It’s been reported by the New York Times that President trump is expected to impose new tariffs on China this Friday. Last week, the president threatened to impose tariffs on $200 billion worth of goods provided by the Chinese after a meeting with top American advisors where Chinese officials walked back some parts of a deal to end the trade war between the two countries.
These threats come as a warning for the rival country that at no point will the American government settle for anything less than agreed upon. The president also lamented that trade discussions are moving too slowly for his preference.
However, it seems that more than just the Chinese will feel the affect of tariffs imposed by the government. According to Yahoo Financial, stocks took a dip this morning as a threat of more tariffs loomed this Friday. The dip came because investors worried about a trade war prolonged by two opposing ideologies.
Despite this, President Trump defended his threats:
“The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade,” President Trump said on Twitter. “With China we lose 500 Billion Dollars. Sorry, we’re not going to be doing that anymore!”
Regardless of the president’s intentions, economists have argued that an escalation in the trade war could damage the American economy further. Reports have also shown that the only group truly affected by this trade war are U.S. companies.
Despite what economists say, I actually like that President Trump has started to make China accountable for their actions in the past. Last year the White House released a report that detailed the amount of damage that China has caused the U.S. economic property through its intellectual theft. That being said, I’m not sure a trade war is the best way to accomplish this goal.
While these threats loom, Chinese officials are set to meet in Washington on Thursday to further negotiate a trade deal. The tariffs that the president wouldn’t go into effect until midnight the following Friday.
In a new report released by the United Nations assessed that nearly one million plant and animal species are now at risk of extinction. The report is sprawling, containing 1,500 pages that detail the exact damage humans have caused the earth. It also describes just how much we lost in habitats across the world.
One portion of the report, which has been summarized for the public, shows that the average abundance of plant life in habitats in South America and Africa have dropped by 20 percent. This has taken a massive toll on the planet.
The report shows that while food production is at an all time high, land degradation is harming agricultural productivity by over 20 percent. Other declines in nature like insects that help in the pollination process is putting an estimated $577 billion worth of products at risk. Wetlands which help purify water have been almost entirely wiped out, only 15 percent remain.
The report found that the main cause of this acceleration is global warming. The alarming thing of all of this is that the researchers aren’t even certain how affected our environment has become due to the fact that researchers haven’t recorded all living creatures on Earth.
You would assume that after a report so large is released world leaders, especially President Trump and his administration would act on now life-threatening findings. The only problem is that we know from the past, this administration is ready to accept findings that contradict their own beliefs. If you remember a few months back, a report was released about global warming and how it’s almost too late to reverse course.
President Trump and high-ranking republican lawmakers brushed it off as the just fitting the agenda of the scientists who wrote it. It’s head scratching to assume that scientists had an agenda other than showing their findings, yet here we are, not believing them. Whether or not President Trump will act on these findings is up in the air, given the current political environment involving the U.S. Government and foreign relations, this may be swept under the carpet.
Steve Mnuchin breaks the law
Steven Mnuchin denied a request by Democrats for six years of the president’s personal tax returns. This coming after two missed deadlines issued by the House Ways and Means Committee chairman Richard Neal. Mnuchin sited the law used to obtain the president’s taxes as “unprecedented.”
“I am informing you now that the Department may not lawfully fulfill the Committee’s request,” Mnuchin wrote in a one-page letter. This also comes just hours after AG William Barr failed to produce a full unredacted version of the Mueller report to congress (on top of not showing up to testify before congress on Thursday).
In other words, he’s breaking the law.
There is no question on whether or not the law gave Chairman Neal authority to request the tax returns of anyone requested. It says in the statute that they “shall” hand over the taxes, there is no grey area in that law. Why is it so hard to comply with a congress that has been lawfully requesting information to conduct an investigation?
The Mueller report never drew conclusive decisions on either of the things it was investigating the president for. I’m tired of the president and his administration stone walling congress and acting like they’re above the law. It really is starting to look like these officials have been put in place to protect the president from any threat to his time in office.
Lets just wrap this up already and move on to other things. If the president is innocent, then he shouldn’t have anything to worry about. Let them rake you over the coals and then use this as a launch point for a re-election campaign
Stop stone walling.
That’s it for this night’s briefing. If I missed anything in my stories or that you would like to talk about feel free to leave a comment below. Until then, have a great rest of your week.