Quantcast

There are Trillions at Stake…

There’s a lot of news this week reflecting a great deal of oppositional alignment against the presidency of Donald Trump. CTH can get down in the weeds of each specific issue to discuss the motives and intents (we will, and do), but the big picture MUST remain at the forefront of understanding. If we lose track of the big picture, the weeds are overwhelming.

…“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”
~ Niccolò Machiavelli


♦POTUS Trump is disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. middle-class.  He is fighting, almost single-handed, at the threshold of the abyss. Our interests, our position, is zero-sum; if POTUS Trump fails, there will never be another available route to confront the Big Club.
President Trump’s aggregate opposition seeks to repel and retain the status-quo. They were on the cusp of full economic control over the U.S. just before candidate Trump snatched away their victory.  There are trillions at stake. They won’t make that mistake again.
(more…)

Happy Panda – Ambassador Lighthizer and Secretary Mnuchin Meet Chairman Xi Jinping…

United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin concluded the second round of trade negotiations in China with a meeting with Chinese Chairman Xi Jinping and Vice Premier Liu He.
Both teams are working on a way-point memo of understanding (MOU). Talks will continue. Both sides extending diplomatic courtesies and presenting an optimistic face.


.
[White House]  This week, at the direction of President Donald J. Trump, officials from the United States traveled to Beijing to continue negotiations on the trade relationship between the United States and China. On the United States side, the talks were led by Ambassador Robert E. Lighthizer, the United States Trade Representative, and the Honorable Steven T. Mnuchin, the Secretary of the Treasury.
(more…)

U.S. Trade Delegation Likely to Meet Chairman Xi Jinping Friday….

Secretary of Treasury Steven Mnuchin and U.S. Trade Representative Ambassador Robert Lighthizer are currently leading another round of trade negotiations in China.  Recent reporting indicates the U.S. team will meet with Chairman Xi Jinping at the conclusion of this round of discussions.

At the conclusion of the previous round of discussions in Washington DC, President Trump invited the Chinese delegation to the Oval Office. The surface panda-face diplomacy appears to be based on reciprocity; however, there is no indication President Trump and Chairman Xi are making any efforts for a meeting.

BEIJING – China’s President Xi Jinping “is scheduled to meet” key members of the US trade talks delegation, including US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, in Beijing on Friday, according to sources close to the matter.

(more…)

President Trump Announces U.S. Trade Delegation to China…

The White House announces the primary trade negotiators who will be heading to China next week for another round of trade discussions.  In the background, yesterday President Trump announced there was no planned meeting between himself and Chinese Chairman Xi, which would indicate there is still a considerable distance between the trade delegations.
USTR Robert Lighthizer is the tip-of-the-spear, and has been very direct about his approach.  Lighthizer stated that without very specific, actionable and measurable deliverables included in the terms of agreement, the March 1st tariff increase will proceed without impairment.

[White House] Today, President Donald J. Trump announced the members of an official United States delegation to China to discuss the trade relationship between the two countries. United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin travel to Beijing for principal-level meetings that will take place from February 14 through February 15, 2019. These meetings will be preceded by deputy-level negotiations that will begin on February 11, 2019, led by Deputy United States Trade Representative Jeffrey Gerrish.

(more…)

Secretary of State Mike Pompeo Discusses Upcoming Summit With President Trump and Chairman Kim Jong-un…

Last night President Trump announced he will be meeting with North Korean Chairman Kim Jong-un in Vietnam on February 27th and 28th.  [Note: remember the deadline for China trade deal is March 2nd]   Secretary of State Mike Pompeo appears on Fox Business with Maria Bartiromo to fill in some details:


.
In the segment below Secretary Pompeo discusses China:
(more…)

President Trump's Strategic Statement Toward Beijing and Pyongyang…

One of President Trump’s more strategic messages within the State of the Union speech last night surrounds his statement toward China, Chairman Xi, and the proxy province of North Korea, Chairman Kim.  Emphasis mine:

[…]  “As part of a bold new diplomacy, we continue our historic push for peace on the Korean Peninsula. Our hostages have come home, nuclear testing has stopped, and there has not been a missile launch in 15 months.”
“If I had not been elected President of the United States, we would right now, in my opinion, be in a major war with North Korea. Much work remains to be done, but my relationship with Kim Jong Un is a good one. And Chairman Kim and I will meet again on February 27 and 28 in Vietnam.”

