In this Jocko Willink interview, Patrick Bet-David talks extreme ownership, are leaders born or made and the dichotomy of leadership. Subscribe for all updates.
QUESTION: Hi, I don’t know if this is a secret or not but I’ll try anyway.
I would like to know if you can explain how you manage to predict the turning point, maybe not give all your secrets but if it’s possible just some clues on how you predicted a turning point on the French CAC40 and it happened. how do you do that it’s amazing
R
ANSWER: This is extremely complex. The computer is mapping out over 72 different timing models. It’s not something that a human can do, for it is more than simply looking at one dimension. It is not so much a secret, but this is one of the aspects the government tried to extort from me. It is why I want to take Socrates public so it survives my passing.
QUESTION: Mr, Armstrong; Why the push for lower interest rates again in developed markets? You have stated the QE has been a total failure. Are they incapable of doing anything else?
KE
ANSWER: We are switching from QE to a new reality of budget management. If interest rates rise on government bonds, the budget blows out. At this stage, the Fed is toying with the idea of setting benchmark rates for 2 to 10-year instruments. This will be different than QE. It will be the collapse of government bond markets on a global scale.
The House Judiciary Committee voted Wednesday to hold Attorney General William Barr in contempt for refusing to turn over an unredacted version of the Russia report after an acrimonious session underscoring the country’s widening political divide. Naturally, the vote was 24-16 along party lines. House Democrats are using the legal process to get tax returns simply to bash Trump in the 2020 elections. This is really an abuse of power, but this is how far our government has fallen. It is no longer what is best for the country, it is just now raw politics.
The contempt citation for Barr is probably just the first in the maneuver of punitive actions the Democrats are waging against the administration. The maximum action they can take is a criminal prosecution for contempt which would involve jail time and/or fines. However, that would mean a public trial and that is not likely because the Justice Department would have to file the charges for contempt of Congress. They might be limited to filing a civil lawsuit for the full report and the underlying evidence that special counsel Robert Mueller collected.
This is turning out to be something like hiring a maid to clean your house but she spends all her time peaking in the windows next door because she thinks they are up to something. You hired her to clean your house, but she has better things to do and still demands to be paid. We elect people to run the country. All they seem to do is use that power to trash the opposition. Welcome to dysfunctional government.
COMMENT: It is interesting how these people take your interviews and inject headlines like you say the dollar will collapse in April 2019 when you have said exactly the opposite. Just unbelievable how these people use your name to promote their BS.
JD
REPLY: I know. They keep preaching the dollar will collapse when it is exactly the opposite. They are trying to sell their biased view which is always based upon the idea of the quantity theory of money – the same exact philosophy used by the central banks in Quantitative Easing.
The ONLY way the monetary system will break is with a STRONG dollar – not a weak dollar.The monetary system has broke ONLY when the dollar rises as in 1934 and 1985. The US always wants a weak dollar to increase corporate profits and and create a trade surplus. It is really quite amazing how these people keep preaching the same nonsense for decades and have never been right for more than 30 years.
House Judiciary member Mark Meadows has provided John Solomon with notes taken by Deputy Assistant Secretary of State Kathleen Kavalec on Oct. 11, 2016, during her meeting with Dossier author Christopher Steele (full pdf below). Solomon Article HERE.
Within the notes Kavalec outlines: ¹the motives of Steele; ²innacuracies in his claims; and ³his media distribution network used to push the sketchy information. From the notes Kavalec wrote an email (currently classified by FBI/DOJ) informing the FBI of her review, two weeks ahead of the FBI application to the FISA court, which should have led investigators to withdraw Steele’s dossier from the application:
The notes from the conversation were used by Ms. Kavalec in notifying the FBI of the issues within the claims by Mr. Steele.
[Solomon] […] Kavalec, two days later and well before the FISA warrant was issued, forwarded her typed summary to other government officials. The State Department has redacted the names and agencies of everyone she alerted. It is unlikely that her concerns failed to reach the FBI.
Rep. Mark Meadows (R-N.C.), a member of the House Oversight and Reform Committee and ranking member of its Subcommittee on Government Operations, told me late Thursday he had confirmed with U.S. officials that Kavalec’s memo was forwarded to the FBI in the Oct. 13, 2016, email.
If you read the Weissmann/Mueller report carefully one aspect stands out strongly; the Mueller investigation was fully committed to The Steele Dossier. An inordinate amount of the report is focused on justifying their investigative purpose in looking at the claims within the Steele Dossier.
