We are nearing the timeline apex for release of the decision/announcement on a U.S. NAFTA exit. Trade adviser Peter Navarro appears on Fox Business to discuss the pending Steel and Aluminum tariff while President Trump tweets concerns about NAFTA renegotiation; which enters Round #7 this week.
The steel tariffs are targeted toward national economic security; the Wall Street financial class are apoplectic because a firm administration stance on Steel and Aluminum tariffs indicates the larger trade perspective on all bilateral trade deals.
Mark Levin interviewed House Intelligence Chairman Devin Nunes on the overall FISA Court abuse and political investigation by the DOJ and FBI. In a comprehensive interview Levin walks through a timeline of media reporting.
The hour long interview in three video segments. Part I
Senator Joe Manchin appears on Face the Nation and highlights his support for the Trump trade initiatives. The cross-party MAGAnomic support highlights an aspect to President Trump policy that is unique to this administration. [ DEEP DIVE HERE ]
Within the aggregate MAGAnomic policy of President Trump there are two central components: taxes and trade. With the ‘tax element’ completed, the administration will likely jettison some of the Wall Street crowd as they focus on the trade issues that specifically benefit Main Street.
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The application of “economic nationalism” as a policy is adverse to the interests of multinational corporations. The multinationals have been purchasing U.S. policy through DC politicians for decades. However, the last 30+ years have seen exceptionally high increases. (read more)
Commerce Secretary Wilbur Ross appears on Sunday Morning Futures with Maria Bartiromo to talk trade and tariffs amid the apoplectic drum-beating from the Wall Street crowd and U.S. Chamber of Commerce.
Secretary Ross explains the use of Trade Section 232 for national security. The U.S. capability to produce steel and aluminum is a vital interest to national security. The World Trade Organization (WTO), a collective enterprise of multinational corporations, is angered by the use of section 232 because it works around their ability to file complaints.
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The essential point to drive home is that for the past 30+ years U.S. trade policy has been driven by Wall Street and financial corporate benefactors to the detriment of the U.S. middle class and a manufacturing economy. It is not necessary to argue the outcome, we can all clearly see it. The Trump objective is to restore a balanced U.S. economy, stop the exploitative export of American wealth, and stabilize our own middle-class.
Boy howdy, you can judge how close you are to the treasury center of the swamp by the scale of the defenses surrounding the policy. As we have continued to explain, it’s always about the money. All aversion to President Trump is about the economic interests of people who have established their affluence and influence from 30+ years of exploitation.
Chris Wallace is the media guardian of corporate Wall Street, the GOPe, the U.S. Chamber of Commerce and the financial controlling interests at the intersection of Wall Street and corporate media. In this interview with President Trump’s Director of the Office of Trade and Manufacturing Policy, Peter Navarro, Wallace goes bananas to protect those interests.
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The exploitation of the U.S. economic market through export of American wealth is a UniParty policy. Almost all Republicans and almost all Democrats are aligned in common cause to do the bidding of their corporate benefactors on trade, finance and economic policy. There are trillions at stake, and President Trump is an existential threat to their decades-long constructs.
House Intelligence Chairman Devin Nunes interview with Fox News Host Neil Cavuto to discuss the ongoing FISA abuse investigation.
Chairman Nunes highlights two key issues: #1) The risk to the Democrats in having their use of a politically weaponized FBI and DOJ exposed; and #2) It is against the interests of the U.S. media to highlight the alarming investigative discoveries, because the media participated in pushing the narrative which aided the weaponization.
Commerce Secretary Wilbur Ross appeared on Fox Business with Lou Dobbs earlier tonight for a discussion of Steel and Aluminum tariffs and ongoing U.S. trade initiatives.
I think we’ve figured out why President Trump is doing the Steel and Aluminum tariffs ahead of the NAFTA withdrawal. Perhaps, the wolverine administration is using Steel and Aluminum to draw attention to the NAFTA fatal flaw.
Earlier today Canadian Foreign Minister Chrystia Freeland stated:
“Should restrictions be imposed on Canadian steel and aluminum products, Canada will take responsive measures to defend its trade interests and workers,” Foreign Minister Chrystia Freeland said in a statement, calling any trade restrictions“absolutely unacceptable.” (link)
The key word in that statement from Freeland is “products”. Why? because Canada doesn’t make more than a boutique amount of raw Steel. (Top 40 List) The Canadians, like the Mexicans, import the vast majority of their raw steel from China. Canada then fabricates products from the Chinese steel. This nuanced point is almost always lost on people who discuss trade. This point of origination is also the fatal flaw within NAFTA.
In essence Canada is a brokerage for Chinese manufactured material, and NAFTA is the access trade-door exploited by China for entry into the U.S. market. More on that in a moment. First watch Justin from Canada explain his country’s position. (prompted, just hit play):
U.S. Steel and Aluminum tariffs are just one component of a larger economic issue. Bringing back U.S. production on those sectors is vital to the infrastructure of a manufacturing and production economy. Modern Wall Street is centered on multinational interests within economic globalism. Weaken the trade grip of the multinational corporations and their financial manipulation upon the U.S. economy, and Wall Street will drop… this is not difficult to predict. This is also necessary.
Last week President Trump spoke candidly with the White House assembly of U.S. Governors about the critical need to re-evaluate their position(s) on trade. President Trump’s remarks were direct, but also nuanced toward the audience. A few hours later the White House announced President Trump had promoted his economic guru, Peter Navarro to be Assistant to The President.
Mr. Navarro’s job is to counter the false narrative from the GOPe, U.S. Chamber of Commerce and Wall Street crowd. Cue the audio visual demonstration (two video segments):