This is a good development.  I strongly appreciate a U.S. President who believes in the intelligence of the U.S. voter to understand what is taking place.
President Trump is not selling the U.S. electorate short on their ability to understand the financial dynamic of ‘globalists -vs- nationalists’. President Trump is calling attention to currency manipulation by China and the EU. [Tweet]

In the big picture, what these global economies are doing is trying to offset President Trump’s ‘America First’ policy.  There are trillions at stake, and when you stand back and evaluate the scale of economic cost in this process you begin to recognize the severity of ideology and history of controlled financial manipulation.
By lowering the value of their currency, China and the EU are attempting to block the impact of tariffs against their export position.  Lowering the price of Chinese Yuan (Renminbi) or Euro (€) makes their exports cheaper to a stronger U.S. dollar.  This is what has been happening for the past six months. There are trillions at stake.
Despite what the Wall Street financial pundits have been saying, we have been importing their manufactured deflation for six months. U.S. consumers are not paying the tariffs on imported goods.  The devaluation of currency is why costs of import goods are actually less year-over-year (dollar strong). This is a strategy on their part to counter Trump, tariffs, etc. The globalist economies are trying to wait out Trump 2020.  We see the evidence of this in the CPI import prices:
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Bloomberg has an interesting article citing an internal discussion within Chinese technology company Huawei as they estimate the financial impact to the U.S. blacklist position.

Do the math… Huawei estimates an international drop of between 40 million to 60 million units at an average retail cost of $500 per unit. That is a stunning financial forecast for a drop in sales.

(Via Bloomberg) Huawei Technologies Co. is preparing for a 40% to 60% drop in international smartphone shipments as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses.
China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar with the matter say.
The device begins selling in parts of Europe June 21 including France and the U.K., but executives are monitoring the launch and may cut off shipments if it sells poorly as expected, they said, asking not to be identified discussing internal matters. Already, two of France’s largest carriers aren’t bothering with the Honor at all, two people familiar with the matter said.

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~ Dance With The Dragon ~

Amid the furor from hundreds-of-thousands -perhaps millions- of protestors, Hong Kong leader Carrie Lam announces a ‘suspension‘ of the proposed extradition law that would have permitted extradition of Hong Kong residents to Chinese law enforcement.

Lam apologized on Sunday, for the way the Hong Kong government handled the proposal but she did not fully take the controversial law off the table.  The ripple effect of the proposal itself now calls into question the autonomy of Hong Kong, and many observers foresee it is now only a matter of time before China takes a tighter grip.
Currently Hong Kong is not subject to the same economic consequences within the U.S-China confrontation.  As long as Hong Kong is considered ‘autonomous’ they remain detached from U.S. tariffs and other measures targeted to China.  However, if China breeches the increasingly unclear barriers, judicial and legal systems intended to provide that autonomy – well, then the situation could change.  Hong Kong is tenuous at best.
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If you’ve got the time this is well worth watching.  Larry Kudlow is Chairman of the National Economic Council and delivers a strong voice amid the economic team of assembled by President Trump.
Kudlow provides value because he comes from the Wall Street economic punditry networking group that just doesn’t understand MAGAnomics, or ‘America First’ Main Street policy.   President Trump has taught Kudlow a great deal.  So Kudlow’s value is heightened by his ability to explain Trump’s Main Street policy to his old Wall St. tribe; who genuinely have no concept of Main Street policy (hence, they’re always puzzled).

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Earlier this morning President Donald Trump called in to CNBC to discuss a variety of subjects including: the ongoing trade negotiations with China; the threat of tariffs on Mexico over illegal immigration; the federal reserve; the status of the economy; the duplicity of the U.S. Chamber of Commerce; collusion by democrats; the upcoming G20 summit in Japan, and much, much, more.
During the interview President Trump directly calls out the U.S. Chamber of Commerce for their anti-American position and self-interested advocacy for Wall Street multinational corporations. Additionally, President Trump pushes back against the claim that tariffs lead to higher U.S. prices, citing examples of China subsidizing their exports and low U.S. inflation.  Must Watch:

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(LOL… POTUS Trump chomping-at-the-bit to get tariffs on the EU.)

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Earlier today President Donald Trump delivered remarks to an international audience gathered to commemorate the 75th anniversary of D-Day, the beginning of the allied liberation of Europe (Video, Transcript and Pictorial):

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[Transcript]  THE PRESIDENT: President Macron, Mrs. Macron, and the people of France; to the First Lady of the United States and members of the United States Congress; to distinguished guests, veterans, and my fellow Americans:
We are gathered here on Freedom’s Altar. On these shores, on these bluffs, on this day 75 years ago, 10,000 men shed their blood, and thousands sacrificed their lives, for their brothers, for their countries, and for the survival of liberty.
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Most of the events commemorating the 75th Anniversary of D-Day will take place in the very early morning hours today.
President Donald Trump and First Lady Melania Trump will attend the 75th anniversary of D-Day at the Normandy American Cemetery in France. President Trump, along with French President Macron and other world leaders, will honor the Allied troops’ maneuver that led to the turning point of World War II.
UPDATE: Full Video Added

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After departing the D-Day commemoration in the U.K, President Trump and First Lady Melania traveled to Shannon, Ireland.   President Trump and Irish Prime Minister Taoiseach Leo Varadkar hold a press availability before bilateral talks. (Video and Transcript)

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[Transcript] PRIME MINISTER VARADKAR: So, I just want to welcome all the members of the press who traveled here. And it’s a great pleasure to be able to welcome President Trump to the Uni — to the United States — to Ireland. And certainly not the first time he’s been here, or in County Clare. This is the first he’s been here as President of the United States. Only, I think, the sixth time an American President in office —
PRESIDENT TRUMP: I think so.
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After President Trump and Prime Minister May hold bilateral meetings and a working lunch they are anticipated to hold a joint press conference at 8:45am EST / 1:45pm BST.
UPDATE: Video and Transcript Added

[Transcript] PRIME MINISTER MAY: This week, we commemorate the extraordinary courage and sacrifice of those who gave their lives for our liberty on D-Day, 75 years ago. As leaders prepare to gather here from across the world, it is fitting that we begin with a celebration of the special relationship between the United Kingdom and the United States, enduring partners who stood side-by-side on that historic day and every day since.
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President Trump and First Lady Melania will be traveling overnight to the U.K., sleep during the flight, and immediately begin a packed schedule upon arrival in Britain.
Chopper pressers are the best pressers… Departing the White House tonight, President Trump delivered rapid-fire remarks to the assembled pool prior to departing on Marine One. [Video and Transcript]

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[Transcript] THE PRESIDENT: Hello everybody. So we’ll be going to the UK. I think it’ll be very important. It certainly will be very interesting. There’s a lot going on in the UK. And I’m sure it’s going to work out very well for them.
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