Commerce Secretary Wilbur Ross talks about the importance of trade “reciprocity”.  As Wilburine outlines phase-2 MAGAnomics is only just beginning the reciprocity discussion.

Additionally, Secretary Ross talks about the issues with Chinese steel trans-shipment and the reason for Steel and Aluminum tariffs to be global in order to address China’s use of proxy nation states to continue dumping.   In this interview Ross begins to outline the fine points behind the pending 2018 trade negotiations. It is going to take a lot of repeated effort to awaken the larger U.S. electorate to the issues.

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500 high-wage manufacturing jobs might not sound like a big deal, but for the community of Granite City Illinois it is a VERY BIG DEAL. Their blast furnace was shut down in 2016, and today they happily hear the news of its reopening… GREAT NEWS !

ILLINOIS – U.S. Steel announced it will restart a blast furnace and steel-making operations at its Granite City Works plant in southern Illinois near St. Louis as a result of the announced tariffs of 25 percent on all steel imports.

The Pittsburgh-based steelmaker shuttered parts of the mill in late 2015 and early 2016, largely, it said, as a result of a glut of imports that depressed prices and made steel mills less profitable. U.S. Steel plans to bring 500 steelworkers back to work if President Donald Trump goes forward with plans to act on a Section 232 investigation that concluded a surge in steel imports was eroding the American steel industry and threatening national security.

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Earlier today President Trump delivered a speech to the Latino business coalition legislative summit. President “Patrone’” Trump noted ongoing economic growth, employment success, and the unfortunate intransigence of the Democrat opposition in Washington DC.

[Transcript] 12:03 P.M. EST – THE PRESIDENT: Thank you very much. Thank you. And thank you, Hector. I’m thrilled to be here with so many of our incredible leaders in the Latino business community. And you folks are good business people. I know that. I know that for a fact. I’ve had to compete against you for a long time. (Laughter.) In fact, I said, I want to get out of that; I want to be President. It’s easier. (Laughter.)

But I especially want to thank Chairman Hector Barreto for the invitation and for the many years of his leadership on behalf of America’s small businesses. I also want to recognize Secretary Chao who’s joining us today. Elaine? Hi, Elaine. (Applause.) You’re doing a fantastic job, by the way. Thank you very much, Elaine.

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Maria Bartiromo interviews Treasury Secretary Mnuchin to discuss Gary Cohn’s departure from President Trump’s National Economic Council (NEC).  {Deep Dive Here}  Secretary Mnuchin talks about the larger MAGAnomic objectives, and the transition of the administration into ‘policy phase-2’ with all attention now focused on Main Street.

Great Interview:

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♦Economic Patriotism – ‘America First’:
√ Unleash energy development. Drive down energy costs. Lower cost-of-living.
√ Eliminate regulatory stranglehold. Unleash free market entrepreneurial expansion.
√ Lower corporate tax burden. Position business investment ‘best bet’ domestically.
√ Generate investment expansion. Create: jobs, jobs, jobs.
√ Generate higher labor demand. Jobs, Jobs, Jobs = Higher wages, wages, wages.
√ Lower middle-class tax burden. Combine higher wages with lower taxes. 2x benefits.
==> WE ARE HERE <==
• Structure trade deals to benefit workers/companies inside the U.S.
• Leverage access to U.S. market as incitement for domestic investment.
• Economic Growth + Domestic Manufacturing Expansion =  GDP increases.
• Increased overall tax revenues from expanding economy stabilizes debt and entitlements.

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*ahem* As if on cue…

(tweet link)

DEEP-DIVE FULL BACKSTORY

The Eagle, The Panda and The Red Dragon

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Very cautious optimism because Red Dragon has history of using the Panda Mask to cloud intents as a strategy.   North Korea is a proxy state to their enabler, China.  DPRK Kim Jong-un is little stompy-feet panda to the big panda/red dragon, Chairman Xi Jinping.

The one constant in an ever-changing universe is the gravity of China; it only goes one-way.  China allows and directs what is in China’s best interests.  Period.

Chinese Chairman-for-life Xi Jinping (all he represents) view smiling panda economics as modern intercontinental nuclear weapons.

Chairman Xi and President Trump have been deep inside a geopolitical smiling contest for over a year.  Xi and Trump are playing grandmaster level geopolitical economics.  Their most consequential moves are well beyond the horizon; far away from the gaze of the crowd; the media is oblivious to them.

