Forget the social chaff and political countermeasures being promoted in the media. It is all manufactured distraction.  It’s MONEY that matters to the powerful interests in the upper suites of the corporate media apparatus.

Everything, e.v.e.r.y.t.h.i.n.g, every story, is circling the upcoming economic and financial trade confrontations.  There are trillions at stake and President Donald Trump is facing off against the international “BIG CLUB”.  The purchased multinational political entities who operate within the massive and institutional multinational corporate and financial networks behind the World Bank and World Trade Organization.
NAFTA re-negotiations are set to begin in Washington DC this coming Wednesday. President Trump is meeting with Trade Team U.S.A tonight.

♦ Last week Mexico’s Economic Minister Ildefonso Guajardo threatened to flood the U.S. with illegal aliens, South American gangs and massive illegal drugs shipments if the U.S. doesn’t keep favor with Mexico in the trilateral trade deal. –LINK–

♦ Now today, Canadian Foreign Minister Chrystia Freeland states that Canada will walk away from re-negotiated NAFTA if Chapter 19 trade dispute resolutions are not retained. –LINK–

What Canada seeks to keep is a dispute mechanism that specifically politicizes the NAFTA trade resolution process.  Chapter 19 establishes a bi-national panel who make binding decisions on complaints about illegal subsidies, dumping, manipulation of trade and possible countervailing duties.
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There have been multiple media reports in the last six hours that President Trump is going to announce trade investigation/sanctions against China during a press conference scheduled for Monday.
It makes sense the previously postponed 301 trade investigation against China for violations of intellectual property rights might be announced.

Section 301 of the Trade Act of 1974 provides the United States with the authority to enforce trade agreements, resolve trade disputes, and open foreign markets to U.S. goods and services. It is the principal statutory authority under which the United States may impose trade sanctions on foreign countries that either violate trade agreements or engage in other unfair trade practices. When negotiations to remove the offending trade practice fail, the United States may take action to raise import duties on the foreign country’s products as a means to rebalance lost concessions. (LINK)

However, a note of caution. Substantive trade negotiations, the kind which involve economics and national security, are always fluid and subject to pause, postponement or changes in direction based on compliance – or expressions of a willingness to comply.
Remember, this is Trump.  Looking out for U.S. economic interests is the baseline for trade “leverage”, a tactic and skill uniquely evident in this administration’s trade team.  Section 301 is a tool, actually a massive atomic sledgehammer, to force compliance.
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Zogby Analytics is out with a new survey of 1,300 “Likely Voters” and shows President Trump’s approval numbers are climbing and now around 45%.  However, the interesting aspect of the survey is the groups showing the highest gains in approval.
It won’t surprise you to discover the strongest gains in support for President Trump can be found amid the middle-class and working population of the U.S.  Those who are benefiting the most from Trump’s America-First Main Street economic policy are the constituent group with the largest gains in support.
Highlights:

♦Trump’s approval numbers have moved up slightly, especially among his base and a few other sub-groups not known for their support of the president.

♦When it comes to party, President Trump’s numbers are steady among Republican likely voters; he has a 76% approval/22% disapproval rating among Republicans, which is almost identical from our July poll. Among Independents, Trumps numbers have improved nearly seven points to 40% approval/50% disapproval. The president’s numbers are still down among Independents from a few months ago.

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– “Walking in a Winner Wonderland” –

Two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy ahead of Wall Street policy (the past 20+ years).
We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of federal policy shifted. CTH outlined anticipated economic activity in the space between the two dynamics.

Part of those discussions focused on energy costs (we see them lowering), product costs (we explained how inflation would be weird), and importantly, wage rates. It takes several months of policy emphasis, actual outcomes, before the labor market wage rates would grow. We anticipated seeing that impact in Q1 of Fiscal Year 2018, which is October 1st 2017.
Today the Job Opening and Labor Turnover Survey, “JOLTS report”, begins to show the initial stages of that wage rate increasing trend. The job market has tightened,… considerably. *Note* We are ending fiscal year Q4 (July, Aug, Sept.) and the trend within MAGAnomics is responding according to predictions. For those of us who argued these policy theories for the past two decades, these results are really cool.
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Earlier today President Trump celebrated a new innovative product that will be made in the U.S.A.  Merck, Pfizer, and Corning have developed a glass product for the pharmaceutical industry that prevents breakage, increases safety and will be made exclusively in the U.S.

