Add your reaction
Speaking Sunday in Sydney, Pompeo condemned China’s territorial claims in the South China Sea and unfair trade practices, painting these contemporary tensions as a generational test for the “unbreakable” U.S.-Australia alliance. The secretary of state drew a direct link between China’s economic boom and its expanding military footprint across the Indo-Pacific.
“I’ll hear folks talk about trade and economic issues as separate from national security. Let’s make no mistake about it, China’s capacity, the People’s Liberation Army’s capacity to do exactly what they’re doing is a direct result of trade relationships that they built.”
Pompeo went on to praise Australia for its proactive opposition to China’s 5G networks—a lingering bone of contention with some European allies—as well as Australia’s efforts to thwart covert Chinese disinformation campaigns and electoral interference.
Read it all @ by Nolan Peterson
U.S. Commerce Secretary Wilbur Ross has slapped a whopping $4.4 billion countervailing duty on Chinese cabinet manufacturers. The rate of manufacturing subsidy identified within the ‘wood cabinet‘ study shows a massive 229% subsidy rate via discounted land, free lumber, electricity, raw materials, direct grants from government and discounted loans from Chinese banks to enhance export incentives.
Ckick on image
If you ever wondered how come Chinese furniture is so cheap, well, it’s not a stretch to consider those same subsidy rates likely apply to their household furniture and wood products.
(Bloomberg) Add $4.4 billion in imported cabinets to the long list of Chinese goods slapped with U.S. levies in the escalating trade dispute between Washington and Beijing.
Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation.
WASHINGTON – For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said.
The two projectiles, fired on Tuesday morning local time, were assessed to be similar to the short-range ballistic missiles tested by North Korea last week, the official said. (read more)
Moments later President Trump and Treasury Secretary Steven Mnuchin fired a counter-missile directly into the heart of Beijing’s trade currency manipulation:
(Treasury) The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries.
Under Section 3004 of the Act, the Secretary must “consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.” Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator.
As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions. (more)
Currency manipulation, intellectual property theft and forced technology transfers for U.S. companies in joint ventures with Chinese companies.
U.S.-China trade war developments have roiled markets for more than a year, and there have been signs the rafts of additional tariffs from both sides are having real effects on economies around the world. Click HERE to read more
- The reforms within the original agreement were antithetical to Beijing. Chairman Xi Jinping and the communist politburo rejected them.
- For Beijing the compliance and enforcement sections within the agreement were too severe and did not allow China to retain control over the trade terms. The agreement was rejected.
- As a consequence it’s not a matter of “if” Trump will apply more tariffs; it is a matter of “when” will Trump apply the tariffs.
- That said, there’s no duplicity in the U.S. Position. Mnuchin and Lighthizer are earnestly working in good faith; but President Trump is expecting ‘no deal’.
Secretary Wilbur Ross was very insightful last week when he also spoke of the current U.S. perspective toward the U.S-China trade negotiation.
Click image to watch
Add your reaction
When Trump ran for the office he promised conservative voters that he would take recommendations from groups like the Federalist Society.
This week the Republican-led Senate confirmed 13 new federal judges. President Trump’s total is now 144
99 District Judges — 43 Circuit Judges — 2 Supreme Court Justices
The very best part of this success is that the judicial slots are being filled by young (ish) nominees who will sit on the bench for many years to come. The move back to judicial decisions based on the Constitution rather than Democrat feel-good ideology will be sustained well into the future.
Conservatives fed up with decisions made by liberal judges can rest assured that McConnell has got this. Take that, 9th Circuit of Appeals. That court’s liberal dominance is in the crosshairs, too.
MORE @ by KAREN TOWNSEND
Add your reaction
U.S. Natural Gas Will Soon Run the World
"Fossil fuel — particularly, natural gas — will be at the forefront when it relates to soft power, national security, and robust economic growth for mature and emerging markets. The U.S. now uses natural gas converted to liquid natural gas (LNG) from shale deposits in states such as Texas, North Dakota, and Pennsylvania to transform geopolitics.
Click on image
- Positively, it means that the U.S. no longer has to rely on Middle Eastern authoritarians to power its economy, and the world order that has depended on the U.S. for global security since the end of World War II
- The industry is expected to support 3 million jobs by next year. This new energy market will also contribute $62 billion in federal and state tax revenues in gas-producing states.
Natural gas production and liquefied natural gas exports are an important part of President Donald Trump’s America First energy policy. In a speech outside a Louisiana liquefied natural gas plant, Trump said, “We should be producing [energy] at home, not enriching foreign adversaries abroad.”
Domestic natural gas production will provide the United States with a stable supply of affordable energy well into the future.
A strong liquefied natural gas trade policy that removes burdensome regulations and empowers the states will strengthen our global energy leadership and protect our allies abroad from manipulative energy suppliers, such as Russia and Iran.
August 3, 2019 - By Todd Royal
Add your reaction
US Attorney General Bill Barr ruled on Monday that migrants claiming to be family members of people being targeted by gangs is not enough to qualify them for asylum. Barr’s ruling will likely block tens of thousands of people seeking asylum based on family ties.
More @ July 29, 2019
UPDATE: This can be a true game-changer
On the surface, it’s hard to overstate the importance of the third-party asylum deal the president signed with the Guatemalan government in the Oval Office on Friday.
Geographically, Guatemala is the choke point for all migration coming north. Anyone from the other countries in Central and South America, as well as from Africa, Haiti, and Cuba, ultimately come through Guatemala before pressing on to Mexico.
Once this deal is fully implemented, in August, according to DHS Secretary Kevin McAleenan, all these migrants except those from Guatemala will be ineligible to seek asylum in America. While the Central American migrants were overwhelmingly from Guatemala at the start of this crisis in 2018, in recent months there have been almost twice as many from Honduras. Thus, fully enforcing the requirement to first seek asylum in Guatemala will shut off most of the migration.
“There is a big difference between waiting in Boston for your case and waiting in Mexicali or Monterrey.” Mexico is offering migrants the choice of waiting around for their court dates in the rough towns just south of the border or a free bus ride farther south. Many are choosing the bus, having realized that their attempts to game the system aren’t working out as planned"
Click on image
Franklin Lopez, 44, came to the U.S. border with his 8-year-old daughter and dreams of getting some new work tools he could bring back to Nueva Segovia, Nicaragua.
“We all came with the illusion that with a child you could get through, and unfortunately they reached the limit,” Lopez said. Now he’s headed home $8,000 lighter — $4,000 of it in the hands of a coyote who left him stranded in Guatemala, and $4,000 to get across the U.S. border only to get sent back to Mexico a few days later.
The official name for the “remain in Mexico” initiative is Migrant Protection Protocols (MPP). Thousands of migrants have gone back to Mexico under MPP (more than 10,000 to Juarez alone)
Read more @ by JOHN SEXTON
Former ICE Director Tom Homan says the Supreme Court ruling allowing DoD funds to be used for border security is a huge win for the American people as the Trump administration continues to make border security a priority.
Click on image