Repeatedly, the investigative unit references their mandate based around the Steele Dossier, and the mid-summer 2016 origin of the FBI counterintelligence operation.
Why? Why was/is Crossfire Hurricane (July ’16) and the Steele Dossier (Oct. ’16) so important to the principle intelligence apparatus, and the Mueller team (’17, ’18, ’19)?
The Russian election interference narrative; the use of Joseph Mifsud, Stefan Halper, the London and Australian embassy personnel; Erika Thompson, Alexander Downer, U.S. DIA officials; everything around Crossfire Hurricane; and everything after to include the construct of the Steele Dossier; all of it was needed for the creation of an ‘after-the-fact‘ plausible justification to cover-up what Mike Rogers discovered in early 2016, AND the downstream unmasked records that existed in the Obama White House SCIF.
Fusion GPS was not hired in April 2016 to research Donald Trump. The intelligence community was already doing surveillance and spy operations. They already knew everything about the Trump campaign.
The Obama intelligence community needed Fusion GPS to give them a justification for pre-existing surveillance operations. Fusion fulfilled that objective by contracting for the Steele Dossier.
That’s why the FBI, and later the Mueller team, were/are so strongly committed to, and defending, the formation of the Steele Dossier and its dubious content. Once they had the dossier in hand the FBI proceeded forward for an ex post facto FISA warrant.
The goal was retroactive surveillance authority. The FBI used the Carter Page FISA application. The FBI already knew Carter Page; essentially Carter Page was irrelevant, what they needed was the dossier in the system, and the FISA authority as justification.
Paul Sperry has an interesting article today at Real Clear Politics outlining the amount of expenditures by special counsel Robert Mueller during his two-year investigation. Sperry notes many in DC are wondering who the “contractors” are that were paid by Mueller:
Special Counsel Robert Mueller spent more than $732,000 on outside contractors, including private investigators and researchers, records show, but his office refuses to say who they were. While it’s not unusual for special government offices to outsource for services such as computer support, Mueller also hired contractors to compile “investigative reports” and other “information.” (read more)
Strongly suggest reading the above article.
Sperry outlines the breadcrumb trail which seems to indicate that Glenn Simpson (Fusion GPS) and Chris Steele may have been paid. One of the key aspects lending weight to this likelihood is the part of Mueller’s specific mandate, as delivered by DAG Rosenstein, that the special counsel investigate the claims within the Steele Dossier.
Read the highlighted portion below carefully to understand the scope of Mueller’s mandate. Note the careful wording “the Special Counsel had been authorized since his appointment to investigate allegations”… This means from Day #1 of the special counsel, the scope of the probe was always to investigate the claims within the Ohr/Steele Dossier:
We know the same group of DOJ/FBI investigators transferred from the 2016 Crossfire Hurricane counterintelligence investigation into the 2017, 2018, 2019 Special Counsel investigation; so it only makes sense the same originating sources (Fusion, Simpson and Steele) would be participating in Mueller’s probe.
Accepting the investigation of the DNC-Fusion-Ohr/Steele Dossier was part of the August 2nd, 2017, scope memo (it was); and accepting the same people were involved in the continuance of the investigation (they were); it is not a leap that Glenn Simpson and Chris Steele were contracted by Mueller to keep their efforts underway.
Heck, at this point, as alarming as it might sound, it would be more surprising if Glenn Simpson, Nellie Ohr and Christopher Steele were not contributing members to the investigative group.
The question I have is whether Weissmann and Mueller hired Perkins Coie?
From the beginning most people have thought the Fusion-GPS objective was to dig up dirt on Trump for political exploitation. However, with all the recent information outlined there’s actually a more significant role for Fusion.
The overall intelligence apparatus of the U.S. government was already conducting political surveillance on their political opposition. The systems of the intelligence apparatus such as FISA-702(16)(17) databases searches were being exploited months (if not years) beforehand. When NSA Director Admiral Mike Rogers discovered the use of the database he shut down contractor access on April 18th, 2016.
When Fusion GPS was hired by the DNC and Clinton team, also in April of 2016, it now appears the purpose was to provide cover for government surveillance already taking place. Perhaps part of that motive was fear of what NSA Mike Rogers might do.
