The actual announcement of KORUS (“KOR”+”U.S.”), the renegotiated U.S. and South Korea trade deal, has yet to be made by U.S. Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross and U.S. President Donald Trump.  However, more details are surfacing inside KORUS media leaks.  Fantastic job by Lighthizer!

TOP LINES:

• U.S. Gains twice as many exported vehicles into S-Korea (50k per manufacturer, per year).  [No word on possible Kia / Hyundai tariff or quota – RE: “unlikely”]
• South Korea drops ridiculous customs inspection barriers. [Trade trickery ploy]
• U.S. retains 25% Tariff on S-Korea pickup trucks with extension for 20 years.
• South Korea gets two year exemption from a 25% U.S. steel tariff, but must drop steel export level to 70% of prior two years shipments. (A controlled reduction of 30%).

(Via AP) The new deal doubles — to 50,000 — the cars each U.S. automaker can export annually to South Korea, reduces bureaucratic barriers to American products and extends a 25 percent U.S. tariff on South Korean pickup trucks by 20 years, through 2041.

South Korea escapes America’s new 25 percent tariff on imported steel — but must accept quotas on steel exports equal to 70 percent of its average annual shipments to the United States between 2015 and 2017.

The officials spoke on condition of anonymity in order to discuss the policy ahead of an official announcement.

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Byron York is reporting on a possible motive for FBI Director Wray assigning additional FBI staff resources to fulfill Judiciary Chairman Bob Goodlatte’s subpoena request.  According to an email received from inside the DOJ:

Byron York – Late Tuesday, a source who asked to be identified as a “DOJ insider” emailed an update from inside the Justice Department, making clear Sessions has grown impatient with FBI Director Christopher Wray:

“Senior staff on both sides of the street have met on this and the FBI is getting called on the carpet. The Attorney General is angry with how slow the process has moved when it comes to requests from Congress to the FBI. He’s told Wray that the pace is unacceptable and that if the FBI needs to double the number of people working on this, then that’s what they need to do, but he is done seeing the Department criticized for the FBI’s slow walking of requests from Congress like the last administration when these requests should be a top priority.” (link)

Additionally, the DOJ sent the following letter to Chairman Goodlatte in response to his subpoena request:

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A lot of under-the-radar action happening today surrounding the upcoming DOJ Office of Inspector General Michael Horowitz report.

House Judiciary Chairman Bob Goodlatte called Inspector General Michael Horowitz earlier today to discuss the content of the subpoena he recently sent to the DOJ demanding investigative records related to the ongoing IG internal review and report.

Simultaneous to this oversight discussion, and related to the content therein, FBI Director Christopher Wray released a public statement announcing additional FBI staff resources committed to fulfillment of Chairman Goodlatte’s request.

FBI – As the Director of the FBI, I am committed to ensuring that the Bureau is being transparent and responsive to legitimate congressional requests.

Up until today, we have dedicated 27 FBI staff to review the records that are potentially responsive to Chairman Goodlatte’s requests. The actual number of documents responsive to this request is likely in the thousands. Regardless, I agree that the current pace of production is too slow.

Accordingly, I am doubling the number of assigned FBI staff, for a total of 54, to cover two shifts per day from 8 a.m. to midnight to expedite completion of this project. (link)

DOJ Inspector General Michael Horowitz has ‘at least’ 1.2 million documents gathered as part of his fourteen month investigation into the politicization of the FBI and DOJ.

Included within the exhaustive evidence is the total transcript of text messages between FBI Agent Peter Strzok and FBI Attorney Lisa Page extending almost two years. Some of those text messages were previously released to congressional oversight committees and have structured much of the media storyline and investigative pathways for three congressional committees.  However, only a small portion of those texts were actually release so far.

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Commerce Secretary Wilbur Ross appears on Fox Business News for an extensive interview with Maria Bartiromo.  The interview covers a wide spectrum of important topics attached to the U.S. economy and ongoing trade deals.  Two great video segments for the interview will get you up to speed on ongoing initiatives:

♦Segment #1 outlines the upcoming announcement of KORUS, the South Korea and U.S. trade deal.  Additionally, Secretary Ross discusses the steel and aluminum tariffs and how they enmesh in the larger objective of the ongoing trade negotiations with China:

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♦Segment #2 outlines more on the aluminum and steel tariffs; ongoing trade talks with Europe; efforts to renegotiate NAFTA, and the possibility of a deal being reached; Saudi Arabian investment in the U.S. and the Commerce Department plans to bring back a citizenship question in the 2020 Census.

