The American electorate are wide-eyed and well aware of how President Obama and Vice-President Biden were co-enablers to Chinese duplicity on a wide range of aspects including theft of U.S. intellectual property, economic espionage and exfiltration of U.S. wealth.

Against that backdrop; and understanding the political risk inherent within the policy of the former administration; ABC News’ George Stephopoulos enters with his rehearsed narrative to cloud the truth.  However, White House China-hawk and policy advisor Peter Navarro easily and righteously smacks down the Biden/Obama political defenses fabricated by a combative Stephanopoulos with the atomic sledgehammer of truth.

When Stephanopoulos tries to use the Rick Bright whistle-blower narrative; Navarro squished Stephanopoulos into a puddle of political mush…

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A visibly angered President Trump told Maria Bartiromo he “doesn’t want to talk to China right now” and expresses a more open opinion that we should just decouple from all economic attachment to China.  This is a seismic shift in tone toward Beijing.

All administration policy and economic influence is now targeted to remove Chinese manufacturing from the U.S. supply chain. President Trump and white house officials openly discussing a U.S. effort to decouple from China is a significant shift.

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President Trump has been creating a dual position for several years; this is very unique because it is the same strategy used by China.  By expressing a panda face, yet concealing the underlying dragon, President Trump’s policy to China is a mirror of themselves.

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White House trade and manufacturing policy advisor Peter Navarro appears on Fox News to discuss the administration’s outlook toward China and the intense focus to bring critical manufacturing back to the U.S.

Earlier in the day a visibly angered President Trump told Maria Bartiromo he “doesn’t want to talk to China right now”, and Navarro highlights exactly why.   All administration policy and economic influence is targeted to remove Chinese manufacturing from the U.S. supply chain.  President Trump officials openly discussing an intentional U.S. effort to decouple from China is a significant shift…. WATCH:

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Commerce Secretary Wilbur Ross has been in discussions for several years with both TSMC and Intel to build advanced chip manufacturing plants in the U.S. and extract U.S. supply chain needs from China and southeast Asia.  It appears his efforts, and the emphasis on global supply-chain shifts from President Trump, are getting results.

According to numerous media reports Taiwan Semiconductor Manufacturing Co (TSMC) is likely to announce this week they will build an advanced chip manufacturing facility in Arizona.  A manufacturing facility for advanced 5 nanometer chip manufacturing is a steep investment decision costing around $10 billion.

This shift in a high-tech supply chain will align with President Trump’s prior discussions with Tim Cook the CEO of Apple which led to a decision to invest in Texas.  TSMC is a chip supplier for Apple products; and Apple is moving to the 5nm processors in new devices. It looks like the movement of advanced industrial products away from China is underway.

(Via Appleinsider) – Apple supplier Taiwan Semiconductor Manufacturing Co. is set to announce that it plans to build an advanced chip factory in Arizona.

Taiwan-based TSMC is the world’s largest contract manufacturer of silicon chipsets and has long been Apple’s primary supplier of A-series chips.

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White House Director of Trade and Manufacturing Policy Peter Navarro appears for an interview with Maria Bartiromo.  As a China hawk Navarro outlines the economic damage from a perspective where China needs to be held accountable.

One of the ways to hold Beijing accountable is to retract all U.S. business interests and decouple from China.  The White House is currently using a task-force approach to assemble the background evidence.  Once assembled, many people suspect President Trump will initiate very strong policies against China (including tariffs) simultaneously timed with tax incentives for U.S. companies to return manufacturing back to the U.S.

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If you think about the economic vulnerabilities currently carried by China, it is entirely possible for USTR Lighthizer, Secretary Mnuchin, Secretary Ross and Peter Navarro to structure serious financial punishment upon the Red Dragon.

At no time in the past twenty years has Beijing been more vulnerable to an economic adversary.  At the same time, there has never been a more strategic economic adversary in the oval office. This is a conspicuously remarkable moment in history.

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Senator Tom Cotton appears on Fox News to discuss the latest revelations that COVID-19 came out of a laboratory in Wuhan, China.  Martha MacCallum attempts to push the Beijing propaganda of wounded panda as a victim; Senator Cotton outlines the importance of accepting that China is a communist totalitarian state.

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Wall Street’s U.S. multinationals moved the majority of U.S. apparel manufacturing to southeast Asia for the past several decades; as a result they virtually wiped out major apparel hubs in the United States.  Now those same multinationals are claiming their production shift to making masks and PPE in China means the tariffs on imports should be lifted; and they are sending their corporate lobbyists into DC to pitch that message.

Nonsense.

There are no tariffs on U.S. healthcare products made in the USA.  If the apparel industry wants to avoid tariffs, then bring the manufacturing back home.  Critical manufacturing in the United States is what U.S. consumers of those and other goods want.

President Trump should not lower tariffs on imported PPE, he should actually raise those tariffs as high as needed to shift that manufacturing back to the U.S.

The time is now to wage battle against the Wall Street manufacturers & K-St lobbyists.

WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.

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Senator Tom Cotton appears on Fox News with Maria Bartiromo to discuss how China handled the Wuhan Virus and their intentional manipulation of information in order to achieve their geopolitical goals.

After China intentionally seeded the world with their virus they continued to collect all of the global PPE so they could use it later as geopolitical leverage and a profit opportunity. Senator Cotton is calling for a complete structural change in our relationship with China to include: removal of critical manufacturing from China and the suspension of all Chinese visas.

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Reports of North Korea’s Kim Jong-un being in poor health, and/or dead, have been swirling for days.  President Trump said he did not trust the initial media reports and Secretary Mike Pompeo said “we’re watching the situation very keenly.”

Reuters is reporting today that China sent a team including doctors into North Korea to assist Chairman Kim; again, depending on the actual status of the DPRK leader, the delegation could mean a rather large difference in what’s going on.

China controls North Korea; it is simply part of their cunning geopolitical strategy to use the DPRK for their own interests and simultaneously have plausible deniability for it.  In essence Chairman Kim is the hostage of Chairman Xi Jinping, and the world has a poor understanding of the complexity created by this dynamic.

If Kim Jong-un is in a very serious physical state (and/or dead) then the visit by the Beijing delegation would likely be to establish the terms and conditions for his successor.  Again, another captive for the Chinese regime that must present an entirely different face to the world.  Hopefully this is not the issue and Chairman Kim will recover.

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A very big picture discussion requires a considerable baseline.

The stock market is not the U.S. economy; the stock market is an investment instrument that determines valuations of economic activity company by company. The valuation is considerably arbitrary, based on the determinations of the arbiters (investors). This is empirically true.

However, that said, how would the multinational underwriters, the multinational financial systems, reset all transactional tables (the bookkeeping systems underneath the valuation) …if the U.S. stock market was every forced to re-value economic nationalism over multinational globalism?    Enter “Coronavirus”.

Four years ago CTH first explained a new way to look at the U.S. economic system and how Main Street was/is disconnected from Wall Street.  We presented a metaphor to explain. Before going deeper into the discussion of tomorrow; and at the request of several people who now accept the era of “deglobalization” is upon us,  I first present that prior reference & then will use this as the baseline to describe what could come next.

There is a key phrase at the fulcrum of everything past:

…there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).

What we are going to outline in part II is the possibility what happens when this natural truism is reversed.  The objective is to answer: How, specifically would Wall Street reset its evaluative systems if Main Street once again emerged as the priority?

But first, a baseline revisit is needed.

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