Commerce Secretary Wilbur Ross, at the World Economic Forum in Davos, says the USMCA positions the U.S. to begin focusing on a new trade agreement with Europe and others. Secretary Ross notes the administration initiates the EU from a position that talks will be successful. It is only if talks are not successful that Europe has to worry about tariffs. Too funny:

…”Frankly, I’ve seen a little bit of a sense of panic among some of the Europeans, because they know that with us solidifying both the USMCA and China ‘phase-one’ we’re in much stronger negotiating position than we’ve ever been”…

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At the conclusion of two days of meetings and discussions, President Trump holds a press conference prior to departing the World Economic Forum.  Surprisingly President Trump invited Roberto Azevedo, Director General of the World Trade Organization, to give remarks.  [Video and Transcript]

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[Transcript] – THE PRESIDENT: Thank you very much. Please come on up, Roberto and Larry. Robert, Steve, come on up.
Good afternoon. We’ve had a tremendous two days here. We’ll be heading back right after this conference, and I’ve just concluded some additional meetings. We’ve had a lot of them. I think Davos has treated us really beautifully. It’s been a tremendous success. Everyone is talking about America’s unprecedented economic success. It’s really the talk of the town, so to speak.
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Earlier today, while attending Davos, President Trump sat down for a lengthy interview with Fox Business’ Maria Bartiromo.  The primary topic was trade and economics with additional insight around the impeachment fiasco and some current events.
Unfortunately Ms. Bartiromo did not ask if President Trump remembered there were documents he was going to declassify.

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For the second bilateral meeting at the Davos summit, President Trump meets with President Simonetta Sommaruga of the Swiss Confederation. [Video and Transcript]

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[Transcript] – PRESIDENT TRUMP: Okay, thank you very much, everybody. And we’ll be having a meeting largely based on trade — President of Switzerland and representatives from Switzerland.
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Prior to Davos bilat #1 President Trump holds a media availability with President Ursula von der Leyen of the European Commission. [Video and Transcript Below]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s great to be with the President of the European Commission and a woman who’s highly respected, I have to say, and I hear a very tough negotiator, which is bad news for us because we’re going to talk about a big trade deal. And we’ve been talking about it for a while, and hopefully we can get something done.
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White House manufacturing policy advisor Peter Navarro has an interview today to discuss the enforcement mechanisms behind the U.S-China trade agreement.
One of the interesting points Navarro raises is how the intellectual property provisions align with the newly initiated Customs and Border Protection “operation megaflex” where thousands of packages from China are opened looking for counterfeit goods.
According to Navarro the operation has identified a counterfeit rate of ten percent; fake goods and contraband narcotics.  China prosecuting these identified companies becomes part of the compliance system to see if China is adhering to the agreement.

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Commerce Secretary Wilbur Ross, the coolest cat in the crew, appeared tonight for a discussion on economics and trade with Lou Dobbs.  Secretary Ross discusses the current status of the economy and how the two trade agreements have established the foundation for a completely restructured U.S. trade relationship for years to come.
Wilburine notes the Europeans are nervous thinking about the wolverine teeth that will soon be heading in their direction.  Good Stuff.  WATCH:

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What makes the Trump economic team so effective is their independence from any influence outside of the America-First agenda.  President Trump, Secretary Wilbur Ross, and Secretary Steven Mnuchin were already independent billionaires -with wealth gained from private industry- before they entered office.  There is no financial influence upon them except to see Main Street USA thrive….
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White House Manufacturing Policy Advisor, Peter Navarro, appears on Fox Business with Charles Payne to discuss the ramification of China ‘phase-one’ and the USMCA for the middle-class blue-collar economy.  Excellent interview, WATCH:

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In advance of the Senate beginning the impeachment trial of President Trump, the upper chamber ratified the USMCA trade agreement with an 89-10 vote.  The agreement now moves to the White House where President Trump will sign it.

The final ratification is the result of two-years worth of renegotiated trade reform, and the outcome gained bipartisan support in both the House and Senate.  The only republican senator who voted against the deal was Pat Toomey of Pennsylvania who is concerned the USMCA will weaken the position of Wall Street multinationals.
Nine democrat senators did not support the agreement because there wasn’t enough verbiage to support their climate change priorities, and the USMCA does not align with the Paris Climate Accord.  [Vote Tally Here]

USMCA gives American producers better access to Canadian dairy markets, and creates a cornerstone for a revitalized U.S. manufacturing base.  The deal has much more strict rules of origination for the auto-sector with 75% of parts and materials must be made in north America.  Combined with the requirement that 40% of those industrial parts must come from plants where workers make a minimum of $16/hr, the U.S. auto-industry will gain significant benefits.
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Treasury Secretary Steven Mnuchin appeared on Fox News with Brett Baier for a more detailed discussion of the U.S-China ‘phase-one’ trade agreement.  Additionally, Secretary Mnuchin discussed the status of sanctions with Iran and his view on impeachment.

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…and Brett Baier is a human cabbage patch doll.
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