Today, President Donald Trump is visiting Peterbilt Motors Company factory in Denton, Texas, to emphasize the economic wins within the jobs and manufacturing industries.

Current economic growth is anticipated to exceed five percent GDP as the prior investments now materialize in jobs and production outputs.  Simultaneously, trade deficits are declining as the U.S produces ever-increasing amounts of domestic goods needed within the U.S. economy.  This domestic activity expands jobs and the economy at rapid rates.

President Trump is anticipated to begin his remarks around 4:30pm ET with Livestream Links Below:

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The United States is hosting the G20 Summit this year.  As part of the G20 Process various ministers and ambassadors from all of the G20 ministerial sessions, attend summits in the lead-in to the political leader summit in Miami this December.

During the opening session of the G20 trade plenary session, Greer outlined four strategic priorities that President Trump is bringing to the center of the G20 trade group this year. “There are four workstreams the U.S. Presidency has focused on over the course of the year: (1) the weaponization of food, (2) structural excess capacity and production, (3) the Most-Favored-Nation principle, and (4) forced labor in global supply chains.” [READ MORE] These were the directed topics at the beginning of the summit.

Speaking from Milwaukee, Wisconsin, at the G20 Trade Ministerial Session, U.S. Trade Representative Jamieson Greer gives important remarks and answers questions from the media at the conclusion of the two-day event. WATCH: 

Within one question from an EU/Canada media stenographer, there’s a rather brutally obvious statement from USTR Greer. Absolutely epic. Both Canada and Europe are missing a very key something from their economic model, CONSUMERS!

Instead of focusing on growth within their domestic economies, both Canada and Europe rely on the USA to provide the CONSUMERS for their goods. Negotiating from that position is not too difficult.

ESSENTIALLY, currently Canada sends their overproduction to the USA (hence their trade surplus). Currently the EU send their overproduction to the USA (hence their trade surplus). Block those inbound surpluses and what exactly is Canada and the EU going to do with their newly acquired excess?

The two lowest growth economic systems, that are both missing the critical component of ‘consumers’, are going to send their excess products to each other?  Think about it.

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U.S Trade Representative (USTR) Jamieson Greer, is attending the G20 Trade Summit in Milwaukee, Wisconsin, and appars on Bloomberg News to outline some of the current issues and events being discussed during the assembly.

Greer notes the U.S. energy team is talking to the European energy ministers about using part of their diesel reserve supply to supplement the global refining shortage that might relieve some of the pricing pressure on the energy sector.

Additionally, Greer is questioned about the dumping issues of steel and aluminum that is part of the larger G20 trade discussion.  Greer notes the EU needs to take some action to address the issues on their end, which is part of the ongoing talks at the plenary session.  As to the discussions with Canada and the USMCA, Greer notes the bilateral trade negotiator, Dominic LeBlanc from Canada is not present at these discussions, so no forward activity is noted.  WATCH:

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President Trump delivered impromptu remarks to the press today as he departs the White House for an event in Texas.  The assembled press pool asked a variety of questions based on current events.

President Trump is heading to Texas, Oklahoma, Ohio, Alabama and Nebraska for campaign events. WATCH:

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Most people will not read the Inspector General Report in full [SEE PDF HERE].  But if you did, you might come to the same conclusion as myself.  The entire FED and IG Michael Horowitz should be fired, arrested and prosecuted for corruption at a level that is simply jaw dropping.

The issue is really simple if you cut through the fog of the report.  The FED Board awarded a no-bid contract to the contractor, without an agreement on the building renovation project and the construction costs associated with it until President Donald Trump began drawing attention to it.  This is gross corruption at a massive scale.

To use the terminology of the report, start with this aspect:

…”the Board selected a different project delivery method, construction manager at risk (CMAR), for the Eccles-1951 renovation project. A well-managed CMAR contract allows a building owner—in this case, the Board—to transfer certain construction risks, including those related to cost and schedule performance, to its construction manager (also known as a construction manager as constructor, or CMc). To effect this risk transfer, a CMAR contract provides for the owner and CMc to agree on a guaranteed maximum price (GMP) for the project, usually around the time construction begins or building design is substantially complete. Once the GMP is set, the owner has greater cost certainty and the CMc is incentivized to carefully manage costs. If costs exceed the GMP, the CMc absorbs them with limited exceptions, such as when the GMP may be increased to account for change events like owner directed changes or other adjustments like unforeseen site conditions“… {Source pg, 5}

So, the FED board established, at least with themselves, that they would have an agreement on cost for the project.  However, if you go to page 60 of the report you find this:

…” in connection with a multibillion-dollar contract, the Board did not ask its CMc for a construction cost estimate or a GMP until December 2025—about 3.5 years after construction began and after the Board had already awarded more than $2 billion. Specifically, the Board did not take advantage of several key opportunities to request a cost estimate from the CMc”…. (Source pg, 60}

It wasn’t until President Trump drew attention to the FED having spent over $2 billion, that FED Chair Jerome Powell, and the FED board requested the construction manager and construction company to provide a cost estimate.  This is unreal, especially considering that IG Michael Horowitz finds no unlawful decision-making in the overall fiasco.

