During a pause between meetings President Trump sat down for an interview with CNBC in Davos, Switzerland. Joe Keren notes the talk of Davos is the strength of the U.S. economy and how the results of the America-First national economic policies of President Trump are stronger than all Davos attendees anticipated.
This wide-ranging interview may even be better than the Fox Business interview as it presents more depth of insight into the next steps for President Trump’s global trade reset. Obviously Europe is not looking forward to negotiating new reciprocal trade agreements with the Trump administration. WATCH:
President Trump traveled overnight to Davos-Klosters, Switzerland, to attend the World Economic Forum. [Livestream Links and Daily Schedule Below] I found it very interesting that Secretary of State Mike Pompeo was not on the Dec. delegation list.
The U.S. Delegation includes: Treasury Secretary, Steven Mnuchin; Commerce Secretary, Wilbur Ross; Labor Secretary, Eugene Scalia; Transportation Secretary, Elaine Chao; U.S. Trade Representative, Robert Lighthizer; Under Secretary for Growth, Energy and Environment (DoS), Keith Krach; Asst to the President, Ivanka Trump; Asst. to the President, Jared Kushner; and Asst. to the President / Deputy for Policy Coordination, Christopher Liddell.
The 2020 Davos economic conference will be a little more important to watch this year (as it was in 2017) due to the completed U.S. Trade Agreements (S Korea, Japan, Mexico, Canada, and China) and the predicted focus for the Trump administration to pivot from Asia to the EU and U.K. for the next critical phase of the ‘America-First’ global trade reset.
There will likely be a great deal of attention upon the opening remarks by President Trump scheduled to be delivered at 5:30am ET / 11:30am Switzerland. UPDATE: Video Added
Ohio congressman Jim Jordan appears with Maria Bartiromo to discuss the full background of the FBI surveillance impetus and how the bigger picture brings all of the government activity forward to the actions behind an impeachment trial.
In the full picture, the totality of government effort, the arc of all swamp action, has been to remove a president who is everything these administrative state officials oppose. It is the independence of a Peoples’ President that represents the threat to the system…
White House manufacturing policy advisor Peter Navarro has an interview today to discuss the enforcement mechanisms behind the U.S-China trade agreement.
One of the interesting points Navarro raises is how the intellectual property provisions align with the newly initiated Customs and Border Protection “operation megaflex” where thousands of packages from China are opened looking for counterfeit goods.
According to Navarro the operation has identified a counterfeit rate of ten percent; fake goods and contraband narcotics. China prosecuting these identified companies becomes part of the compliance system to see if China is adhering to the agreement.
MAGAnomics – National Association of Manufacturers (NAM) President and CEO Jay Timmons describes how President Donald Trump has “delivered” for manufacturers, noting that “promises are being kept” on tax reform, regulation, and trade.
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The passage of USMCA in combination with incentives for domestic manufacturing investment in the U.S.; and overlayed with the framework of the China ‘phase-one’ agreement, has set the foundation for a competitive North American manufacturing alternative to southeast Asia. The capital investment will follow. America First! (more…)
White House Manufacturing Policy Advisor, Peter Navarro, appears on Fox Business with Charles Payne to discuss the ramification of China ‘phase-one’ and the USMCA for the middle-class blue-collar economy. Excellent interview, WATCH:
Treasury Secretary Steven Mnuchin appeared on Fox News with Brett Baier for a more detailed discussion of the U.S-China ‘phase-one’ trade agreement. Additionally, Secretary Mnuchin discussed the status of sanctions with Iran and his view on impeachment.
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…and Brett Baier is a human cabbage patch doll. (more…)
After the signing ceremony to celebrate a historic U.S-China ‘phase-one’ trade agreement, President Trump and the U.S. trade delegation hosted Vice-Premier Liu He and the Chinese delegation for a luncheon. [Video and Transcript Below]
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[Transcript] – PRESIDENT TRUMP: I thought that we would do it the way other; that the more I thought about this, the better it is. It’s — you can get your arms around it better the way we’ve got it. I like it better the way we’ve done it.
I just want to say this is a great day for both China and the United States. This is an agreement that people have been talking about for 40 years and never were able to get even a piece of paper signed. And we never had an agreement. And this is going to be a great agreement for both countries. It’s far greater than $200 billion, and it’ll grow every year. It also unifies the countries.
White House National Economic Council Director Larry Kudlow appears on FOX Business for his first interview since the signing of the U.S.-China trade deal. Mr. Kudlow is optimistic but also shares notes of caution for the compliance and enforcement aspects.
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In the background of the delegation it should be noted Chinese Chairman Xi Jinping sent a hard-line handler, Commerce Minister Zhong Shan, to accompany the more moderate Vice-Premier Liu He. Zhong Shan was noted at the center of the signing ceremony and directly opposite Robert Lighthizer at the luncheon.
The two Beijing representatives highlight the ongoing Dragon -vs- Panda dynamic within China.
Internal to Chinese politics…. If the reformers are successful (Liu He) the compliance and enforcement mechanisms will succeed and ‘phase-one’ will lead to future negotiations. However, if the hardliners block reform (Zhong Shan), then the compliance and enforcement mechanisms will fail and ‘phase-one’ becomes a dead end. (more…)
Earlier today President Trump, together with his trade delegation and the delegation from China represented by Vice-Premier Liu He, signed a new, fully-enforceable Phase One Trade Agreement. This is the first ever trade agreement any nation has attempted to change the dynamic of how a free-market system (USA) can engage with the Communist system within China. [Video Below – Transcript ADDED]
While ‘phase-one‘ was structurally created to set the foundation, and test the principles of enforcement, this historic trade agreement will frame the text that all other free-market nations will follow in their own efforts to come to a substantive agreement with Beijing.
This is a really big deal on a worldwide scale of international commerce. Structurally the biggest changes inside China relate to Intellectual Property protections, U.S. ownership of assets, and changes within the Chinese legal system to stop Forced Technology Transfer.
During the ceremonial remarks Vice-Premier Liu read a statement from Chinese Chairman Xi Jinping to commemorate this historic trade agreement.
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[Transcript] PRESIDENT TRUMP: Thank you very much. Please. We greatly appreciate your joining us at this White House event. This is a very important and remarkable occasion.
Today, we take a momentous step — one that has never been taken before with China — toward a future of fair and reciprocal trade, as we sign phase one of the historic trade deal between the United States and China. Together, we are righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers, and families.