Good interview between Fox Business’ Maria Bartiromo and former White House trade official Clete Willems. Essentially Willems confirms the current outlook of the Trump administration that a deal with China is not likely in the short-term; however, Willems is optimistic of the probability in the longer term (as China realizes consequences).
The financial media still doesn’t get it… Obviously! Transfixed and jaw-agape at seemingly at-odds aspects to a new engagement with Beijing, the MSM financial media are clueless. They are genuinely disconnected, and have no idea what is going on.
The majority of financial pundits are perplexed at what they can see on the surface. USTR Robert Ligthizer and Treasury Secretary Steven Mnuchin are beginning discussions with Beijing. Meanwhile President Trump’s tweets seem to dismiss the potential of the deal-making. The media call this mixed-messaging; however, that’s not what this is.
Secretary Wilbur Ross was very insightful last week when he also spoke of the current U.S. perspective toward the U.S-China trade negotiation. If you have followed the basic road-map of America-First trade policy, there’s was a very clear picture. However, as we expected, most pundits and trade analysts ignored the administration message.
Commerce Secretary Ross warned the professional investment class when he said the current objective for Mnuchin and Lighthizer was to find out if Beijing is willing to re-engage from the starting point where they left-off when talks collapsed.
That was a big tell.
After weeks of phone calls and staff contacts if the U.S. team didn’t know the answer to that question, well, there’s almost zero likelihood of any optimistic outlook.
In essence, the only value within the current engagement is financial ‘optics’ to stabilize stock markets.
It has been clear -validated by the G20 outcome- that President Trump is not going to accept anything less than a full and complete structural change in the U.S. trade position with China. Lighthizer’s severe compliance and enforcement clauses, specific to each unique trade sector, are non-negotiable.
There’s only a very small chance a trade deal with China will be reached. The reforms within the original Lighthizer and Vice-Premier Liu He agreement were antithetical to Beijing. Chairman Xi Jinping and the communist politburo rejected them. For Beijing the compliance and enforcement sections within the agreement were too severe and did not allow China to retain control over the trade terms. The agreement was rejected.
President Trump understands Chairman Xi is looking at this as a zero-sum position. As a consequence it’s not a matter of “if” Trump will apply more tariffs; it is a matter of “when” will Trump apply the tariffs.
That said, there’s no duplicity in the U.S. Position. Mnuchin and Lighthizer are earnestly working in good faith; but President Trump is expecting ‘no deal’.
When President Trump expresses that hardened position, just accept it – and then look around at what else he is positioning to counteract that expectation/result.
Tariffs on China are coming; the question is the scale and timing. It’s likely Trump won’t strike against Chairman Xi until the USMCA is ratified.
That’s why October 21st, 2019 is important. That’s the Canadian election. If Justin from Canada loses his re-election, Speaker Pelosi cannot hold out on the USMCA until after the 2020 election.
Mexico has already ratified the USMCA. If Justin loses the next Canadian election, his successor will assuredly ratify the USMCA quickly. Nancy Pelosi cannot hold out if Mexico and Canada have both ratified.
Once the USMCA is set, there’s no motive for a low China tariff targeted to gain leverage toward a deal that would avoid higher tariffs. In this landscape there is no deal possible; therefore the scale of the tariffs against China will be very significant. My best guess is 25 percent on everything, based on: (A) the continued devaluing of currency and subsidies that Beijing is pre-committed to; and (B) Trump’s message about that manipulation.
President Trump is positioning for an economic platform in 2020 with specific deliverables. Trade and tariffs with China + the USMCA + trade and tariffs on the EU + the possibility of an independent U.K trade deal…. all adds up to massive net American economic value that will extend for decades. It’s like a series of dominoes.
The USMCA changes the global dynamic of how multinationals will gain access to the U.S. market. That kicks off a series of geopolitical moves. I firmly believe the U.S-Japan deal is already worked out. Lighthizer, Ross, Mnuchin and Navarro didn’t spend all that time with Japan in the month ahead of the G20 meeting in Osaka for nothing.
Think of China like a big lake filled with U.S. economic value. Through his Asian discussions with Vietnam, S Korea, Malaysia, Singapore, Australia, Japan, et al, President Trump has stealthily built a thin levy, an ASEAN dam of sorts, that will direct the China lake of economic value into Southeast Asia.
