President Trump has cancelled plans to host the G7 at Trump Doral in Miami Florida.

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Oh man, almost too much winning.  President Trump Chief-of-Staff Mick Mulvaney brings the cold-fish slapper to a White House presser and pummels the narrative engineers.  Cold-Fish Slapping is like whac-a-mole, only instead of a hammer you use a slightly unfrozen fish; and instead of mole-heads popping up, you get reporters stupid questions.
First, Mr. Mulvaney announces the 2020 G7 will be held at Trump Doral Resort in Miami Florida, June 10th – 12th 2020.  The pearl-clutching media begin to quiver uncontrollably. Slap. Slap. Slap.  More spontaneous ‘splodey heads…. more cold-fish-slapping.  Repeat.
Then Mulvaney takes questions on Muh Ukraine and Muh Impeach-We-Much, and it becomes necessary for double-handed cold-fish-slapping.  This is really good. WATCH:

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The White House using Trump Doral-Miami for the G7, just because it is the best place to host the G7 is epic Trump. The media go bonkers… Trump shrugs and says: when you’re done with that, fetch me a Diet Coke. LOL.
[Transcript] – MR. MULVANEY: Hey, guys. How are you all?

First thing’s first: I want to comment very briefly on Mr. Cummings’s passing. For those of you who know, I was in Congress for a couple years with Mr. Cummings, and — on the committee with him. I had a chance to work with him on a day in, day out basis. And he will be missed. He was — he was a classy guy, and I enjoyed much working with him. And the condolences from my family and all of the White House group to his family today. He will be — he will be sorely missed.

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In the bigger picture… Within the trade team, Commerce Secretary Wilbur Ross is positioned with primary responsibility toward the EU and India. Ross clear-cuts through the politics, explains Trump’s objectives amid the trade proposals, and paves a path for U.S. Trade Rep Bob Lighthizer to engage his counterparts.
India has always been a key strategic nation within the global trade-realignment taking place by the Trump administration.  Under all of the banter, the “Indo-Pacific” strategy is structurally the decoupling of the U.S. from China. As a part of the strategy President Trump has positioned the ASEAN (Association of Southeast Asian Nations) as benefactors in manufacturing & trade as an outcome of the U.S. decoupling from China.

However, India has genuine concerns about the global dynamic. Specifically, India is worried about allowing the multinationals to have influence over their economy and social structure. In this regard India is not wrong; their concerns are not unfounded.
We can all see, heck we’ve lived through, massive multinational corporations quickly gaining too much influence; including -eventually- corporate influence over the politics of a nation. That inherently leads to corruption.
When Americans see it in other nations we call it “bribery and corruption”, but when it happens in Washington, DC, we call it “lobbying”; the process is exactly the same.
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Michael Pillsbury traveled to Hong Kong recently to help explain the goals and objectives of President Trump’s U.S-China trade position.  During an interview, Mr. Pillsbury warns Beijing interests not to interpret the current U.S. position as aggressive, because the dragon has yet to see the severe side to Trump’s position.

During an interview with the South China Morning Post, Pillsbury points out there are a great many more ways that President Trump is prepared to respond if the combative trade position from China remains hostile to any concessions.  This first option was their best option.  However, should they choose further trade conflict, President Trump will happily oblige.
CTH research on Trump’s outlook, vis-a-vis China, has led us to believe there is no upper limit to the economic weapons President Trump is willing to deploy; and considering that Pillsbury can be relied upon to deliver honest, accurate and deliberate remarks about the White House position, these warnings from a close advisor to the President should be weighted accordingly.

(South China Morning Post) – The United States is set to ramp up the pressure on China if a trade deal is not agreed soon, a key White House adviser said, adding that Washington has so far imposed only “low level tariffs” on the Asian giant.

