Funny stuff amid headlines discussing the likelihood of President Trump postponing a 25% tariff on European autos.  What the pundits are missing is how President Trump has positioned a myriad of trade dynamics that make EU action unavoidable.   This is the fun stuff, so let’s enjoy the details.
The current headlines surround President Trump “postponing” a 25% tariff on EU automobiles as an outcome of the major EU manufacturers (mostly Germany) promising increased investment in their U.S. operations.  By itself this would be considered a win for President Trump, but that’s not the whole picture, not even close.

What the more broad trade and manufacturing dynamic includes will explain what EU economists are only just now starting to realize.  Yes, the major European auto-makers will put more investment into the United States (thereby lessening the EU industrial economy); however, the auto decision is not because they are presenting a magnanimous benefit of sorts, but rather it is a foregone conclusion; an unavoidable reality due to a previous trade agreement construct.
Within the USMCA agreement President Trump negotiated a win-win-win for Mexico, Canada and the U.S. through a requirement that 75 percent of North American auto content must originate from manufacturing within North America.  Failure to reach that threshold means the auto company will be subject to a 25 percent tariff to bring the product to the U.S. market.
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The major industrial economies of the European Union (U.K., France, Germany) have been the beneficiaries of a decades-long system which allowed one-sided benefits -via tariffs- against U.S. products.
With President Trump demanding reciprocity, and with less industrial purchasing from China, the EU is now starting to contemplate a dramatically different economic future.

(Reuters) – Persistent weakness in euro zone manufacturing raises the risk of other sectors of the economy being infected, extending the currency bloc’s recent downturn, European Central Bank policymaker Yves Mersch said on Monday.
“The longer the weakness in manufacturing persists, the greater the risk that other sectors of the economy will be affected by the slowdown as well,” Mersch told a conference.
“Risks to the growth outlook remain on the downside overall.” (read more)

I think it is safe to say the majority of American voters have no idea how deeply the global economy is dependent on systems of trade that are based on the U.S. trade deficits.
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President Trump held an impromptu presser prior to departing JBA for Alabama.  This is one of those mini-pressers that reveals important aspects to the *direction* of the U.S-China trade discussion from the POTUS perspective.  The financial pundits always miss these little tell-tale remarks.  President Trump is managing the trade and economic program at a granular level; this is his priority… every little part of it, he is directing.
President Trump notes the value of the tariff strategy, and infers (not so subtle) that no deal is preferred within his ongoing plan: “you’ll see what I’m going to be doing.”  This is what the financial pundits ignore. President Trump has gamed this out, he’s stringing the process slowly to keep boosting the stock market…. but his goal does not include a deal.
[Video and Transcript below]

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[Transcript] – THE PRESIDENT: I look forward to seeing a lot of things. But on Monday, in particular, our stock market has just broken another record, as you see. Our economy is doing phenomenally well. Our jobs numbers just broke yet another record. They’re higher than ever before. Our country is doing better than it’s ever done. Our military is rebuilt. It was a mess when I took over.

And a lot of good things are happening, and now I’m going to watch Alabama-LSU, and that’ll be a lot of fun. So, we look forward to it.

Do you have a question? Go ahead.

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As we warned yesterday, about taking the propaganda of the Beijing panda mask…
Well, today President Trump pummels that narrative when he was asked about it during an impromptu press conference at the White House:

Q On China, can you tell me whether a tariff rollback will be part of the phase-one China deal?

THE PRESIDENT: Well, they’d like to have a rollback. I haven’t agreed to anything. China would like to get somewhat of a rollback — not a complete rollback, because they know I won’t do it.

But we’re getting along very well with China. They want to make a deal. Frankly, they want to make a deal a lot more than I do. I’m very happy right now. We’re taking in billions of dollars. I’m very happy. China would like to make a deal much more than I would. (link)

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The International Monetary Fund (IMF) has a statement out today that underlines why so many global forces are against President Trump: “there are trillions at stake”.

(Reuters) – An interim U.S.-China trade deal that rolls back some tariffs has the potential to improve the International Monetary Fund’s baseline economic forecasts, which show the two countries’ trade war slowing global growth significantly this year, an IMF spokesman said on Thursday. (read more)

