President Trump’s abrupt decision to increase tariffs to 25 percent on $200 billion worth of Chinese goods has upended the on-going trade talks between Washington and Beijing. While the Chinese both scrambled to send high-level negotiators to try and salvage negotiations and also levied reciprocal tariffs on $60 billion worth of U.S. goods, it was Beijing’s reported decision to renege on most of its trade concessions that prompted Trump’s turn-around.
In his new Hoover Institution Press book, Thinking about the Future, George P. Shultz reflects on more than half a century of public service to offer solutions to some of America’s most pressing contemporary problems.
Former U.S. national security adviser H.R. McMaster has said that the United States accepting North Korea as a de facto nuclear power would prompt Japan to debate whether or not it needed its own nuclear weapons, a claim that comes amid rekindled tensions on the Korean Peninsula.
Jim Mattis, a former Marine general and President Donald Trump’s first secretary of defense, will come to Spokane this fall as the keynote speaker at a fundraiser for a conservative business organization.
RUSH: Now, I wanted to move on to the China situation at present, and we’ll be returning to previous subjects that we discussed when we head back to the phones in mere moments. But grab audio sound bite number 6. Last night, Victor Davis Hanson was on with Laura Ingraham on The Ingraham Angle. Her question: “China has been doing this near criminal behavior,” meaning the trade policy, “for a while now. But companies want to produce stuff more cheaply in Asia, and they don’t want anybody to tinker with the way it has been.”
Last week, Niall Ferguson and Eyck Freymann showed that the Democratic Party is rapidly becoming the party of the young—and that Republicans are leaning ever more heavily on retirees. Both parties, they argued, are already feeling the effects of this generation-based realignment. “America’s political future,” Ferguson and Freymann wrote, “will be determined by the outcome of the generation war.”
As a presidential tweet ended a stock market rally and instilled new doubt into the prospects for a U.S.-China trade deal, one prominent economist remained optimistic. While he held out the likelihood that Friday’s deadline for trade negotiations would pass without a deal, Raghuram Rajan, Chicago Booth Katherine Dusak Miller Distinguished Service Professor of Finance, also said that both the U.S. and China needed to create a stable, long-term agreement.
In a sign of the significance with which Congress now regards matters relating to China, more than 20 members of the House of Representatives attended a recent Committee on Foreign Affairs hearing, making statements and asking probing questions.
The New York Times reports that Attorney General William Barr has assigned John Durham, the United States Attorney in Connecticut (and a Trump appointee) to look into the origins of the FBI's Trump-Russia investigation.
A few months after William Barr joined the Justice Department in 1989 as head of the Office of Legal Counsel, he issued an unsolicited opinion warning Bush administration officials to watch out for "legislative encroachments" on the authority of the president.