In 2017, President Trump signed the Tax Cuts and Jobs Act, which established ‘Opportunity Zones’ to incentivize long-term investments in low-income communities across the country. Today President Trump attended a conference to support the Opportunity Zone initiative. The conference aims to coordinate economic and social resources to stimulate growth in those areas.
Council of Economic Advisor Chairman Kevin Hassett appears with Lou Dobbs to discuss the current state of the U.S. economy. Hassett compares current outcomes to the prior congressional budget office predictions; and shares the results for middle-class growth.
National Economic Council Chairman Larry Kudlow holds an impromptu press conference today with media discussing the current state of the economy. Kudlow focuses attention to the economic gains amid the middle-class.
President Trump visits Nuss Truck and Equipment in Burnsville, Minnesota, where he participates in a roundtable discussion on the economy and tax reform. Anticipated start time 2:30pm EST.
UPDATE: Video Added
Well, he called them out. President Trump knew if he supported a program to resettle illegal aliens in sanctuary cities, the hypocrisy of the left would come out… and boy was he right.
The champion for Hollywood’s far-left resistance movement, actress and singer Cher, jumps into action and sends the ultimate NIMBY (not in my back yard) message:
(link)Global economics, and the way the financial media spin, can be funny at times. On one hand the pretentious global community scoffs at American Exceptionalism and claims the U.S. is only one country amid a international community of equals; on the other hand the reality of the U.S. being the leading economy in the world, and their need to retain access therein, slaps them in the face like a cold fish…
Investment capital flows to the location of highest return. Amid the U.S. MAGAnomic growth; global investment is inbound to the USA. The EU and Asia are in a period of low to stagnant growth… lots of high-brow teeth gnashing. To make matters worse, Trump is leveraging their weakness against them as he renegotiates reciprocal trade deals.
The G20 IMF and World Bank’s 2019 Annual Spring Meetings of finance ministers (fancy name to describe Mnuchin’s job) is taking place in Washington DC. The finance ministers are stomping their feet at horrible Trump hoarding all the economic growth.
(Reuters) […] Policymakers from the Group of 20 industrialized countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
White House Council of Economic Advisors Chairman Kevin Hassett gives an interview to discuss the current state of the U.S. economy. After discussing President Trump’s Fed pick Herman Cain, Hassett outlines how inflation is non-existent; and also discussions around ongoing U.S-China trade discussions.
There’s a term called “zeroing” at the heart of this World Trade Organization decision that supports President Trump, Secretary Ross and USTR Lighthizer.
When an industry product like Canadian softwood lumber is shipped into the U.S. for sale at a lower price than exists in Canada, the U.S. Commerce department calls that “dumping“. If the Canadian product is the same or higher in the U.S. as it is in Canada there is no dumping. No dumping is a “zero” or normal price differential; hence “zeroing”.
The Canadian government is subsidizing their lumber industry by allowing tree removal from federal land at discounted rates so long as the lumber is exported. This made softwood lumber cheaper in the U.S. than in Canada and set up the dumping issue.
[NOTE: This is the same issue with Steel and Aluminum from China]
U.S. lumber mills were going out of business because Canada was dumping subsidized product into the U.S. market at a discounted rate. As a consequence, in 2017 Commerce Secretary Wilbur Ross instituted a 20% tariff on Canadian lumber to protect the U.S. lumber industry. The tariff is a countervailing duty to offset the Canadian subsidy. ie. “zeroing”.
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Put this into the geopolitical file labeled: “Things that make other things make sense”… You only need to watch the first minute and fifteen-seconds of this announcement to see the bigger BIG picture. WATCH:
[Transcript Snippet] … “This is the first time that the United States has designated a part of another government as an FTO. We’re doing because the Iranian regime’s use of terrorism as a tool of statecraft makes it fundamentally different from any other government. This historic step will deprive the world’s leading state sponsor of terror the financial means to spread misery and death around the world.”
Two months ago President Trump nominated Undersecretary of Treasury David Malpass to the position of World Bank President. Today the executive directors voted unanimously to select Mr. Malpass.
WASHINGTON, April 5, 2019 – The Executive Directors of the World Bank today unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday, April 9, 2019. The Board expressed its deep gratitude to Interim President Kristalina Georgievafor her dedication and leadership in recent months. (see more)
As President Trump’s World Bank nominee Mr. Malpass appeared on Fox News with Trish Reagan to discusses his vision for the international financial institution. Below:
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