The synergy, flow and timing of the U.S. trade and economic team is just a marvel; a brilliant assembly of perfectly in-tune economic and trade professionals.
As President Trump touched down in the U.K. to attend the two-day NATO summit, United States Trade Representative Robert Lighthizer announces the completion of a Section 301 review of France’s Digital Services Tax (DST).
After determining the value of the French tax on U.S. internet services at $2.4 billion; Lighthizer announces a 100%  countervailing duty on a carefully selected $2.4 billion in French imports.
Obviously the agenda for the bilateral NATO meeting between U.S. President Trump and French President Emmanuel Macron just changed.  LOL, you have to love Team USA.
Oh, but wait, wait… it gets better….
We have to remember, THIS $2.4 billion U.S. tariff against France would be on top of the $7.5 billion (per year) countervailing duty recently won from the Airbus subsidy case in the WTO…. and by law France cannot retaliate.
Oh my, President Trump strolls into the NATO bilat with Macron while holding a $10 billion legally justified countervailing tariff position.  How’d ya like ‘dem grapes?
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In advance of the Pelosi, Schiff, Nadler and Lawfare Committee releasing a highly partisan HPSCI report to facilitate a political impeachment effort, the House republicans have provided a proactive 123 page rebuttal report [pdf link here] the media will ignore.
A good encapsulation paragraph within the executive summary: “The Democrats’ impeachment inquiry is not the organic outgrowth of serious misconduct; it is an orchestrated campaign to upend our political system. The Democrats are trying to impeach a duly elected President based on the accusations and assumptions of unelected bureaucrats who disagreed with President Trump’s policy initiatives and processes. They are trying to impeach President Trump because some unelected bureaucrats were discomforted by an elected President’s telephone call with Ukrainian President Volodymyr Zelensky. They are trying to impeach President Trump because some unelected bureaucrats chafed at an elected President’s “outside the beltway” approach to diplomacy.”

[link to House pdf version of report]

1. President Trump has a deep-seated, genuine, and reasonable skepticism of Ukraine due to its history of pervasive corruption.
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Chopper pressers are the best pressers.  Earlier today President Trump paused to talk to the press pool prior to departing the White House for the NATO summit in the U.K. [Video and Rough Transcript Below]

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[Rough Pool Transcript] – President Trump … we’re fighting for the American people. It has not been a fair situation for us because we pay far too much as you know. Secretary Stoltenberg said we were responsible — I was responsible — for getting over $130 billion extra from other countries that we protect, that weren’t paying. They were delinquent. So we’ll be talking about that. We’ll be talking about a lot of things.
We are leading the world now on the economy, and we have been almost since I became president. But we are substantially ahead of anybody else. Nobody’s even close. You know that very well. And I look forward to having a number of very, very productive days for our country. We’ll be working hard. Do you have a question?
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Commerce Secretary Wilbur Ross appears on Fox Business to discuss the status of the U.S-China trade “negotiations” :::nudge-nudge, wink-wink::: and highlights the ‘phase-1’ fulcrum is China committing to the $50b Ag purchase without condition.  Secretary Ross also notes the December 15th date just happens to be “good timing” if the U.S. team is “forced” to put more tariffs on China.  LOL.
Additionally, Mr. Ross notes the challenge of a strong dollar as it relates to allied nations who are stimulating their own economy by sending us even cheaper stuff, ie. Brazil.

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Whenever we discover a financial analyst who understands the new dimension in U.S. economics (rare) it is worth revisiting them from time-to-time. Allianz chief economic adviser Mohamed El-Erian was one of the first MSM pundits to: (a) accept the disconnect between Wall Street and Main Street via de-globalization; and (b) begin to explain why that matters in the era of Trump.
El-Erian appeared this morning on Fox Business News to discuss President Trump’s re-imposition of steel and aluminum tariffs on Brazil and Argentina. Additionally El-Erian discusses trade tensions, market outlooks, consumer strength, recession fears, and the drag the rest of the world is placing in the U.S. economy.

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The U.S. economy is strong; all the fundamentals are solid. However, the multinationals on Wall Street -invested overseas- are more exposed. There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile… they need “structural reform.”  The multinationals are holding cash, waiting to see how it plays out.
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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

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 †

Oh my gosh.  First Lady Melania Trump introduces the 2019 Christmas Holiday decorations, and they are spectacular.

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On November 8th of this year Lawfare founder Benjamin Wittes sent a rather curious tweet proclaiming his undying devotion to former FBI lawyer Lisa Page.  At the time it seemed rather odd and out of no-where; but today it makes sense.
At the time of Witte’s tweet Lisa Page would have been scheduling her coming out narrative, and consulting with the DOJ/FBI “beach friend” community for PR advice.  After several weeks of planning and careful roll-out organization, noted by several weeks of contact with mutually aligned journalists, today Ms. Page steps into the spotlight with her introductory article in the Daily Beast, aptly titled: “Lisa Page Speaks“.
Yes, yes, of course Lisa Page says she’s a victim to the horrible President Trump and the exposure of “private affair”, and the exposure of her “political texts and biases” etc. etc.  However, that’s not what is really interesting….
Within the article there’s a very specific and very familiar type of victim narrative construct.
When you read the article it jumps out at you. The victim narrative is from the exact same acting coaches hired by the FBI and used by Dr. Christine Blasey-Ford; it’s a little spooky how both Ms. Ford and Ms. Page could sound so identical, until you realize the same FBI and media people have constructed both victim storyboards.
Ms. Page decries what she has seen happen to her beloved FBI, that as she said “she grew up in“.  Now, if that institutional attachment sounds a little over-the-top considering a grown woman started at the FBI in 2013 and resigned in 2018, well, it helps to remember this is the Public Relations advice from the DC-based FBI committee.
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The White House was given an arbitrary deadline of 5pm tonight (without any background information) for a participation response to a House Judiciary Committee December 4th hearing; at a time when President Trump is attending a NATO summit; for a hearing with unspecified witnesses; and for a hearing with unspecified purposes; and for a hearing with unspecified rules.
The White House responds accordingly (pdf here):

The full five-page letter is below:
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