U.S. Trade Ambassador Robert Lighthizer traveled to Mexico to put the finishing touches on the revised USMCA agreement. Ambassador Lighthizer delivered remarks at the signing ceremony hosted by Mexican President Andres Manuel Lopez-Obrador.
U.S. Trade Representative Robert Lighthizer stressed the United States has a stake in Mexico’s success as representatives from the United States, Mexico and Canada gathered in Mexico City to sign modifications to the USMCA, a historic trade agreement.
It’s funny to watch this transparently predictable stuff play out in real time.
After Pelosi gives the nod for USMCA ratification in the House, Senate Leader Mitch McConnell declares he will not allow Senate support until he extracts his impeachment indulgency fees.
WASHINGTON (Reuters) – Senate Majority Leader Mitch McConnell said on Tuesday the U.S. Senate would not take up the USMCA trade deal next week before congressional recess.
The Republican leader said that trade deal likely will come up in the Senate after the impeachment trial of President Donald Trump. McConnell said the Senate does hope to tackle the defense and spending bills next week. (link)
Too funny…. and way too predictable.
Now, if you are wondering what the heck is going on, it might be worthwhile to remember the question CTH presented about this dynamic last week: (more…)
U.S. Attorney General Bill Barr sits down with the Wall Street Journal to discuss the information released within the IG report on FBI 2016 election surveillance against candidate Trump; and FISA exploitation for use therein.
U.S. Attorney General Bill Barr has sent the totality of the U.S. media into spasmodic fits of apoplexy today as he discusses the findings of the DOJ inspector general review of a highly corrupted FISA process.
The Attorney General talks about how the FBI weaponized their official duty in an effort to carry out what seems to be a political agenda. Mr. Barr goes into detail with his thoughts on the current criminal review assigned to U.S. Attorney John Durham; and the unfortunate issues with a group at the top of the organization who politicized the FBI as an investigative agency and used an alliance of media assets to achieve political goals.
.
Many people are writing and asking for my personal opinion of AG Bill Barr. I shall provide that below. (more…)
Amid breaking developments on multiple trade fronts which will likely see USMCA passage; and the potential for enhanced China tariffs on December 15th; Commerce Secretary Wilbur Ross appears with Maria Bartiromo to discuss the big picture.
Secretary Ross highlights the manipulation of USMCA ratification and timing by Pelosi to obfuscate the highly partisan political impeachment effort. Mid-2019 CTH noted this strategic plan was visible and probable.
Ross also discusses the specifics of China, the EU and Brexit as it relates to the global trade reset being carried out in a methodical manner by the Trump administration. The USMCA will be the first cornerstone domino in a chain of trade events that will fundamentally restructure the nature of all international trade and supply chains. Great Interview:
.
As we have discussed on these pages, the dynamic is severely consequential and the Wall Street multinationals are reacting to the daily details while Main Street gains strength. President Trump is dismantling global supply chains; focusing on bringing high-wage manufacturing industry back to the U.S; and driving a process of profound consequence through economic nationalism.
Titan Trump is winning the economic battle by: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshal plan of global trade and one-way tariffs (de-globalization). (more…)
Earlier today President Trump and Vice-President Pence hosted a family education roundtable at the White House. There were also questions from the media [Video and Transcript Below]
.
[Transcript] – THE PRESIDENT: Okay, thank you very much. The IG report just came out, and I was just briefed on it, and it’s a disgrace what’s happened with respect to the things that were done to our country. It should never again happen to another President. It is incredible. Far worse than I would have ever thought possible. And it’s — it’s an embarrassment to our country. It’s dishonest. It’s everything that a lot of people thought it would be, except far worse.
So I’m going to get some very detailed briefing — briefings. But they are — it’s a very sad — it’s a very sad day when I see that; a very sad day when a lot of people see that. They had no nothing. It was concocted. And you say what you want — that was a — probably something that’s never happened in the history of our country. (more…)
China controls North Korea; essentially as a proxy province. As a result Beijing controls the messaging from the DPRK. Chinese Chairman Xi Jinping is the captor and North Korean Chairman Kim Jong-un is the captive – it’s essentially a hostage dynamic. The historic objective has been to use DPRK aggression as a hedge against the west.
Predictably there was going to come a moment when Chairman Xi realized the trade negotiations by his adversary, President Trump, were a hall of mirrors. The U.S. President has played China by using their own panda-mask strategy against them.
President Trump achieved his goal when no-one was paying attention. The goal was a decoupling from China on economic terms. Strategic decoupling has been underway for over a year. There is no actual intent to reach a trade deal with China where the U.S. drops the tariffs and returns to holding hands with a happy panda playing by new rules. This fictional narrative is a figment of fantasy being sold by a financial media that cannot fathom a U.S. President would be so bold as to just walk away from China.
For almost three years U.S. President Trump has been working on two connected objectives: (1) removing the threat posed by North Korea by severing the ability of Beijing to use the proxy province as a weapon (Kim is hostage to China); and (2) deconstructing the growing economic influence of China.
Both issues are directly connected to U.S. national security; and both issues are being approached by President Trump through the use of economic leverage to achieve national security results. (more…)
Seventy-eight years ago today, the course of our Nation’s history was forever altered by the surprise attack at Pearl Harbor on Oahu, Hawaii. On National Pearl Harbor Remembrance Day, we solemnly remember the tragic events of that morning and honor those who perished in defense of our Nation that day and in the ensuing 4 years of war. (more…)
Following a visit to Mexico by U.S. Attorney General Bill Barr, earlier today President Trump announced he was putting a “temporary hold” on the designation of Mexican drug cartels as terrorist organizations.
It looks like President Donald Trump has once again created a significant amount of leverage for Mexican President Lopez-Obrador to continue working with the Trump administration on a variety of security (border and immigration) and economic (USMCA) aspects. (more…)