Beyond announcing the dates and location for the next summit between President Trump and Chairman Kim Jong-un; many domestic political opponents, and even some allies, might criticize the highlighted part of the statement from the position of self importance.
(more…)

President Trump Implies Majority of China Trade Conflict Trending Favorably – Few Noted the Signal…

One of the reasons we highlight the full transcripts of President Trump’s comments, when available, is because within any back-and-forth you can often notice a signal.  This past week was no different.
The day after President Trump hosted a meeting between U.S. and Chinese officials in the Oval Office, he answered a question during an unrelated White House meeting on human trafficking.
Here’s the off-topic transcript:

Q Mr. President, are you thinking of adding on a meeting with Xi Jinping on the back end or the front end of the meeting with Kim?
THE PRESIDENT: Yeah, I’m thinking about it.
Q How close are you —
THE PRESIDENT: I mean, some of you were there yesterday. We had an incredible meeting yesterday with the Vice Premier of China — a very powerful man, highly respected. Very strong. Very respected, also, by the President — President Xi. And we had an amazing meeting on trade — mostly on trade. Actually, also on fentanyl. China has agreed to criminalize fentanyl. That’s going to have a huge impact on fentanyl coming into the country.
There is a possibility we’ll meet somewhere, whether it’s there — I’m over in a certain location. I’ll be over in a certain location there, as you know.
Q So you might do —

(more…)

President Donald Trump Meets With Representatives of China During Trade Negotiations – Video and Transcript…

Attendees for the Oval office meeting include: President Donald J. Trump; Mick Mulvaney, Acting White House Chief of Staff; John Bolton, National Security Advisor; Larry Kudlow, Director of the National Economic Council; Peter Navarro, Assistant to the President for Trade & Manufacturing Policy; Matt Pottinger, Deputy Assistant to the President and Senior Director for Asian Affairs; Clete Willems, Deputy Assistant to the President and Deputy Director of the National Economic Council.
U.S. Administration team members: Secretary Mike Pompeo, Department of State; Secretary Steven Mnuchin, Department of the Treasury; Secretary Wilbur Ross, Department of Commerce; Ambassador Bob Lighthizer, Office of the U.S. Trade Representative
Chinese Delegation: Liu He, Member of the Political Bureau of the Central Committee of the Communist Party of China and Vice Premier of the People’s Republic of China; Wang Shouwen, Vice Minister of Commerce of the People’s Republic of China.


.
[Transcript] 3:43 P.M. EST – THE PRESIDENT: Thank you very much. It’s a great honor to have the Vice Premier of China with us, and also the Vice Minister of Trade of China. We have had long discussions. This has been going on for quite some time. It will be, by far, if it happens, the biggest deal ever made — not only the biggest trade deal ever made. It will be the biggest trade deal by far, but it’ll also be the biggest deal ever made. The two largest countries doing a trade deal. There won’t be anything that will match that. And we’ll see what happens.
We’ve done very well. We’ve had a very, very strong relationship, as my relationship is with President Xi.
(more…)

U.S. and China Begin High-Level Trade Talks in DC…

Giddy up.  Two days of intense trade discussions begin today in the Eisenhower building led by U.S. Trade Representative Robert Lighthizer and his Chinese counterpart Vice Premier Liu He. The stakes are high as the deadline for an agreement is March 2nd.
Ambassador Lighthizer is joined by Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin, and China’s arch nemesis, White House trade advisor Peter Navarro.


.
Adding to the intensity, the United States just charged Chinese telecommunications company Huawei Technologies and its chief financial officer, Meng Wanzhou, with conspiring to violate U.S. sanctions on Iran by doing business through a subsidiary.  Ms. Meng was arrested in Canada at the request of the United States; her extradition has been requested by the Department of Justice.
(more…)

Justice Department Announces Criminal Charges Involving Chinese Company Huawei…

According to the DOJ announcement released today three companies: Huawei Technologies Co. Ltd., Huawei Device USA Inc. and Skycom Tech Co. Ltd. are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. Huawei and Huawei USA are charged with conspiracy to obstruct justice related to the grand jury investigation in the Eastern District of New York.
Additionally Ms. Meng Wanzhou is charged with bank fraud, wire fraud, and conspiracies to commit bank and wire fraud.  Acting U.S. Attorney General Matthew G. Whitaker, Secretary Kirstjen Nielsen of the U.S. Department of Homeland Security, Secretary Wilbur Ross of the U.S. Department of Commerce, U.S. Attorney Richard P. Donoghue for the Eastern District of New York, FBI Director Christopher A. Wray, Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Attorney General John C. Demers of the National Security Division, announced the charges:


Transcript of AAG Matt Whitaker announcement HERE.
Details of DOJ Indictment HERE.
(more…)