White House Press Secretary Sarah Sanders discusses the urgent need for action to solve the crisis at the southern border. The Chamber of Commerce Decepticon Club (Grassley etc.) is not happy with tariffs on Mexican goods.
As Wall Street’s Big Club politicians go bananas over the pending tariffs on Mexico, House Judiciary Committee ranking member Doug Collins appears on Fox morning to discuss his own visit to the border, the growing crisis and the political intransigence in DC.
AMLO knows there is no way for Mexico to begin retaliating against the U.S. after President Trump demanded they step-up migration travel enforcement or face U.S. tariffs on Mexican imports. There’s no way for Mexico to take on Trump economically; and they would be foolish to try… All business interests in Mexico will take a financial hit as soon as the stock market opens tomorrow: [Tweet Link]
No doubt Mexican Foreign Minister Jesus Seade will reach out to Jared Kushner for relief/assistance; but don’t look for President Trump to change on this issue until he sees substantive actions taking place. Trump knows AMLO has a tendency to play political games with immigration; he’s made hollow promises before; and now Jesus Seade is in a very tenuous position.
(Reuters) […] The announcement rattled investors who feared that worsening trade frictions could hurt the global economy. The Mexican peso, U.S. stock index futures and Asian stock markets tumbled on the news, including the shares of Japanese automakers who ship cars from Mexico to the United States.
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President Trump Twitter @POTUS / Vice President Pence Twitter @VP
Sarah H Sanders Twitter @SHSanders45
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 †
House Intelligence Committee ranking member Representative Devin Nunes responds to Robert Mueller’s national impeachment address:
The White House gave some advanced information about President Trump and First Lady Melania Trump’s upcoming state visit to the United Kingdom; which includes trips to Ireland and France. [Trip Date: June *3rd, 4th, 5th and 6th.]
[White House] PRESS OFFICER: Good afternoon, everyone. Thank you very much for joining us for this background call on the President’s upcoming trip to the UK, Ireland, and France. This will be on background, attributable to a senior administration official.
Joining us today is [senior administration officials]. They will provide a brief trip overview at the start, and then we’ll be able to take your questions.
So at this point, I’ll turn it over to [senior administration official].
SENIOR ADMINISTRATION OFFICIAL: Thank you so much. I’ll just make a couple of brief remarks and then turn over to my colleague for some of the details.
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Jumpin’ ju-ju bones, President Trump has just announced an emergency tariff program on all Mexican goods that begins on June 10th at 5% and continues to increase monthly until Mexico takes action to halt illegal Central American migration.
Tariff Schedule: ♦5% effective June 10th ♦10% effective July 1st ♦15% effective August 1st ♦20% effective September 1st ♦25% effective October 1st, and continuing therein until Mexico takes action to stop the flow of Central American migrants.
Details from the White House: As everyone knows, the United States of America has been invaded by hundreds of thousands of people coming through Mexico and entering our country illegally.
This sustained influx of illegal aliens has profound consequences on every aspect of our national life—overwhelming our schools, overcrowding our hospitals, draining our welfare system, and causing untold amounts of crime. Gang members, smugglers, human traffickers, and illegal drugs and narcotics of all kinds are pouring across the Southern Border and directly into our communities. Thousands of innocent lives are taken every year as a result of this lawless chaos. It must end NOW!
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Vice-President Mike Pence traveled to Canada today as an emissary of the Trump administration to support Canadian passage of the USMCA trade agreement.
According to Reuters media reports the vice-president was focused on the importance of a strong North American economic alliance, and how a united tri-lateral agreement can form a geopolitical hedge against influence from communist China and socialist ideologies in Cuba and Venezuela. Justin from Canada expressed his perspectives over diminished women’s rights, U.S. abortion laws, the important contributions of a transgender workforce, climate change and the NBA championship playoffs…. Yes, really:
Today is a very good day. Despite the professional punditry and their doomsayer predictions of Trump tariffs driving up costs for consumers, exactly the opposite is happening.
Despite large growth in the Main Street USA economy; and despite large wage gains by U.S. blue-collar workers; inflation remains low and mysteriously detached from the Fed monetary policy.
WASHINGTON (Reuters) – U.S. inflation was much weaker than initially thought in the first quarter amid a sharp slowdown in domestic demand, which could cast doubts on the Federal Reserve’s view that the benign price pressures were largely because of temporary factors.
The personal consumption expenditures (PCE) price index excluding the volatile food and energy components increased at a 1.0% rate last quarter, the government said. The so-called core PCE price index, which is the Fed’s preferred inflation measure, was previously reported to have risen at a 1.3% pace.
The increase last quarter was the smallest in four years and pushed inflation further below the Fed’s 2% target. (read more)
They just don’t get it. For over three years CTH has been explaining how President Trump’s maganomic policy will reverse three decades of stagnant Main Street economic growth. Today the Bureau of Economic Analysis (BEA) once again confirms our earlier predictions, and releases the data showing inflation is essentially nonexistent.
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