Episode 42: One Party, Split Perspectives
Last month, President Trump imposed unpopular steel and aluminum tariff threats. At 24 and 7.7 percent respectively, the steel and aluminum tariffs left Americans nervous and global markets holding their breath.
However, economic anxiety over a possible trade war between the US and China significantly increased in the last week. China announced $53 billion in tariffs, with a special focus on American agriculture like soybeans and pork. President Trump announced $150 in tariffs as well. This tit for tat shook American stock markets.
On Sunday morning, the White House sent several representatives to do damage control: including the new Director of the National Economic Council, Larry Kudlow; Treasury Secretary Steven Mnuchin; and Director of Trade and Industrial Policy, Peter Navarro.
But the full bench of White House representatives did not get the same game plan: they spoke about trade tariffs as if they had different intentions, different frustrations. The same could also be true for several Republican Senators and their thoughts about the tariffs and EPA Administrator Scott Pruitt’s precarious position.
- The trade war begins
- Scott Pruitt hangs by a thread
- DC demands Facebook explanations
- Syria aside
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