The Obama administration (U.S. government intelligence apparatus) needed an external source of information that could cover their domestic surveillance and spy operations. That’s why Fusion GPS was hired, and why emphasis was put on using European and Australian intelligence contacts to create the plausible process to continue surveillance that was always taking place.
This corrupt weaponizing of the U.S. intelligence apparatus is MUCH BIGGER than anyone currently absorbs. The Steele Dossier was an eventual part of the cover-story.
When Peter Strzok and Lisa Page were discussing the “insurance policy” in August 2016, they were not discussing insurance from the perspective of their success, ie. Clinton elected; they were discussing insurance from the position of: if they failed.
If Clinton was elected, great; everything continues as normal. However, if Clinton was not elected the weaponization of government needed a cover story, a plausible legitimate reason for why political surveillance/spying was taking place. This is the insurance policy need…. This is why they needed the Steele Dossier.
Regardless of anything happening to stop them, the intelligence community was conducting surveillance of their political opposition. To validate that surveillance the intelligence community needed a plausible FBI counterintelligence operation. That’s where John Brennan (CIA) comes in.
Brennan manufactured the plausible excuse for an FBI operation to begin through the use of “unofficial channels” via Joseph Mifsud, Stefan Halper and eventually Alexander Downer via an Australian intelligence asset Erika Thompson; who was working in London with U.S. intelligence assets Terrence Dudley and Greg Baker, ie. the “Papadopoulos operation”.
While the overseas operation was working to create plausible explanation and start Crossfire Hurricane, back in the U.S. Fusion-GPS was contracted to supplement the appearances for a domestic parallel track. Fusion ran operations for the Russian appearances inside the U.S., ex. Trump Tower meeting.
For their effort, Fusion was using previously extracted FISA-702(16)(17) results to create more supportive evidence and plausible material. That Fusion effort led to the Steele Dossier.
However, in a similar way the Brennan operation needed the Australian Diplomat Alexander Downer to cross from “unofficial” into “official” channels, the Steele Dossier needs a way to cross from ‘unofficial opposition research‘ into official investigative status.
Enter the Steele Dossier.
The Steele Dossier is the investigative virus the FBI needed. To get the virus into official status, they use the FISA application as the delivery method and injected it into Carter Page. The FBI already knew Carter Page; essentially Carter Page was irrelevant, what they needed was the Dossier in the system {Go Deep}.
With the communication from Alexander Downer (foundation for the EC), in conjunction with the Steele Dossier (foundation for the Page FISA), the CIA and FBI now held a plausible -albeit fraudulently obtained- basis to explain/justify all of their 2015 and 2016 political spying and surveillance activity. This is their insurance policy.
Andrew Weissmann was/is one of the DOJ participants who is well aware of the status of the operations as they proceed. In 2016 and 2017 Weissmann is being briefed by DOJ official Bruce Ohr who is carrying messages from Fusion-GPS and Chris Steele into the FBI.
If Hillary wins the election, everything just evaporates into the ether. However, if Hillary loses the election – the fraudulent investigative evidence now protects all of the players for their role in weaponized intelligence spying and surveillance operations.
Fraudulent justifications.
Just like the Susan Rice justification Memo, fraudulent justifications are what’s behind those paragraphs in the Rosenstein scope memos as delivered to Weissmann and Mueller.
Fusion GPS was not hired to research Trump, the intelligence community was already doing surveillance and spy operations. The intelligence community needed Fusion GPS to give them a justification for already existing surveillance and spy operations.
See the difference?
Fusion-GPS gave them the justification they needed with the Steele Dossier.
That’s why the Steele Dossier is so important in the scope memos.
So yeah, with the Dossier representing the simultaneous importance and risk to the Special Counsel and corrupt DOJ and FBI officials…. damn right Weissmann and Mueller likely retained Fusion-GPS and Chris Steele.
Earlier today President Trump celebrates with Major League Baseball champions Boston Red Sox at the White House. [Video and Transcript]
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[Transcript] South Lawn – 3:44 P.M. EDT – THE PRESIDENT: Well, there’s nothing like the White House. And a little rain is okay. We might wipe out a suit, but that’s all right, too. It’s raining a little bit, fellas. Nobody told me about that. You don’t need umbrellas, I know that.
Well, good afternoon. It’s my pleasure to welcome to the White House the 2018 World Series Champion, the Boston Red Sox. A very special group of people. (Applause.) A very special team. Thank you.