Once the USMCA is signed, Trump will blow the dam by triggering the tariffs. The exodus will benefit those who partnered with Trump.
You think it’s an accident that Australian Prime Minister Scott Morrison is scheduled to come to the U.S. as an official state guest of President Trump on Sept. 20th?
President Donald Trump delivers remarks at the Jamestown Settlement for the 400th Anniversary of the First Representative Legislative Assembly in Williamsburg, Virginia. Anticipated start time 11:30am EST
VIDEO and Transcript ADDED
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[Transcript] – THE PRESIDENT: Thank you. (Applause.) Thank you very much. Please, make yourselves comfortable.
I want to thank you, Speaker Cox. It’s a true privilege to be back in the great Commonwealth of Virginia. (Applause.) And it’s a tremendous honor to stand on these historic grounds, as the first President to address a joint session of the oldest lawmaking body in all of the Western Hemisphere, the Virginia General Assembly. Congratulations. (Applause.)
On this day 400 years ago, here on the shores of the James River, the first representative legislative assembly in the New World convened. By the devotion of generations of patriots, it has flourished throughout the ages. And, now, that proud tradition continues with all of you.
To every Virginian and every legislator with us today, congratulations on four incredible centuries of history, heritage, and commitment to the righteous cause of American self-government. This is truly a momentous occasion. (Applause.)
I want to thank the Governor of Virginia for inviting me to speak at this very important event. And with us this morning are many distinguished guests and officials from across the Commonwealth, including Lieutenant Governor Justin Fairfax. Thank you very much. (Applause.) Speaker Kirk Cox. Thank you, Kirk. (Applause.) Senate Majority Leader Tommy Norment. Thank you. Tommy, thank you. (Applause.) And members of the host and other federal, state, local, and tribal leaders all with us today. Thank you very much. (Applause.)
We’re also very thankful as well to have with us Secretary Ben Carson. Ben, thank you very much, wherever you may be. (Applause.) Thank you, Ben. And Acting Director — a person that you know very well — Acting Director Ken Cuccinelli. (Applause.) Spent a lot of time with you folks and has a lot of respect for you. And the terrific people at the Department of the Interior and the National Park Service. I want to thank you all for being here with us. It’s a great honor. (Applause.)
I also want to recognize everyone at American Evolution, and the Jamestown Settlement, the Jamestown-Yorktown Foundation, the Jamestown Rediscovery Project, and Preservation Virginia. Thank you very much. What a great job you do. Thank you. (Applause.) The fact is that each of you has helped protect and preserve our national treasures here at Jamestown, and it’s a great debt. We owe you a great, great debt. Thank you. What a job.
On this day in 1619, just a mile south of where we are gathered now, 22 newly elected members of the House of Burgesses assembled in a small wooden church. They were adventurers and explorers, farmers and planters, soldiers, scholars, and clergymen. All had struggled, all had suffered, and all had sacrificed in pursuit of one wild and very improbable dream. They called that dream “Virginia.” (Applause.)
It had been only 13 years since three small ships — the Susan Constant, the Godspeed, and the Discovery — set sail across a vast ocean. They carried 104 settlers to carve out a home on the edge of this uncharted continent. They came [DEL: from :DEL] [for] God and country. They came in search of opportunity and fortune. And they journeyed into the unknown with only meager supplies, long odds, and the power of their Christian faith.
Upon reaching Cape Henry, at the mouth of the Chesapeake Bay in 1607, a long time ago, the first men of the Virginia Company erected a cross upon the shore. They gave thanks to God and they asked His blessing for their great undertaking. In the months and years ahead, they would dearly need it. The dangers were unparalleled.
The Jamestown settlers arrived in America amid one of the worst droughts in over seven centuries. Of 104 original colonists, 66 died by the year’s end. During the third winter, known as the “Starving Time,” a population of up to 500 settlers was reduced to 60.
By spring, those who remained were in search of whatever they could get to survive, and they were in dire trouble. They left Jamestown deserted. They just sailed away, never to come back. But they had not gone far down the James River when they encountered the answer to their prayers: ships bearing a year’s worth of supplies and more than 300 new settlers. As we can see today on this great anniversary, it would not be the last time that God looked out for Virginia.
Together, the settlers forged what would become the timeless traits of the American character. They worked hard. They had courage in abundance and a wealth of self-reliance. They strived mightily to turn a profit. They experimented with producing silk, corn, tobacco, and the very first Virginia wines.
