Earlier today President Trump announced via Twitter the date and location for the upcoming denuclearization talks between the U.S. and North Korea.

As announced, the summit between President Trump and Chairman Kim Jong-un will take place in Singapore on June 12th, 2018.

In the days leading up to the Singapore summit, there is a G7 meeting in Quebec, Canada, on June 8th and 9th.  The timing affords France, Germany, Italy, Britain, Japan and Canada an opportunity to share their perspectives, and simultaneously provides an opportunity for President Trump to solidify international support in advance of the summit.  Importantly the G7 allows time with Shinzo Abe of Japan.

South Korean Prime Minister Moon Jae-in is scheduled to visit the White House May 22nd, to brief President Trump on his prior meeting with Chairman Kim and discuss regional strategy and key issues for the Korean peninsula.

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President Trump’s MAGAnomic team have announced a 30-day extension for the Steel (25%) and Aluminum (10%) tariffs for the European Union, Canada and Mexico.

Also, after a prior agreement with South-Korea, the “KORUS” deal, team U.S.A. has also reached an agreement in principle with Australia, Argentina and Brazil which will be finalized in next 30 days.

Via Wall Street Journal – President Donald Trump has decided to postpone decisions about imposing steel and aluminum tariffs on the European Union and other U.S. allies until June 1, a senior administration official said.

In addition to announcing the delay, the White House is expected to say Monday evening that it has finalized a deal to exempt South Korea from the tariffs, mirroring details that have been previously released by the U.S. Trade Representative’s office.

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Absolutely stunning remarks today from North Korean Leader Kim Jong-un.  Not only do both Kim Jong-un (North) and Moon Jae-in (South) discuss peace, but the DPRK actually goes the full-way-forward toward a unified Korean peninsula.  Jumping ju-ju bones, these remarks are absolutely gobsmacking.

Kim Jong-un remarks begin at 09:00 of video below.  MUST WATCH:

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This is incredible. Not only does Kim Jong-un commit to a fully denuclearized Korean peninsula, but also the ending of all hostilities; the end of the Korean war; and stunningly the process to begin entering a phase for a completely unified North and South Korea.

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The Senate voted Thursday to confirm CIA chief Mike Pompeo as President Trump’s next secretary of state.  Secretary Pompeo was confirmed on a 57-42 vote.  All Republicans present voted to confirm Pompeo. Seven Democrats voted yes.

After the vote, Pompeo was sworn in by Supreme Court Justice Samuel Alito in the West Conference Room of the Supreme Court:

I am pleased with the Senate’s confirmation of Mike Pompeo to serve as our country’s top diplomat. Having a patriot of Mike’s immense talent, energy, and intellect leading the Department of State will be an incredible asset for our country at this critical time in history. He will always put the interests of America first. He has my trust. He has my support. Today, he has my congratulations on becoming America’s 70th Secretary of State.

~ President Donald J Trump

U.S. Trade Representative Robert Lighthizer and the trade ministers from Canada and Mexico are not in Washington DC this weekend; however the trade staff from all three nations stayed in DC working to finalize agreement on NAFTA with increased urgency.

The nation pushing hardest to complete an agreement quickly is Mexico.  The Mexican national election is July 1st and the soft-Marxist Andres Manuel Lopez Obrador (AM LO) has increased his lead.  AM LO is now 22 points ahead of his next closest competitor. Lopez Obrador, a self-described Hugo Chavez ideologue, is guaranteed to win – and Mexico will become Venezuela 2.0 within five years.

The looming Mexican election, and the radical political departure therein, means if a deal is not made soon, there will be no deal.

Andres Manuel Lopez Obrador will likely nationalize large segments of the Mexican economy for more progressive wealth distribution…. Enter, quickly, and with a transparency in their desperation, the multinational corporations who have already invested hundreds of billions into Mexican ports, transportation infrastructure, raw material procurement contracts, manufacturing/processing and assembly facilities, and all around exploitation of NAFTA as a tariff-free, profit-driven, back-door to the U.S market…

Yes, as oft repeated, there are trillions at stake.