With us this afternoon are some of your biggest fans in my administration and on Capitol Hill, including Administrator Andrew Wheeler. Where’s Andrew? Andrew? A lot of deputy secretaries. A very great senator, Senator Tom Cotton. Tom. Ah, look at that beautiful boy is a big fan — right, Tom? Tom was a good player.
We’re also delighted to be joined by the senior leadership of Fenway Sports Group and the Boston Red Sox, John Henry. A great, great businessman. John, thank you very much. (Applause.) Great businessman.
Tom Werner, a man who has done a fantastic job in life. Where the hell is he? Tom. (Laughter and applause.) Mike Gordon, Sam Kennedy, and David Dombrowski. Thanks, fellas. Fantastic. (Applause.) Fantastic job. Great. To all the coaches and players of the Red Sox: Congratulations on your incredible victory.
The team has just come from the Walter Reed National Military Medical Center, where they visited our wounded heroes and wounded warriors. (Applause.) And they believe very strongly in that.
I want to thank the entire Red Sox organization for your longstanding support for those American service members who have suffered the wounds of war to keep our country safe and strong and free. And we’ve never had a stronger military, right now. This is the strongest it’s been — $716 billion we spent last year, John. That’s a lot of money, even for you, right? Would you say? (Laughter.) That’s a lot of money.
Over the course of the 2018 season, the Red Sox were — frankly, they were unstoppable. I watched. You outscored your opponents by 229 runs and won 108 games in the regular season — the most in Red Sox history. (Applause.) You’ve got a lot of fans over here. You’ve got a lot of fans, huh? That’s a lot of fans they have.
In the playoffs, you bested your archrival, the Yankees. (Applause.) I think I’ll be a neutral on this one, huh? (Laughter.) But you did. You beat them, and beat the defending champions, the Astros — another great team — taking home the American League pennant and clinching a spot in the World Series.
After taking a two-game lead at historic Fenway Park to start the Series, you headed to Los Angeles for Game 3. I was at Fenway Park; I threw out the first pitch a long time ago. And George Steinbrenner was not happy about it. (Laughter.) That cooled my relationship with him for about two days. But he forgot about it. That was good.
But you headed to Los Angeles for Game 3. For 7 hours and 20 minutes, you faced the Dodgers in one of the most exciting games in postseason history.
It was in the 12th inning that relief pitcher Nathan Eovaldi — where’s Nathan? (Applause.) Where is Nathan? That was — that was a good job he did. Did you ever see such good-looking people behind me, too? (Laughter.) Not the owners; forget the owners. (Laughter.)
He stepped up to the mound. Over the final seven innings, Nathan threw 97 pitches, allowed only 3 hits, and struck out 5 batters. Nathan, that’s a great performance. We watched it. It was a dominant performance. Congratulations. (Applause.)
MR. EOVALDI: Thank you.
THE PRESIDENT: Though you ultimately lost Game 3 by a single run, Eovaldi’s tremendous effort inspired the whole team. You knew what a World Series victory was, you knew it was in reach, and you didn’t want to do anything to blow it. And that’s what happened.
But then in Game 4, after the Dodgers scored four unanswered runs, things were looking very grim. In the dugout, your starting pitcher, Chris Sale — who, by the way, last night, struck out 14 batters. (Applause.) That’s pretty good, right? No, I said, “How’s Chris doing?” “Well, he struck out 14 last night.” I said, “Fourteen?” I never heard about 14. I said, “Was that your best?” He said “No.” Fifteen is your best, right? (Laughter.) That’s called a power pitcher, by the way.
In the dugout, your starting pitcher, Chris, decided to give the team a little pep talk. Are you an emotional guy? Pretty much, huh? Because I heard it was a hell of a pep talk. Give us a little pep talk every once and a while. (Laughter.)
With great passion, Chris shouted, pointed to the field, and rallied the Red Sox. And, Chris, I know what you said. I heard little things about your — what you said. And we have children here, so I’m not going to talk about it. (Laughter.) But it worked. It really worked.
World Series MVP Steve Pearce tied it up. (Applause.) He tied it up and — with a home run. You’re doing well this year? Pretty well this year, right? Huh? (Laughter.) He’s doing well this year. When it counts, he really does well. Those are the ones we really like, huh? Followed by three RBIs in the ninth, the Sox won — 9 to 6 — and never looked back.