At a prior settlement at Roanoke, there had been no survivors — none at all. But where others had typically perished, the Virginians were determined to succeed. They endured by the sweat of their labor, the aid of the Powhatan Indians, and the leadership of Captain John Smith.
As the years passed, ships bearing supplies and settlers from England also brought a culture and a way of life that would define the New World. It all began here. In time, dozens of brave, strong women made the journey and joined the colony.
And in 1618, the Great Charter and other reforms established a system based on English common law. For the first time, Virginia allowed private land ownership. It created a basic judicial system. Finally, it gave the colonists a say in their own future: the right to elect representatives by popular vote.
With us today, in tribute to that English legal inheritance, is the former Clerk of the British House of Commons, Sir David Natzler. Thank you, David. (Applause.) Sir David, we are thrilled to have you with us. Thank you very much for being here. Thank you very much, David.
At that first American assembly in 1619, the weather was so hot that one legislator actually died. Mercifully, the session was cut very short. But before adjourning, the assembly passed laws on taxation, agriculture, and trade with the Indians.
With true American optimism, the assembly even endorsed a plan to build a world-class university in the still rugged wilderness. It was a vision that would one day be fulfilled just miles from here at one of America’s earliest educational institutions, the esteemed College of William and Mary. Great place. (Applause.) Great place.
As we mark the first representative legislature at Jamestown, our nation also reflects upon an anniversary from that same summer four centuries ago. In August 1619, the first enslaved Africans in the English colonies arrived in Virginia. It was the beginning of a barbaric trade in human lives. Today, in honor, we remember every sacred soul who suffered the horrors of slavery and the anguish of bondage.
More than 150 years later, at America’s founding, our Declaration of Independence recognized the immortal truth that “all men are created equal.” (Applause.) Yet, it would ultimately take a Civil War, 85 years after that document was signed, to abolish the evil of slavery. It would take more than another century for our nation, in the words of Reverend Martin Luther King, Jr., to live out “the true meaning of its creed” and extend the blessings of freedom to all Americans. (Applause.)
In the face of grave oppression and grave injustice, African Americans have built, strengthened, inspired, uplifted, protected, defended, and sustained our nation from its very earliest days. Last year, I was privileged to sign the law establishing a commission to commemorate the arrival of the first Africans to the English colonies, and the 400 years of African American history that have followed. That was an incredible day. That was an incredible event.
Today, we are grateful to be joined by that commission’s chairman, Dr. Joseph Green. Thank you, Dr. Green. Please. (Applause.) Thank you. Thank you very much, Dr. Green.
In the decades that followed that first legislative assembly, the democratic tradition established here laid deep roots all across Virginia. It spread up and down the Atlantic Coast. One fact was quickly established for all time: In America, we are not ruled from afar. Americans govern ourselves, and so help us God, we always will. (Applause.)
Right here in Virginia, your predecessors —
AUDIENCE MEMBER: Mr. President, you can’t send us back! Virginia is our home! Mr. President, you cannot send us back! Virginia is our home!
AUDIENCE: Booo —
Trump! Trump! Trump!
THE PRESIDENT: Thank you very much. Thank you.
Right here in Virginia, your predecessors came to Williamsburg from places you all know very well. They were names such as George Washington from Fairfax County; Thomas Jefferson from Albemarle County; James Madison from Orange County; James Monroe from Spotsylvania County; Patrick Henry from Louisa County; George Mason from Fairfax County; George Wythe — it’s a great name — from Williamsburg; and Richard Henry Lee from Westmoreland County. Incredible names. Incredible names. (Applause.)
Self-government in Virginia did not just give us a state we love. In a very true sense, it gave us the country we love: the United States of America. So true. Thank you very much. (Applause.)
When Madison drafted the First Amendment to our Constitution, he drew inspiration from Virginia’s Statute for Religious Freedom.
As John Adams wrote in Philadelphia just before the adoption of the Declaration of Independence, “We all look up to Virginia for examples.” Great. It’s great. (Applause.)
And when Patrick Henry rose to speak his famous words at St. John’s Church in Richmond, “Give me liberty, or give me death!” he spoke in defense of a tradition that began more than 150 years before at Jamestown. Right here. (Applause.) It was a heritage those patriots would fight a long war of independence to defend. And it is a heritage that countless Americans have fought and died for to secure in all of those centuries since.
