Today Canada released an updated list of retaliatory tariffs designed as countermeasures to the U.S. Steel and Aluminum tariffs [SEE HERE] which will begin Sunday, July 1st.
Additionally, Foreign Minister Chrystia Freeland, Innovation Minister Navdeep Bains, and Employment and Labour Minister Patty Hajdu, announced they would initiate an emergency program to use Canadian taxes compensate workers, expand unemployment benefits, and subsidize impacted industry.  Yes, in a transparent display of political ideology (throwing capitalism directly out the window), Canada doubles-down on centralized government subsidies to offset market impacts.   Brilliant ‘eh!

Chrystia Freeland made the announcement on the floor of a Hamilton steel factory Friday. In a rare backdrop, Ms. Freeland actually entered a factory with machines and things, to deliver the carefully choreographed political message (video below – watch the last minute to understand).
Team U.S.A. have applied tariffs to Canadian softwood lumber, Steel and Aluminum as Canada refuses to negotiate new terms for NAFTA where North American products are prioritized.  Canada demands the ability to continue importing Asian, mostly Chinese, products for their assembly-based market.
With the latest counter-move by Justin and Chrystia from Canada, it is increasingly likely President Trump will levy a 20% tariff on imported Canadian automobiles.  Last month (May) the Canadian economy dropped over 31,000 Full-Time jobs.
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Earlier today President Trump delivered remarks celebrating the six month anniversary of the U.S. Tax Cuts and Jobs Act.   Today is also the last business day of the second quarter.

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Long time CTH readers might note in 2015 when we first saw candidate Trump’s economic policy initiatives, we began outlining the sequential economic possibilities if President Trump won. So far, all is going according to plan – STUNNINGLY According To Plan.  Seriously, go back and look –FEBRUARY 2016– two-and-a-half years ago.
The possibilities were obvious.  As a result we predicted repeatedly that Q2 of 2018 would be the beginning of the largest period of U.S. GDP and wage growth in the past 30 years.  Q2 2018 ends tomorrow and the results of Q2 will be announced in the next few weeks.  Everything is happening in a logical sequence as a result of Trump’s MAGAnomic plans.
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The House Judiciary Committee has primary oversight authority over the DOJ.  House Judiciary Chairman Bob Goodlatte discusses the testimony from FBI Agent Peter Strzok, and Deputy Attorney General Rod Rosenstein, along with the next steps.

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On the six-month anniversary of the tax cut/tax reform legislation passage, Treasury Secretary Steven Mnuchin sits down with Maria Bartiromo to discuss the current status of all MAGAnomic initiatives.
Tomorrow is also the last day of the second quarter (April, May June), and today is the last business day of Fiscal Year 2018 third quarter (fiscal years start Oct. 1st).

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Segment two below. Ivanka Trump joins Secretary Mnuchin to discuss results.
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Louie Gohmert questions Rosenstein about Bruce Ohr (Deputy Asst Attorney General DOJ-NSD), Tashina Gauhar (Deputy Asst. Attorney General for DOJ-NSD), and Trisha Beth Anderson (FBI Office of Legal Counsel):

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Rosenstein says he never knew Bruce Ohr was communicating with Fusion GPS and Chris Steele? Rosenstein says he never knew Bruce Ohr’s wife was an employee of Fusion GPS and communicating with FBI. Rosenstein says he cannot imagine a scenario where the DOJ-NSD and FBI would purposefully mislead the FISA Court.
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Following the groundbreaking ceremony, President Trump delivered remarks to a Wisconsin audience to commemorate the opening of the massive high-tech industrial complex.

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From the office of Commerce Secretary Wilbur Ross: The groundbreaking on Foxconn’s $10-billion factory to produce state-of-the-art flat-panel displays in Mount Pleasant represents a milestone for America.
With a 20-million-square-foot campus situated on 3,000 acres, the new Foxconn plant will be among the largest factories ever built in the United States. It will take two years and 10,000 construction workers to build, and employ 13,000 workers when in full production of a variety of LCD screens. It is one of the largest foreign direct investments ever made in the United States.

It would never have happened without the promise of the Trump tax cuts and the President’s personal intervention.
As important as the new factory is to the workers of Wisconsin, the facility is also a symbol of what is to come: It is the first of a large number of investments in advanced manufacturing facilities being reshored from overseas locations back to the United States.
Foxconn CEO Terry Gou has already said that he is considering another enormous facility in the United States.
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President Trump often holds local media Q&A’s when discussing specific local aspects to larger trade and economic initiatives.  In this quick interview with Charles Benson President Trump discusses the Foxconn deal (more on that will follow), and the larger issue surrounding a global trade reset objective (important video below).
As steps are taken within the America-First economic initiatives, many people are overlooking President Trump’s ultimate goal of a complete global reset in trade.  The Trump administration wants all trade tariffs and trade barriers removed so that all nations can compete on an even field.
In order to achieve that goal, POTUS Trump is applying the process of reciprocity; assigning an identical U.S. trade standard as the country being confronted.
The international community cannot negotiate (in good faith), from an adversarial position, against an identical trade policy they apply toward the U.S.
However, until today no President has ever called out the global trade hypocrisy; let alone challenged it directly.   President Trump will not back down from this approach. The international trade community is just now realizing that fact.
Within the process of negotiation to achieve this reset, President Trump begins to apply the principles of reciprocal trade tariffs.  This is the first phase; this is where we are now.
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At approximately 2:30pm EDT a gunman entered the offices of Baltimore Sun subsidiary Capital Gazette in Annapolis Maryland.  According to media reporting: •5 fatalities, •numerous victims shot; •shooter captured by police; Report: •white male, in his late 30’s; shotgun used.  Suspect identified as 38-year-old Jarrod Ramos, who unsuccessfully sued the Capital Gazette for defamation in 2012.

With the suspect named as 38-year-old Jarrod Ramos, a surname that generally works against the preferred narrative [Twitter Here], the media engineers will likely begin to avoid further exhaustive coverage:   From 2015:

Maryland’s second-highest court last week upheld a ruling in favor of Capital-Gazette Communications, a former reporter and a former publisher accused of defamation.
Jarrod Ramos of Laurel made the defamation claim in Prince George’s County Circuit Court in 2012 after a 2011 column by then-Capital staff writer Eric Hartley about Ramos’ guilty plea to criminal harassment. (link)

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First Lady Melania Trump made a visit to Arizona today to visit two Customs and Border Patrol facilities. The first stop was Tucson and the second stop was Phoenix.
The first lady held a roundtable discussion with Border Patrol, Immigration and Customs Enforcement, the U.S. Marshals Service and a local rancher. ‘I want to thank you for all your hard work. I know how difficult and dangerous your daily jobs are,’ Melania Trump told agents. ‘I am here to support you and help any way I can.’
At the roundtable, Kevin McAleenan, Commissioner of U.S. Customs and Border Protection, told the first lady 1,600 people – including 539 in families – tried to enter the United States illegally on Wednesday. Rodolfo Karisch, Chief Patrol Agent of the Tucson Sector Border Patrol said immigration enforcement has been characterized as ‘cruel and heartless, but that is not the case.’  (more)

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