The corporate-owned, Wall Street-controlled, U.S. media are twisting, contorting, and in many cases hiding the consequential details of the U.S-Mexico trade agreement.
The reason for MSM disinformation campaign is quite simple: the deal helps the U.S. middle-class; helps both U.S. and Mexican workers; begins deconstructing the tentacles of Wall Street economic policy; and highlights a major success story for President Trump and the country in general. The UniParty, Wall Street and the agenda of their purchased political class are being dismantled…. All of those interests are furious.
While it is still available, watch the 10 minutes of this report (and interview with U.S.T.R. Lighthizer) from 07:00 to 17:00 to get a generally good idea of how significant a day this is. (prompted, just hit play)
White House trade adviser Peter Navarro also appears on Fox Business with Lou Dobbs to discuss the deal.
Earlier today President Donald Trump and First Lady Melania Trump welcomed Kenyan President Kenyatta and his wife to the White House. Two videos and transcripts.
♦Oval Office Meeting:
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[Transcript] Oval Office – 1:53 P.M. EDT – PRESIDENT TRUMP: Thank you very much. It’s great to have President Kenyatta of Kenya, and First Lady Kenyatta. Thank you very much for being here. It’s a great honor.
We have a tremendous relationship with Kenya. We have terrorism, a lot of trade, getting bigger and bigger all the time.
PRESIDENT KENYATTA: Absolutely.
PRESIDENT TRUMP: We’re working on a major infrastructure project, a massive roadway that will be record setting, in many ways. And we are going to conclude a lot of good things.
We have the President’s representatives in the next room. And we’re going to be going in there, and we’re going to be making some great deals for both countries.
So thank you very much, both, for being here. This is a tremendous honor. Thank you very much.
PRESIDENT KENYATTA: Great pleasure. Wonderful to have us. Thank you. We appreciate it.
PRESIDENT TRUMP: Thank you very much.
PRESIDENT KENYATTA: Yep.
PRESIDENT TRUMP: Would you like to say something?
PRESIDENT KENYATTA: Yes. I want to just take this opportunity to thank Mr. President and the First Lady for welcoming us here to the White House.
As President Trump has said, Kenya and United States have had strong, solid relationships ever since our independence. We are here to renew that partnership. We are here to strengthen it. We have had very good and excellent cooperation, especially in our fight against terrorism because of the neighborhood that we’re in — al-Shabaab fights, which the United States have been a very good, strong, and solid partner.
But more importantly, we’re here to pursue and to strengthen our trade and investment ties, which are already very strong. We have a good number of American companies in Kenya. And we want to see how we can strengthen that going forward for the mutual benefit of our two countries.
And I believe that we will have very fruitful discussions this afternoon. And we’ll have a lot to report at the end of it.
Well, thank you once again, Mr. President —
PRESIDENT TRUMP: Thank you.
PRESIDENT KENYATTA: — for welcoming us to the White House.
PRESIDENT TRUMP: Great honor.
PRESIDENT KENYATTA: Happy to be with you.
PRESIDENT TRUMP: Thank you.
PRESIDENT KENYATTA: Thanks, Melania.
PRESIDENT TRUMP: Thank you very much everybody. Thank you. Thank you.
[Transcript] – Cabinet Room – 2:13 P.M. EDT – PRESIDENT TRUMP: Well, thank you very much. We are with President Kenyatta of a wonderful country that we do a lot of business with, Kenya. One of the most beautiful countries, from what I understand, Mr. President.
We have lots of pictures and lots of people that tell me how beautiful your country is. And we do a lot of tourism. We do a lot of trade. And we do a lot of defense and security. And we’re working very much on security right now. And I appreciate you very much being with us and your staff. This is really great. Your representatives have been dealing with our representatives and making a lot of progress. We’re talking about a very major highway/roadway. And that seems to be going along well. That’s a very important project, I think, for your country.
And so we appreciate, very much, you being at the White House and being with us. And we look forward to the discussion.
Thank you very much.
PRESIDENT KENYATTA: Thank you very much. And thank you for your warm welcome. As you said, we’ve had strong relations that stretch back — all the way back to our own independence. And we are here to cement that partnership. We are here to strengthen the support we have received as a country, especially with regards to our security and defense cooperation has been immense.
I had a good opportunity to speak with Mike, both in his former capacity and his current capacity. (Laughter.) And we work very well together, and I want to take this opportunity to appreciate that.
