March 7, 2018 | Daily JAM, Mid Term |
The door had barely closed on White House economic adviser Gary Cohn before the winning side in the White House trench warfare on trade began floating proposals to crack down on China. Peter Navarro, who has emerged, along with Commerce Secretary Wilbur Ross, as the point man for the Trump administration’s trade policy, has long been an advocate of an aggressive policy to limit Chinese exports to the United States and Chinese investments in the U.S. companies.
March 6, 2018 | Daily JAM |
After a quiet Monday (well relatively–since all we had was noise from Republicans in Congress in opposition to President Donald Trump’s plan to put a 25% tariff on important steel and a 10% tariff on imported aluminum and threats from the European Union to restrict imports of U.S. bourbon, Harley Davidson motorcycles, and blue jeans) on the global trade war front, today Gary Cohn, the President’s top economic adviser, Â resigned after losing the tariff battle to trade hardliners
March 4, 2018 | Daily JAM |
Markets will begin the week focused on figuring out the exact content of President Trump’s tariff proposal, and on the rhetoric from Washington and U.S. trade partners, and on any real proposals for retaliation.
March 2, 2018 | Daily JAM, Morning Briefing |
Anybody who hoped that President Donald Trump would reconsider overnight his decision to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum and risk setting off a global trade war was disappointed this morning when he doubled down in a tweet writing that trade wars are good and easy to win
