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Trump announces new 10% tariff on Chinese imports starting in September – live | |
(32 minutes later) | |
In practical terms, Trump’s new tariffs mean many products could soon become more expensive, as a Washington Post reporter noted: | |
Boom. Trump says tariffs on all remaining imports from China will start on September 1st.It's a more modest 10% tariff, but the bottom line is: iPhonesBaby productsetc. are all going to be more expensive very soon. https://t.co/FHO3RdFqhx | |
In political terms, Trump is acknowledging that all of the progress his administration was allegedly making with Beijing was never realized, as a CNN reporter explained: | |
Pretty big news here: Trump announcing new tariffs on China starting Sept. 1 AND acknowledging that the concessions the admin has been touting that they got from China never actually materialized. https://t.co/rCPR7knBrO | |
Stock markets had a swift, negative reaction to Donald Trump’s announcement that his administration would impose a 10 percent tariff on $300 billion of Chinese goods starting next month: | |
And .... there goes your rally. pic.twitter.com/gafnzCt8jv | |
Trump has consistently bragged about the success of stock markets during his presidency. But his trade threats have repeatedly upended that success, damaging a key talking point for his reelection bid. | |
Donald Trump announced over Twitter that his administration’s trade talks with China have been deteriorating. | |
As negotiations continue, Trump said he would impose a 10 percent tariff on the remaining $300 billion worth of Chinese imports starting Sept. 1. | |
...buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and... | |
...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one! | |
Joe Biden’s campaign clarified his stance on fossil fuels after the former vice president got into a heated back-and-forth last night with Jay Inslee, who has centered his campaign around the climate crisis. | |
Inslee argued that Biden’s plan did not address the climate crisis with the urgency required to try to turn the tide. “Look these deadlines are set by science,” Inslee told Biden. “Mr Vice President, your argument is not with me, it’s with science. And unfortunately your plan is just too late.” | |
When Biden was pressed on whether there would be a place for fossil fuels in his administration, he initially stumbled. “We will work it out,” he said. “We will make sure it’s eliminated and no more subsidies for either of those, any fossil fuels.” | |
His campaign has now clarified that answer, per our climate reporter Emily Holden: | |
An answer on Biden’s confusing statement on fossil fuels last night. No, he wouldn’t phase out coal and gas under his administration. #climate pic.twitter.com/1SRe5gVsVO | |
Meanwhile, the Republican National Committee released its logo for the 2020 nominating convention in Charlotte: | Meanwhile, the Republican National Committee released its logo for the 2020 nominating convention in Charlotte: |
The 2020 GOP convention logo per the RNC: pic.twitter.com/hcyi1tV2JE | The 2020 GOP convention logo per the RNC: pic.twitter.com/hcyi1tV2JE |
And it prompted some questions, like this one: | And it prompted some questions, like this one: |
The elephant I get. But what's behind it? Is that the monster from Stranger Things? https://t.co/GEeTylXPB8 | The elephant I get. But what's behind it? Is that the monster from Stranger Things? https://t.co/GEeTylXPB8 |
But the Republican Party is facing some larger problems in Charlotte -- namely that many in the North Carolina city don’t want the convention to be hosted there. | But the Republican Party is facing some larger problems in Charlotte -- namely that many in the North Carolina city don’t want the convention to be hosted there. |
Charlotte’s city council narrowly approved the RNC contract last summer, and local leaders are now having second thoughts on it, as HuffPost reports. | Charlotte’s city council narrowly approved the RNC contract last summer, and local leaders are now having second thoughts on it, as HuffPost reports. |
The council even discussed the possibility last week of backing out of the agreement, but it was determined that the legal costs associated with such a move would be too steep. | The council even discussed the possibility last week of backing out of the agreement, but it was determined that the legal costs associated with such a move would be too steep. |
The budget bill does lift the debt ceiling into July 2021, but it does not necessarily prevent a government shutdown, as a CQ Roll Call reporter noted: | The budget bill does lift the debt ceiling into July 2021, but it does not necessarily prevent a government shutdown, as a CQ Roll Call reporter noted: |
Seeing a lot of tweets and stories saying this bill averts the threat of a government shutdown. It doesn't. Congress needs to pass and the president needs to sign all 12 spending bills (or a continuing resolution) to avoid a shutdown when the new fiscal year begins Oct. 1. https://t.co/6M904fnRs5 | Seeing a lot of tweets and stories saying this bill averts the threat of a government shutdown. It doesn't. Congress needs to pass and the president needs to sign all 12 spending bills (or a continuing resolution) to avoid a shutdown when the new fiscal year begins Oct. 1. https://t.co/6M904fnRs5 |
Republican Senator Rand Paul of Kentucky, who opposed the budget deal, introduced an amendment earlier today to cut and cap spending while introducing a constitutional amendment to balance the budget over the next decade. | Republican Senator Rand Paul of Kentucky, who opposed the budget deal, introduced an amendment earlier today to cut and cap spending while introducing a constitutional amendment to balance the budget over the next decade. |
The amendment was easily defeated, with only 23 Republicans backing the proposal. | The amendment was easily defeated, with only 23 Republicans backing the proposal. |
