IMPORTANT – Kudlow on China: Layered, Sequential, Sector Tariffs as Enforcement Mechanism…

The Last Refuge | 3/1/2019 | sundance
darkkazune (Posted by) Level 3
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Okay, now USTR Robert Lighthizer’s cautiously worded enforcement testimony starts to take on a fuller context. When Ambassador Lighthizer was testifying before the mostly decepticon House Ways and Means Committee, he started to outline his newly designed trade enforcement mechanism… but he stopped; he didn’t want to reveal too much.

Now listen to Larry Kudlow describe “enforcement”. WATCH:

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If you watched the USTR testimony you would have seen how the “enforcement” mechanism within the U.S-China trade negotiations was the priority for Lighthizer’s focus; and he specifically mentioned “layered” enforcement triggers, specific to each sector, and issue.

CTH - US - Trade - Representative - Bamboo

CTH has never seen a U.S. Trade Representative so structurally willing to clear-cut the entire bamboo forest if needed. Lighthizer is intensely focused on enforcement.

Congressional reps were focusing most questions around Chinese purchases of U.S. goods. Lighthizer was blowing through those questions off like annoying gnats. That’s not the focus of his structural engagement with the Chinese team. Lighthizer is going much deeper, into issues of much greater consequence that purchases via imports/exports.

Purchases - Deficit - Part - Goal - Part

While increased Chinese purchases to lower the deficit are a part of the goal, they are a very small part of the goal. The protection of U.S. intellectual property; the removal of non-tariff trade barriers; the protection of U.S. ownership rights as Americans operate inside China; the confrontation of currency manipulation, and the sector by sector enforcement provisions are Lighthizer’s primary objective.

If you overlay the comments by NEC Chairman Larry Kudlow (above), with the insightful commentary about ‘enforcement’ by USTR Lighthizer earlier, we can see the picture emerging.

Lighthizer - Kudlow - Detail

Lighthizer wasn’t specific, Kudlow gave more detail.

What Kudlow is outlining is what Lighthizer hinted toward.

Sectors - US-China - Trade - Agreement

Each of the sectors within the U.S-China trade agreement will have...
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