It is going to take a heck of a lot of deep-weed education to cut through the economic gaslighting of the multinational corporations, Wall Street and their purchased institutional media.  However, I give the White House team (Secretary Ross, Secretary Mnuchin, Ambassador Lighthizer and Adviser Peter Navarro) a measure of strong credit for beginning:

WHITE HOUSE:  Measurement of trade flows is usually an uncontroversial topic relegated to macroeconomic classrooms and government technocrats. Recent debates about trade policy have brought the topic out of the shadows, and we hope to clarify how economists measure trade.

Every day there are international transactions for tens of thousands of different products. Physical goods, interchangeably called merchandise, are what usually comes to mind first. However, an increasing share of international trade is in services that are not physically transported between countries—think about financial insurance, licensing of trademarks, or services like consulting.

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Justin from Canada discusses his confidence at defeating U.S. President Donald Trump over concessions in NAFTA.  Essentially Sparkle Socks argument comes down to his view that women’s rights, climate change and globally progressive policies are more than enough to swat away the territorial annoyances of President Trump.

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Secretary of State Rex Tillerson did an excellent job representing the professional and deliberate diplomatic approach of the U.S. and President Trump administration.  His personal view toward foreign service on behalf of the U.S. was exemplary, and deserves high praise.

Having said that, as President Trump stated earlier today, there was also more than a tinge of disunity between the advocated views of Tillerson and the views of the Commander in Chief toward economic national security.   At times the fractures between policy perspectives were visible.  Over time those differences became more obvious.

As Secretary of the DoS Rex Tillerson supported the Paris Climate Treaty; the President did not; Secretary Tillerson supported the Obama administration’s Iran deal; the President did not; Tillerson was more apologetic toward lax immigration policy; the President is not; and there were other visible departures visible surrounding the use of economic leverage to achieve national security advancements, specifically on the issue of China and North Korea policy.

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U.S. Department of Commerce Secretary Wilbur Ross discusses the recently imposed steel and aluminum tariffs and America’s future trade relationships with all nations including the very protectionist European Union.

“Economic security is national security” ~ Secretary Wilbur Ross

Reminder: Regarding ‘European Union (EU) retaliation’, forget it; they won’t.

The protectionist EU hypocrites simply cannot afford to go toe-to-toe with the U.S. on trade. The UK is in the process of formalizing their Brexit terms; the EU (essentially ‘Germany’) needs to find a way to make up for the lost revenue (billions in taxes) from the UK economy. Currently the UK pays Brussels approximately a billion per month on a $2.5 trillion economy; that will stop.

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Just a short post to reflect upon.  We have consistently stated the #1 reason for opposition to President Trump is financial (ie. economic); “There are Trillions at stake“.

Everyone admits the past 40+ years of U.S. trade deals have resulted in the massive export of U.S. wealth via jobs and manufacturing gains within other nations.  The financial beneficiaries of those prior trade positions were: Wall Street, multinational corporations and multinational banks. The losers of prior trade priorities was the U.S. middle-class.

So ask yourself, friends and family this very important question:

If prior U.S. trade policies resulted in the export and redistribution of U.S. wealth… What happens when you reverse the process?

In the answer to that question we discover the opposition to U.S. President Trump.

Example Here

Maria Bartiromo talks about the steel and aluminum tariffs recently announced by the Trump administration along with the shifted trade perspectives of the Trump administration with White House Trade Policy Adviser Peter Navarro.

While the current trade focus centers around steel and aluminum tariffs, Mr. Navarro expands the discussion when asked about China as a trade target specifically.  Within the expanded discussion Navarro highlights U.S.T.R Robert Lighthizer’s pending 301 review of intellectual property theft by the Chinese government.

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Regarding ‘European Union (EU) retaliation’, forget it; they won’t.

The protectionist EU hypocrites simply cannot afford to go toe-to-toe with the U.S. on trade.  The UK is in the process of formalizing their Brexit terms; the EU (essentially ‘Germany’) needs to find a way to make up for the lost revenue (billions in taxes) from the UK economy.  Currently the UK pays Brussels approximately a billion per month on a $2.5 trillion economy; that will stop.

Brexit reduces the overall EU GDP by $2.5 trillion.  German Chancellor Angela Merkel cannot -and will not- challenge President Trump.  In addition to being politically weak, Merkel has attached her economy to expansive environmental regulations (Paris treaty), though she is now attempting to pale down those regulations.  Chancellor Merkel cannot afford to run the risk of losing any access to the U.S. market.

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White House Legislative Affairs Director Marc Short appears on Fox News to discuss the Steel and Aluminum tariffs being implemented by President Trump to protect the U.S. steel and aluminum manufacturing industry.

The Wall Street antagonists together with politicians purchased by the U.S. Chamber of Commerce and K-Street lobbyists (working on behalf of Wall Street),  have vowed to fight President Trump’s trade initiatives.   The steel and aluminum tariffs are the first in a series of trade actions by President Trump that he outlined during his candidacy.

Wall Street politicians (globalists) are now engaged in a fight against Main Street economic and trade policy (nationalists). There are trillions at stake. The anger against the President over the steel/aluminum tariffs is nothing in comparison to what lies ahead; with a likely NAFTA withdrawal and other MAGAnomic trade initiatives looming on the horizon.

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It’s always a superMAGAnomic day when we get to hear Commerce Secretary Wilbur Ross talk shop.  Two interviews today means extra doses of winnamins are needed to help digest all the winning.

Wilburine begins with Fox Business Charles Payne talking trade and NAFTA:

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Secretary Ross also appeared on Bloomberg to talk with the pearl-clutching Brits:

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A very confident Treasury Secretary Steven Mnuchin appears on CNBC for a wide-ranging interview on current economic subjects. Within the discussion [14:00] Secretary Mnuchin affirms the U.S. economy is nowhere near “full employment”; an economic reality which highlights how much labor statistics were manipulated by political ideologues the prior administration(s).

Additionally, Secretary Mnuchin discusses the administrations’ focus on ‘reciprocal trade deals’ as the cornerstone of new trade constructs. This is a seismic shift in U.S. trade position. The secretary replaces the word “globalism” with a more nuanced “world-wide”; and “economic patriotism/nationalism” is replace with the word “territorial”.

Also worth noting is the larger dynamic of “intellectual property” (vis-a-vis China) and how the inherent Trump policies therein overlay trade positions between the U.S. and China. As we have previously mentioned the USTR Lighthizer 301 investigation into China could be exponentially more significant than Steel and Aluminum tariffs. Secretary Mnuchin confirms this aspect albeit with a measure of necessary opaqueness.

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Leo Gerard, the President of the United Steelworkers Union, talks to a very frustrated Chuck Todd about the effect of President Trump’s new tariffs and his appreciation therein.

Chuck Todd has all his Media Matters talking points prepared to outline his narrative; however, unfortunately for the toad, he came up against a very knowledgeable union leader with a solid grasp of the details and important specifics.  WATCH:

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As you can see from President Leo Gerard’s comments he well understands the value of Commerce Secretary Wilbur Ross, U.S. Trade Ambassador Robert Lighthizer and administration trade strategist Peter Navarro. The next phase of MAGAnomic Main Street trade initiatives involves global “trade reciprocity” advancement.

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