In our time, we must vigorously defend those cherished democratic traditions that have made our beloved republic the envy of the entire world — and it still is, as much as ever before, and maybe more. Our hard-won culture of self-government must be nourished, protected, and constantly preserved. That is why we must speak out strongly against anyone who would take power away from citizens, individuals, and state governments such as yours. (Applause.)
In America, the people will forever rule, the people will forever reign, and the people will forever be sovereign. (Applause.)
From the first legislative assembly down to today, America has been the story of citizens who take ownership of their future and their control of their destiny. That is what self-rule is all about: everyday Americans coming together to take action, to build, to create, to seize opportunities, to pursue the common good, and to never stop striving for greatness. (Applause.)
Four centuries ago, one early voyager to Jamestown captured the spirit of confidence and daring that has always powered our great experiment in self-government. He wrote, “We hope to plant a nation where none before hath stood.” That was something.
In that hope, the men and women of Jamestown achieved success beyond anything they could possibly have imagined. They started the nation that settled the wilderness, won our independence, tamed the Wild West, ended slavery, secured civil rights, invented the airplane, vanquished the Nazis, brought communism to its knees, and placed our great American flag on the face of the moon. (Applause.)
And in a program that has just started, someday very soon, American astronauts will plant our beautiful Stars and Stripes on the surface of Mars. (Applause.)
But among all of America’s towering achievements, none exceeds the triumph that we are here to celebrate today: our nation’s priceless culture of freedom, independence, equality, justice, and self-determination under God. (Applause.) That culture is the source of who we are. It is our prized inheritance. It is our proudest legacy. It is among the greatest human accomplishments in the history of the world. What you have done is the greatest accomplishment in the history of the world, and I congratulate you. It started right here. (Applause.)
Now, we must go bravely into the future, just as those bold explorers first ventured into this majestic land. We must call upon the same scale of imagination, the same thirst for knowledge, the same love of adventure, the same unrelenting courage, and the same total determination to prevail.
Above all, we must be proud of our heritage, united in our purpose, and filled with confidence in our shared, great, great, great American destiny. (Applause.)
For, in America, no challenge is too great, no journey is too tough, no task is too large, no dream is beyond our reach. When we set our sights on the summit, nothing can stand in our way. America always gets the job done. America always wins. (Applause.)
That is why, after 400 years of glorious American democracy, we have returned here to this place to declare to all the world that the United States of America and the great Commonwealth of Virginia are just getting started. (Applause.) Our future is bigger, bolder, better, and brighter than ever before. (Applause.)
It’s been a great honor for me to be with you this morning. I’d like to thank you. God bless you, God bless Virginia, and God bless America. Thank you very much everybody. Thank you. (Applause.)
The Trump administration ends President Obama’s moratorium on federal death penalty executions, despite concerns about racial disparities on death row. While the move changes the method of lethal injection to reduce pain — following the Texas model — the risk of executing an innocent person remains. What’s the role of capital punishment in an advanced, humane, society? Should small government Constitutional conservatives endorse the federal government’s ultimate power to wield the sword against its own citizens?
Earlier this morning President Trump delivered remarks during a rose garden bill signing for H.R. 1327, the Sept. 11th Victim Compensation Fund. [Video and Transcript]
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[Transcript] – THE PRESIDENT: Thank you very much. Well, thank you very much, everybody. Please, sit down. Very important day. And we’re gathered this morning at the White House to honor our solemn duty to America’s best, bravest, and finest, who I know so well. In a few moments, I will sign a bipartisan bill to fully reauthorize the 9/11 Victims Compensation Fund. So, the 9/11 Victims Compensation Fund is something you’ve all worked on very hard, and the day has come.
Today, we come together as one nation to support our September 11th heroes, to care for their families, and to renew our eternal vow: Never, Ever Forget.
Before I go further, this morning we express our deepest sadness and sorrow for the families who lost a precious loved one in the horrific shooting last night in Gilroy, California. While families were spending time together at a local festival, a wicked murderer opened fire and killed three innocent citizens, including a young child. We grieve for their families and we ask that God will comfort them with his overflowing mercy and grace. We’re praying for those who are recovering right now in the hospital. Some very, very serious injuries.