But more importantly, even as we work on these aspects, what’s most important and what makes our country survive is the trade and investment partnership. I mean, this is really what we should work to deepen much more as we go forward.
So I’m really looking forward to this discussion, and I’m looking forward to seeing how we take our relationship now to the next level —
PRESIDENT TRUMP: Good.
PRESIDENT KENYATTA: — for the mutual benefit of our two peoples.
PRESIDENT TRUMP: Well, you are here on a very special day because the stock market is up almost 300 points today. We just signed a trade agreement with Mexico, and it’s a terrific agreement for everybody. It’s been in the works for a long time. It’s an agreement that a lot of people said couldn’t be done, and we did something, and it was very special. Great for our farmers, our workers.
And our stock market just broke 26,000 for the first time ever in the history. So today we have the highest stock price we’ve ever had. And we’re very happy about that. I said that was going to happen and it’s happened. Everything I said is going to happen, it ends up happening.
So you picked a good day to come. (Laughter.) We’re in a very good mood.
PRESIDENT KENYATTA: Well, let’s hope you’re going to transfer some of that into Kenya. (Laughter.)
PRESIDENT TRUMP: We’ll bring that over to Kenya. (Laughter.) Thank you very much, everybody. I appreciate it. Thank you. Thank you.
So much good news:WASHINGTON (Reuters) – The trade deal between the United States and Mexico will stand even if Canada does not come to an agreement with the Trump administration in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico’s foreign minister said on Monday.
“If for any reason the government of Canada and the United States do not reach an agreement, we already know that there will still be a deal between Mexico and the United States.”
Remember those “private meetings” between Jesus Seade and Robert Lighthizer?
It is said: a picture is worth a thousand words. Cue the audio visual:
The incoming Mexican President, Andrés Manuel López Obrador,(AMLO)’s representative is Jesus Seade. The outgoing Mexican President Pena Nieto’s representative is Mexican Secretary of Economy Idelfonso Guajardo.
Why the joy in Seade and the defeated Guajardo? The answer is inthe details:
One of President Trump’s principal objectives in the renegotiation is to ensure the agreement benefits American workers. The United States and Mexico have agreed to a Labor chapter that brings labor obligations into the core of the agreement, makes them fully enforceable, and represents the strongest provisions of any trade agreement.
Key Achievement: Worker Representation in Collective Bargaining
The Labor chapter includes an Annex on Worker Representation in Collective Bargaining in Mexico, under which Mexico commits to specific legislative actions to provide for the effective recognition of the right to collective bargaining.
BOOM !!
Key Achievement: Labor Rights Recognized by the International Labor Organization
The Labor chapter requires the Parties to adopt and maintain in law and practice labor rights as recognized by the International Labor Organization, to effectively enforce their labor laws, and not to waive or derogate from their labor laws.
Additionally, the chapter includes new provisions to take measures to prohibit the importation of goods produced by forced labor, to address violence against workers exercising their labor rights, and to ensure that migrant workers are protected under labor laws.
Key Achievement: New Labor Value Content Rule
To support North American jobs, the deal requires new trade rules of origin to drive higher wages by requiring that 40-45 percent of auto content be made by workers earning at least $16 USD per hour.
Why is this important?
Massive consequences.
♦First, this is the part where AMLO gets a key win for his new Mexican economic agenda; the right of workers to form collective bargaining agreements, ie. unions. Mexico’s President-elect Andrés Manuel López Obrado is not only coming into office with a mandate, he is also bringing with him a majority parliament on his agenda.
By putting the rights of Mexican workers in the forefront two win/win objectives are accomplished for both AMLO and Trump. (1) The reason U.S. corporations moved to Mexico was party to exploit cheaper labor. Now that those corporations have invested themselves in Mexico they will have to agree to collective bargaining; thereby raising the standard of living for Mexican workers (an AMLO goal). (2) For future investment considerations the low-wage incentive of U.S. manufacturing is now eliminated (a Trump goal).
Multinational vulture corporations can no longer bribe local Mexican officials for low-wage regional labor. The Mexican worker, with AMLO legislation, will have the ability to fight off exploitation.
Manufacturing corporations will need to raise wages (AMLO win), and corporations will be less likely to move out of the U.S. based on the wage analysis portion of the total cost equation (Trump win). I have no doubt this was part of the ‘closed-door’ private discussions between Seade and Lighthizer. No doubt.
