On Thursday June 20, 2019, Canadian Prime Minister Justin Trudeau traveled to Washington DC for a meeting with Speaker Nancy Pelosi and democrat leadership. After the political ideologues held the meeting, Trudeau and Canadian Foreign Affairs Minister Chrystia Freeland tabled the Canadian ratification on the USMCA trade agreement.
It was obvious both groups of avowed leftists agreed to stall the USMCA for politics.
On August 13th White House emissary National Security Advisor John Bolton met with Britian’s Chancellor of Exchequer Sajid Javid, and the public became aware of efforts toward a six month post Brexit U.S-U.K trade agreement that would become effective on November 1st, 2019; immediately the day after Brexit was official.
On August 14th Speaker Nancy Pelosi quickly rushed a press release saying the House would never support that interim U.S-U.K trade agreement, using cover story of worry about Ireland/Northern Ireland peace accord. Beyond all the talking points the baseline reason for Pelosi’s opposition is Democrats do not support Brexit. Both the immediacy and the construct of the counter-maneuver by Pelosi were noted. [House in recess].
Immediately after the deal between President Trump and Prime Minister Boris Johnson became public; an intense international media effort began to push a narrative of the “U.S. heading to a recession”. The group of corporate financial media interests; those who advance the interests of Wall Street and are adamantly adverse to a global trade reset; and the political opposition to Donald Trump, began using a recession talking point in unison.
The confrontation with China is one part; the removal of the back-doors into the US economy (NAFTA) is another part; a looming confrontation with the EU over their protectionist exploitation of one-way tariffs is yet another part.
The strategy to deal with each of the three primary negative trade elements (China, NAFTA, EU) is clear within President Trump’s trade reset.
- Bilateral deals with ASEAN partner nations and simultaneous crushing tariffs on China deals with one problem. China’s removal of U.S. wealth and jobs is halted.
- The construct of the USMCA, and country of origin for source material and strict enforcement mechanisms, deals with the second problem: NAFTA’s fatal flaw.
- An reciprocal and barrier removing agreement between the U.S. and U.K; which can open a tariff free trade highway between North America and Europe; creates the leverage for Trump (benefit for Johnson) that begins to deal with the EU problem.
In the big picture President Donald Trump has purposefully stalled the process of supply chain globalization and cheap labor evaluation. Trump is resetting global manufacturing supply chains, with U.S. incentives for relocation. This is bringing wealth and jobs back into the United States (and North America).
In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration of wealth (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshall plan of global trade and one-way tariffs (de-globalization).
In all of these efforts U.S. multinational corporations, big companies on Wall St, are heavily opposed to President Trump because they have invested in those overseas operations. Those companies facilitated the loss of U.S. manufacturing jobs.
There is also now a clear alignment between those Wall Street multinationals, and democrats like Nancy Pelosi. Wall Street’s ability to pay Pelosi and political leadership to protect their multinational interests; in combination with corporate promises of funding to Pelosi’s party; has created the unholy alliance of united interests.
That’s why Nancy Pelosi instructed Justin Trudeau to stall the Canadian ratification of the USMCA. That’s the motive behind why Pelosi is working to stall, perhaps even eliminate, the USMCA ratification in the House. This is also why Pelosi reacted so quickly to the framework of a deal between President Trump and British Prime Minister Boris Johnson.
It is a political strategy and calculation for Speaker Nancy Pelosi, and Minority Leader Chuck Schumer to attempt to sink the U.S. Main Street economy. Weakening Trump’s China confrontation; blocking the USMCA; and impeding a trade agreement between the U.S. and U.K. are part of that calculation.
Prior to this week Hollywood was openly praying for a recession to weaken President Trump’s reelection efforts. However, this week we are now seeing Wall Street, and the media pundits therein, openly cheering for an economic recession for exactly the same purpose.
The aligned interests of Wall Street, media pundits and Democrats are all contingent upon harming the U.S. economy. That is how severely ideological modern democrats are.
The democrats are willing to destroy Main Street in order to retain power.
There are trillions at stake.
Sunlight is the best disinfectant.