We thank the brave members of law enforcement — they never let us down — who swiftly killed the shooter. We reaffirm our national will to answer violence with the courage, determination, and resolve of one American family. We will continue to work together as communities and as citizens to stop evil, prevent violence, and protect the safety of all Americans.
We’re joined for today’s ceremony by our wonderful Vice President, Mike Pence. Thank you, Mike, very much. Thank you. (Applause.) Along with many distinguished guests.
I want to begin by recognizing a leader many of you know very well. On September 11th, he declared, “The city of New York and the United States of America is much stronger than any group of barbaric terrorists…our strength and our willingness to defend ourselves will ultimately prevail.” And he was right. A great mayor of the city of New York — our greatest mayor, in my opinion. Now, what do I know? (Laughter.) Rudy Giuliani. Stand up, Rudy. (Applause.) Great job, Rudy. Great job. Rudy has got a lot of guts.
Thanks also to Deputy Attorney General Jeffrey Rosen for being here. Thank you, Jeff. Thank you very much. Along with Senator Deb Fischer and Representatives Michael Burgess, Chris Collins, Brian Fitzpatrick, Peter King, John Joyce, Mark Meadows, and Dan Meuser. Please stand up, fellas. Please. (Applause.) Thank you very much. Thank you. Thank you, Peter.
In the wake of the September 11th attacks, courageous Americans raced into smoke, fire, and debris in lower Manhattan, the Pentagon, and a field in Shanksville, Pennsylvania. The whole world witnessed the might and resilience of our nation in the extraordinary men and women of the New York Fire Department and the New York Police Department, selfless patriots of unmatched character and devotion. I grew up with them so I can tell you that’s absolutely true. It’s always nice to really know your subject. I know that subject. These are great people.
We also commemorate the heroes of the Port Authority Police. And I want to thank you all for being here. Tremendous people. The first responders from across the country rushed to New York and worked endless days and sleepless nights. They fought to rescue every person trapped in the rubble, and then searched for months to find the remains of the fallen.
The love and loyalty of our 9/11 responders knew no bounds. Today, we are deeply honored to be in the presence of more than 60 of these exceptional heroes. They answered terror with the emotional strength of true American warriors. Would every 9/11 responder please stand up? Please, all you first responders. (Applause.) Wow. Great. Thank you. Thank you, fellas. Great-looking group of people you are. Great-looking group of people. Thank you very much. You inspire all of humanity, and you know that.
We’re also greatly moved to have with us families of our fallen heroes. Our nation owes each of you a profound debt that no words or deeds will ever repay. But we can and we will keep our nation’s promise to you.
In a few moments, I will sign the 9/11 Victims Compensation Fund. This law makes permanent the financial support for families who lost precious loved ones as a result of September 11th attacks. It also provides pensions for those who are suffering from cancer and other illnesses stemming from the toxic debris they were exposed to in the aftermath of the attacks. Many of those affected were firefighters, police officers, and other first responders. And I was down there also, but I’m not considering myself a first responder. But I was down there. I spent a lot of time down there with you.
Since September 11th, we have lost more than 2,000 first responders and survivors to 9/11-related cancers and illnesses. Currently, thousands of men and women are battling cancer and other illnesses due to 9/11. We pledge to stand by the families of those affected, today and every day. We will stand with you.
I want to thank lawmakers in both parties for working with common purpose to pass this vital and critical legislation.
Here with us for this signing ceremony are the three families whose loved ones are memorialized in the title of this bill.
New York Police Department Detective James Zadroga spent more than 450 hours serving at Ground Zero. In 2006, James died from a lung disease. To his father Joseph, and his daughter Tyler Ann, who join us: Detective Zadroga’s heroism will uplift our nation forever. He won’t be forgotten. We will always remember what he did for us. Please stand up. Please. Please. (Applause.) Thank you. Thank you very much.
Also present today is the family of East Meadow Volunteer Firefighter Ray Pfeifer. I know East Meadow very well. Great place. Great people. For eight months, Ray worked constantly at Ground Zero. In 2017, at the age of 59, he died from cancer.
Here with us today is Ray’s wife Caryn, his daughter Taylor, and his son Terence, now a New York City firefighter. Please, stand up. (Applause.) Good. Very good. Thank you. And I know Ray must be watching over you, looking down right now from heaven, on this beautiful Rose Garden. Very, very proud of you. Thank you. Thank you very much.
