Secretary Wilbur Ross Discusses Status of China Deal, 5G Tech and USMCA Ratification…

Earlier today Commerce Secretary Wilbur Ross appeared for an interview with Maria Bartiromo on the status of phase-one for the U.S-China trade deal, Huawei and ZTE national security concerns, and Speaker Pelosi blocking ratification of the USMCA agreement.

Secretary Ross cautions the Chinese deal is contingent on some very particular and important enforcement details. Additionally Ross discusses the potential national security issues with 5G network and AG Bill Barr having strong concerns about Huawei and ZTE.

This entry was posted in China, Deep State, Dept Of Justice, Economy, European Union, media bias, NAFTA, Nancy Pelosi, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

27 Responses to Secretary Wilbur Ross Discusses Status of China Deal, 5G Tech and USMCA Ratification…

  1. Zippy says:

    Allowing the Chinese to effectively run the next Internet and to supply the hardware for it is absolutely
    insane

    5G National Security Implications

    Liked by 11 people

    • TMonroe says:

      And leaving to them the health and safety aspects is another nonstarter

      Liked by 3 people

    • Zippy says:

      For the basics, start video at 26:11.

      Liked by 2 people

    • Mike in a Truck says:

      Again! Again! Altogather boys and girls: WE DONT NEED RED CHINA!

      Like

    • covfefe999 says:

      Near the end someone in the audience asked about CDMA and GSM. The guy who answered the question (who seems to be a bit of a blowhard, constantly interrupting the others and taking over, grrrr) did not answer it correctly. CDMA and GSM networks still exist though they are being phased out. People who have older phones that are not HSPA- or LTE-compatible are still using CDMA or GSM networks.

      My phone older Moto G phone which I bought in 2014 and I still love is LTE-compatible but I keep data shut off most of the time so I’m leveraging my provider’s GSM or HSPA networks, whatever they have in the area where I’m using my phone. I read that my provide will start phasing out GSM and HSPA in a couple of years. There might be other providers that have done it already. Non-LTE is just fine for the vast majority of my phone use, I’m bummed if some day I have to do LTE all of the time and leave data turned on. :-/

      Liked by 2 people

    • Rynn69 says:

      TY for the post, Zippy.

      Like

  2. Tiffthis says:

    Wilburine with the back hand to Nancy. 🤣. Wilbur is a G 😎

    Liked by 5 people

  3. dufrst says:

    Wow 28,000 on the Dow! Another record! The US consumer is very strong and I believe strong enough to carry the economy to further expansion. They give Trump significantly more negotiating leverage in trade deals, as the US is clearly where the action is, as Trump would say.

    This higher stock market will only boost consumer confidence, increase their wealth and help the corporate sector expand, increasing hiring, wages, and overall economic growth. We are finally out of recovery (Obama years) and into a genuine, healthy economic expansion. MAGA!!

    Liked by 10 people

    • fangdog says:

      All the economic gains in all sectors of America would be immediately wiped-out if the Democrats and RINOS were to successfully remove President Trump. It would be an economic blood-bath as no other in American History. As it is, close to 50% Americans have no clue or appreciation they are being saved despite themselves.

      Liked by 4 people

      • Doppler says:

        Which says how worried the investor community is about impeachment, i.e., not at all.

        Liked by 2 people

        • fangdog says:

          Always keep in mind democrats have no commonsense. Otherwise they would not be democrats.

          How in the world can anyone with common sense wish for Trumps removal and thus risk the economic destruction of the American people?

          Liked by 1 person

          • Rhoda R says:

            Oh, but that is a commie’s wet dream.

            Liked by 1 person

            • VoteAllIncumbantsOut says:

              Last Friday I said we’d hit 3120 on the S&P by Monday, well, I was a week early.
              This ride is not over folks.

              When they talk volume in the markets, I would like everyone to know that when traders such as myself who go long and short the market make up this volume day in and day out.

              If I pick up 5 contracts long, I’m going to sell those same 5 contracts at a higher price, then when price hits a turning point or wants to reverse, I’ll go short 5 contracts and cover my 5 short at a lower price, 20 contracts right there, x’s a whole lot of traders, minus the swing traders or position trader, we make up the noise in the market.

              Commentators hate Wilbur Ross because he takes his sweet time getting to the point that’s why I love the guy so much. In fact, that’s probably my favorite trait of his, hahaha…
              Notice Maria wanting to rush through just like they all do, when they interview him, hahaha….

              Liked by 1 person

  4. 335blues says:

    In fact, the CCP cannot be trusted to stop practicing their “7 deadly sins”.
    Truly, Xi is a psychopath who sees himself in Mao-like delusions as the emperor
    of an entirely communist world. A world that mirrors china today, where humans are a commodity
    to be harvested to embellish the wealth of CCP leaders.
    I believe the actions of the democrat party right now, with the attempted coup of President Trump,
    are at the behest of the CCP.
    If Clinton had won the Presidency, an attempt to disarm America would have been
    staged, and we would be on our way to becoming a satellite of communist china.

    Liked by 6 people

  5. The Democrats along with the help of The Deep State(Bureaucracies) are trying to undermine anything good to help America….These fake investigations are cover “to do nothing” in the way of passing Bills to help Americans….Think, USMC, China negotiations, etc…It’s all about status quo…That’s how these corrupt Politicians become multi-millionaires…..Bribes….Which is disguised as lobbying…..

