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President Trump Remarks Hosting President Jimmy Morales of Guatemala – Video and Transcript…

Earlier today President Trump and First Lady Melania welcomed Guatemala President Jimmy Morales and his wife to the White House.  Prior to their bilateral meeting the two leaders held a press availability in the Oval Office. [Video and Transcript Below]


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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s a great honor to have President Jimmy Morales and Mrs. Morales —
MRS. MORALES: Thank you.
PRESIDENT TRUMP: — of Guatemala with us. We’ve had a tremendous relationship over the last two years, on the border. We’ve signed agreements with Guatemala that have been tremendous in terms of really both countries, but our country, with respect to illegals coming into our country. We just can’t have it. And it’s been very much slowed up. Guatemala has been terrific. Honduras, El Salvador, likewise, have been excellent.
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USTR Robert Lightizer Discusses USMCA and U.S-China Trade Agreements…

Great interview with United States Trade Representative Robert Lighthizer as he described the goals, objectives and outcomes of the USMCA and U.S-China Phase One agreements.
While answering a question about Wall St. journal criticism of the USMCA, Lighthizer discussed the dynamic of Wall Street -vs- Main Street as part of the bigger picture objective in the revised deal. He avoids the words “globalism” -vs- “nationalism” but the sentiment as described is there.
On China Lighthizer emphasizes the “phase one” deal is really a test to see if it is even possible to have an enforceable trade agreement between a communist state-run economy (China) and a free-market economy (U.S).


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Germany Frets – China Threatening German Auto Industry if Huawei 5G is Blocked…

At the same time Beijing is reportedly promising internal reforms to retain access to a vital and necessary U.S. market for Chinese goods, Beijing is threatening Germany if they block Huawei technology from their 5G network China will announce German autos are unsafe for import…. Chancellor Angela Merkel is in a pickle.

According to Bloomberg analysis, German automakers sold approximately seven million cars to China in 2018.  The Chinese Ambassador to Germany said this weekend: ” “If Germany were to take a decision that leads to Huawei’s exclusion from the German market, there will be consequences. The Chinese government will not stand idly by.”

(SCMP) […] The Chinese ambassador in Berlin has stirred up a fresh controversy over the tech giant Huawei after he threatened “consequences” if it was excluded from Germany.

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NEC Chairman Larry Kudlow Discusses U.S. Economy and Trade Agreements…

National Economic Council Chairman Larry Kudlow appears on Fox News for a discussion of the status of the U.S. economy, the USMCA and the U.S-China trade agreement.
The Wall Street GOPe, positioned primarily in the senate, are preparing to punish the administration for their restructuring of global trade against the backdrop of the senate influence over impeachment.


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Rare Interview – U.S. Trade Ambassador Robert Lighthizer Explains "Phase One" of U.S-China Trade Deal…

USTR Robert Lighthizer made a rare appearance in the media to discuss the “big picture”, and some specifics, around the U.S-China phase-one agreement.
Ambassador Lighthizer notes the principle challenge is generating an enforceable set of standards -within a written agreement- between a totally controlled communist economic system (China) and a free-market system (USA).  No other nation has ever tried, and there is no preexisting trade agreement to facilitate a mapping.  What Lighthizer is constructing will be what all nations will start to use going forward.  This is historic stuff.
Arguably, next to President Trump, USTR Lighthizer is one of the most consequential members of the administration. What he is constructing, with the guidance of President Trump, is going to influence generations of Americans.


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[Transcript] MARGARET BRENNAN: This week, the U.S. and China agreed on the first phase of a trade deal that would roll back some American tariffs. It’s expected to be signed in early January. We’re joined now by the U.S. Trade Representative, Robert Lighthizer, the top negotiator in those talks with Chinese officials. Good to have you here.
U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER: Thank you for having me, MARGARET.
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NEC Chairman Larry Kudlow Discusses USMCA and U.S-China "Phase One" Trade Deal…

Interesting:  Tuesday budget vote. Wednesday Impeachment vote. Thursday USMCA vote.
National Economic Council Chairman Larry Kudlow appears with Maria Bartiromo to discuss the ratification of the USMCA and the U.S-China “phase one” trade deal.


