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Treasury Secretary Steven Mnuchin Discusses Trade, Tariffs, NAFTA, China, EU and the U.S. Economy…

As Foreign Minister Chrystia from Canada arrives in Washington DC to meet with U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin is interviewed by CNBC.
Triple Play: Finalize NAFTA (or two bilats); fill in the details on previously agreed EU deal; then face-down red dragon (China).


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Additionally, Mnuchin had some impromptu remarks (below):
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Bruce Ohr Testifies To Closed-Door Joint Session of Congress (Oversight and Judiciary)…

Today DOJ Official Bruce Ohr is testifying in a closed-door session to a joint House Oversight and Judiciary Committee.  The republican representatives asking questions were selected by Chairman Bob Goodlatte.  Democrats are relying on staff.
According to Kyle Cheney (Politico) Bruce Ohr has four lawyers with him, personal lawyers and lawyers representing the interests of the DOJ.  Initial indications are Ohr has provided testimony that directly conflicts with Fusion-GPS Glenn Simpson, and prior testimony from witness Lisa Page to the joint committee.


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Reminder: Today is Primary Election Day in Florida, Arizona and Oklahoma

If you live in Florida, Arizona or Oklahoma you can find your polling place HEREGo Vote…. and if your registration is not up to date in your own home state, now is the time to get prepared for the November mid-terms.  Do not wait.

Oklahoma Polling Locations HEREFlorida HereArizona Here


Donald Trump’s supporters are angry“, or “uneducated”, or “unenlightened”, or (fill_In_The_Blank).  This sentiment is clear within the latest sunlight upon officials within the United States Department of Justice and FBI. Now the corporate media narrative controllers are fully engaged.
The gaslighting is extreme as the same entities utilize their microphones in a brutal attempt to create a self fulfilling prophecy.  In essence, what they are really trying to save is themselves.  However, the reality disconnect only solidifies their irrelevance.
At this point, anyone still trying to convince us this entire assembly of our union is headed in the right direction, well, they might want to revisit their proximity to the 2018 election ballpark. Because they’re not just out of the city – they’re also out of the same state the election ballpark is located in….. But then again, the media know that.

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NEC Director Larry Kudlow Impromptu Conversation With Media…

National Economic Council Director Larry Kudlow holds an impromptu press gaggle at the White House to field questions about trade and related MAGAnomic matters.


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Additionally Kudlow had some scheduled media appearances (below).
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Secretary Ross Discusses U.S-Mexico Trade Deal and Canada's Options…

Commerce Secretary Wilbur Ross appears on Fox News to discuss the U.S-Mexico trade agreement and the unlikely possibility of Canada to join the agreement.  In order for Canada to join the agreement they would need to remove protectionist tariffs (dairy); remove subsidies to several sectors (lumber, aeronautics); and in large measure open their economy to free, fair and reciprocal trade.
Additionally, The Wall Street corporations who have exploited NAFTA for strategic financial advantage are unhappy with the removal of the NAFTA loopholes.


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August 28th – 2018 Presidential Politics – Trump Administration Day #586

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.

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

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

Sarah H Sanders Twitter @SHSanders45

Tuesday August 28th – Open Thread

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 †

President Trump and First Lady Melania Host White House Dinner With Evangelical Leaders…


[Transcript] State Dining Room – 6:54 P.M. EDT – THE PRESIDENT: What a nice group. Thank you very much. Please.
Melania and I are thrilled to welcome you. And these are very special friends of mine, Evangelical pastors and leaders from all across the nation. We welcome you to the White House. Its a special place. Its a place we love. Were having a lot of fun, were having a lot of success.
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Justin from Canada Painted His Country Into a Lose/Lose Trade Corner – More Details of U.S-Mexico Deal…

By choosing politics over fundamental trade economics Justin and Chrystia from Canada have painted themselves into an isolated position on the renegotiated North American Trade deal.  Here’s the basic Canadian conundrum.

The U.S. and Mexico have agreed to manufacturing origination terms; wage and labor improvements; elimination of AG subsidies and non tariff barriers; and removal of all protectionist tariffs – so long as the structural terms of commerce are upheld.
In order for Canada to join the U.S. Mexico deal they would need to:

  • (1) eliminate soft-wood subsidies in the lumber sector;
  • (2) eliminate protectionist tariffs in the AG (Dairy) sector;
  • (3) accept the 75% rules of origin, eliminating the NAFTA loophole;
  • (4) agree to the enforcement mechanisms for all the above;
  • (5) allow U.S. banks to operate in Canada (financial sector).

Each of these five issues, now locked-in and agreed by the U.S. and Mexico are “take-it-or-leave-it” terms for Canada to join. There’s almost no-way, given the politicization of the Canadian plan, for Justin and Chrystia to agree to those terms and keep their fragmented political support base appeased.
Therefore, absent total acquiescence, it is likely Canada will keep their soft-wood lumber subsidies, keep their protectionist Dairy tariffs, keep their banking rules blocking U.S. access, and face a 25% duty on U.S. auto imports – effectively destroying their auto manufacturing sector.  Car companies (ex. Toyota) will simply leave Canada and return to building/assembling in the U.S.
Here’s the content from a conference call filling in more details:
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U.S.T.R. Robert Lighthizer Explains U.S./Mexico Trade Agreement and China Trade Reset…

The corporate-owned, Wall Street-controlled, U.S. media are twisting, contorting, and in many cases hiding the consequential details of the U.S-Mexico trade agreement.
The reason for MSM disinformation campaign is quite simple: the deal helps the U.S. middle-class; helps both U.S. and Mexican workers; begins deconstructing the tentacles of Wall Street economic policy; and highlights a major success story for President Trump and the country in general.  The UniParty, Wall Street and the agenda of their purchased political class are being dismantled…. All of those interests are furious.
While it is still available, watch the 10 minutes of this report (and interview with U.S.T.R. Lighthizer) from 07:00 to 17:00 to get a generally good idea of how significant a day this is.  (prompted, just hit play)
https://youtu.be/Uen12x0jmXA?t=7m
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