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When asked about a statement this week where Stelco Holdings Inc. announced they were laying off 500 workers from their steel plant in Hamilton, Ontario, immediately Canadian Prime Minister Mark Carney blamed the United States.

He’s lying. It’s ridiculous. However, that’s all Carney can do at this point.

In reality it is (1) Canadian energy, climate and manufacturing policy; in combination with (2) the specific decision to allow the import of cheap steel from China; in combination with the decision to (3) rebuke U.S requests to stop purchasing that Chinese steel; that has driven out Canadian steel manufacturing.

(1) Canada carbon emission policy changes steel manufacturing. (2) Canada admits to lying about the import of Chinese Steel. (3) Canadian steel manufacturers warn Canada of pending exit. Mark Carney denied all three points. The receipts are in the links right there.

WATCH Prime Minister Carney blatantly lie on camera:

This announcement by Stelco happened on the exact same day that President Trump announced a new $18billion investment in U.S. steel manufacturing in Iowa. {SOURCE}

In fact, in a world full of irony, during a media segment discussing the closure of the Canadian steel plant, CBC cut away to live feed of President Trump who was making the Iowa steel plant announcement.  The timing was rather remarkable.

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President Donald Trump hosted a luncheon at the White House for the most influential leaders in the field of Artificial Intelligence or Super Intelligence (AI/SI).  The attendees are a who’s who of the biggest names in the leading fields of technology, data processing, software design/engineering, compute capacity and super intelligence.

The Era of Superintelligence XO – Superintelligence (AI) Fact Sheet

President Trump delivers remarks to the assembled media pool during the meeting.  WATCH:

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The assembled leadership team addressed the assembled White House press pool after their luncheon.  President Trump led the SI leadership team out to the press pool for impromptu remarks. Most of the press pool went entirely bananas.  VIDEO BELOW:

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Earlier today, President Trump launched America.Gov the one-stop website that streamlines government technological intersections with U.S. individuals who need services or information.

Executive Order Here – FACT SHEET HERE – Website Link HERE

REDESIGNING GOVERNMENT SERVICES FOR AMERICANS: Today, President Donald J. Trump launched America.gov, a single digital point of entry for Americans to access Federal government information or services online and signed an Executive Order to ensure Federal agencies integrate with America.gov. (MORE)

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I was quite confused by this distinctly European approach until I had dinner with a Chinese actuary working in the auto warranty insurance industry.

Europe asks China to voluntarily limit exports (mostly autos) to the European Union.  Europe doesn’t want to get China angry with them about this issue.  However, China is sending massive numbers of EVs into Europe.  Europe is losing its auto business. I couldn’t figure out why the EU didn’t take an aggressive/confrontational position.

Then I was reminded.  Europe cannot force Beijing through a trade action (tariffs, ban, EU limit etc.) because Beijing might stop selling them EV carbon credits.  If the European automakers cannot purchase Chinese EV carbon credit certificates, the fines levied by Brussels against gasoline powered autos will destroy the EU auto business.

Think about this for a while, then read the EU media report:

EuroNews –  Brussels is pressing Beijing to accept quotas on Chinese exports as negotiations enter their final stretch, with the EU threatening trade measures unless tangible progress is made by next month.

Brussels and Beijing are fighting over quotas that would limit Chinese imports to the EU market, as the Europeans seek to rebalance their trade relationship with China, Euronews has learned.

Both started intense negotiations last June over EU and Chinese access to each other’s markets, with an October deadline set by the European Commission to reach “tanglible” results. However, China is pushing hard against the EU’s attempts to protect its market.

According to one person familiar with the matter, the Commission, which is negotiating on behalf of the 27 EU countries on trade issues, wants China to accept quotas on specific products. However, it is unclear how China would accept and respect such quotas.

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The iron ore from Minnesota combined with a new steel works in Iowa.  GOOD STUFF!

Today, President Donald J. Trump announced one of the largest steel plants in American history: a $15 billion Mesabi Metallics mill in Iowa. The project will create 1,750 permanent Iowa jobs, support up to 6,000 construction jobs, and is projected to add $95 billion to the U.S. economy over the next decade.

The mill will produce 7.5 million tons of steel per year in its first phase, rising to about ten million tons, using iron ore from Mesabi Metallics’ newly opened Minnesota mine — the first new iron ore mine in the United States in 50 years. {MORE}

The Question and Answer session begins at 22:40. WATCH:

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