“Today is the final nail in the coffin. The Tea Party is no more,” Paul said of the deal’s approval. | “Today is the final nail in the coffin. The Tea Party is no more,” Paul said of the deal’s approval. |
Both parties have deserted – have absolutely and utterly deserted – America and show no care and no understanding and no sympathy for the burden of debt they are leaving the taxpayers, the young, the next generation, and the future of our country. https://t.co/z0ZD27xY0U | Both parties have deserted – have absolutely and utterly deserted – America and show no care and no understanding and no sympathy for the burden of debt they are leaving the taxpayers, the young, the next generation, and the future of our country. https://t.co/z0ZD27xY0U |
The Republicans who opposed the budget deal argued that the legislation would put the US on an increasingly unstable fiscal path, as Senator Mitt Romney of Utah explained in a Twitter video: | The Republicans who opposed the budget deal argued that the legislation would put the US on an increasingly unstable fiscal path, as Senator Mitt Romney of Utah explained in a Twitter video: |
About to vote on the budget and debt limit deal, which I’m opposing because it adds another $2 trillion to the debt. We need a new track to repair our fiscal foundation and save our children & grandchildren from a future debt crisis. pic.twitter.com/Wu2JgmX583 | About to vote on the budget and debt limit deal, which I’m opposing because it adds another $2 trillion to the debt. We need a new track to repair our fiscal foundation and save our children & grandchildren from a future debt crisis. pic.twitter.com/Wu2JgmX583 |
But Mitch McConnell told the dissenting members of his caucus that they should defer to the president’s support of the deal. | But Mitch McConnell told the dissenting members of his caucus that they should defer to the president’s support of the deal. |
“This is the agreement the administration has negotiated,” the Senate majority leader said on the floor this morning. “This is the deal the House has passed. This is the deal President Trump is waiting [for] and eager to sign into law. This is the deal that every member of this body should support when we vote later this morning.” | “This is the agreement the administration has negotiated,” the Senate majority leader said on the floor this morning. “This is the deal the House has passed. This is the deal President Trump is waiting [for] and eager to sign into law. This is the deal that every member of this body should support when we vote later this morning.” |
The Senate passed the massive spending bill negotiated between Nancy Pelosi and Steven Mnuchin by a vote of 67-28. | The Senate passed the massive spending bill negotiated between Nancy Pelosi and Steven Mnuchin by a vote of 67-28. |
The bill, which would lift the debt ceiling until 2021 and increase spending by $320 billion over two years, is now headed to Donald Trump’s desk. | The bill, which would lift the debt ceiling until 2021 and increase spending by $320 billion over two years, is now headed to Donald Trump’s desk. |
A narrow majority of Senate Republicans backed the bill, thanks to lobbying from majority leader Mitch McConnell. Trump had pushed more Republicans to support the legislation after about two-thirds of House Republicans voted against it. | A narrow majority of Senate Republicans backed the bill, thanks to lobbying from majority leader Mitch McConnell. Trump had pushed more Republicans to support the legislation after about two-thirds of House Republicans voted against it. |
In an effort to sway more Republicans, Trump ominously suggested he may roll back the spending increases sooner rather than later: | In an effort to sway more Republicans, Trump ominously suggested he may roll back the spending increases sooner rather than later: |
Budget Deal is phenomenal for our Great Military, our Vets, and Jobs, Jobs, Jobs! Two year deal gets us past the Election. Go for it Republicans, there is always plenty of time to CUT! | Budget Deal is phenomenal for our Great Military, our Vets, and Jobs, Jobs, Jobs! Two year deal gets us past the Election. Go for it Republicans, there is always plenty of time to CUT! |
This is Joanie Greve, taking over for Adam Gabbatt. | This is Joanie Greve, taking over for Adam Gabbatt. |
Here is where the day stands so far: | Here is where the day stands so far: |
Donald Trump initiated a phone call with Vladimir Putin yesterday to offer “help and assistance” in combating Siberia’s wildfires. Or at least that was what the Kremlin reported over Twitter. The White House initially would not even confirm the call had taken place. | Donald Trump initiated a phone call with Vladimir Putin yesterday to offer “help and assistance” in combating Siberia’s wildfires. Or at least that was what the Kremlin reported over Twitter. The White House initially would not even confirm the call had taken place. |
Kelly Knight Craft was confirmed as the next US ambassador to the United Nations, overcoming Democrats’ objections about her family’s ties to the fossil fuel industry. | Kelly Knight Craft was confirmed as the next US ambassador to the United Nations, overcoming Democrats’ objections about her family’s ties to the fossil fuel industry. |
More analysis continues to roll in from this week’s Democratic debates. But for many candidates, it might have been their last debate. Only seven candidates so far have qualified for the September debate. | More analysis continues to roll in from this week’s Democratic debates. But for many candidates, it might have been their last debate. Only seven candidates so far have qualified for the September debate. |
The blog is also covering the budget deal headed to Trump’s desk and the climbing number of Democrats calling for an impeachment inquiry. Stay tuned. | The blog is also covering the budget deal headed to Trump’s desk and the climbing number of Democrats calling for an impeachment inquiry. Stay tuned. |