♦Secondly, how is the left-wing political opposition in Canada and the U.S. going to fight against this deal which includes protections for collective bargains and union representation? Trump fractures the Democrats/Liberals by supporting a policy that they claim is at the heart of their support base. Do you really think Senator Patrick Leahy, or Senator Bernie Sanders are going to go on record against organized labor?
How can Justin or Chrystia from Canada going to argue against higher Mexican wages?
The U.S./Mexico 75% auto rule of origin for manufacturing parts works in synergy with the demand that 45% of those manufacturing components must come from assembly and manufacturing wages of $16/hr or higher. In essence AMLO and Trump are controlling the calculations within the Total Cost of Manufacturing.
Watch the Canadian Leftists try to reconcile today’s events while not yet absorbing how the projected Mexican wage increases are factored into the total agreement. (first six minutes):
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Here’s the Mexican trade team press conference. Use the ‘closed caption’ for the English sub-titles:
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Within this agreement President-elect Lopez-Obrador and President Trump have fractured Wall Street’s exploitative multinational Big Club. No doubt, despite his hundreds of millions spent, U.S. Chamber of Commerce Tom Donohue is finally seeing significant defeat on the horizon.
The first White House visit by AMLO is going to be epic!
In direct relationship to the checkbook policy that impacts middle-class Americans the U.S./Mexico trade deal is the biggest win so far in Trump’s presidency. There are such massive ramifications it could take days for anyone to comprehend how the granular details have such massive downstream consequences. The deal is incredibly complex.
At the 30,000 ft level, the deal positions Mexico to retain their current multinational investments, and through a series of sector-by-sector standards on origination the deal simultaneously closes the fatal NAFTA loophole. The agreement makes an economic manufacturing partnership between the U.S. and Mexico; and for assembly products third parties will have to produce parts and origination material within the U.S. and Mexico.
U.S.T.R. Lighthizer has put some details forward:
♦The NAFTA Loophole closure is explained in Summary Form HERE; with emphasis on the Auto-Sector. The key is a 75% part origination level for auto-assembly; and a 40-45% level for parts with a minimum $16/hr wage rate. The source-origination rate (75%) is even higher than all previously forecast negotiation results.
Example of downstream consequences/benefits: German auto-maker BMW recently built a $2 billion assembly plant in Mexico (almost complete). Most of their core parts were coming from the EU (steel/aluminum casting components) and/or Asia (electronics). Now the assembly plant will have to source 75% of the auto-parts from the U.S. and Mexico, with 45% of those parts from facilities paying $16/hr. Result: BMW will need to modify their supply chain and build auto parts in the U.S. and Mexico.
♦Agriculture is another important sector, explained in Summary Form HERE. CTH needs to dig into the details on this sector. Overall it appears Mexico has agreed to a common set of food manufacturing safety standards. Additionally the removal of any/all subsidies in agricultural trade between the U.S. and Mexico. There’s more, a lot more, but it will require some analysis akin to separating grains of sand with a toothpick.
♦U.S.T.R. Lighthizer also provides a Summary Fact Sheet HERE with a broad high-level review of the agreement principles.
New “rules of origin” requirements to incentivize billions a year in vehicle and automobile parts production in the United States, supporting high-wage jobs.
The strongest, fully enforceable labor standards of any trade agreement.
New commitments to reduce trade-distorting policies for agricultural goods.
Improvements enabling food and agriculture to trade more fairly.
Strong and effective intellectual property protections.
The strongest disciplines on digital trade of any international agreement.
The most robust transparency obligations of any United States trade agreement.
NOTE: #7 is a critical point, with a great deal of emphasis, given the complexity of the rules of origin now constructed to close the NAFTA loophole.
CTH will have a lot more on the specific details, but we wanted to get the links to the fact sheets out quickly. Because of the fundamentally flawed prior agreement, this new trade agreement has massive consequences far beyond what would normally be considered.
Not only is Asia, specifically China, impacted; but so too are the EU and other international trade partnerships. The critical point is that the U.S. and Mexico have agreed to partner in our approach toward the rest of the world. Outgoing globalist Mexican President Pena Nieto is not happy; incoming nationalist Mexican President Andres Manuel Lopez-Obrador is ultimately the winner.
Through the efforts of Robert Lighthizer (U.S.) and Jesus Seade (AMLO) the Trump administration has now closed one of the access routes into coveted U.S. market, exploited by multinational corporations and countries (using NAFTA). The Mexico route is secure, agreements are made, and now attention turns toward Canada.
