Peter Navarro: Trump wins major victories in China and USMCA trade deals, defense spending and Space Force

[Leroy N. Soetoro]

https://www.foxnews.com/opinion/peter-navarro-a-very-good-week-for

PROGRAMMING ALERT: Watch Peter Navarro discuss this topic and more in the
noon hour EST on Sunday, Dec. 15 on “America’s News HQ” on Fox News
Channel.

Two strong trade deals, plus one strong deal on defense and parental
leave, plus two weak impeachment articles, plus one inspector general’s
report vindicating no one equals a very good week for the American people
and President Trump.

After the United States-Mexico-Canada trade agreement (USMCA) gathered
political dust on House Speaker Nancy Pelosi’s impeachment desk for over a
year, the California Democrat finally agreed to let House members vote on
the measure.

Through tough regional content rules and strict labor and environmental
provisions, USMCA is forecast to create over 75,000 new auto jobs and
almost 200,000 new jobs overall.

USMCA will also break down Canadian and Mexican agricultural barriers – a
boon for American dairy, poultry and wheat farmers. It should pass both
chambers of Congress by comfortable margins.

After a similarly long gestation period, the United States and China
completed a "phase one" trade agreement. It represents an important
milestone along President Trump’s long march towards ending China’s
economic aggression against American workers and manufacturers.

The centerpiece of the deal is a strong and effective enforcement
mechanism. The United States can impose proportionate penalties without
fear of retaliation if China violates the deal’s provisions on
intellectual property theft, forced technology transfer, or currency
manipulation.

In another boon for American farmers, China has also committed to a
dramatic increase in purchases of pork, soybeans and other agricultural
products. To ensure China negotiates in good faith on Phase Two of the
deal, tariffs remain in place on over $350 billion of Chinese imports.

With respect to defense, the president will soon sign the National Defense
Authorization Act (NDAA) of 2020, which, among other things, establishes
the United States Space Force, ensuring American dominance in space. The
NDAA will also create paid parental leave for federal workers, which will
greatly benefit their children. Finally, it will give our troops a much-
needed 3.1 percent pay raise.

On the impeachment front, the Democratic-controlled House, at war with
itself, jettisoned its fruitless efforts to slap any specific crime on
President Trump based on any actual law. No explicit high crime. No
bribery. No misdemeanor.

Instead, the House settled on the two weakest articles of impeachment ever
brought against a sitting president. “Obstruction of Congress” is
laughable in the face of the executive branch’s right to executive
privilege.

As for “abuse of power,” this charge is as vague as a June day is long. As
one wag put it, “a turkey big enough to stuff any phony allegation you
want into it.”

To be clear, President Trump is simply doing what the American people
hired him to do – in the case of Ukraine, ensuring that American tax
dollars are being used properly and free of foreign corruption to advance
our national security.

Finally, the Justice Department inspector general’s long-awaited report
revealed a deep-seated conspiracy within the FBI and elements of the
intelligence community to overthrow a sitting president. This conspiracy
began with the Hillary Clinton campaign paying for a fake dossier compiled
by an avowed Never Trumper and former British spy Christopher Steele.

Rogue elements within the FBI and intelligence community then engaged in
at least 17 separate instances of omitting or altering data to use the
phony Steele dossier to obtain a Foreign Intelligence Surveillance Act
(FISA) warrant to spy on the Trump campaign.

This egregious behavior by a few bad apples in the FBI bunch triggered a
more than two-year witch hunt that finally ended in a report by Special
Counsel Robert Mueller that found no collusion with Russia by President
Trump, his campaign, or his administration.

At this point, every American concerned about economic growth and
prosperity should be cheered by President Trump’s great achievement with
the USMCA and China deal. Every American should be equally appalled by a
hyper-partisan impeachment process that is right out of a William Faulkner
novel – “all sound and fury signifying nothing.”

Over the next several weeks, Americans have many reasons to celebrate the
holiday season. And as we enter this new decade, we should look forward to
the continuation of a strong economy and bullish market under President
Trump’s leadership.


--
No collusion - Special Counsel Robert Swan Mueller III, March 2019.

Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.

Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.

The Obama-led Committee on Foreign Investment in the United States (CFIUS)
approved Uranium One in fall 2010. With a little luck, we'll see
compulsive liar Hillary Clinton in jail before she dies.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp.

Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.