Chris Sale then returned to the mound for the final game. With two outs and a one-and-two count in the bottom of the ninth, against a great hitter, Sale stared down the batter, wound up, and delivered an amazing slider. Was that a slider? (Laughter.) You gave up the fastball? And the batter went down swinging and the Red Sox won the World Series. (Applause.) Right? It’s pretty good, huh? It’s pretty good.
In 2004, the Red Sox achieved their first World Series victory in 86 years. You quickly won two more in 2007, 2013. With your victory over the Dodgers, you now have won more World Series than any other team in this century. That’s pretty good, huh? (Applause.) Must be the ownership, too. I don’t know. I know these owners are great.
In the same period, Boston teams have won six Super Bowls, as well as an NBA and an NHL championship. And this has to be a great time for Boston’s fans. If you think of it, what Boston has done in a short period of time is pretty amazing — in a lot of ways, but in sports, certainly. Congratulations. That’s great.
Each Red Sox player is a shining example of excellence, living out an American sporting tradition that goes back many generations. From the open fields of our rich farmlands to the playgrounds and the vacant lots of our great cities, kids everywhere learn to catch fly balls, swing for the fences, and race to home plate. Baseball is truly America’s pastime.
I love it. I don’t know — I guess everyone out there loves it. You wouldn’t be here if you didn’t. But I love it. It’s a special — it’s a special game, a special sport. I played on a slightly different level. It’s called “on high school.” A little different level, but every spring I loved it. The smell in the air, right? Does that make sense? The smell in the air, right? It’s an amazing feeling.
Through every pitch, inning, game, and series, the 2018 Red Sox never gave up and never backed down. You always played like champions. This is a great champion right here, too. This is some champion. I want to congratulate you all on your spectacular victory.
And I just want to have Chris Sale and J.D. Martinez — two outstanding players and athletes and people — come up and say a few words. And then, after that, I’m going to take — unless the team doesn’t want to do it — you know, they never get to see Lincoln Bedroom. It’s like, sort of, you’re not supposed to be showing it. So if the press, the media, doesn’t report me for this, I’m going to take them up and show them the Lincoln Bedroom. They wanted to see the Lincoln Bedroom. So I’m going to give the tour myself. Okay? (Laughter.)
But, J.D., if you and Chris would come up and say a few words. Thank you. Thank you very much. Great job. (Applause.)
Thank you, Chris. Please.
MR. SALE: Well, Mr. President, on behalf of the Boston Red Sox organization, we’d like to thank you for having us here to celebrate our 2018 World Series Championship team. We’d like to thank our — obviously, our spouses, our family members, and friends, and our fans for coming here. This is a very high honor. It’s something that we appreciate very highly. And thank you again.
THE PRESIDENT: Thank you very much. Congratulations. (Applause.)
MR. MARTINEZ: I just want to say thank you, Mr. President, for this once in a lifetime opportunity to be honored today here at the White House. And I know celebrating a Red Sox victory is tough for you, given that you’re a Yankee fan and all. (Laughter.)
But we really want to say thank you for your hospitality today. And we brought you a gift: this Red Sox jersey.
THE PRESIDENT: Wow.
MR. MARTINEZ: For you.
THE PRESIDENT: Beautiful. Thank you very much. (Applause.)
MR. MARTINEZ: Thank you.
MR. HENRY: Well, once again, I want to congratulate this group of men who — and women — who put together the best Red Sox team in history last year. And I — (applause) — thank you.
But, of course, we — we would not have been successful over the years in winning these titles without the fans of the Red Sox who are global. We often hear and see service men who are serving across the world who are tuning in to Red Sox games. And it’s a truly remarkable phenomenon around the world and throughout the United States that — how loyal and how committed Red Sox fans are. And they’re the reason that we have the resources to be successful.
And thank you, Mr. President, for this honor today. It really is an honor. And thank you.
THE PRESIDENT: Thank you very much, John. Thank you, fellas. (Applause.)
So, again, I want to thank everybody for being here. A very, very special group. And I want to thank the families of the players — because without the families, it just wouldn’t work. You know that. They wouldn’t be up here. It would never work.
Thank you all for being here. It’s a tremendous honor to have you in the White House. And we’re going to look at the Lincoln Bedroom. (Laughter.) Thank you. Thank you everybody. (Applause.)
