing jobs back to North America. Hence the conflict between Wall Street/The Big Club and Main Street/President Trump.
The consequences of such policy are not esoteric; they are very real and very serious. Who would immediately benefit from Warren’s policy: Russia, China, Iran and Venezuela. Who would suffer, Americans. Here’s how…
Within the first 24 hours of Elizabeth Warren’s presidency she is promising to dramatically raise the price of Oil and Natural Gas. This will:
The Gordian Knot of Brexit is based on a Parliamentary ruling class within the U.K. government who will not accept Great Britain leaving the European Union.
The elitist Members of Parliament (MP) have passed a law requiring Prime Minister Boris Johnson to forever stay in the EU until an agreement for terms of exit are reached. However, the EU doesn’t want the U.K. to exit; so the consequence of the MP law is to ‘remain’ in the EU forever. This elitist scheme has created the knot; and the majority of the British people -those who voted to ‘leave’- are insufferably bound within it.
In one approach to cutting the knot Prime Minister Boris Johnson has requested a national vote for government leadership on October 15th. With a scheduled round of talks with the EU set for October 17th, a Boris Johnson election victory would create the needed momentum toward a hard-brexit (no deal) on October 31st. Britain would, finally, be free.
However, the MP ruling class, those who say they know better than the people they are supposed to serve, know such a popular vote would upend their schemes – and likely lead to many of their alliance being removed from office. So the elites will not support a national election that would lead to their own defeat. [More knot building].
A second knot-cutting tactic implied by the Prime Minister, is to ignore the insufferable law –recently passed and pending signature– and proceed toward a ‘no-deal’ Brexit on October 31st.
This approach could lead to the British Parliament being forced to vote against the Prime Minister (no confidence); and would set up a replacement election, which Boris Johnson wants anyway. Actually, no-one is quite sure what will happen on this second knot-cutting avenue… no map available.
(more…)
I am thankful every day that we have a businessman in the White House who brilliantly understands how to leverage U.S. economic power to achieve national security objectives.
While remaining under the threat of punishing U.S. tariffs, Mexican President Andres Manuel Lopez-Obrador (aka AMLO) is strictly enforcing migrant blockades to stop the unlawful travel of Central American migrants to the U.S. border.
(Via AP) […] Foreign Secretary Marcelo Ebrard said he believes Mexico’s strategy of cracking down on illegal migration with a National Guard deployment, investment in Central America and allowing the U.S. to make more asylum seekers wait in Mexico is enough to avert President Donald Trump’s threat to impose tariffs on all Mexican imports.
Ebrard is scheduled to meet with U.S. officials Tuesday at the White House to review the progress.
White House Economic Council Chairman Larry Kudlow discusses the August jobs report and the latest on China trade negotiations. Main Street USA is thriving, and the U.S. economy is very strong.
