The border and migration “agreement” with Mexico is a smart move by President Trump. If you worry that Mexico won’t take any action, well, don’t underestimate the dynamic President Trump just put into play.
Financial investment flows based on expectation, probability and risk management. If you don’t think Mexico will follow-up with their end of the bargain; then you are predicting the tariffs will reappear in 90-days.

Overlooked by most of the financial pundits President Trump has pre-positioned risk management actuaries with the basis for their analysis and internal investment advice. In a similar move last year, President Trump suspended tariffs against China based on an agreement (G20 summit in Argentina). After several months and a 150 page initial agreement of principle, China walked away from their prior promises and  terms.  The tariffs against China were immediately implemented at the previous rate.
That China example with tariffs is now the baseline for all multinational investment to consider as they review their current exposure in Mexico. If any financial investor (bank or corporation) believes Mexico will not adhere to the border/migration agreement, then by extension they are accepting/predicting the Mexican tariffs will take effect in 90-days.
Put another way… President Trump has just given notice to all global business interests to organize their financial affairs toward Mexico within 90 days.
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President Trump sat down for an extensive interview with Laura Ingraham to discuss the D-Day commemorative event and a variety of current event topics including: Tariffs on Mexico, Nancy Pelosi and impeachment threats, China trade confrontation and the relationship between President Trump and H.M. Queen Elizabeth.

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President Trump and First Lady Melania return from Ireland today. Schedule below.
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When President Trump began confronting China on trade practices, there was always a likely totalitarian Chinese response. The inevitable response when confronting the duplicitous dragon is always an attack; it’s the only way Beijing knows how to respond.

Last week Beijing threatened to take action against any corporation who would be perceived as working against the interests of the state.  This week communist Beijing begins doing exactly that:

(SCMP) China’s antitrust regulator slapped a US$23.6 million fine on Ford Motor Company’s Chinese venture for restricting sales prices in its hometown, taking the second such action against US carmakers in three years as trade tensions deteriorated between the world’s two largest economies.

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All your interests are belong to us…. There was previous discussion of how Beijing would respond if/when their economic interests were challenged. In essence, the prediction was that China would drop the panda mask and revert back to their oppressive totalitarian tendencies.

It is an interesting dynamic because the more the communist state moves to punish and control western business interests, the less likely any western investment flows into China. It’s a simple question: Why would anyone want to engage a business relationship inside a totalitarian system that could move at any moment to control your business?

(South China Post) China will publish a list of “unreliable” foreign entities deemed to have damaged the interests of Chinese firms – a move set to ratchet up tensions in its escalating conflict with Washington, after the US government blacklisted Chinese telecoms giant Huawei.
The Ministry of Commerce said on Friday that it would blacklist foreign businesses or individuals that violated market rules and contractual obligations, or took “discriminatory measures” to hurt Chinese business rights and interests, as well as national security and interests.

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Vice-President Mike Pence traveled to Canada today as an emissary of the Trump administration to support Canadian passage of the USMCA trade agreement.
According to Reuters media reports the vice-president was focused on the importance of a strong North American economic alliance, and how a united tri-lateral agreement can form a geopolitical hedge against influence from communist China and socialist ideologies in Cuba and Venezuela. Justin from Canada expressed his perspectives over diminished women’s rights, U.S. abortion laws, the important contributions of a transgender workforce, climate change and the NBA championship playoffs…. Yes, really:

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Meanwhile in Mexico: “The Senate, controlled by Lopez Obrador’s National Regeneration Movement (MORENA) and its allies, should approve the United States-Mexico-Canada Agreement (USMCA) once it has passed through congressional committee, the president said.” (link)
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Steve Bannon is in Paris, France as the nationalist wins in the EU parliamentary election results fill the headlines.  Additionally, Bannon gives his opinion on the strategic importance of President Trump’s recent state visit to Japan.

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“Economic security is national security“… I would emphasize the strategy within the multi-layered geopolitical economic reset is all President Trump.  The restoration of a sovereign U.S. economy, and the increases in Main Street American wealth, is Donald Trump’s primary agenda item.  The President listens to advisers on a variety of economic and trade matters, but the America-First policy strategy is all his.
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A fascinating press conference from the standpoint of President Trump and Prime Minister Shinzo Abe’s united position toward the dynamic of North Korea.
It is obvious that Trump and Abe have a strategy for the next step in engagement with Chairman Kim Jong-un.  Notice how PM Abe gives prepared remarks specifically about direct talks, face-to-face talks, with Chairman Kim, facilitated by President Trump opening the door:

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Obviously President Trump trusts Prime Minister Abe as a strategic ally; and a big component of this state visit is the two leaders coordinating regional security issues. China confronted/contained, and simultaneously both partners working on the hostage rescue of Chairman Kim is incredibly consequential.
The strategic value of this state visit is much more than surface appearances.
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As once noted by CIA Director Mike Pompeo, U.S. President Donald Trump often does geopolitical messaging through twitter that is missed by the U.S. media but hits the target as subtle as a brick through a window. President Trump’s latest tweet on North Korea is a prime example.
If you view this tweet with the perspective that Chairman Kim Jong-un is essentially a hostage of Beijing masters, controlling the upper tier of his military, things make a lot more sense:

…And given the nature of the public comments by President Trump and Prime Minister Abe (transcript pending) during the current state visit; it would appear that Trump has enlisted Abe in hostage rescue efforts.
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President Trump is holding a White House event to support Farmers and Ranchers and announce a transitionary aid package to help during the restructuring of the global supply chain and a reset in U.S-China engagement. Anticipated start time 3:15pm EDT.
Quite a remarkable presser.
UPDATE: Video Added

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The headlines are once again examples of an ideological media. “Stunning”, “surprising”, “unexpected”, etc.  However, far from the headline ideology; in a result that is splendidly falling into place for a much more consequential geopolitical landscape; things are going swimmingly…

Reuters Headline: “India’s Modi stuns opposition with huge election win”

NEW DELHI/AYODHYA (Reuters) – Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.
His re-election reinforces a global trend of right-wing populists sweeping to victory, from the United States to Brazil and Italy, often after adopting harsh positions on protectionism, immigration and defense.

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