White House Senior Trade and Manufacturing Policy Advisor, Peter Navarro, appears with Maria Bartiromo to discuss the ongoing white house economic policy to continue recovering American jobs and manufacturing. Additionally, Navarro discusses the China conflict of interest carried by the Biden campaign.
A fifteen year argument is finally over…. We win. Most CTH readers probably don’t even remember the reason for the name: “The Last Refuge” upon this little corner of the internet. However, for well over a decade we have tried to share the truth behind the financial mechanisms that run Washington DC; and the primary machine has always been a completely corrupt, deceptive and anti-American U.S. Chamber of Commerce.
Against the entirety of the conservative media; and against the entirety of every organized group that ever attended CPAC; this website has attempted to educate people about the genuinely fraudulent purposes of the U.S. CoC and their President Tom Donohue. I have written hundreds of articles over the years outlining “there are trillions at stake” and the elements of importance behind that statement. Every single mainstream conservative voice has denied the truth; and likely most of them are probably on the CoC payroll.
Every former administration took massive payments from the CoC and allowed the Chamber to write trade agreements language for decades. The CoC business model was to take payments from Wall Street multinationals and then write the agreements to their benefit. Politicians were paid to keep quiet and support the CoC. The chamber is the largest lobby organization in DC. The chamber spends more money on influence than any other lobbying group by a massive amount. The CoC is at the heart of DC corruption.
President Trump knew about the CoC business model; that’s why he never allowed them a seat at the ‘America First’ table. That was the original source of our support for candidate Donald Trump. And now, after a decade of our trying to highlight the CoC scheme and the reason for it; yesterday, the U.S. Chamber dropped their pretense and admitted they were now supporting democrats because the CoC effort can only succeed by destroying Main St.
WASHINGTON DC – The U.S. Chamber of Commerce is poised to endorse nearly two dozen freshmen House Democrats for reelection, triggering a revolt within the right-leaning organization and drawing fierce push-back from the group’s powerful GOP donors.
United States Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and China’s Vice-Premier Liu He release a joint statement showing renewed emphasis on phase-1 purchases.
Washington, DC – Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China’s Vice Premier Liu He to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer.
Keep an eye open for information related to President Trump shifting the economic dynamic in the late summer and fall as he takes a more intense approach toward those who have acted against U.S. interests. One such example is a restart of 10% tariffs on Canadian aluminum effective August 16th.
WHITE HOUSE – […] The Secretary has now advised me that imports of non-alloyed unwrought aluminum from Canada, which accounted for 59 percent of total aluminum imports from Canada during June 2019 through May 2020, increased substantially in the twelve months following my decision to exclude, on a long-term basis, Canada from the tariff proclaimed in Proclamation 9704.
Imports of non-alloyed unwrought aluminum from Canada during June 2019 through May 2020 increased 87 percent compared to the prior twelve-month period and exceeded the volume of any full calendar year in the previous decade. Moreover, imports of these articles from Canada continue to increase, reaching in June of this year the highest level of any month since I decided to adjust imports of aluminum articles in Proclamation 9704.
The Bureau of Labor Statistics released the July jobs report earlier this morning. Overall during this phase of the economic recovery the U.S. added 1.8 million jobs in July, with strong recovery in: Leisure and Hospitality (+592k), Retail Trade (+258k) and professional and business services (+170k). [Full Report Here]
Strong steady gains continue in manufacturing, construction and transportation as more businesses begin to re-open and provide products and services into an economy with strong underlying demand. Durable goods inventories are low, those need to be replaced.
Well done Team U.S.A.
This is a very significant trade development as it is the culmination of a lot background work and a trilateral trade alliance based on economic nationalism. The U.S, Japan and India have been working on the Indo-Pacific trade reset for several years.
Prime Minister Shinzo Abe and President Trump already sealed their component. Now it appears India and the U.S. have reached terms. Very important. First, the report:
NEW DELHI (Reuters) – India and the United States are closing in on a trade deal, India’s Commerce Minister Piyush Goyal said on Tuesday, after two years of negotiations.