The Southern District of New York has released a criminal complaint to accompany the seizure of a North Korean freighter “Wise Honest” (Full pdf below). The freighter was seized by Indonesian authorities on/around April 2, 2018 [media story here]. However, the background story of Wise Honest is more interesting.
The indictment outlines how the freighter was used to transport coal from North Korea to China and Russia and back-haul heavy equipment from Chinese ports into the DPRK. However, the transport network changed with the timing of increased sanctions on the DPRK. Simply, the ship was routed to avoid being caught for violating sanctions.
The indictment also outlines how Chinese entities in Hong Kong assisted with routing the vessel to avoid maritime surveillance. There’s an aspect here that overlays a prior set of CTH discussions surrounding U.S. Navy training for a potential U.S. maritime blockade.
You might remember November 2017 CTH discussions about U.S. vessels conducting training exercises in/around shipping lanes. In 2017 and 2018 there were some maritime collisions that seemed to align with the possibility of these training exercises. In June 2017 The USS Fitzgerald was one such example near the coast of Japan.
On page 19 of the indictment the DOJ outlines how vessel Wise Honest was turning off their “Automated Identification System” (AIS), which is the automatic beacon that transmits their location to other surface vessels via satellite.
An interesting coincidence given the previous discussions on those 2017 Pacific shipping lane maritime collisions.
This is the big one. This is the inflection moment. Tonight around 5:00pm Chinese Vice-Chairman Liu He will engage with team U.S.A. on the substantive issues around the future of the U.S-China trade relationship. Trillions at stake.
At midnight tonight the tariffs on Round One of Chinese goods are scheduled to increase from 10 percent to 25 percent. Round Two is yet determined. The background for the disposition of TEAM USA was outlined HERE.
Mnuchin – Trump – Lighthizer and Ross
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnunchin previously worked a 150-page outline agreement with China on seven chapters of trade issues covering: Theft of U.S. intellectual property; protection for trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation. Last week China reversed course on all of the substantive agreements.
Today Vice-Chairman Liu He is going to try to justify to President Trump why China can no longer accept the commitments they made over the past three months.
It cannot be overstated how everything in/around DC must first be filtered through the prism of this inflection point. At the heart of U.S. politics, the majority of the Senate Chamber is aligned with the Chinese through purchased multinational lobbying interests. Again, there are trillions at stake. Wall Street through K-Street has paid the Big Club to defend their multinational/financial interests from President Trump.
BEIJING (Reuters) – China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff hikes set to be triggered on Friday.
The two sides had appeared to be converging on a deal until last weekend, when U.S. President Donald Trump announced his intention to raise tariffs with his negotiators saying that China was backtracking on earlier commitments.
“The U.S. side has given many labels recently, ‘backtracking’, ‘betraying’ etc…China sets great store on trustworthiness and keeps its promises, and this has never changed,” Commerce Ministry spokesman Gao Feng said on Thursday.
[…] Gao said the decision to send the delegation led by Vice Premier Liu He to Washington despite the tariff threat demonstrated China’s “utmost sincerity”.
“We hope the U.S. can meet China halfway, take care of each others’ concerns, and resolve existing problems through cooperation and consultations,” he said.
Gao urged the United States to eschew unilateral action, while warning China was fully prepared to defend its interests.
“China’s attitude has been consistent and China will not succumb to any pressure. China has made preparations to respond to all kinds of possible outcomes.” He did not elaborate.
U.S. government and private sector sources previously told Reuters that a draft trade agreement was riddled with reversals by China that undermined core U.S. demands.
In each of the seven chapters of the draft, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: Theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation.
The stripping of binding legal language from the draft struck directly at the highest priority of U.S. Trade Representative Robert Lighthizer – who views changes to Chinese laws as essential to verifying compliance after years of what U.S. officials have called empty reform promises. (read more)
President Trump also stated his willingness to levy Round-Two tariffs on an additional $325 billion of China’s goods; layered on top of the $250 billion of its products already outlined.
Since July 2018, China has cumulatively imposed counter-tariffs of up to 25 percent on about $110 billion of U.S. products. China last levied tariffs, of 5 percent to 10 percent, on $60 billion U.S. goods including liquefied natural gas and small aircraft in September ’18.
Based on 2018 U.S. Census Bureau trade data, China only has about $10 billion in U.S. imports left to levy in retaliation for further U.S. tariffs, including crude oil and large aircraft.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 