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Boy howdy if ever there was an article that showed the layers and ramifications of President Trump’s global trade reset, this is a good one.   The multinational media do not want American voters to understand the dynamic, because if we did people would catch-on to how the global economy was structured upon removal of U.S. wealth…

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Reuters is reporting on a significant drop in German industrial orders, and they specifically point to diminished orders from the U.K (small part) and China (big part) as the cause.  However, the analysis stops at the part where China’s lack of industrial orders is the leading contribution to retraction in the German export sector.
What the financial analysis does not approach (ie. the third rail of multinational corporate admission that must never be outlined), is the reason why Chinese orders for German industrial goods have dropped.
The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency.  The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.
Where does this dynamic show up?…. Anytime China is going to buy something.
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At the conclusion of the G7 Summit in Biarritz, France, President Trump and French President Emmanuel Macron hold a joint press conference.
President Macron used the opportunity to serve his own urgent political interests.  With a populist ‘yellow vest’ movement knocking on his palace gates, the optics of presenting himself in alignment with ‘yellow vest’ nationalist Donald Trump helps Macron to deflect opposition away from his leftist policies.  Hence, a lengthy diatribe from the french weasel.
[Video below and UPDATED With Transcript]

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[Transcript] PRESIDENT MACRON: (As interpreted.) Mr. President, Madam First Lady, ladies and gentlemen — ladies and gentlemen: Following this G7 meeting that we have just held, and we’ve been discussing for two days now and I’m going to report back to you. But, first of all, I’d like to thank President Trump and all the heads of state and government present here for the extremely productive work and the very productive discussions that we’ve had since Saturday evening together.
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President Trump holds a bilateral discussion with India’s Prime Minister Narendra Modi.  PM Modi is a key figure in any strategy designed to blunt the influence of China.  [Video and Transcript below]

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[Transcript] – PRESIDENT TRUMP: Thank you very much. It’s great to be with Prime Minister Modi of India. Incredible country and he’s an incredible man. Just had a tremendous election victory and he really is a man who’s loved and respected in his country.
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U.S. President Donald Trump holds a bilateral meeting between German Chancellor Angela Merkel.  This meeting happens with the backdrop of the German economy in trouble.  [Video and Transcript Below]

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[Transcript] Q Mr. President, when will you visit to Berlin?
PRESIDENT TRUMP: Well, we’ll be coming to Germany. A very special place. And we look forward to coming. We haven’t set that date, but we will be going to Germany. Absolutely. Thank you.
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Note: Egypt is not in the Group of Seven (G7).  U.S. President Trump and Egypt’s President el-Sisi hold bilateral discussions during the final day of the G7 summit.
Because this was the first meeting of the day, the media had multiple questions; almost all unrelated to U.S-Egypt relations. [Video and Transcript Below]

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[Transcript] PRESIDENT TRUMP: Thank you very much. It’s a great honor to be with President El-Sisi, who’s a friend of mine for now a long time, it seems, right? From even before the campaign.
PRESIDENT EL-SISI: Yes.
PRESIDENT TRUMP: We met during the campaign, a little before the campaign. And we got along right away. I didn’t actually ask for an endorsement, but I think if I would’ve asked, I might have gotten it. (Laughter.)
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The third day of the G7 Summit in Biarritz, France, has more bilateral discussions between U.S. President Donald Trump and international leaders outside the traditional ‘group of seven‘ construct.  The topics of Macron’s selected G7 group discussion include planetary sustainability, climate change, biodiversity, oceanography and aquatic justice.
Additionally, President Trump will be holding bilateral economic meetings with President Abdel Fattah al-Sisi (Egypt) and Prime Minister Narendra Modi (India) from outside the G7; and then German Chancellor Angela Merkel from inside the G7.

At the conclusion of the summit, 9:30am EDT, President Trump will hold a joint press conference with French President Emmanuel Macron where it is likely Macron will exhaust his remaining pre-staged effort to advance the cause of multinational globalism; with customary assistance from rude left-wing American journalists.
♦ 2:30am EDT / 8:30am CEST – THE PRESIDENT participates in a bilateral meeting with President Abdel Fattal al-Sisi of the Arab Republic of Egypt, Biarritz, France
♦ 3:05am EDT / 9:05am CEST – THE PRESIDENT departs the Hotel du Palais en route to the Centre de Congrès Bellevue, Biarritz, France
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