“In the long term, I believe we have a quick trade deal which has some of the pending matters built up over the last couple of years, which we need to get out of the way quickly. We are almost there,” Goyal said at the U.S.-India Business Council’s India Ideas Summit, being conducted virtually.
WASHINGTON – Commerce Secretary Wilbur Ross, 82, went to a hospital in upstate New York on Friday night, sources told Fox News.
A Commerce Department spokesperson on Saturday confirmed to Fox News: “Secretary Ross has been admitted into the hospital for minor, non-coronavirus related issues. He is doing well and we anticipate his release soon.”
Two of the sources told Fox News that Ross was not feeling well on Friday evening and went to the hospital. One source said his illness is not related to COVID-19. (link)
Secretary Ross is one of the key architects, designing and executing President Trump’s economic and trade policy. He is an incredibly brilliant mind and has been an essential component throughout. One of Ross’s primary responsibilities is organizing a restructured trade agreement with the EU. Prayers for a speedy recovery.
When the broad outlines of the U.S-Mexico-Canada (USMCA) trade agreement first appeared, we said it seemed clear presidential candidate Andres Manuel Lopez-Obrador (AMLO) was aligned with the economic nationalism preferred by U.S. President Trump.
Yesterday that alignment was on full display as AMLO delivered a very strong endorsement for the respectful agreement between the two nations. Unfortunately, the U.S. media will never report on these words of praise by President Lopez Obrador.
Transcript […] I also wanted to be here to thank people of the United States, its government, and thank you, President Trump for being increasingly respectful with our Mexican fellow men.
And to you, President Trump, I want to thank you for your understanding and the help you’ve given us in issues related to trade, commerce, oil, as well as your personal support for the acquisition of medical equipment that we needed urgently to treat our patients of COVID-19.
But what I mainly appreciate is that you have never sought to impose anything on us violating our sovereignty. Instead of the Monroe Doctrine, you have followed, in our case, the wise advice of the lustrous and prudent President George Washington who said, quote, “Nations should not take advantage of the unfortunate condition of other peoples.” End of quote.
President Trump and the U.S. economic team have held a policy perspective that the World Trade Organization (WTO) is no longer a useful functioning body to mediate global trade issues. At the center of that view are two issues:
First that WTO rules and regulations do not support American economic interests; and secondly, that WTO processes still provide China with favorable benefits as an “emerging nation” despite their scale. As a result the Trump administration has been positioning for a withdrawal from a dysfuctional WTO.
In an effort to keep the WTO intact, British Prime Minister Boris Johnson has nominated a pro-Brexit/pro-America trade minister, Liam Fox, to become the next Director General.
(Via Fox News) – The British government on Wednesday announced that it was nominating former International Trade Secretary Liam Fox to head the World Trade Organization – selecting a strongly pro-Washington candidate at a time when the U.S. is debating quitting the trade body.
During an interview with Fox Business’ Maria Bartiromo, Commerce Secretary Wilbur Ross notes that companies with headquarters in Hong Kong are likely to rethink those offices with China now taking control under Beijing’s sweeping new security law.
This is a significant statement and underpins the U.S. strategy that is dismantling the Chinese influence on global trade and manufacturing. As Secretary Ross noted: “I believe that there’s a good chance that all companies who have Hong Kong as their headquarters for Asia will begin rethink whether the new rules – the new relationship between Hong Kong and mainland China – whether those rules let Hong Kong be as favorable a place to have headquarters as it used to be.” WATCH (listen closely):
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There is a deliberate and blunt focus in the statements by Ross that will have a significant impact. Globally the world needs to accept the future of Hong Kong as a communist state, and disavow the notion of any semblance of an autonomous region. Secretary Ross just threw a bucket of cold water in the face of those who refuse to accept the reality as it exists.