    Like

  6. Jimmy says:

    So that was what the animated conversation was about. Barr put the brakes on the deal.

    Like

  7. alliwantissometruth says:

    Oh that’s right, there’s many pressing problems and issues facing our country that need to be attended to

    Watching the democrats 24/7 corrupt and criminal coup attempt and the enemy of the people “media” coverage, you’d think there’s no other issues facing Americans

    Liked by 1 person

  8. coolflow@comcast.net says:

    The real test of Trump’s judgment as Commander in Chief in making decisions regarding our national defense will be determined by whether he stands firm on rejection of Huawei. He has caved in and given the House Democrats everything they have demanded on several other critical issues regarding national security. Furthermore, he recently promised to cave in on the illegal alien issue, which has pissed off Ann Coulter so much that she no longer supports him. I realize that Trump has been hampered by the Democrats & media, and has had to focus on matters that he doesn’t have to depend on the House Democrats for support. His economic policies have apparently been successful, but with the huge debt clock ticking away, it remains to be seen when the economic bubble will burst. We just don’t know how much, or if there is ANY gold in Ft. Knox to support the dollar. And, it is for certain that to the extent that the dollar is unsupported by gold, we are running on fumes and that if the public loses confidence in the dollar, and we are no longer able to debt service what we owe, the bubble will burst.

    Like

    • fangdog says:

      Debt is relative to net-worth. A dollar in debt with a minus net worth of two-dollars is theoretically bankruptcy.

      Like

    • Miller says:

      Take a hike rolcon troll.

      Liked by 8 people

    • GP says:

      Hi CoolFlow-I have long doubted Trump’s stance on immigration. I recall Trump tweeting to H1Bas that they should “rest easy” and not worry about their jobs. Trump knows full well that the H1Bs are getting jobs (in IT for instance) that American’s need. Kids go in debt to get a degree in IT only to find the jobs are being given to someone from another country. DO NOT buy into the talk that these H1Bs from India are geniuses and way better at IT than our guys. Some are pretty good, but on the whole, I worked circles around them.

      They may be building a wall, but I saw tweets just today that the illegals are still pouring in.

      Like

  9. dufrst says:

    Bottomline, if China doesn’t make this deal, they give Trump more leverage. He will immediately raise tariffs. They have no choice. Wall Street understands this too and I think Wall Street understands this impeachment ain’t going anywhere. MAGA!

    Liked by 3 people

  10. Brian Carey says:

    If USMCA were to pass, it might lessen the need for a Chinese trade deal. Agricultural exports are not necessarily dependent on such an agreement, and although it would be advantageous in a longer term perspective, it appears to be within a limited 3 year timeframe. I’d much rather see a ‘supply-chain re-distribution’ away from China back to the US, Canada, and Mexico rather than SE Asian countries,but market forces being what they are let the chips fall where they may.

    President Trump was rather strict against Communism in his address to the United Nations and, in particular, Venezuela, but we see in Hong Kong the same totalitarian oppression being meted out against those whose liberties are being taken away from them. Funding the rise of China as we have for the last 30 years must be something of which the President is keenly aware, and the links of Huawei and ZTE with Silicon Valley has already had such a stifling affect across the social media platform to the detriment of our own God given rights. 5G has the overtones of submission to an AI construct beholden to those who have already been programming ‘social credit’ scoring. We can’t say Orwell didn’t warn us as Huxley encourages us to drink the fluoridated and be happy!

    President Trump’s first term is turning out to be a pleasant surprise exceeding my own expectations, but I wish he’d tune down the Dow tweets a bit. While most of the gains are impressive, the role of the Federal Reserve and Central Bank interventionism is enough to make RBG appear healthy. Perhaps the Dem strategy will be to blame a government impasse on a spending agreement to overshadow the importance of USMCA and provide cover for the Impeachment Inquiry gone off the rails. We’ll see soon enough.

    Like

  11. A2 says:

    I will just drop this here.

    Fantastic thread by Michael Nicoleto with charts and sources on China’s Mysterious GDP. Unmissable.
    Retweeted by
    Tony Nash
    @TonyNashOnAsia
    ·
    23h
    🇨🇳🤯THIS!!! The whole thread is fantastic, but this… 10 units of credit required to generate 1 unit of GDP. 🤯🤯🤯

    👇👇👇

    Michael Nicoletos
    @mnicoletos
    ·
    Nov 14
    A Thread on #China. Some data and some thoughts. I hope you find it useful.

    What’s different about China’s GDP number?
    Is China growing at 6% as it lets everyone else believe?
    Can China come out of this without devaluing its currency?

    https://mobile.twitter.com/mnicoletos/status/1194933054286028800

    Liked by 3 people

  12. ElGato says:

    I could listen to Wilbur talk for hours. Not a wasted syllable. One of the Original “Killers” President Trump spoke about on the campaign trail. Absolutely brilliant!

    Liked by 4 people

  13. Harish V says:

    Wow 28,000 on the Dow! Another record! The US consumer is very strong and I believe strong enough to carry the economy to further expansion. They give Trump significantly more negotiating leverage in trade deals, as the US is clearly where the action is, as Trump would say.

    This higher stock market will only boost consumer confidence, increase their wealth and help the corporate sector expand, increasing hiring, wages, and overall economic growth. We are finally out of recovery (Obama years) and into a genuine, healthy economic expansion. MAGA!!

    Like

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