Thursday, March 8, 2018

Morning Browse: Tariffs, Twitter, Traitors and More Tariffs

Tariffs on steel and aluminum have been imposed at 25% and 10% respectively. Canada and Mexico have been exempted, and their exemption has been linked to the ongoing NAFTA renegotiation. China may respond by targeting US soybeans. The EU is feeling petulant and has a whole arsenal at their disposal. Trump has threatened additional tariffs on European cars if the EU does attempt retaliatory sanctions.

A U.S. judge opines that it might be unconstitutional for President Trump to block people on his Twitter account, claiming that it would violate free speech. Whatever happened to freedom of association? I seem to remember that being somewhere in the constitution. It seems that muting a user, on the other hand, is undoubtedly constitutional.

Last month Oakland's mayor, Libby Schaff, took to the air, warning illegal immigrants that ICE was coming. According to the head of ICE, 800 illegal immigrants managed to remain at large because of Schaff's actions. The President said her actions were a disgrace.

Meanwhile in Virginia, Paul Manafort plead not-guilty. He stands accused of conspiracy of conspiracy to commit money laundering, failing to register as a foreign agent, bank fraud, and filing false tax returns.

In the course of writing the Morning Browse, Elon Musk has come out on Twitter, asking for Trump to impose, essentially, reciprocal tariffs on Chinese cars. Tesla, a car company owned by Musk, has been attempting to open a plant in China. China, however, demands that the plant be a joint venture. Musk, determined to protect his intellectual property, has refused to cave. At present, Tesla sells cars manufactured in the US into the China market, paying a 25% tariff. Cars manufactured in China and sold into the US market are only subject to a 2.5% tariff. 

In two minutes, South Korea will be making an important announcement, likely concerning planned talks with North Korea.

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