Well, they cannot later claim they were not warned.  In a series of stunning tweets today, President Trump directly tells U.S. companies manufacturing goods in China, they need to make rapid plans for exit.

Earlier today China’s commerce ministry said it will impose additional tariffs on thousands of U.S. products, including agricultural products, crude oil, small aircraft and cars. Tariffs on some products would take effect on Sept. 1 and others on Dec. 15.
The Wall Street multinationals are exposed to significant losses because of their investments in China.  White House trade and manufacturing policy advisor Peter Navarro appeared on Fox Business with Maria Bartiromo to discuss the dynamic.

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National Economic Council Chairman Larry Kudlow appeared on Fox Business today to discuss the current state of the economy.  Mr. Kudlow was questioned about several media reports surrounding discussions of new tax cuts, tax rate modifications and tax policy.
Additionally, Kudkow updates the latest position on the U.S-China trade discussion.

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God bless Secretary of State Mike Pompeo for having the diplomatic restraint to stand next to the absolute worst diplomat on the planet and retaining his cool.  Canadian Foreign Minister Chrystia Freeland stands atop her proverbial high-horse and pontificates a diatribe that only a smug leftist can deliver.
If you are familiar with world events,… and you don’t want a blood pressure cuff to explode,… then don’t watch this joint press conference. [Transcript likely later today]  If you’ve ever watched two diplomats pretend to have any commonality, while simultaneously jabbing each-other in the eye, this is an audio-visual exhibition:

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To say the Trump administration and Trudeau administration are ideologically oil and water would be the understatement of the year. The U.S. and Canadian, political, cultural, geopolitical and economic outlooks are entirely divergent.
That reality is one of the reasons why an open U.S. Ambassador to Canada position is unlikely to be filled.  Seriously, who wants to talk to these smug and condescending jerks?
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According to the U.S. Department of Labor [data here] companies hiring American workers are not complying with the media “recession” narrative.   Yes, another day, and yet another data point reflecting the “unexpected” & continued strength of Main Street.

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the week ended Aug. 17, the Labor Department said on Thursday.
The decline was sharper than expected. Economists polled by Reuters had forecast claims would drop to 216,000 in the latest week.

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Chopper pressers are the best pressers.  As President Trump departed the White House for a flight to Kentucky, the President stopped to answer questions from the media pool.  The president took questions for over 35 minutes.  [Video and Transcript below]

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[Transcript] – THE PRESIDENT: So, the economy is doing very, very well. We’ll see what happens with the Federal Reserve, whether or not they finally get smart and reduce interest rates, like many other places around the world that we have to compete with.
But our economy is the strongest in the world, by far. Nothing even close. And a lot of good things are happening. We had some very good retail numbers this morning, as you saw. And I guess the stock market is quite a bit up.
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President Trump was delivering another round of delicious Chopper Presser rebuttals to the MSM narrative engineers today, when he remarked about confronting China: “I am the chosen one”…  And the media had the customary spontaneous ‘splodey head.
First, the people’s president is right, he is the chosen one.  Through prayer and divine providence, we finally have a businessman fighting for Main Street USA.   Secondly, it’s funny to watch an entire MSM apparatus that decries religion, suddenly searching for scripture in their anti-MAGA talking points.  Too funny.  Only Trump can achieve this.
Epic. Just epic. WATCH:

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The Wall Street pundits are having a harder time pushing their recessionary economic narrative while the results from Main Street continue to beat expectations.  Two data points continue to highlight the strength of Main Street: Home Sales and Wage Gains.

President Trump’s MAGAnomic policies are focused on delivering results to the middle-class worker and family.  The middle-class American is the engine for a Main Street economy.  Growing the middle-class is the key to strengthening the U.S. economy and blocking negative global economic influence.  Growing the middle-class is how the U.S. economy continues to be self-sustaining. [We buy/use 80% of our own production.]
Today The National Association of Realtors released data showing existing home sales rose 2.5% to a seasonally adjusted annual rate of 5.42 million units in July.  Forecasters only expected 5.39 million units.  The U.S. Main Street housing market is very strong.

Because the results defy pundit expectation, Reuters has to ignore the strength of Main Street and put the Wall Street spin on the results.  The efforts to keep pushing a negative economic narrative are intense [Trillions At Stake]:

WASHINGTON (Reuters) – U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy.

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During an oval office press conference today, President Trump took several questions about China and the U.S. trade confrontation.  After receiving the third question, on the same subject, President Trump paused and then went deep into the heart of the issue.
The question was: ” Mr. President, you keep insisting that your trade war with China — the trade war with China is not affecting the U.S. economy. But a lot of economists disagree with that. And they worry that if China goes into a recession, they’ll pull us down with it.”
Here is President Trump’s response:

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[Transcript] … PRESIDENT TRUMP: Well — well, okay. Let me — let me tell you something. Number one, we’re doing very well as an economy. But somebody had to take China on. You know, I read and I see so much and I read so much, and I’ll see these economists saying, “Oh, give up. Give up on China. Give up.”
China has been ripping this country off for 25 years — for longer than that. And it’s about time, whether it’s good for our country or bad for our country short term. Long term, it’s imperative that somebody does this because our country cannot continue to pay China $500 billion a year because stupid people are running it.
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Earlier today President Donald Trump welcomed President Klaus Iohannis of Romania to the White House.  During the Oval Office media availability by both leaders President Trump took multiple questions from U.S. media. [Video and Transcript Below]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much, everybody. It’s an honor to be with the President of Romania, who’s highly respected and done a great job. And I hear there’s a little political season going on in Romania, but I would imagine you’re going to do very well because you’re very talented, you love the people.
And we’ve had a great relationship with Romania. The United States and Romania have gotten along better than ever before. So, I want to thank you for that.
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