Trump’s go-it-alone approach on trade and immigration, made possible by the acquiescence of many Republicans surrounding him, poses economic risks
By Damian Paletta , Damian Paletta Reporter covering economic policy Email Bio Follow Josh Dawsey and Josh Dawsey Reporter covering the White House Email Bio Follow Toluse Olorunnipa Toluse Olorunnipa White House reporter Email Bio Follow May 12 at 7:21 PM President Trump has moved dramatically to pull free from Congress in recent weeks by slapping huge trade penalties on Chinese imports and directing the construction of a wall along the Mexico border, looking to solve issues that dogged...
Trump portrayed himself as a pragmatic businessman who knew how to cut deals domestically and abroad. But time and again this year, he has shunned that approach by deciding to follow his own impulses. Then-National Economic Council Director Gary Cohn along with former staff secretary Rob Porter constrained Trump’s efforts to rip up trade deals. Congressional Republicans urged the president to delay major decisions about building a wall on the border. Trump agreed, often reluctantly, to follow their advice, focusing instead on repairing the economy and building up momentum.Trump is now surrounded by top advisers and GOP leaders who applaud and embolden his instincts.
When the stock market slid leading up to Friday’s deadline, White House aides said Trump complained but did not see a need for reversing course.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Should we be concerned about Netflix monetizing our user data?Netflix continues to invest billions of dollars building its library of content, with analysts predicting the company will spend $15 billion on content in 2019. But their business model warrants a closer look, says Jason Mittell. Mittell, a film professor at Middlebury College, joined THINK to discuss why we shouldn’t trust Netflix with our data just yet.
Leer más »
Analysis | The Technology 202: This is why Uber's global expansion poses risks as it goes publicOperating in 63 countries means it's not just U.S. regulators the company must heed.
Leer más »
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Leer más »
IT'S OFFICIAL: Trump ramps up tariffs on China, escalating the high-stakes trade warPresident Donald Trump more than doubled the tariff rate on $200 billion worth of Chinese imports on Friday.
Leer más »
Trump Lets Tariff Increase Go Ahead, Threatens More as Trade Talks ResumePresident Trump said the U.S. was “starting the paperwork” to expand tariffs on $325 billion in Chinese goods that aren’t currently subject to levies, as high-level trade talks resumed with China.
Leer más »
Applying A Cohesive Approach To Non-Financial Risk Management For Financial InstitutionsWhile most institutions now have well-developed risk management frameworks to manage market, credit, and liquidity risk, there is a growing need to enhance management of Non-Financial Risk (NFR).
Leer más »
What to watch in the week ahead: Trade chatter, key economic data and Walmart earningsThe biggest factor for markets in the week ahead is the progress of trade negotiations between the U.S. and China.
Leer más »
Mike Pompeo risks alienating free trade supporters like the Koch network as he pushes Trump's hard-line trade agenda against ChinaWhile he is pushing the president's agenda, Mike Pompeo is risking his long alliance with free-trade groups like the Koch network, which backed him during his political rise.
Leer más »
Dow, stocks pare losses in afternoon trading after Trump's trade threat to ChinaPresident Donald Trump's threats on Sunday to hike tariffs on Chinese imports initially worried investors that trade tensions between the two countries were escalating.
Leer más »