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USTR Lighthizer appeared on CBS to discuss the China agreement, he goes into more detail. That conversation is coming next.
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President Trump Congratulates Boris Johnson on Great Win: "Now be free to strike a massive new Trade Deal after BREXIT"…

Last night President Trump congratulated Prime Minister Boris Johnson on his great win in the U.K. election, noting the possibilities for a big trade boost are “massive”:

Not accidentally, the geopolitical economic and trade planets have aligned splendidly.   The cornerstone USMCA agreement has bipartisan support and will ratify quickly in congress.  A “phase one” trade agreement with China is likely, and prior plans for a strategic trade deal with the U.K. have increased as a result of the U.K. election.
First rule in geopolitics, it’s always about the economics.  Second rule in geopolitics: refer to rule #1.    Understanding this basic truism is the key to understand how President Trump is able to be so effective.  There are trillions at stake, and many interests.

“Economic security is national security.” ~President Trump

All politics circles back to the underlying economics; whether it is an individual financial self-interest for a specific politician, or whether it is a larger financial interest for a group or even a nation.  Everything is always about the money; and that essential truth is why Donald Trump is so uniquely qualified, influential and stunningly effective.
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USTR Robert Lighthizer Delivers Remarks at USMCA Signing Ceremony in Mexico City…

U.S. Trade Ambassador Robert Lighthizer traveled to Mexico to put the finishing touches on the revised USMCA agreement.  Ambassador Lighthizer delivered remarks at the signing ceremony hosted by Mexican President Andres Manuel Lopez-Obrador.
U.S. Trade Representative Robert Lighthizer stressed the United States has a stake in Mexico’s success as representatives from the United States, Mexico and Canada gathered in Mexico City to sign modifications to the USMCA, a historic trade agreement.


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President Trump Impromptu Presser Departing the White House – Video and Transcript…

Chopper pressers are the best pressers; but twilight chopper pressers in the rain are even better.  President Trump delivers remarks to the press poll as he departs the White House for a rally in Pennsylvania. [Video and Transcript Below]


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[Transcript] – THE PRESIDENT: Okay. It’s pretty wet out here. We’re going to Hershey, Pennsylvania, tonight. We have a big rally — a lot of people, tremendous lines, great enthusiasm. There’s never been this enthusiasm, in my opinion, for the Republican Party. The Republicans have stuck together through the witch hunt. It’s a terrible thing, but even the Democrats — they couldn’t find very much because they put up two articles that, frankly, are very weak. And they’re very weak.
Also, they approved, today, of all days — we’ve been waiting a year — and they approved today the USMCA. And I call that the “silver lining” to impeachment. Because without the impeachment, they would have never approved it, in my opinion. The impeachment is the reason they approved it.
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USMCA Gains Bipartisan Support in House – Senate Leader Mitch Jinping Says Not-so-Fast, Impeachment First…

It’s funny to watch this transparently predictable stuff play out in real time.
After Pelosi gives the nod for USMCA ratification in the House, Senate Leader Mitch McConnell declares he will not allow Senate support until he extracts his impeachment indulgency fees.

WASHINGTON (Reuters)Senate Majority Leader Mitch McConnell said on Tuesday the U.S. Senate would not take up the USMCA trade deal next week before congressional recess.

The Republican leader said that trade deal likely will come up in the Senate after the impeachment trial of President Donald Trump. McConnell said the Senate does hope to tackle the defense and spending bills next week. (link)

Too funny…. and way too predictable.
Now, if you are wondering what the heck is going on, it might be worthwhile to remember the question CTH presented about this dynamic last week:
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