There are going to be three MAGA groups: ♦Group one, team Rubio. ♦Group two, team Vance – Musk/Thiel. ♦Group three (alligator emojis) team DeSantis – Ellison/Murdoch. It looks like Trump wants team one and team two to work together, avoiding team three.
As previously outlined, Canada is so entrenched with their ‘orange man bad’ syndrome, they just cannot get out of their own way on stupid trade decisions. {GO DEEP}
You might remember Mexico retreating from Chinese electric vehicle (EV) development following the November 2024 election of Donald Trump.
Europe then stepped on the Chinese EV rake and began purchasing carbon credits from Chinese EV companies to avoid the “climate change” auto goals and subsequent fines to EU car companies for not hitting EV production targets. In essence, Europe is paying Chinese EV companies for carbon credits, thereby subsidizing lower priced Chinese EVs in Europe. The EU is paying China to destroy their own auto industry.
Now, it’s Canada’s turn.
As a result of President Trump asserting tariffs against imported autos, the large auto companies are abandoning plans to build or expand auto manufacturing in Canada. The Canadians are angry, and the professional political class in Canada is doing everything they can to continue ramping up opposition to Donald Trump.
With increased tariffs against Canada, and with the likely dissolution of the USMCA (CUSMA) coming in the near future, the Canadian govt of Mark Carney has been traveling the world to find alternative markets for their goods and services. The main targets for new Canadian economic and trade relations are the U.K, EU and China.
Wharton Professor and noted economist Mohamed El-Erian appeared on Fox News to discuss the jaw-dropping success President Trump is having with his global trade reset.
As noted by El-Erian no one, including El-Erian himself, expected President Trump to be able to navigate a global trade and economic reset with such stunning success. The entire economic policy is being driven by the personal influence of President Trump as he leverages tariffs and policy incentives to the benefit of the USA economy exclusively.
The scale of Trump’s agenda is difficult to overstate, and China is now positioned to feel incredible pressure to align Beijing policy with the requests of President Trump. “We thought there would be a massive retaliation against the US, there hasn’t been” El-Erian noted. “We’re collecting $800 Billion of tariff revenue” and “inflation has waned,” he said. This is a remarkable situation that few economists could accurately predict. WATCH:
This is not a surprise to readers here as we have discussed the Trump trade agenda with clear, non-pretending eyes. The ASEAN trip by President Trump is a masterclass in leveraging trade relationships and creating isolation for China. The downstream consequences for Canada continue to build as the Carney administration doubles down on their entrenched and futile opposition.
The American Federation of Government Employees (AFGE) union has now released a statement [SEE HERE] saying both sides have proved their point, and it is now time to end the federal government shutdown and pass a short-term continuing resolution (CR).
This move will put significant pressure on the Leftists and Democrats to stop their federal government shutdown. The AFGE represents 820,000 federal and D.C. government workers. The position by the AFGE carries with it a cultural component in alignment with the DC membership makeup.
In approximately one week SNAP benefits will be at risk, and collectively the interests of the AFGE and the AME (African Methodist Episcopal Church) come into alignment. The change in position is not coincidental.
WASHINGTON — The country’s largest union representing federal workers is calling for lawmakers to pass a short-term spending measure to immediately end the government shutdown, urging Democrats to abandon their current position and join Republicans in supporting a stopgap solution.
Aboard Airforce One on route to Tokyo, Japan, President Trump, Secretary Rubio, Secretary Bessent and USTR Greer held a press conference and debriefing with the traveling press pool. The main focus of their comments were trade and economics.
If you are interested in trade discussions, this video and presser is for you. Video Below:
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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Malaysia hosted the ASEAN conference attended by President Trump and positioned themselves very favorably for warm ongoing relations with the United States.
As President Trump thanked the various dignitaries for their warm hospitality, he invited them to the USA and delivered personal messages of great appreciation. The departure ceremony is below. WATCH:
United States Trade Rep. Jamieson Greer is a very solid member of the Trump trade team. Having learned at the knee of former USTR Robert Lighthizer, you can see the stability of thought in the consistency of approach.
USTR Greer outlines the ongoing discussions between the U.S. and China on the framework of a stable trade relationship. Against a myriad of geopolitical chess moves on the economic and trade front, Greer and Treasury Secretary Bessent play key roles in executing the Trump Doctrine.
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In the background of the President Trump and Chairman Xi meeting, we can see the broad contours of President Trump’s strategy toward both the Russia-Ukraine conflict and the China-Canada trade relationship.
If President Trump can formulate a strong, actionable and enforceable free trade agreement with Chairman Xi, it will undercut the ability of Canada to assemble cheap component goods not available in the U.S. manufacturing equation for total cost of goods. This puts Trump in an even stronger position heading into the 2026 USMCA (CUSMA) dissolution phase.
Additionally, despite the mainstream thoughts to the contrary, putting distance between Russia and China is not averse to the interests of Russian Federation Vladimir Putin, who would strategically prefer to do business with the ‘West’ over Beijing. However, China does not want to see their Biden-created tentacle weakened in Russia.
I had no idea the number of people receiving supplemental food assistance was over 40 million.
With the federal government shutdown continuing, several media reports now say federal food assistance payments will likely lapse on November 1st.
WASHINGTON – More than 40 million low-income food stamp beneficiaries are expected to receive less help with grocery bills — or no help at all — in the coming days.
The U.S. Department of Agriculture (USDA) is threatening to withhold billions of dollars in Supplemental Nutrition Assistance Program (SNAP) contingency funding, which Congress has already allocated for emergency scenarios, if the government shutdown stretches into November.
There is between $5 billion and $6 billion currently in that fund, experts say. That’s not enough to cover the estimated $8 billion in SNAP benefits due out next month, but it would allow for partial payments to help low-income Americans defray food costs.