National Economic Council Chairman Larry Kudlow holds an impromptu press conference today with media discussing the current state of the economy. Kudlow focuses attention to the economic gains amid the middle-class.

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Global economics, and the way the financial media spin, can be funny at times.  On one hand the pretentious global community scoffs at American Exceptionalism and claims the U.S. is only one country amid a international community of equals; on the other hand the reality of the U.S. being the leading economy in the world, and their need to retain access therein, slaps them in the face like a cold fish…
Investment capital flows to the location of highest return.  Amid the U.S. MAGAnomic growth; global investment is inbound to the USA.  The EU and Asia are in a period of low to stagnant growth…  lots of high-brow teeth gnashing.  To make matters worse, Trump is leveraging their weakness against them as he renegotiates reciprocal trade deals.

The G20 IMF and World Bank’s 2019 Annual Spring Meetings of finance ministers (fancy name to describe Mnuchin’s job) is taking place in Washington DC.  The finance ministers are stomping their feet at horrible Trump hoarding all the economic growth.

(Reuters) […] Policymakers from the Group of 20 industrialized countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.

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National Economic Council Chairman Larry Kudlow appears on Face The Nation to discuss issues with the U.S-Mexico border and possible economic ramifications if the security issues are not addressed. Additionally, Kudlow discusses the USMCA trade deal and the status of current negotiations with China.

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There are no coincidences when you dance with the dragon.  Earlier today U.S. prosecutors notified Huawei in a court filing they intend to use classified surveillance evidence gained through a FISA warrant against the Chinese state-owned enterprise.

Assistant US Attorney Alex Solomon said at the hearing in federal court in Brooklyn, New York, that the evidence, obtained under the US Foreign Intelligence Surveillance Act (FISA), would require classified handling. (more)

A few hours later, President Trump holds a meeting in the oval office to discuss trade issues with Chinese Vice-Premier Liu He….  [Video and Transcript Below]

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[Transcript] – 4:31 P.M. EDT – PRESIDENT TRUMP: Thank you very much. It’s a great honor to be with the Vice Premier of China, a highly respected man all over the world. We’ve had tremendous discussions. We’re getting very close to making a deal. That doesn’t mean a deal is made, because it’s not, but we’re certainly getting a lot closer. And I would think with — oh, within the next four weeks or maybe less, maybe more — whatever it takes — something very monumental could be announced.
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Something slightly delayed next week’s schedule by a few days.  Quite possibly the issue with the “Sanctions”, discussed yesterday.  However, that said, the next two face-to-face discussions between USTR Lighthizer and Vice Premier Liu He have been scheduled.

Statement from the Press Secretary – At the direction of President Donald J. Trump, United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Beijing, China, for principal-level meetings starting on March 28, 2019, to continue negotiations aimed at improving the trade relationship between the United States and China.

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Yesterday the U.S. Treasury announced sanctions against two Chinese shipping firms for violating ongoing sanctions against North Korea [TREASURY HERE].
With USTR Robert Lighthizer and Secretary Mnuchin set to travel this weekend to Beijing for ongoing trade discussion, the sanction timing complicates the dance with the dragon. Subsequently President Trump sends the following tweet:

Slamming China with sanctions (over DPRK dragon activity) while Beijing is showing the Panda mask (during Beijing trade negotiations) is not wise. If the Panda mask drops during trade negotiations to reveal the Dragon face, then ok. However, the majority of the West, driven by a misunderstanding of the China-DPRK relationship, does not know how directly a manipulative Beijing controls Pyongyang.
Taking aggressive sanction action against China could backfire with Beijing ordering those around Chairman Kim to test a missile.
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Shortly before the president signed an executive order on affirming first amendment rights on college campuses yesterday, President Trump sat down for an extensive interview with Maria Bartiromo.
The interview covers a wide range of topics with a primary focus on the U.S. economy, ongoing trade discussions and issues that impact the U.S. workforce. One of the granular issues that surfaces is a subject we discuss frequently, the value of the ‘chicken tax‘; the 25% tariff on imported trucks and SUV’s.   WATCH:

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Earlier this afternoon President Donald Trump delivered a speech in Lima, Ohio, at an Army tank plant.  The overall speech held a jobs and economic focus highlighting a strong U.S. economy that continues to expand.
Within the remarks President Trump mixed in a wide variety of current event topics including U.S. military success against ISIS; and the need for GM and the UAW to come to terms, then sell or re-lease the Lordstown, Ohio, auto plant.

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UPDATE Transcript Added – [Transcript] – 3:15 P.M. EDT – AUDIENCE: USA! USA! USA! (Applause.)
THE PRESIDENT: Well, you better love me; I kept this place open, that I can tell you. (Applause.) They said, “We’re closing it.” And I said, “No, we’re not.” And now you’re doing record business. The job you do is incredible. And I’m thrilled to be here in Ohio with the hardworking men and women of Lima. (Applause.)
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Oh dear, this doesn’t bode well for those who are concerned about U.S. imposed 20% auto tariffs on EU, mostly German, automobiles.  [NOTE: Pay attention to the timing here as it relates to Nord Stream 2] Germany’s chancellor Angela Merkel has announced she will no longer uphold her prior agreement for NATO military spending.

At the 2014 NATO meeting in Wales, all NATO members agreed they would immediately begin a process to increase their military spending to two percent of GDP.  However, over time, and in direct contravention to the purpose of the effort, Germany (Merkel) began secretly working behind the scenes with Russia (Putin) on the Nord Stream II gas pipeline.
The Nord Stream 2 pipeline delivers natural gas from Russia to Germany.  That pipeline is expected to go on-line this November, 2019.  Today, Angela Merkel announces she will no longer uphold Germany’s financial commitments to NATO. These two issues are directly related.  It now looks like Merkel made a back-door agreement with Russia on NATO.

(Via Daily Mail) Germany’s military spending is set to fall below its NATO targets, in the latest flashpoint in Berlin’s long-running row with Washington.
The latest German budget plans, revealed on Monday, will see defence spending drop well below the two per cent of GDP expected from NATO members.
U.S. ambassador Richard Grenell said the cuts were a ‘worrisome signal’, while President Donald Trump has repeatedly accused Germany of freeloading on U.S. military might.

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Calling attention to the brutally obvious is a key element to President Trump’s use of Twitter.  In this example President Trump (the business executive) highlights how GM is shutting an Ohio auto-plant at the same time multiple auto manufacturers are expanding operations in the U.S.

President Trump is 100% correct.  In just the past few months, specifically as an outcome of the USMCA, six auto companies have decided to massively expand U.S. operations and spend over $20 billion on auto-manufacturing investments in the U.S.
It makes no sense for an existing auto plant to sit idle.  Come to terms with the UAW; make a good deal that helps membership and incentivizes ownership; sell the facility to a new group expanding U.S. investment; retool, and get people back to work.   Consider:
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