Think about the BMW example above, the downstream ramifications within this agreement are massive. It is not coincidental that Canada’s Foreign Minister Chrystia Freeland is in Germany coordinating the response. Now that a deal with Mexico has been reached, Canada has lost all prior leverage.
Remember, the U.S. and Mexico have agreed to “no protectionist tariffs/subsidies” in the agricultural sector. Canada protects its dairy sector with massive protectionist tariffs and subsidies. It is doubtful Trudeau and Chrystia can retreat from their construct.
Therefore:
“I think with Canada, frankly, the easiest we can do is to tariff their cars coming in. It’s a tremendous amount of money and it’s a very simple negotiation. It could end in one day and we take in a lot of money the following day,” Trump said.
Canada responded:
Canada responded with a statement Friday night, saying: “Our focus is unchanged. We’ll keep standing up for Canadian interests as we work toward a modernized trilateral NAFTA agreement.” (link)
This will likely be the outcome. Like it or not, Canada gets to continue protecting dairy sector and gives up its auto-manufacturing sector as a consequence.
Freeland is expected to arrive in the U.S. tomorrow….
Promises made, promises kept. The CTH community is in a unique position to understand exactly what has taken place today as President Donald Trump announces the termination of NAFTA and simultaneously announces a bilateral trade agreement has been made between the U.S. and Mexico. This is exactly what CTH predicted. Most, not all, but most of the media are absolutely clueless.
In an Oval Office announcement today President Trump put outgoing Mexican President Enrique Peña Nieto on his speaker phone as the press watched in the Oval Office. U.S. Trade Representative Robert Lighthizer, Mexican Secretary of Economy Idelfonso Guajardo, and the key figure for incoming Mexican President, Andrés Manuel López Obrador (AMLO), Jesus Seade was present for the announcement.
CTH will have much more on the details of the trade agreement. This is the most comprehensive and complex trade agreement in U.S. history. However, in the interim here’s the full video of the announcement (including nuance). ENJOY:
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[Transcript] Oval Office – 11:09 A.M. EDT – PRESIDENT TRUMP: Hello everybody. It’s a big day for trade, a big day for our country. A lot of people thought we’d never get here because we all negotiate tough. We do, and so does Mexico. And this is a tremendous thing.
This has to do — they used to call it NAFTA. We’re going to call it the United States-Mexico Trade Agreement, and we’ll get rid of the name NAFTA. It has a bad connotation because the United States was hurt very badly by NAFTA for many years. And now it’s a really good deal for both countries, and we look very much forward to it.
And I believe the President is on the phone. Enrique? You can hook him up. Tell me when.
How are you? It’s a big thing. A lot of people waiting. Hello? Do you want to put that on this phone, please? Hello? Be helpful.
♦PRESIDENT PEÑA NIETO: (As interpreted.) President Trump, how are you? Good morning.
♦PRESIDENT TRUMP: Thank you, Enrique. And congratulations. That’s really a fantastic thing. We’ve all worked very hard, and your brilliant representatives are sitting right in front of me. And I thought we would congratulate each other before it got out. And I know we’ll have a formal news conference in the not-too-distant future.
♦PRESIDENT PEÑA NIETO: (As interpreted.) Thank you very much, President Trump. I think this is something very positive for the United States and Mexico. And the first reason for this call, Mr. President, is, first of all, to celebrate the understanding we have had between both negotiating peace on NAFTA, in the interest we have had for quite a few months now to renew it, to modernize it, to update it, and to generate a framework that will boost and potentiate productivity in North America.
It is our wish, Mr. President, that now Canada will also be able to be incorporated in all this. And I assume that they going to carry out negotiations of the sensitive bilateral issues between Mexico — rather, between Canada and the United States.
And I’m really grateful, Mr. President. I want to say that you — I greatly recognize and acknowledge your political will and your participation in this. And on this paved path, I want to bear my testimony, Mr. President, and my acknowledgement to both negotiating teams, especially the team that is headed and led by Mr. Robert Lighthizer, and also the accompaniment and the support we have had from the White House through Jared Kushner.
And I also extend this recognition to the Mexican team. They are listening to you. They are close to you right now — Foreign Minister Luis Videgaray and the Secretary of the Economy, Mr. Guajardo.
