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.

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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.

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When ODNI James Clapper walked into the oval office on January 4, 2017, with “tech cuts” (transcript excerpts) from the Flynn/Kislyak phone call, essentially Clapper infected the White House with a paper record that the Obama administration was aware of the FBI investigating the incoming administration.  Re-creating plausible deniability was the primary motive behind the January 5th meeting and the subsequent Susan Rice memo.

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Why is it important to understand the duality of purpose for the appointment of the special counsel run by the figure-head (in name only) of Robert Mueller?…

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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.

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White House Chief of Staff Mark Meadows appears on Fox Sunday with Maria Bartiromo to discuss the administration efforts to continue COVID-19 mitigation while opening schools and restarting the economy during an election year.

In the second half of the interview Mark Meadows discusses the ongoing Durham probe and the recently released declassified documents:

…”You are going to see a couple of other documents come out in the coming days that will suggest that not only was the campaign spied on, but the FBI did not act appropriately as they were investigating.  It’s all starting to come unraveled -to unravel- and I tell you it’s time for people to go to jail or indicted”…

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Eyes forward my friends.

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The media are reporting that Wilburine has been hospitalized with an undisclosed illness.  Fortunately, the media reports are optimistic.

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.

Today at 4:00pm ET President Trump will be delivering remarks on ‘Rolling Back Regulations’ to help Americans. The speech is from the south lawn of the White House. [Livestream Links Below]

White House Livestream – Fox News Livestream – Alternate Livestream Link

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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.

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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.

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First, for those who have fought for decades against the baseline flaws within the NAFTA trade agreement, today is a very memorable day. Today the USMCA officially goes into effect and the trade brokerage system exploited by Mexico and Canada is officially ended.

NAFTA is DEAD! …This has been one hell of a decades-long battle.

Effective today the manufacturing of North American products must originate in North America. No longer will Canada and Mexico be allowed to “assemble” component goods from Asia and transport them as finished North American goods into the U.S. market.

The immediate impacts from this trade-loophole closure will be felt over the next several months and years.  Yes, things are rapidly about to change… and when you understand the details you also understand why the Democrats need to exploit a fictitious COVID fear to stop the explosion of U.S. economic growth that will follow.

Statement from U.S. Trade Representative Robert Lighthizer:

“Today marks the beginning of a new and better chapter for trade between the United States, Mexico and Canada – just as President Trump promised he would deliver for the American people.

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