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In the past 48 hours South Korea (Moon Jae-in) and North Korea (Kim Jong-un) have been working out the details of their upcoming summit.  Within the discussions between North and South Korea some stunning news has surfaced.

♦ Yesterday Moon Jae-in announced that North Korea had agreed to complete denuclearization of the Korean Peninsula without any preconditions or expectations of changes in the relationship between the U.S. and South Korea:

SEOUL, South Korea — North Korea has expressed its commitment to “complete denuclearization” of the Korean Peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain “maximum pressure” on Pyongyang.

[…] “I don’t think denuclearization has different meanings for South and North Korea,” Moon said during a lunch with chief executives of Korean media companies. “The North is expressing a will for a complete denuclearization.”

“They have not attached any conditions that the U.S. cannot accept, such as the withdrawal of American troops from South Korea,” he continued. “All they are talking about is the end of hostile policies against North Korea, followed by a guarantee of security.”  (read more)

As the summit discussions continued today; and to assure the previous U.S. envoy CIA Director Mike Pompeto; and in affirmation of direct talks with President Trump; North Korea made an even more stunning statement from the Korean Central News Agency:

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White House Press Briefing by National Economic Council Director Larry Kudlow and National Security Council Senior Director for Asian Affairs Matthew Pottinger. Today’s briefing is happening during a Presidential summit with Japanese Prime Minister Shinzo Abe.

Kudlow is discussing the trade and economic issues; Pottinger is discussing national security issues surrounding negotiations with North Korea.  As Secretary Ross has stated frequently: “Economic Security is National Security.”

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[Transcript] West Palm Beach, Florida – 12:20 P.M. EDT – MR. KUDLOW: I’ll just say to start, before we take some questions, this is a very important meeting. A lot of really key issues are on the line. You obviously know about the foreign policy side regarding North Korea, which is a major, major issue for Japan and for the United States.

On the economic and trade side, there will also be very important issues. Japan is a great friend and ally. We have certain disagreements with respect to some of the trading issues. We’ll iron those out, hopefully.

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Too funny.  The one constant in an ever-changing financial universe has been Donald Trump’s three-decade-long position on U.S. trade and Main Street economic policy.  However, despite this reality the Wall Street purchased politicians continue to think their opposition to Trump will create leverage to influence his economic views.

Last week’s example was Senator Ben Sasse and the purchased clan of BIG-AG, who demanded President Trump re-enter the Trans-Pacific Partnership trade deal.

POTUS Trump, in a transparently familiar response, told Larry Kudlow to “take a look at it.”  The GOPe immediately began backslapping, the corporate media went joyfully bananas and Lou Dobbs was mad.  CTH said relax:

Well, here’s Kudlow today:

(Bloomberg) White House economic adviser Larry Kudlow downplayed the possibility the U.S. would enter into negotiations to rejoin the Trans-Pacific Partnership trade pact, calling it more of a “thought than a policy” for now.

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“We’ve also started talking with North Korea directly. We have had direct talks at very high levels, extremely high levels, with North Korea. I really believe there’s a lot of good will. Well see what happens, as I always say. Because ultimately its the end result that counts.”  ~ President Donald Trump

The formal bilateral meeting began shortly before 4 p.m.  POTUS Trump and PM Abe together with translators and delegations.  The U.S. side: Deputy Secretary of State John Sullivan, Chief of Staff John Kelly, National Security Adviser John Bolton, US Ambassador to Japan William Hagerty and National Security Council  Asia director Matthew Pottinger.

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Prime Minister Shinzo Abe said their one-on-one meeting was productive. On North Korea, “for the first time in the history of the world there will be a summit meeting between the United States and North Korea”, Abe said. Prime Minister Abe said “Trump has applied maximum pressure on the North and credited it for leading to the direct talks.”

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President Donald Trump welcomes Japanese Prime Minister Shinzo Abe for a summit at Trump’s Mar-a-Lago estate in Florida.  The President and PM Abe have a long-standing friendship.

Among the topics for the summit will be ongoing U.S./Japan trade initiatives, and important discussions about security for Japan as talks continue between South Korea (Moon Jae-in) and North Korea (Kim Jong-un).

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