Villeroy Highlights French Political Uncertainty’s Impact on Confidence

Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China. Nobody has ever seen anything like this but, essentially, it would “clog” the Markets, and make life difficult for virtually every Country in the World, especially for China. We have been contacted by other Countries who are extremely angry at this great Trade hostility, which came out of nowhere. Our relationship with China over the past six months has been a very good one, thereby making this move on Trade an even more surprising one. I have always felt that they’ve been lying in wait, and now, as usual, I have been proven right! There is no way that China should be allowed to hold the World “captive,” but that seems to have been their plan for quite some time, starting with the “Magnets” and, other Elements that they have quietly amassed into somewhat of a Monopoly position, a rather sinister and hostile move, to say the least. But the U.S. has Monopoly positions also, much stronger and more far reaching than China’s. I have just not chosen to use them, there was never a reason for me to do so — UNTIL NOW! The letter they sent is many pages long, and details, with great specificity, each and every Element that they want to withhold from other Nations. Things that were routine are no longer routine at all. I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so. The Chinese letters were especially inappropriate in that this was the Day that, after three thousand years of bedlam and fighting, there is PEACE IN THE MIDDLE EAST. I wonder if that timing was coincidental? Dependent on what China says about the hostile “order” that they have just put out, I will be forced, as President of the United States of America, to financially counter their move. For every Element that they have been able to monopolize, we have two. I never thought it would come to this but perhaps, as with all things, the time has come. Ultimately, though potentially painful, it will be a very good thing, in the end, for the U.S.A. One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration. Thank you for your attention to this matter! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA TRUMP: HAVE BEEN CONTACTED BY OTHER COUNTRIES WHO ARE EXTREMELY ANGRY AT CHINA'S TRADE HOSTILITY, WHICH CAME OUT OF NOWHERE THERE IS NO WAY THAT CHINA SHOULD BE ALLOWED TO HOLD WORLD "CAPTIVE" *TRUMP: CHINA BECOMING VERY HOSTILE *TRUMP: CALCULATING INCREASED TARIFFS ON CHINESE PRODUCTS *TRUMP: WILL BE FORCED TO FINANCIALLY COUNTER CHINA'S MOVE TRUMP: I WAS TO MEET XI IN TWO WEEKS, NOW SEEMS NO REASON TO DO TRUMP: I HAVE NOT SPOKEN TO CHINA'S XI

Japan's Komeito party is to leave the ruling coalition with the LDP - NHK Komeito's Saito: Still have differences over funding issues Japan's Komeito Party Leader Saito: We could not agree with the LDP over issues involving money and politics Japan's Komeito Party Leader Saito: We cannot support Takaichi's premiership without alignment Komeito's Leader Saito: We want to reset LDP-Komeito ruling coalition for the time being

Fed's Waller: I don't know if I am a Fed chair finalist or not - CNBC FED'S WALLER: DONT KNOW IF I AM A FED CHAIR FINALIST OR NOT - CNBC INTERVIEW FOR FED CHAIR WAS "GREAT" THERE WAS NOTHING POLITICAL ABOUT THE INTERVIEW, WAS ALL SERIOUS ECONOMICS THERE HAVE BEEN SHUTDOWNS BEFORE, THERE IS A LOT OF PRIVATE SECTOR DATA TO RELY ON PIECES OF… WALLER: THE CPI DATA WILL HELP A LOT IN THE COMING MEETING TARIFF EFFECTS ON INFLATION ARE ONE TIME CHANGES IN THE PRICE LEVEL, AND CAN BE LOOKED THROUGH IF INFLATION WILL COME UP AND COME BACK DOWN IT SHOULD NOT INFLUENCE MONETARY POLICY NEGATIVE JOB GROWTH MEANS THE U.S.… WALLER SAYS THE FED NEEDS TO CUT RATES BUT NEEDS TO BE CAUTIOUS ABOUT IT WALLER SAYS THE FED IS NOT GOING TO BE AGGRESSIVE OR FAST, WILL MOVE IN QUARTER POINT STEPS