Yes, in terms of (inaudible) the negotiations that have taken months, it’s been difficult, complex, and a very hard negotiation altogether with difficult moments, of course. But I truly acknowledge now the fact that we’ve been able to reach an agreement that we are about to make public. And this is the result of good understanding and good work. And I — of course, I am quite hopeful that now Canada would start discussing with the United States the sensitive bilateral issue.
Congratulations, President Trump. I am very grateful and I am attentive to your comments.
♦PRESIDENT TRUMP: Well, Mr. President, thank you very much. It’s an honor. You’ve been my friend. It’s been a long time since I traveled to Mexico, where we got to know each other quite well and we actually had a good meeting. Some people weren’t sure if it was a good meeting, but I was.
I have a lot of good meetings that a lot of people aren’t sure if they were good or not.
But it’s been a long time, and this is something that’s very special for our manufacturers and for our farmers from both countries, for all of the people that work for jobs. It’s also great trade and it makes it a much more fair bill. And we are very, very excited about it.
We have worked long and hard. Your representatives have been terrific. My representatives have been fantastic too. They’ve gotten along very well, and they’ve worked late into the night for months. It’s an extremely complex bill and it’s something that I think will be talked about for many years to come. It’s just good for both countries.
As far Canada is concerned, we haven’t started with Canada yet. We wanted to do Mexico and see if that was possible to do. And it wasn’t — I think, it wasn’t from any standpoint something that most people thought was even doable when we started.
If you look at it, you remember, at the beginning, many people thought that this was something that just couldn’t happen because of all of the different factions, all of the different sides, and the complexity. And we made it much simpler, much better. Much better for both countries.
Canada will start negotiations shortly. I’ll be calling the Prime Minister very soon. And we’ll start negotiation, and if they’d like to negotiate fairly, we’ll do that. You know, they have tariffs of almost 300 percent on some of our dairy products, and we can’t have that. We’re not going to stand for that.
I think with Canada, frankly, the easiest thing we can do is to tariff their cars coming in. It’s a tremendous amount of money and it’s a very simple negotiation. It could end in one day and we take in a lot of money the following day.
But I think we’ll give them a chance to probably have a separate deal. We can have a separate deal or we can put it into this deal. I like to call this deal the United States-Mexico Trade Agreement. I think it’s an elegant name. I think NAFTA has a lot of bad connotations for the United States because it was a rip-off. It was a deal that was a horrible deal for our country, and I think it’s got a lot of bad connotations to a lot of people. And so we will probably — you and I will agree to the name.
We will see whether or not we decide to put up Canada or just do a separate deal with Canada, if they want to make the deal. The simplest deal is more or less already made. It would be very easy to do and execute.
But I will — I will tell you that working with you has been a pleasure. Speaking with and working President-elect López Obrador has been absolutely a very, very special time.
You both came together for your country. You worked together. I think that’s important for the media to know. We have a little — a small amount of media in our presence, like everybody. And the media should know that the President and the President-elect worked very closely together because the President felt it was important that the President-elect liked what he was seeing.
And our teams worked together. Our teams were really well unified, and your team was very well unified. I was very impressed with the fact that the two Presidents came together and worked out something mutually agreeable.
So it’s an incredible deal. It’s an incredible deal for both parties. Most importantly, it’s an incredible deal for the workers and for the citizens of both countries. Our farmers are going to be so happy. You know, my farmers — the farmers have stuck with me; I said we were going to do this. And Mexico has promised to immediately start purchasing as much farm product as they can. They’re going to work on that very hard.
And as you know, we’re working — unrelated to this, we’re working very much with other countries. China is one; they want to talk. And it’s just not right time to talk right now, to be honest, with China. It’s been — it’s too one-sided for too many years, for too many decades. And so it’s not the right time to talk. But eventually, I’m sure, that we’ll be able to work out a deal with China. In the meantime, we’re doing very well with China.
Our economy is up. It’s never been this good before, and I think it’s only going to get better.
But, Mr. President, you’ve been my friend and you have been somebody that’s been very special in a lot of ways. We talk a lot. We talked a lot about this deal. And I’d like to congratulate you and the Mexican people.
♦PRESIDENT PEÑA NIETO: (As interpreted.) Thank you very much, Mr. President.
I finally recognize this, especially because of the point of understanding we are now reaching on this deal. And I really hope and I desire — I wish — that the part with Canada will be materializing in a very concrete fashion; that we can have an agreement the way we proposed it from the initiation of this renegotiating process, a tripartite.