The third namesake of the bill is New York City Detective Luis Alvarez. Last month, his powerful testimony in Congress touched the heart of our nation. A few days later, he passed from this life into eternity. We are privileged to have with us Detective Alvarez’s brother Philip and his wife Alaine, and his sons Tyler and Ben. Please, stand. Please. Please. Thank you. (Applause.) Thank you. Thank you very much. Thank you very much.
I want each of you to know that America is holding you in the arms of its wonderful, wonderful heart. And we’re all grieving by your side. Our whole nation prays and pays tribute to the incredible life and legacy of Detective Alvarez — how hard he worked and how much he suffered. And we really want to thank him. He was really something. People understood it very well. It’s really great. Thank you.
We have an obligation, and it’s a sacred obligation, to the families and first responders of 9/11.
Here with us today is Chief John Joyce, former fire chief of the Midtown Manhattan firehouse. On September 11th, 15 of his men raced into the ashes of hell and gave their lives. To this day, Chief Joyce still mentors many of their 28 children.
Chief Joyce spent seven months working at Ground Zero. In 2011, he was diagnosed with cancer. He has also endured other severe 9/11-related illnesses. But the Chief is a fighter. He is definitely a fighter. As he says, because of this bill, he does not have to fear for the families of his firehouse whose loved ones made the ultimate sacrifice. Chief Joyce, you have our everlasting gratitude. Please, Chief. Thank you. Good. (Applause.) Thank you, Chief. Thank you for being here. And say hello to everybody.
To every 9/11 hero, you poured out your heart, your sweat, your soul, and everything you had for your country. You ran toward the wreckage, into a ball of flames, like, frankly, nobody in this country had ever seen. You searched for survivors. You went back day after day and night after night to save lives and return the fallen to their families, to rebuild and recover, and to show the entire world that nothing will ever break America’s spirit.
Over the last two decades, you have endured hardship with amazing grace and incredible grit. Through it all, you care and you work, and you love, and you will always remember all of those great families. You lift up our communities and you remind us all what it means to stand united as “one nation under God.”
For your entire lives, you have gone far beyond your duty to us, and today we strive to fulfill our sacred duty to you.
We love you. We honor you. And we thank you. God bless you all. Thank you. (Applause.) Thank you.
Now I’m going to sign this bill into law. And I don’t know if the stage will hold it, but if it doesn’t, we’re not falling very far. But I’d like to ask the families and I’d also like to ask the first responders to come up, and we’ll give — we’ll give this stage a shot. Let’s see how well built. Made in America. Let’s see how well built it is. Okay? Come on up.
(The bill is signed.)
(Applause.) Thank you, everybody. Thank you very much.
Newly elected conservative party head and U.K. Prime Minister Boris Johnson attended his first meeting of Parliament and took direct aim at the insufferable Labor party leftist, Jeremy Corbyn. There’s been a lot of shaking things up in the first week…
Boris Johnson’s move into Downing Street has led to a surge in support for the Conservatives, an exclusive Mail on Sunday poll has found. (read more)
President Trump spoke yesterday with Prime Minister Johnson on the phone. The president relayed the phone call to the media when questioned:
THE PRESIDENT: Well, you know why your timing is good? Because I spoke to him about — how long have you been here? Sixteen minutes. I spoke to him 17 minutes ago. I hung up the phone as you were coming in.
And he’s a good guy. He’s a friend of mine. I think we’re going to have a great relationship. And Boris is going to be a great Prime Minister. I predict he will be a great Prime Minister. He has what it takes. They needed him for a long time. UK needed him for a long time. And —
Q Would you — would you invite him here?
THE PRESIDENT: — let’s see what happens. Yeah, he’ll – he and I will spend a lot of — we just spent a lot of time when I was with the Queen in one of the great, most beautiful couple of days that I’ve ever experienced. She’s a tremendous woman. Incredible woman. We get along very well.
So, Boris and I just spoke. I congratulated him. And he’s all set to go. He’s going to be — I think he’ll do a great job.
We’re working already on a trade agreement. And I think it will be a very substantial trade agreement. You know, we can do with the UK — we can do three to four times. We were actually impeded by their relationship with the European Union. We were very much impeded on trade. And I think we can do three to four, five times what we’re doing.
