U.S. Trade Representative Robert Lighthizer is attending Round Six of the NAFTA talks in Canada while President Trump, Secretary of Commerce Wilbur Ross, and Secretary of Treasury Steven Mnuchin attend the Davos World Economic Forum and sit down for an interview with Maria Bartiromo. (Three Video Segments).
Commerce Secretary Wilbur Ross at the World Economic Forum in Davos (President Trump departs the U.S. tonight to attend). The attendance by Secretary Ross provides an opportunity to further enforce the position of the Trump administration regarding free, fair and reciprocal trade deals.
Believe me, the economic globalist attendees were/are entirely freaking out. There’s a panel discussion video at the bottom which will highlight the tenuous position of the multinational corporations, banks and the economic interests of the globalists. Prior to the panel Secretary Ross gave an interview to CNBC. WATCH:
President Trump and U.S. Trade Representative Robert Lighthizer held an open-press Oval Office event to announce trade action, tariffs, against China (solar) and S-Korea (washing machines) for product dumping. [Details Here]
The backdrop of this executive action happens on the first day of NAFTA round six talks beginning in Canada. Ambassador Lighthizer will be traveling to Canada shortly. It is increasingly likely that President Trump will exit NAFTA as part of the larger initiative to draw manufacturing jobs back into the U.S. In this round, we are hearing from those close to the work that Mexico and Canada are panicked and ready to concede in an effort to keep access to the U.S. market they are dependent on.
President Trump and Ambassador Lighthizer are now in the process of leveraging the U.S. business tax policy changes to hammer bilateral trade deals. This is where the teeth of Team wolverine become visible. All future action builds on all preceding action.
Hear that sound?… It started way off in the distance during Q1 last year… After Trump’s MAGAnomic tax plan passed, the distant rumble grew louder… yet MSM still refused to heart it…. It’s now a roar of thundering U.S. corporations rushing back into the U.S. to participate in the MAGAnomic resurgence. The latest addition, Apple Inc.
President Trump is carrying out a very simple economic policy that is entirely against the grain of the past four decades. He called it, his words: America First. President Trump refused to accept their term: “A Service Driven Economy”. He gave the economic financial class the middle finger. He said, openly: ‘Not on my watch’; right to their faces. Trump’s political and economic opposition hate him, H.A.T.E H.I.M. He doesn’t care…
By sheer will, if necessary, POTUS Trump will NOT allow generations of Americans to be robbed by economic usurpation. His message was clear “America First”; non-compliant companies would be called out by name. He did. Massive corporations are now coming to heel based on POTUS Trump’s single-minded determination and focus to put American economic patriotism the front and center policy of U.S. economic policy. Deal With IT.
(CNBC) Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law.
The headline from Apple is that it will make a $350 billion “contribution” to the U.S. economy over the next five years, although it’s unclear exactly how the company came to that number.The company also promised to create 20,000 new jobs and open a new campus.
President Trump, Vice-President Mike Pence and leadership from the administration deliver remarks from Camp David following extensive meetings on this year’s administrative priorities.
This jobs report bolsters confidence in the MAGAnomic prediction shared two years ago. So long as current economic trends continue, the explosion in private sector wage rates, middle-class wages, will begin around Q2 of this year (April – June). Once the eight year Obama-labor-lag is fully absorbed, a tighter job market will put upward pressure on real wages.
The Main Street economic engine, the “real economy”, is now positioned to overtake the Wall Street engine, the “paper economy”. Meaning actual profits and losses, real economic GDP growth, will drive company earnings and valuations in 2018.
There is an economic policy synergy now taking place. The tax package that was passed shows how President Trump’s economic policy drivers (Ross, Cohen, Mnuchin) have structured Main Street businesses to willingly afford the wage rate increases.
The MAGAnomic dynamic is two-fold. The tax rates for the middle-class have dropped; simultaneous to this tax change increasing take home pay, the business sectors will have room to drive actual hourly wage rates higher. Lower rates and higher wages has a compounding impact on the amount of money in workers paychecks/pockets. See how that works?
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U.S. Ambassador to the United Nations Nikki Haley delivered strong remarks today during a press briefing surrounding U.S. policy toward Pakistan and Iran.
“The administration is withholding $255 million in assistance to Pakistan. There are clear reasons for this. Pakistan has played a double game for years. They work with us at time, and they also harbor the terrorists that attack our troops in Afghanistan. That game is not acceptable to this administration.”
WATCH:
Many readers might remember back in the summer 2017 (throughout July) when there were indications that President Trump, and allies, were positioning assets and drills for what appeared to be a strategic naval blockade. Well, today Reuters is reporting that South Korea has seized a second oil tanker, flagged under Panama, headed to North Korea.
The cost of smuggling oil into North Korea is getting very high. These oil tankers are very expensive and the cost of commerce in international ocean freight is underwritten by massive global insurance companies. Each of these interdictions’ makes the business end of smuggling much more unstable. Additionally, each of these violations opens up the co-dependent enabler as a target for massive U.S. Treasury Sanctions previously established.
SEOUL (Reuters) – South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday.
The seizure was the second to be revealed by South Korea within a few days, as the United Nations steps up efforts to squeeze essential oil supplies to the reclusive North following its nuclear or ballistic missile tests.
If the U.S. were to exit NAFTA (North American Free Trade Agreement), the price you pay for most foodstuff at the grocery store would drop 10% in the first quarter and likely drop 20% or more by the end of the first year. Here’s why:
Approximately a decade ago the U.S. Dept of Agriculture stopped tracking, and reporting, U.S. consumer food prices. The food sector joined the ranks of fuel and energy in no longer being measured to track inflation and backdrop Fed monetary policy. Not coincidentally this was simultaneous to U.S. consumers seeing massive inflation in the same sector.
There are massive international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.
When you understand how trade works in the modern era you will understand why the agents within the system are so adamantly opposed to U.S. President Trump.
The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.
It doesn’t.
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Well, that didn’t take long. About a decade ago we needed a phrase to describe a very specific set of republican senators, thus originated the term “Decepticons”.
Decepticons are different from traditional ‘establishment’ types in that they are a cloistered club, a sub-set of the upper-tier within the GOPe, and they protect their exclusive position because of the payments and benefits they receive from an individual lobbyist, Tom Donohue.
Tom Donohue is the President of the U.S. Chamber of Commerce, the largest single lobbying group in all of Washington DC. Donohue represents the interests of massive financial institutions and multinational corporations. Donohue receives hundreds of millions from his corporate conglomerates; and he controls the distribution of tens-of-millions toward individual senators on capitol hill who agree to uphold those interests.
A ‘Decepticon’ will NEVER break ranks with the Chamber. EVER. Regardless of the Chamber position. That character trait is what makes them uniquely “Decepticons.”
WASHINGTON DC – Senate Republicans are growing frustrated with what they see as a lack of clear direction in President Trump’s trade agenda, which they warn is hurting U.S. exporters.
Republican members of the Senate Finance Committee vented their concerns in a recent meeting with U.S. Trade Representative Robert Lighthizer.