[Transcript] 3:05 P.M. EDT – THE PRESIDENT: Well, thank you very much. Very exciting — and exciting times at the White House. A lot of things happening that are so great for our country. I want to welcome Made in America Week. This is what we call Made in America –right here, and they’re all here. Some of the great business minds, businesses geniuses. Congratulations fellas, that’s not a bad statement. (Laughter.)
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Earlier today USTR Robert Lighthizer released President Trump’s NAFTA Objectives outline to congress and the American people.  The NAFTA renegotiations are scheduled to begin in August.
The bilateral trade negotiations with the EU (European Union), S.E.A.N. (Southeast Asian Nations), China, U.K. and all other nations will follow -individually- after the NAFTA process is complete.

It cannot be overstated how critical this is.  Please, please, understand.  There are trillions of dollars at stake.   All political opposition to President Donald Trump will increase in exponential severity as the dates of these renegotiated trade deals draws closer.  There are trillions of dollars at stake.   The entities outlined below will throw everything at the current administration in an effort to secure a better financial outcome for their interests.
Multinational Corporations, Wall Street interests and Multinational Financial stakeholders (mostly banks and foreign governments), have lobbied DC politicians for decades to create trade outcomes favorable to them.  It is, at its core, the financial and policy cancer that has distributed America’s physical and financial wealth globally. Additionally, multinational corporate media are part of this entire process and are stakeholders in the outcomes.
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Turkey’s President Recep Erdogan admits the only reason for being in the Paris Climate Treaty was to get money from the U.S. and other more wealthy nations.  Now that the U.S. has pulled out of the treaty, there’s no reason to expect the financial benefits.
Proving yet again, for the eleventyth time, that the entire construct of the Paris Climate Treaty had nothing to do with the actual climate (ie. weather), and everything to do with economic wealth distribution.

(Reuters)  The U.S. decision to pull out of the Paris climate agreement means Turkey is less inclined to ratify the deal because the U.S. move jeopardizes compensation promised to developing countries, President Tayyip Erdogan said on Saturday.

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The left-wing media are trying desperately to put their best-face-spin on their concessions to President Trump surrounding climate change and free/fair trade provisions included within the G20 Communique.
However, the verbiage directly and specifically paves the way for the U.S. team to begin leveraging economic market power with unilateral trade agreements.

Hamburg (AFP) – US President Donald Trump won key concessions on climate and trade Saturday from world leaders at the most fractious G20 summit to date, in exchange for preserving the unity of the club of major industrialised and emerging economies.

In a final statement agreed by all 20 economies, 19 members including Russia, China and the European Union acknowledged Trump’s decision to go his own way on taking the US out of the 2015 Paris climate accord.

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Everything President Trump is presenting within the America-First economic plan is connected.  As President Trump and his economic and national security team confront N-Korea, via China’s enabling, the economic dynamic underlines the framework.

Always remember, each part of the message is connected to each other part of the policy.

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[Transcript] My fellow Americans, Here at the White House, we are dedicating the month of July to three of our favorite words – MADE IN AMERICA. For more than two centuries, those three beautiful words have been the world standard for quality, craftsmanship and excellence – and they still are today.

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U.S. Jobs Growth exceeded expectations in June by adding 222,000 jobs. Well beyond the anticipated 170,000 original forecast.   The government also revised up its estimate of job growth for April and May by a combined 47,000.

However, the economic dissonance is still evident within the fed analysis:

[The] cycle of limited wage gains and low prices has kept inflation in check, to the consternation of the Fed, which wants to see slightly higher inflation to justify its campaign to raise short-term rates. (link)

As we previously shared there’s a predictable inability of federal economists to understand what happens when executive administrative policy reverses course and establishes the benefit to Main Street, ie. the middle-class, over Wall Street. The feds cognitive dissonance is evidenced because modern economic theory cannot reconcile the space between two economies, Wall Street and Main Street.

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