The United States is hosting the G20 Summit this year.  As part of the G20 Process various ministers and ambassadors from all of the G20 ministerial sessions, attend summits in the lead-in to the political leader summit in Miami this December.

During the opening session of the G20 trade plenary session, Greer outlined four strategic priorities that President Trump is bringing to the center of the G20 trade group this year. “There are four workstreams the U.S. Presidency has focused on over the course of the year: (1) the weaponization of food, (2) structural excess capacity and production, (3) the Most-Favored-Nation principle, and (4) forced labor in global supply chains.” [READ MORE] These were the directed topics at the beginning of the summit.

Speaking from Milwaukee, Wisconsin, at the G20 Trade Ministerial Session, U.S. Trade Representative Jamieson Greer gives important remarks and answers questions from the media at the conclusion of the two-day event. WATCH: 

Within one question from an EU/Canada media stenographer, there’s a rather brutally obvious statement from USTR Greer. Absolutely epic. Both Canada and Europe are missing a very key something from their economic model, CONSUMERS!

Instead of focusing on growth within their domestic economies, both Canada and Europe rely on the USA to provide the CONSUMERS for their goods. Negotiating from that position is not too difficult.

ESSENTIALLY, currently Canada sends their overproduction to the USA (hence their trade surplus). Currently the EU send their overproduction to the USA (hence their trade surplus). Block those inbound surpluses and what exactly is Canada and the EU going to do with their newly acquired excess?

The two lowest growth economic systems, that are both missing the critical component of ‘consumers’, are going to send their excess products to each other?  Think about it.

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