" These are officials who sit in powerful positions, who watch presidents come and go, they influence policy, they influence presidents and say: this is what we have always done, this is what we must do, and if you don’t do this, people will die."
"China is not afraid of and will not recoil from a trade war. If a trade war were initiated by the U.S., China would fight to the end to defend its own legitimate interests with all necessary measures."
In a major development for Mueller's probe of Trump collusion with Russia obstruction of justice, moments ago NYT reported that Trump's lead lawyer for the special counsel investigation, John Dowd, resigned on Thursday as Trump was "increasingly ignoring his advice."
"it’s only with some great trepidation I’d say anything positive about the president in this crowd, or any crowd. But I would say that one of the things I admire is the way he disintermediated the press."
"For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting... weaning politicians of the one element that kept modern Big Government fiscally contained."
25 Percent Ad Valorem Duties: USTR will propose additional tariffs on certain products of China. The proposed product list subject to the tariffs will include aerospace, information and communication technology, and machinery.
"'Mrs. F.' was 84 years old the first time she ever went to prison... Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine... She served her time. Got released. Then shoplifted again so that she’d go back to prison."
President Trump will fire the first shots (retaliatory or not) in the new global trade war today as he announces plans to crack down on China with what is expected to be $50 billion in tariffs, controls on investment, and possible visa restrictions.