The baseline for the position of the IMF is the open secret amid global economic that few will ever discuss openly.  The U.S. economy generates approximately $21 trillion in total activity; roughly 20 percent of total global economic activity.
When the U.S. maintains a $500 billion per year trade deficit with China, essentially we are sending China trade dollars Beijing then uses to purchase industrial products from the EU an other nations.  Any reduction in the U.S-China deficit means China has less dollars to distribute; as an outcome the global economies have access to less U.S. wealth.
The process to retain U.S. dollars inside our own economy, President Trump’s “America First” economic agenda, is the heart of what most call the global economic slowdown.  As a result the position of the IMF is better when the U.S. maintains a deficit, and the position of the IMF is weakened by any process that stops that exfiltration of wealth.
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There is an important granular aspect to the validity of the House impeachment process that few are paying attention to.  If the HJC loses this case in the DC Appellate Court, it means there is no constitutional foundation recognized to the “impeachment inquiry.”
Without the constitutional recognition of the judicial branch then: (a) Pelosi/Lawfare have to restart the process with a genuine House vote; or (b) the ongoing impeachment process will have no recognized constitutional standing; and (c) the Senate could ignore any House impeachment vote, cast without recognized constitutional standing.

BACKSTORY: On October 25th DC Judge Beryl Howell granted the House Judiciary Committee (HJC) request for legal authority to receive 6e grand jury material underlying the Mueller report.
Additionally, and most importantly, within the Howell decision she officially recognized the HJC effort was predicated on a constitutional impeachment process.  In essence Howell’s opinion granted the HJC with “judicial enforcement authority.”
The DOJ moved to appeal the decision and requested a “stay” pending appeal.  Judge Howell rejected the DOJ “stay” motion.
The DOJ then appealed to the DC Court of Appeals.  A panel of three judges issued an “administrative stay”, blocking enforcement of the Howell ruling while the appeal was reviewed.  The DC Appellate Court has now scheduled the arguments within the appeal.
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There is a lot of banter amid the punditry class of trade and finance watchers surrounding a statement from Chinese Commerce spokesman Gao Feng claiming that U.S. and China negotiators were discussing a ‘phased’ roll-back of U.S. tariffs as part of a trade deal. However, a note of very strong caution should be applied.

On its face the Beijing-central claim is essentially an accurate portrayal of a dynamic long discussed.  The tariffs were initially imposed to reset the outlook of China.  In any negotiation with China a concession of current status is a non-starter.  By natural disposition Beijing refuses to cede already won ground. This is their historic approach.
Therefore when engaging in any negotiations with China it is necessary to reset the baseline.  China has to naturally feel losses; the economic landscape must be changed around them without their participation; in order for for them to consider negotiation.
The punishing U.S. tariffs accomplished this objective; the Beijing baseline status has been changed.  The bamboo forest is significantly less than it was two years ago, and now China wants to recapture lost position. Their current status indicates exactly that dynamic.
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Unemployment claims dropped by 8,000 last week showcasing a very strong job market for all sectors of employment.  The U.S. Dept of Labor Report shows continued strong jobs growth surprising most economic pundits.

(DOL Report – pdf page 4)

(Reuters) – The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth.

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Tonight President Trump heads to Monroe, Louisiana for a Keep America Great Rally at the Monroe Civic Center to support gubernatorial candidate Eddie Rispone.  The anticipated start time for President Trump remarks 8:00pm ET / 7:00pm CT.
RSBN Livestream Link – GST livestream Link – Global News Livestream Link

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According to recent reports U.S. Attorney John Durham and U.S. Attorney General Bill Barr are spending time on a narrowed focus looking carefully at CIA activity in the 2016 presidential election.  One recent quote from a media-voice increasingly sympathetic to a political deep-state notes:

“One British official with knowledge of Barr’s wish list presented to London commented that “it is like nothing we have come across before, they are basically asking, in quite robust terms, for help in doing a hatchet job on their own intelligence services””. (Link)

It is interesting that quote comes from a British intelligence official, as there appears to be mounting evidence of an extensive CIA operation that likely involved U.K. intelligence services.  In addition, and as a direct outcome, there is an aspect to the CIA operation that overlaps with both a U.S. and U.K. need to keep Wikileaks founder Julian Assange under tight control.  In this outline we will explain where corrupt U.S. and U.K. interests merge.

To understand the risk that Julian Assange represented to CIA interests, it is important to understand just how extensive the operations of the CIA were in 2016.  It is within this network of foreign and domestic operations where FBI Agent Peter Strzok is clearly working as a bridge between the CIA and FBI operations.
By now people are familiar with the construct of CIA operations involving Joseph Mifsud, the Maltese professor now generally admitted/identified as a western intelligence operative who was tasked by the CIA (John Brennan) to run an operation against Trump campaign official George Papadopoulos in both Italy (Rome) and London. {Go Deep}
In a similar fashion the CIA tasked U.S. intelligence asset Stefan Halper to target another Trump campaign official, Carter Page.  Under the auspices of being a Cambridge Professor Stefan Halper also targeted General Michael Flynn.  Additionally, using assistance from a female FBI agent under the false name Azra Turk, Halper also targeted Papadopoulos.
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