Earlier today President Trump traveled to Dana Incorporated, a manufacturing facility for axel housings and machined products in Warren, Michigan, to celebrate the signing of the USMCA trade agreement with American workers.  [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Okay, let’s get back to work. Come on. (Applause.) I love that song, but every once in a while, we have to get back to work. (Laughter.)

So I am very honored to be at Dana Incorporated, a tremendous company, a plant in Warren, Michigan. We’re very proud of Michigan. (Applause.) Dana has been around — I also like it because we happened to win here, so I was very happy with that. (Applause.) Very happy with that.

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The Bureau of Economic Analysis released their first estimate of Q4 GDP growth today.  The BEA first estimate is 2.1 percent growth for the fourth quarter and 2.3 percent growth for the year. [Data Here]   The U.S. economy is now approximately $21.7 trillion.
Commerce Secretary Wilbur Ross appeared on Fox Business with Maria Bartiromo to discuss the ‘big picture’ outlook for the U.S. economy.  Strong employment, strong wage growth, strong consumer spending, and now the USMCA passage delivering the backdrop for domestic capital investment.   Good interview:

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The headwinds by Boeing and the GM strike had some negative impact.  However, 2019 was dominated by Wall Street multinational investors taking the ‘wait-n-see’ position on the China/Asia -vs- USMCA trade dynamic (manufacturing investment) overall.
The USMCA passage gives certainty to North American manufacturing investment.  The China ‘phase-one’ agreement allows time for re-positioning, and/or time to extract profits from prior investment.  A corporate decision to manufacture in China is now based on an entirely different set of considerations than 24 months ago…. ‘phase-one’ buys time but doesn’t reduce the long-term risk.  North America is now the place for investment stability.
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Earlier today President Trump signed the historic USMCA trade agreement, making good on his 2016 campaign promise to replace the NAFTA trade agreement with a more balanced and reciprocal trade deal for the American people.  USMCA replaces the NAFTA agreement that resulted in the loss of millions of American jobs impacting hundreds of manufacturing communities across our county.
Amid the key changes is a closing of a loophole allowing Mexico and Canada to assemble components imported from Asia. The new agreement bolsters American workers and American manufacturers with content rules requiring origination of material in North America. [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Well, thank you very much. That’s beautiful music. Such talented musicians, and we appreciate it very much.
We have a tremendous — (applause) — we have a tremendous list of people here today. In fact, so long that if I announced every name, we’d be here for about three hours. (Laughter.) And we have to get back to business. Everybody does.
Please sit down. Please.
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Reuters is well known for promoting a globalist, open border, multicultural agenda.  So it doesn’t come as a surprise to see Reuters targeting Mexican President Andres Manuel Lopez-Obrador (AMLO) for blocking central-American migrants; and rebuking AMLO for working with President Donald Trump to stop mass illegal migration.
It is too early to tell whether Mexico is genuine in their commitment to stop the highly organized and funded traveling caravans, which often contain thousands of marching border-crossers; however, the economic leverage, tariffs President Trump threatened for non compliance during 2019, was not simply an idle threat.  It appears AMLO has realized that President Trump doesn’t bluff.

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador faces growing criticism he is doing U.S. President Donald Trump’s bidding after erecting a “wall” of security forces who clashed with Central American migrants near the Guatemala border this week.
Mexico, under the threat of punitive U.S. tariffs, has bowed to Trump’s demands to contain mass movements of migrants traveling through the country toward the U.S. border.

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Earlier today Treasury Secretary Steven Mnuchin appeared on CNBC for an extensive interview from the Davos, Switzerland, World Economic Forum.
Good grief.  What is so hard to understand about the statement: “economic security is national security”?

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Commerce Secretary Wilbur Ross, at the World Economic Forum in Davos, says the USMCA positions the U.S. to begin focusing on a new trade agreement with Europe and others. Secretary Ross notes the administration initiates the EU from a position that talks will be successful. It is only if talks are not successful that Europe has to worry about tariffs. Too funny:

…”Frankly, I’ve seen a little bit of a sense of panic among some of the Europeans, because they know that with us solidifying both the USMCA and China ‘phase-one’ we’re in much stronger negotiating position than we’ve ever been”…

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Ivanka Trump and IBM CEO Ginni Rometty discuss new U.S. jobs, the U.S. workforce, tech-training, innovation, paid family leave, IBM’s growth in cloud computing and global economic outlooks at the World Economic Forum in Davos, Switzerland.

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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:

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Earlier today, while attending Davos, President Trump sat down for a lengthy interview with Fox Business’ Maria Bartiromo.  The primary topic was trade and economics with additional insight around the impeachment fiasco and some current events.
Unfortunately Ms. Bartiromo did not ask if President Trump remembered there were documents he was going to declassify.

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President Trump begins day #2 in Davos, Switzerland at the World Economic Forum.
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.

Schedule below:
♦ 3:05am EST / 9:05am Local – THE PRESIDENT departs the hotel Location en route to Davos Congress Centre, Davos, Switzerland
♦ 3:15am EST / 9:15am Local – THE PRESIDENT arrives at Davos Congress Centre, Davos, Switzerland
♦ 3:20am EST / 9:20am Local – THE PRESIDENT has breakfast with American Chief Executive Officers and Business Leaders, Davos, Switzerland
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