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Sarah Huckabee Sanders conducts the White House press briefing for Tuesday March 27th, 2018. Anticipated start time 2:00pm EST.

UPDATE: Video Added

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The passage of the defense spending portion of the Omnibus bill ultimately means there will be increased demand for U.S. steel and aluminum within new defense equipment. The contracts within the procurement process will predictably require the use of U.S. parts.

Add the increase in defense spending with the pending global tariffs on steel imports, and the environment is created for foreign investment in domestic steel and metal manufacturing…. Then add into the mix the geopolitical economic relationship developed between India’s Prime Minister Modi and President Trump… And you discover the backdrop for this announcement from India owned JSW Steel:

(Reuters) – India’s JSW Steel Ltd said on Monday it would spend $500 million to build out its U.S. operations in Texas, amid heightened global trade tensions following U.S President Donald Trump’s decision to pursue steep import tariffs.

The company has signed an agreement with the Texas governor’s office, under which the governor has approved a grant worth $3.4 million to the company’s unit, the steelmaker said in a statement here.

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Perhaps as early as this week we should anticipate hearing about completion a significant trade agreement with South Korea.  The deal is known as “KORUS” (KOR+U.S.), and has been in negotiations for over a year.

Part of the recent agreement within the auto-sector of the deal, between Moon Jae-in and President Donald Trump, via Lighthizer and Ross, is an exemption of U.S. steel tariffs for South Korea in exchange for a doubling of U.S. auto exports; from 25,000 to 50,000 American made cars, per U.S. automaker, per year.  (link)

The results within KORUS exhibit the intended outcome of the global tariff proposal from President Trump as leverage to enhance the administration policy of reciprocity.  The world is taking notice, and China is now beginning to signal their understanding of President Trump leading the international discussion of reciprocal trade.

The unspoken background is that all nations, who have acquiesced to the overwhelming demands of China’s trade position, are now beginning to reassess the value of President Trump confronting the equation head-on.  Ultimately it is beginning to sink-in that all nations can benefit from correcting a trade imbalance within their own position.  In essence, U.S. President Trump is moving the entire global trade dynamic.

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Principal Deputy White House Press Secretary Raj Shah delivers the press briefing for Monday March 26th, 2018.  Anticipated start time 2:00pm EST.

UPDATE: Video Added

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Omar Mateen was the Islamic terrorist who attacked the Pulse Nightclub in Orlando Florida in June of 2016 killing 49 people.  Mateen’s wife Noor Salman is currently going through trial for assisting her husband leading up to the attack.

Previously it was disclosed Omar Mateen was on the radar of the FBI and interviewed prior to the attack for threatening Sheriff’s deputies.   Stunningly, it is revealed today the shooter’s father Seddique Mateen was an FBI informant from 2005 through 2016.

ORLANDO – […]  Mateen’s father was the subject of motion by Salman’s defense late Sunday, asking for the case against to be thrown out or declared a mistrial and arguing prosecutors failed to disclose that Seddique Mateen is a former confidential informant for the FBI.

Omar Mateen’s father was also investigated after agents assigned to the shooting case found receipts for money transfers to Turkey and Afghanistan, according to the motion filed by Salman’s defense. U.S. District Judge Paul Byron said he would consider the motion later today.

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Senator Lindsey Graham appears on Fox News for an interview with Maria Bartiromo.  99.99% of the interview is country club Senator Graham repeating the same South Carolina white wine spritzer talking points he’s famous for.  That is to say lots of words amounting to nothing. The gastric equivalence of cucumber and mayonnaise triangle sandwiches on crust-less Wonder bread with a side of celery.

However, there is a reminder at 09:50 of a key and important point that tries to surface yet continues to get whacked down by the annoying duplicity of swamp creatures and a media that completely ignores the obvious.  Lindsey Graham claims Christopher Steele lied and told the FBI he never talked to media.

We do not know this to be true, and neither does he.

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It is far more likely the FBI:… #1) Ignored Chris Steele talking to media because they needed his Clinton-Steele dossier for a false FISA application; and #2) the FBI later told congress they didn’t know about Steele talking to media, but they really did; and #3) the FBI falsified FD-302 reports of their interview with Chris Steele to cover their tracks.

Here’s how we know:

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