But today I celebrate the (inaudible) between the United States and Mexico because we’re reaching a final point of understanding. And I hope that in the following days we can materialize (inaudible) in the formalization of the agreement.
Something additional, Mr. President — and you have already mentioned it — it has to do with an involved and committed participation of the administration and the President-elect of Mexico. As you know, we are now going through a period of transition, and it has been possible to create a highly unified front between the negotiating team of this administration and the people appointed by the President-elect of Mexico to be observers and participate in this agreement, in this understanding, to reach the point we are now reaching.
The President-elect has been aware of everything that has been happening, and I have also had the opportunity of talking to him directly and personally on the progress being made.
You have also had direct conversations with President-elect. Things that we have to do and I hope we have the space to do it would be to find — to toast a good toast with tequila, of course — (laughter) — to celebrate this understanding.
♦PRESIDENT TRUMP: Enrique, I think that’s exactly right. And you know the good relationship that I’ve already established with the President-elect. I was very impressed with him, I must tell you. He was terrific in every way. And he wants — you know, he loves your country like you love your country. You want to do the right thing. And we’re really doing the right thing for all of us. So I really enjoy that. Please send him my regards, and I will speak to him very shortly.
But this was great that you were able to do it together. I think doing it mutually as opposed to just you doing it — or even just him doing it — I think a mutual agreement between your two administrations was a fantastic thing. I suggested that early on, and I think it was immediately embraced and I think it was a really fantastic thing that you were able to do it — and with great spirit. I mean, it was great coordination and spirit. So I think that is really just great.
And, you know, one of the things that I’m excited about is you’re going to be helping us at the border. You’re going to be working together with us on agriculture. You’re going to be working in many different ways, and we’re going to be working with you in many different ways. This is a very comprehensive agreement.
So, Enrique, I will see you soon. I think we’re going to have a very formal ceremony. This is one of the largest trade deals ever made. Maybe the largest trade deal ever made. And it’s really something very special that two countries were able to come together and get it done.
And I just want to thank all of my people — Bob and Jared. And, gentlemen, you have been really great, the way you’ve worked so long. And I know you’ve been going up until three o’clock, four o’clock in the morning, and then getting in at eight.
So I just want to — on behalf of the United States, I want to thank you very much. And I can say that Mexico is very proud of you. They’re very proud of you. Thank you all very much.
Enrique, I’ll see you soon. I’ll talk to you soon. And congratulations, and job well done.
♦PRESIDENT PEÑA NIETO: (As interpreted). Thank you, Mr. President, and congratulations as well to you, to the negotiating team, to the (inaudible) of both countries. We’ll be waiting for Canada to be integrated into this process.
I send you an affectionate hug. And all my greetings to you and my regards.
♦PRESIDENT TRUMP: A hug from you would be very nice. (Laughter). Thank you. So long. Thanks. Goodbye, Enrique.
Okay, so we’ve made the deal with Canada. It’s a very —
Q With Canada?
♦PRESIDENT TRUMP: They’re starting. We made the deal with Mexico. And I think it’s a very — deal. We’re starting negotiations with Canada, pretty much immediately. I can’t tell you where those negotiations are gone. It’s going to be a — it’s a smaller segment, as you know. Mexico is a very large trading partner. But we’ve now concluded our deal and it’s being finalized.
And, Bob, when would you say it will be signed — actually, formally, signed?
♦AMBASSADOR LIGHTHIZER: Well, it will likely be signed at the end of November because there’s a 90-day layover period because of our statute. But we expect to submit our letter to Congress, beginning that process on Friday.
♦PRESIDENT TRUMP: Okay, so that starts the process.
♦AMBASSADOR LIGHTHIZER: And then 90 days later, it will be signed.
♦PRESIDENT TRUMP: We have an agreement where — both with Canada and with Mexico — I will terminate the existing deal. When that happens, I can’t quite tell you; it depends on what the timetable is with Congress. But I’ll be terminating the existing deal and going into this deal. We’ll start negotiating with Canada relatively soon. They want to start — they want to negotiate very badly.
But one way or the other, we have a deal with Canada. It will either be a tariff on cars, or it will be a negotiated deal. And, frankly, a tariff on cars is a much easier way to go. But perhaps the other would be much better for Canada.
And we’re looking to help — you know, we’re looking to help our neighbors, too. If we can help our neighbors, that’s a good thing, not a bad thing. So we’re going to start that negotiation imminently. I’ll be speaking with Prime Minister Trudeau in a little while.
