Trump’s “Cuts” on Chinese Imports, and the U.S. Trade Policy Challenges — A Statement in Michigan and Pennsylvania
Trump had made tariffs on China one of his signature policy moves when he was in the White House. At first, some Democrats warned this could really hurt the economy — and that American consumers would pay the price.
Many other countries share her concern about the “artificially cheap Chinese imports” she said in a statement. She said that the new tariffs are needed to protect American workers and companies.
Biden is pushing to put in place three pieces of legislation that contain hundreds of billions of subsidies to boost the domestic manufacturing and clean energy sectors, as well as an election where trade and jobs will be an issue.
Lael Brainard, Biden’s top economic adviser, told reporters that the president’s investment agenda has helped hurt some communities in Michigan and Pennsylvania.
“One of the challenges is once tariffs have been imposed, it is quite difficult politically to reduce them — because the affected industry tends to get used to them, like them, operate with them as baked into their plans,” said Michael Froman, who was U.S. Trade Representative during the Obama administration.
The White House tried to separate itself from the approach of Trump. They said that comments by Trump that he would increase tariffs on all imports, including targeting Chinese cars if he is elected, would cause a hike in consumer prices.
The White House has downplayed the risk that the new tariffs could spark retaliation from China, saying that the issues have been discussed during meetings of top U.S. and Chinese officials, and were unlikely to come as a surprise.
Michael Cohen’s alleged affair with Stormy Daniels revealed in up first newsletter: Biden to announce new Chinese tariffs; Cohen returns to the stand
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U.S. Secretary of State Antony Blinken arrived in Kyiv today. The unannounced visit comes less than a month after Congress passed a $60 billion aid package for Ukraine. As the situation in Ukraine escalates, US Secretary of State Tony Blinken is going to meet with Zelenskyy and emphasize the US’s support for him. Ukrainian troops are struggling to repel a new Russian offensive along the northeastern border.
Michael Cohen, the key prosecution witness in Trump’s case, will be cross-examination today when he returns to New York. Cohen, formerly Trump’s personal lawyer, confirmed two key details on the stand yesterday: That the former president knew about the $130,000 settlement negotiation to keep adult film star Stormy Daniels from revealing an alleged affair and that he directed Cohen to make that payment because of the 2016 election.
Source: Biden to announce new Chinese tariffs; Michael Cohen returns to the stand
How often do you tell me where to go? Advice from a neuroscience professor after his first year at the American Museum of Natural History (AMN)
How many times a week do you rely on your phone to tell you where to go? I couldn’t find my way out of a paper bag without GPS. People with no idea of direction like me are able to change. Plus, people who have a good internal compass may have a deeper connection to the world around them, according to neuroscience professor Hugo Spiers. Try some of this advice to boost your navigation skills:
There is a clock at the house of Flavor Flav. Nicki Minaj’s Barbie pendant. Rick had a crown and eyepatch. Ghostface Killah’s eagle cuff. These famous hip-hop symbols are currently on display at the American Museum of Natural History in New York as part of an exhibit called “Ice Cold: An Exhibition of Hip-Hop Jewelry.”