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.
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.
White House Council of Economic Advisors Chairman Kevin Hassett gives an interview to discuss the current state of the U.S. economy. After discussing President Trump’s Fed pick Herman Cain, Hassett outlines how inflation is non-existent; and also discussions around ongoing U.S-China trade discussions.
Earlier today President Trump delivered remarks during an energy and infrastructure event in Crosby, Texas. [Video and Transcript]
There’s a term called “zeroing” at the heart of this World Trade Organization decision that supports President Trump, Secretary Ross and USTR Lighthizer.
When an industry product like Canadian softwood lumber is shipped into the U.S. for sale at a lower price than exists in Canada, the U.S. Commerce department calls that “dumping“. If the Canadian product is the same or higher in the U.S. as it is in Canada there is no dumping. No dumping is a “zero” or normal price differential; hence “zeroing”.
The Canadian government is subsidizing their lumber industry by allowing tree removal from federal land at discounted rates so long as the lumber is exported. This made softwood lumber cheaper in the U.S. than in Canada and set up the dumping issue.
[NOTE: This is the same issue with Steel and Aluminum from China]
U.S. lumber mills were going out of business because Canada was dumping subsidized product into the U.S. market at a discounted rate. As a consequence, in 2017 Commerce Secretary Wilbur Ross instituted a 20% tariff on Canadian lumber to protect the U.S. lumber industry. The tariff is a countervailing duty to offset the Canadian subsidy. ie. “zeroing”.
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During a bond hearing today prosecutors say the FBI is still investigating whether a 32-year-old Yujing Zhang, the Chinese woman accused of lying to illegally enter President Trump’s Mar-a-Lago estate in Florida, is a spy.
After a search warrant, additional spy tech was found in her hotel room including: $7,500 in one hundred dollar bills; a signal detector device to find hidden cameras; nine USB drives, five SIM cards and an additional cell phone. Sketchy… all of it.
(Via CBS) A federal prosecutor says a Chinese woman who was arrested for illegally entering President Trump’s Mar-a-Lago club had a device to detect hidden cameras in her hotel room when Secret Service agents searched it.
Speaking at Yujing Zhang’s bail hearing Monday in West Palm Beach, Florida, prosecutor Rolando Garcia said agents also found U.S. and Chinese currency in her room, along with nine USB drives and five USB cards. She’s charged with lying to a federal agent and illegal entering.
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.
National Economic Council Director Larry Kudlow discusses the latest BLS jobs report, the overall health of the economy and U.S-China trade discussions.
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]
President Trump delivered remarks today during a White House Opportunity and Revitalization economic group meeting. [Video and Transcript Below] What is the axiom that needs to be continually referenced when contemplating the forces aligned against President Donald Trump? “There are trillions at stake“.
President Trump is single-handily navigating U.S. interests amid a landscape where the entire BIG CLUB is aligned against him. All but a handful of DC politicians are owned by Wall Street’s BIG CLUB (Donohue and McConnell); multinationals & allied media. Meanwhile, to enhance their self-interests/plans, the ‘Occupy’ left-wing Democrats have abandoned all prior positions and joined a tactical alliance with Wall Street in the hopes of removing President Trump. These are the forces against all ‘America First‘ policies.