White House Trade Policy Adviser Peter Navarro discusses the release of the White House Trade and Manufacturing Policy report (full pdf below) on China.

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Today, the White House Office of Trade & Manufacturing Policy (OTMP) released a report outlining how China’s policies threaten the economic and national security of the United States.
OTMP studied how China seeks to capture, through its “Made in China 2025” plan, the emerging high-technology industries that will drive future economic growth. China is targeting industries ranging from artificial intelligence, aerospace, and augmented and virtual reality to high-speed rail and shipping and new energy vehicles. Many of these “Made in China 2025” industries have important defense applications.
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When you plant your tree in another man’s orchard, you might end up paying for your own apples; it’s a risk you take…
….and President Trump knows how to use that leverage better than anyone could possibly fathom; because in this metaphor Beijing relies upon the U.S. for both the seeds and the harvest.  President Trump drops the $200b M.O.A.T (Mother of All Tariffs):

White House – On Friday, I announced plans for tariffs on $50 billion worth of imports from China. These tariffs are being imposed to encourage China to change the unfair practices identified in the Section 301 action with respect to technology and innovation. They also serve as an initial step toward bringing balance to our trade relationship with China.

However and unfortunately, China has determined that it will raise tariffs on $50 billion worth of United States exports. China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology. Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.

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U.S. Department of Commerce Secretary Wilbur Ross discusses President Trump’s tariffs against China and the significance of America’s trade deficit.

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Canada’s Foreign Affairs Minister Chrystia Freeland, the primary NAFTA negotiator, went to Washington DC today for a highly political ‘in-camera’ session with the U.S. Senate Committee on Foreign Relations. [Press briefing video at bottom]

The Chairman of the Foreign Relations Committee is Bob Corker, one of the largest recipients of corporate Wall Street lobbyist money in the senate.  Corker is the most staunch voice in opposition to President Trump’s trade reset policy.  The ranking democrat is Bob Menendez.  Together Corker and Menendez represent two of the most corrupt representatives in congress.  These are the allies Chrystia Freeland is counting on.

Freeland’s strategy, on behalf of Prime Minister Justin from Canada, is to leverage internal U.S. political opposition against President Trump’s NAFTA trade reset.  However, while Canada and Mexico fight against any new trade agreement that eliminates their economic exploitation model, the Canadian economy is already beginning to contract; and this is happening even before any substantive U.S. trade policies are in place:

(Via CBC) The economy lost 7,500 jobs in May as a drop in full-time employment was only partially offset by an increase in part-time jobs, Statistics Canada said Friday.

The overall drop in the number of jobs came as full-time jobs fell by 31,000, offset in part by a gain of 23,600 part-time positions.

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China controls the DPRK, that’s the baseline reality.  The question debated over the past several years, has been to what extent?  Having witnessed the Singapore Summit, perhaps we now have additional understanding of the scale and scope.

Kim Jong-un “is” the Panda Mask.

If you accept the cunning nature of the Beijing Dragon, and the false geopolitical face of the Panda mask as historically presented by the control elements now represented by Chairman Xi Jinping, a striking probability looms.  Not only does China influence North Korea, but China actually controls every element of the North Korean government that surrounds Chairman Kim Jong-un.

The problem for Chairman Xi is what happens when all of the political forces align to place Chairman Kim Jong-un in a position of opening the door for the U.S. and President Trump and the West (writ large) to enter North Korea under the auspices of a CVID nuclear agreement.

In essence, President Trump may now enter into a land where the officials report exclusively to Chairman Xi, and no-one knew.  This presents a possibility the larger global community might soon discover the true nature of the Beijing/Pyongyang connection.

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According to a tweet from President Trump National Economic Council Chairman Larry Kudlow has suffered a heart attack and is being treated at Walter Reed Medical Center.

Thoughts and prayers for Mr. Kudlow and his family.   UPDATE – Statement Regarding Larry Kudlow:

Earlier today National Economic Council Director and Assistant to the President Larry Kudlow, experienced what his doctors say, was a very mild heart attack. Larry is currently in good condition at Walter Reed National Military Medical Center and his doctors expect he will make a full and speedy recovery. The President and his Administration send their thoughts and prayers to Larry and his family, Sarah Sanders, Press Secretary.  (link)

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One of the greatest gifts President Trump provides through his policy discussion(s) is an awakening to how much U.S. voter perspective has been driven by constructed fallacy.

This is especially true in the discussion of domestic economic policy.  There are trillions of dollars at stake; and the stakeholders are growing increasingly angry as President Trump places a spotlight on decades of economic fraud and abuse.

Prior to the 2016 election few people understood that DC politicians don’t actually write legislation, lobbyists do.  Politicians don’t write laws, their role is to sell legislation created by lobbyist groups.  That is the modern legislative model; that’s how it really works.  Unfortunately the same bastardized and manipulated process has happened around trade deals and trade agreements.

In modern trade agreements, before the election of President Donald Trump, corporations would write the actual language within the deal.  Corporate lobby groups like the U.S. Chamber of Commerce, have fully functioning staff that do nothing except write the trade agreement language.

If a multinational corporation wanted to increase its value, it simply needed to pay the indulgency fee to the U.S. CoC and the massive lobbying group would create language inside the agreement to assist their interest.   Note the corporation didn’t need to be U.S. centric, currency is multinational.  The U.S. CoC then pays politicians, both democrats and Republicans, via campaign contributions for the trade controls.  People can debate the nuance and intersections of governmental bureaucracy within the process; however, peel all the skin from the onion and this is how it really was working.

Then came President Trump.

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President Trump affirms the U.S. position to use targeted tariffs to assert reciprocity as the trade standard.  Free and fair trade is the goal via removing tariffs and non trade barriers:

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The G7 outcome was politically important to left-wing Canadian Prime Minister Justin Trudeau and Canadian Foreign Minister Chrystia Freeland.  In the days leading up to the summit, their leftist political ideology took a hit when Doug Ford’s conservative movement won in the Ontario Province.   Trudeau and Chrystia needed a G7 win.

As a consequence, Justin from Canada needed U.S. President Trump to sign-on to the G7 communique, giving the summit the appearance of influence and success.

The win was needed for domestic political consumption; however, there were/are massive trade issues as an outcome of NAFTA and both Canada and Mexico structuring their economies as pass-through manufacturers of Chinese, Asian and European goods to gain access to the coveted U.S. Market.

Team Justin/Chrystia played the “ally card” diplomatically requesting G7 support. Team Trump was willing to give Team Justin/Chrystia the optics of a political win in the G7 communique as a diplomatic showing of ‘good faith‘, and set aside the larger conflict of the trade dispute for another day.  However, moments after they achieved the needed validity, after gaining the U.S. G7 support, Justin/Chrystia dropped the diplomatic approach and went back to public political trade antagonism and confrontation.

That’s the ‘stab-in-the-back’ aspect.

For months Chrystia and Justin have been playing politics with their U.S., Mexico and Canada (NAFTA) trade negotiations.  Chrystia and Justin traveling all over the U.S., meeting with liberal comrades and lobbying Washington DC politicians.

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I had a feeling this might happen.

G7 Carlevoix Communique HERE

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Lucky Day…. Lucky Day…  NAFTA squished.

More winnamins.

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