So I want to thank everybody. I want to thank you. What a great job you’ve all done. And it’s been — it’s been a long one, but a lot of people thought this was not a doable transaction. It’s going to be great for our people. And again, I want to thank you folks. And we’ll see you at the signing, and we’ll see you many times before that, I’m sure.
So, congratulations to the people of Mexico. Great job.
Remember the ju-ju bones?… Well…. The U.S. Main Street economic engine is almost firing on all cylinders as brick-and-mortar retailers drop their historic complaints of e-commerce impacting their sales and foot-traffic, and instead begin seeing the real life consequences from a resurgent American middle-class.
Target CEO Brian Cornell: “There’s no doubt that, like others, we’re currently benefiting from a very strong consumer environment — perhaps the strongest I’ve seen in my career.” “We’re seeing a great consumer response … unprecedented traffic. As we go back and look, we’ve never seen traffic growth like this.” (link)
The growth in retail foot-traffic is a critical KPI for the economy. Despite economic and business school theory (pushed over the past 20 years), everything of consequence is dependent on a thriving American middle-class; blue and white collar.
Target CEO Brian Cornell is not alone in his optimism:
Walmart VP of Investor Relations Dan Binder: “Job growth is great. Wages are up. Credit is expanding … So the consumer is in great shape. In the surveys that we look at, they tell us that they are feeling good about their financial condition.”
Home Depot CFO Carol B. Tomé: “As we look to the back half of the year, we continue to expect strong economic growth, with the backdrop of a healthy home improvement environment. Homeowners continue to enjoy home price appreciation, and rising wages and low unemployment have driven consumer confidence to record high levels.”
Macy’s CEO Jeffrey Gennette: “Based on the first-half performance, our strong execution and the anticipation of continued healthy consumer spending, we’re raising both sales and earnings guidance for the year.”
Lowe’s CFO Marshall A. Croom: “We expect to see solid sector growth driven by gains in employment which should boost disposable income and consumer spending.”
The middle-class economic engine can/is self-sustaining around the basic principles of MAGAnomics. Additionally, finalizing America-first trade deals could explode U.S. GDP growth as investment pours into the U.S.A. We will soon need to build a bigger-engine to handle all the high-octane investment fuel.
The economic models of the entire last generation+ are based on the assumptions of continuing globalist economics which advances, and has advanced, the interest of Wall Street over Main Street. They were driving a “service-driven economy” message.
The investing class economy, ie. another name for a ‘service-driven economy’, has been the only source of historic reference for approximately three decades. These talking heads convinced themselves that a “service driven economy” was the ONLY economy ever possible for the U.S. in the future. WATCH:
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Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications. They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.
As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living. How high can wages rise?… that depends on the pressure; and right now the pressure is massive. I’m not going to dismiss the possibility we could see 10 to 20% increases in year-over-year wage growth in multiple Main Street economic sectors.
Winnamins. We need lots of them…
Now here’s the critical leadership part…. After two-plus decades of Wall Street emphasis on inventory and supply chain management: Who is going to be bold enough to ramp up inventories high enough to prepare for, and take advantage of, the upcoming MAGAnomic holiday season?
Earlier today President Trump tweeted a message to the invisible U.S. Attorney General Jeff Sessions: “C’mon Jeff, you can do it.”
The evidence of severe DOJ/FBI corruption is visible everywhere. Congress has unearthed it (FISA abuse); the DOJ Inspector General has outlined it (McCabe, Strzok); current FBI investigators have showcased it (SSCI James Wolfe); and yet, Jeff Sessions is entirely absent from doing anything about it….
…”Come on Jeff, you can do it, the country is waiting!”…
After two weeks of counting additional ballots Trump-backed Ohio republican candidate Troy Balderson was declared the official winner today by Franklin County officials.
Democrat Danny O’Connor said on Friday he called to concede to Balderson. The final vote count showed Balderson received 104,328 votes, or 50.12 percent, and O’Connor had 102,648 votes, or 49.32 percent, according to Franklin County.
(Via Fox) […] The Trump-backed Balderson had declared victory over Democrat Danny O’Connor on Aug. 7, but O’Connor had declined to concede because of the small margin.
According to the Associated Press, after final absentee and provisional ballots were counted, Balderson defeated O’Connor by 1,680 votes. […] The result fell 520 votes outside the window to trigger an automatic recount. (link)
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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
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