•Japan (Shinzo Abe) has stated they have “great confidence” in President Trump’s Asian national security approach. •South Korea (President Moon Jae-in) stated they are “confident there will not be war again on the Korean peninsula“; •and they are willing to send a special envoy to North Korea to begin talks. •In addition, China quietly removed the 71-year-old veteran diplomat, Wu Dawei, from the position of negotiator toward the DPRK, and replaced him with 58-year-old Kong Xuanyou. Kong is a long time Chinese diplomat in charge of Asian affairs and he speaks Korean.

All of this was generally under-reported and took place months before President Trump arrived in Asia last year.  The U.S. media was busy pushing racism and Charlottesville narratives.  More importantly this quiet activity took place while President Trump directed US Trade Rep Robert Lighthizer to begin a section 301 trade investigation (Intellectual Property theft) into China.

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There will obviously be another media cycle decrying crisis at the White House with the announcement that National Economic Council Director Gary Cohn is departing.

However, for those who follow the administration closely, this was a foregone conclusion; the MAGAnomic “America First” policy has a specifically timed exit ramp for just this purpose.

We have previously outlined the relationship between President Trump and Gary Cohn HERE – Along with what each of them brings to the perspectives of the other.  In addition, the larger Trump economic policy always held two distinct aspects:

1. The financial aspects – taxes and monetary policy stability; or perhaps more succinctly the Wall Street aspect.
2. The trade, jobs and manufacturing aspects – trade policy; or perhaps more succinctly the Main Street aspect.

The implementation of Trump’s economic policy involves those two elements: Taxes and Trade. Inside the Trump administration there are economic policy advocates who agree on the tax element, but disagree on the trade element. Economic adviser Gary Cohn is an example.

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CNN doesn’t have a single broadcast show in the top 40 of cable. CNN’s current ratings are the worst in their history. CNN uses Bananas and Apples to explain their 2018 journalistic mission statement.

A few months ago, a special CNN investigative unit reached the end of a year compiling information that proved Pokemon-Go conspired to defeat Hillary Clinton. Last month the network sent a reporter to St. Petersburg, where he literally dug around a dumpster looking for leads to the global Russian election conspiracy.

Earlier tonight, after Jake Tapper interviewed him by phone, CNN quickly arranged for an hour-long broadcast interview with a seemingly drunk guy , “sketchy sam“, to discuss the vast Russian-Trump planetary conspiracy theory & his involvement with Robert Mueller.

And now this:

Yes America, today CNN sends Ivan Watson to Bangkok, Thailand, for an interview with a prostitute claiming to have the goods on the President Trump’s collusion with Russia. The hooker, Anastasia Vashukevich, who is also a self-described “sex coach,” is currently imprisoned, and hopes that America will offer her asylum in exchange for naked pictures of Vladimir Putin and Donald Trump.

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BACKSTORY – Sketchy Sam Nunberg was a former aide/adviser to the Donald Trump campaign and very close friend of Roger Stone. Sketchy Sam was fired by Corey Lewandowski in 2015 for leaking salacious inflammatory information to the media and being a generally unstable fellow. Nunberg told media in 2015 that Ms. Hope Hicks (Trump Communication Lead) and Mr. Corey Lewandowski (former Trump Campaign Head) were having an affair.

Upon firing a jaded Sketchy Sam went to join the Ted Cruz campaign, and became a Cruz advocate. {Go figure} Later it was revealed that Sketchy Sam had written weird, divisive and racist material to his social media.  Everyone distanced themselves from him. The guy was/is just plain goofy, aka ‘sketchy’.

Enter Robert Mueller’s team, who interviewed Sketchy Sam for over five hours.  Then Mueller sent a subpoena to Sketchy.   Sam tells media today he thinks Mueller is on a witch hunt and other sketchy stuff as only Sketchy Sam can.

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This entire Nunberg/media enterprise is a clown show of historic proportions; and even the moonbat interviewers recognize the goofy narrative that becomes obvious to anyone watching. If an elephant walked through your front yard, how many pancakes would it take to fill a canoe?  The vast Russian-Trump planetary conspiracy theory is epically ridiculous.  Sketchy Sam is the representative image of that nuttery.

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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.

New Twitter Thread on the NAFTA Fatal Flaw – HERE

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