We don’t do the kind of trade we could do with what some people say is Great Britain, and some people remember a word you don’t hear too much is the word, “England,” which is a piece of it.
But with the UK, we could do much, much more trade. And we expect to do that, okay?
Former ICE Director Tom Homan says the Supreme Court ruling allowing DoD funds to be used for border security is a huge win for the American people as the Trump administration continues to make border security a priority.
Charity begins at home; so too does good governance. President Trump confronts Oversight Committee Chairman Elijah Cummings with the reality of his own district in Baltimore, Maryland, and the blight that’s been neglected for decades.
It is worth remembering that Nancy Pelosi changed the House Rules last year, and specifically changed the role of Elijah Cummings. Within the Pelosi rules [page #2], the House Oversight Committee was modified to drop all other areas of government oversight, and focus exclusively on the White House.
On page #2 of Pelosi’s rules we see the key Oversight change. Pelosi sets up a new, much narrower, oversight priority for Chairman Elijah Cummings; specifically to tailor oversight to the White House and President Donald Trump. Additionally we saw the outlined time-schedule for hearings.
In subsection “k” the “clarification” is the narrowing of Elijah Cummings focus. “Oversight Over the Executive Office of the President“. This sets up the system for Cummings to target President Trump, his family, and all members of the executive branch as they relate to specific White House functions.
The Pelosi rules told Chairman Cummings to deliver his schedule for his investigation(s) to the House by April 15th, 2019. Thereafter the hearing sessions targeting the White House would commence. The objective of those hearings is Elijah Cummings role in the House impeachment of the President. This effort is obviously ongoing.
Remember, Cummings represents a district that is so manifestly leftist and corrupt, when the riots broke out in 2015 Baltimore Mayor Stephanie Rawlings-Blake told the police to stand down and give the rioters “space to destroy“. Yeah, remember her.
How did that career work out?
Or perhaps a reminder of Baltimore’s special prosecutor Marilyn Mosby; who once ruled from upon high in the congressional district. Yeah, remember her. How did that career work out even with all of the media fawning and praise?
Remember the six police officers she charged and dragged through the mud with fictitious accusations; only to see the evidence collapse in court and them being acquitted or having remaining charges dropped…
Or perhaps a reminder of the more recent Baltimore Mayor who was forced to resign as the FBI investigated her corrupt abuse of office. That would be Baltimore Mayor Catherine Pugh, who took bribes and graft through a pay-to-play bribery scandal for books she “authored” called “Healthy Holly”.
President Trump granted full declassification authority to AG Bill Barr in May of this year. There has been some discussion about Bill Barr not releasing any information. In an interview last week with Sean Hannity, President Trump outlined his thoughts on the declassification issue:
[Transcript] HANNITY: Mr. President, you have the power to literally release the FISA applications and the 302’s and the gang made information and you made a decision to hand it over to the Attorney General and let him decide. And I’m curious as to why?
TRUMP: Well, we have a very respected gentleman, very high quality person named William Barr and he is doing – I can tell you he’s working so hard and rather than just doing a total release, I gave him a total release, in other words he’s got everything anything he needs, he’s got it.
He is the Attorney General of the United States. He’s got a lot of very good people under him that I guess are involved and I gave them a total release. So all of it has been released and he has all of it.
I’ve also given him authorization to release it to whoever he wants. Whether it’s his people or, frankly, perhaps people like Devin Nunes who is a star, what he has done and the amount of suffering he has gone through, you know what they did with him where they tried to drive him right out of politics and probably worse than that. He has done an incredible job.
And, so many others I mean, the job – they are warriors. We have had, I’ll tell you the good side of all of this is the level of intelligence and strength and goodness that we have had on the Republican Party, a lot of them, not everybody, of course, but we have had tremendous, and I say, when I say we I’m talking about the country.
The country has had tremendous reports from Meadows and Jordan and Devin Nunes and so many of the names that you saw yesterday, perform so well. I mean, they perform so well and they worked so hard because they saw this was a scam. This was an illegal takeover, as you would say in the business world.
I mean, this was a coup attempts in my opinion. And this is the United States. And we wouldn’t stand for it and I wouldn’t stand for it. We have some very great people but we also have some very bad people. And I think we caught them.”
Earlier today President Trump sent a warning tweet about Apple possibly incurring tariffs on their products if they continue a plan for manufacturing in China. Later in the day the president answered direct questions about those possible tariffs.
