A day after his surprise foray into steel and aluminum tariffs, President Trump’s decision reverberated as his own administration looked to head off a trade war.
Trump meanwhile, tweeted that “trade wars are good, easy to win.”
“The announcement spooked investors, enraged U.S. allies and left pro-trade White House officials scrambling to limit the damage and change the president’s mind,” POLITICO’s Ben White and Nancy Cook report.
The market “which plunged following Trump’s haphazard announcement of steel and aluminum tariffs on Thursday” was equally unforgiving today — continuing a descent and dropping another 300 points after the opening bell.
Trump’s decision also immediately upended re-negotiations of NAFTA, POLITICO’s Megan Cassella reports. Gathered for a seventh round of negotiations in Mexico City, officials from Canada, Mexico and the U.S. continued to meet. But the mood was very different.
“Since the announcement, negotiators have been ‘just going through the motions — that’s it,’ Jerry Dias, president of Canada's largest labor union, Unifor, told POLITICO on the sidelines of the talks.”
Elsewhere in President Trump’s orbit:
GREAT SCOTT: EPA Administrator Scott Pruitt’s radio interviews from 2005 include him dismissing evolution as unproven, expressing anger that other religions were hurting Christianity and other controversial views.
NO CHANCE: White House chief of staff John Kelly said he never thought about resigning even at the height of the controversy over Rob Porter’s departure from the White House amid allegations of domestic violence.
UNDER THE RADAR: Beneath the surface, the Trump administration has boosted charter schools, weakened regulations on methane and closed a loophole in the tax law.
PAULEY SERVED: According to a new ESPN report, though President Trump claimed to have helped extricate three UCLA basketball players from Chinese custody after they were caught shoplifting, the school doesn’t believe it helped.
SALAD DAYS: President Trump hasn’t had a burger in two weeks — and has been eating more and more salads, Bloomberg reports.
There you have it. You’re caught up on the Trump administration. Happy Friday.