Earlier today China reported the Chinese economy grew at its lowest rate in 27 years. This report follows additional information of more companies exiting China while the U.S-China trade conflict continues.
National Economic Council Director Larry Kudlow discusses the future of USMCA, and the vote decision of Speaker Nancy Pelosi; the ongoing renewed U.S. trade talks with China; President Trump’s Made in America Showcase and the overall state of the U.S. economy.

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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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Earlier today President Trump drew attention to another uncomfortable truth.  Some of the most virulent anti-American progressive lawmakers entered the United States for the opportunity and freedom within our system.  However, those same politicians then decry the U.S. and demand changes to the system providing the benefit.
In essence, do not flee to the land of liberty, indulge in the benefits and then have the audacity to criticize the foundation of the nation providing the opportunity.

The media immediately went into apoplectic fits of outrage accusing President Trump of being a racist because he calls-out the anti-American messengers directly.
After a media cycle of outrage du jour, President Trump responds:
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Former National Security Advisor Lt. Gen. Michael Flynn is involved in two heavily connected legal cases that came from the special counsel appointment of Robert Mueller.  One direct case is in DC District Court, Judge Emmet Sullivan; and one indirect case in the Eastern District of Virginia (EDVA), Judge Anthony Trenga.

The DC case is the direct case against Michael Flynn where Flynn took a plea deal and has been in a rather tentacled sentencing phase since November 2017.  The EDVA case is the FARA case against Flynn’s former business associate Bijan Rafiekian where Flynn was going to be a witness (now cancelled).
While the larger issues connecting both cases are somewhat complex, some details released last week reveal a concerning bigger picture that originated long before Robert Mueller became special counsel in May 2017.  [Back story HERE and HERE and HERE]
I’m going to make the assumption the reader is familiar with the backstory noted above; and additionally, in full disclosure for the reader, this is openly written for the research benefit of the Flynn defense team – with whom I’ve had no contact.
Of particular interest to me was the revelation that DOJ National Security Division head David Laufman engaged with Flynn in January 2017, and was the lead point of contact within the DOJ-NSD when Flynn was filing FARA compliance documents, as part of the transition into the Trump administration.
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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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Some updates in the Michael Flynn case.  As requested the DOJ has filed a response to Judge Sullivan’s order.   The DC judge wanted to know what the status of the prosecution position was now that Michael Flynn is no longer a cooperating witness for the DOJ in the EDVA case, against his former business partner.
The prosecution responds:

(Source Link)

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U.K. Ambassador Kim Darroch (pictured left) wrote disparaging diplomatic cables about U.S. President Donald Trump.  The cables were leaked to the media.  Embarrassed by the publicity of the content Ambassador Darroch has resigned after President Trump called him a “pompous fool” and said the administration wouldn’t work with him.

The British Ambassador writes:

“Since the leak of official documents from this Embassy there has been a great deal of speculation surrounding my position and the duration of my remaining term as ambassador. I want to put an end to that speculation. The current situation is making it impossible for me to carry out my role as I would like.  Although my posting is not due to end until the end of this year, I believe in the current circumstances the responsible course is to allow the appointment of a new ambassador.“

Various British politicians are upset about the resignation, saying the U.K. government should have done more to support their embattled Ambassador.  Ultimately this is all a little funny…. The British are going bananas; and President Trump doesn’t care.
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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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