Additionally, Secretary Wilbur Ross was very insightful when he also spoke of the current U.S. perspective toward the U.S-China trade negotiation. If you have followed the basic road-map of America-First, there’s a very clear picture; however, most pundits and trade analysts will likely ignore the message.
Subtle as a brick through a window…. yet it’s amazing how many people can’t see it.
Secretary Ross warned the professional investment class that the current objective for Secretary Mnuchin and USTR Lighthizer is to find out if Beijing is willing to re-engage from the starting point where they left-off when talks collapsed. That’s a big tell.
After several phone calls and staff contacts if the U.S. team doesn’t know the answer to that question, well, there’s almost zero likelihood of any optimistic outlook. In essence, the only value within the current engagement is financial ‘optics’ to stabilize markets.
It has been clear -validated by the G20 outcome- that President Trump is not going to accept anything less than a full and complete structural change in the U.S. trade position with China. Lighthizer’s severe compliance and enforcement clauses, specific to each unique trade sector, are non-negotiable.
In the message to Tim Cook (implied tweet and direct oval office commentary) President Trump isn’t warning Tim Apple of the possibility of tariffs, he is specifically telling him to expect them. Beijing is simultaneously receiving the same message from President Trump along with Secretary Ross’s supportive commentary.
It’s not a matter of “if” tariffs; it is a matter of “when” tariffs.
That said, there’s no duplicity in the U.S. Position. Mnuchin and Lighthizer are earnestly working in good faith; but President Trump is expecting ‘no deal’. When President Trump expresses that hardened position, just accept it – and then look around at what else he is positioning to counteract that expectation/result.
President Trump is likely planning for Speaker Pelosi’s political resistance that she will not bring the USMCA up for a ratification vote. Thus the USMCA trade agreement becomes a 2020 weapon for President Trump against the Democrats.
However, there’s a precursory calendar date to circle. October 21st, 2019. That’s the Canadian election. If Justin from Canada loses his re-election, Speaker Pelosi cannot hold out on the USMCA; she’ll have to ratify.
We’ve watched these moves before.
I can almost guarantee the possible 2020 fight over USMCA is why Trump informed his congressional emissaries to tell McConnell and McCarthy to take whatever best deal was possible on the budget/spending, but… considering the more significant scale of the economic consequence of China and USMCA…. get the budget past the 2020 election.
The spending might make us mad, but there’s a bigger picture here. Trump is clearing the battle space of political weapons for 2020. It might sound odd, but that’s how he’s worked on the other geopolitical issues.
Trade and tariffs with China + the USMCA + trade and tariffs on the EU + the possibility of an independent U.K trade deal…. all adds up to far more net American economic value, extending for decades, than the insufferable 18 month spending binge by Pelosi et al.
There’s only a very small chance a trade deal with China will be reached. The reforms within the original Lighthizer and Liu He agreement are antithetical to Beijing; Trump knows this. Therefore, those tariffs on China are coming; the question is scale and timing. It’s likely Trump won’t strike against Chairman Xi until the USMCA is ratified.
Additionally, with all of that considered, there’s no motive for a low China tariff targeted to gain leverage toward a deal that would avoid higher tariffs. No, not on this landscape… the scale of the tariffs against China will be very significant. Best guess, 25 percent on everything.
Also, call me crazy but I think President Trump is sandbagging with Japan. I have a hunch that trade deal is already sealed and in the bank; President Trump and PM Abe are just holding back on the announcement. [Shinzo Abe is to 2020 as Bobby Knight was to 2016]
President Trump is positioning for an economic platform in 2020 with specific deliverables. None of the 2020 candidates have any economic plans that can touch the scale of U.S. benefit Trump has positioned. Heck, we notice the 2020 candidates generally don’t even talk about trade and economics.
The economy. Economic security. America First.
Immigration. Sovereignty. America First.
National Security. America First.
Ensuring intel weaponization never happens again. [Declassification etc.]
That’s the big picture and sequence of priority for Trump’s platform. President Trump will determine the landscape, and he’s going to position any candidate as adverse to each of those priorities.
The #4 will counter any ‘impeachment’ effort; but it’s not a priority. It is only valuable as a political tool to counter the #1 objective of Pelosi and the DNC candidate. His opposition has no counter position for number one through three. Trump owns that battle-space.
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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