The man is a Russian agent working to bring down America from the inside
Trump Orders Perry to Stem Coal, Nuclear Power Plant Closures
Source: Bloomberg
President Donald Trump ordered Energy Secretary Rick Perry to take immediate action to stem power plant closures in the name of national security, arguing that a decline in coal and nuclear electricity is putting the nation’s grid at risk, Bloomberg News reports.
"Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our power grid," White House spokeswoman Sarah Sanders said in an emailed statement Friday. Trump has directed Perry "to prepare immediate steps to stop the loss of these resources and looks forward to his recommendations."
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Read more: https://www.bloomberg.com/news/articles/2018-06-01/trump-orders-perry-to-stem-coal-nuclear-power-plant-closures
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Trump pours kerosene on the global trade wars
Trump's decision to impose tariffs on steel and aluminum from the European Union, Canada and Mexico has pushed his administration to the brink of an all-out trade war with three of the nation’s largest trading partners.
Commerce Secretary Wilbur Ross announced Thursday morning that the U.S. would be ending the temporary exemptions that had been granted to the three countries for steel and aluminum imports. With the exemptions lifted, those imports will face tariffs of 25 percent and 10 percent, respectively.
The move drew withering criticism from congressional Republicans, business groups and U.S. allies, who had all tried to push the president onto another path.
But true to form, Trump defied U.S. allies in favor of the “America First” agenda he had promised as a candidate.
Trump has downplayed the danger of a trade war, calling such conflicts “easy to win.” That theory will now be put to the test, with the three countries now moving to inflict maximum pain on parts of the American economy.
Canada, Mexico and the EU all announced a series of retaliatory measures following the Trump administration’s decision.
Canada’s Minister of Foreign Affairs Chrystia Freeland said Ottawa would impose upward of $12.8 billion in tariffs starting July 1 on U.S. steel, aluminum and a range of other American products.
U.S. steel components will be taxed at 25 percent, while other goods, including aluminum, toilet paper, whisky and orange juice, will see tariffs of 10 percent. The tariffs will remain in place until the United States drops its duties.
http://thehill.com/business-a-lobbying/business-a-lobbying/390167-trump-pours-kerosene-on-the-global-trade-wars?userid=229233
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Trump reportedly poised to ban German luxury carmakers in the US
Source: CNBC
President Donald Trump is preparing to impose a total ban on German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche.
Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York.
The report comes less than two weeks after the U.S. Department of Commerce launched an investigation into automobile imports to determine whether they "threaten to impair the national security" of the U.S. That could lead to tariffs of up to 25 percent on the same "national security" grounds used to impose metal imports charges in March.
Europe's autos sector was trading lower shortly after the report was published Thursday, with German automakers leading the losses during mid-morning deals. Shares of Daimler, Porsche and Volkswagen were all trading off around 1 percent on the news.
Read more: https://www.cnbc.com/2018/05/31/trump-reportedly-poised-to-ban-german-luxury-carmakers-in-the-us.html
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