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Jennifer Jacobs @JenniferJJacobs
, 4 tweets, 2 min read Read on Twitter
SCOOP: Trump admin is preparing to release a list of an additional $200 billion in China products targeted for tariffs, @jendeben and @amayeda report.
The new list would mark the latest escalation of the trade war between the world’s two biggest economies.

Stock futures fell and yields on 10-year Treasuries declined on concern of the widening trade war.

bloomberg.com/news/articles/…
Trump admin releases proposed list of 1,000s of products on which it plans to impose new tariffs—vacuum cleaners, windshield wipers, tobacco products, etc.

Some high-profile items like mobile phones not on list.

The news sent markets skidding in Asia.

bloomberg.com/news/articles/…
There are a few inklings China might not pursue full-bore response to trade escalation this time, per @AnsteyAsia.

China has so far steered clear of detailing what they’ll do.

Authorities directed state media to avoid “aggressive'' language about Trump.

bloomberg.com/news/live-blog…
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Pence, in a briefing with reporters, says he's hopeful the shutdown can be resolved, but Democratic leaders need to accept Trump's invitation to come back to the WH this week "and start negotiating."
The reason Trump is asking for more money now for the border than in his proposed budget is because "things have gotten a lot worse," Pence says. Even the @washingtonpost reported over the weekend there's a "bonafide" crisis, he says.
Pence told reporters the Trump administration wants statutory change to allow children to apply for asylum at embassies in other countries, which would require personnel changes at State Dept.
Read 6 tweets
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BREAKING: Trump has discussed firing Federal Reserve chief Jerome Powell as his frustration has intensified after this week’s interest-rate increase and months of stock-market losses.

Advisers close to Trump aren’t convinced he will try to do it, but say he wants to.
Trump has talked privately about wanting to fire the Fed chair many times in past few days.

Any such attempt would have potentially devastating ripple effects on markets, undermining investors’ confidence in Fed’s ability to shepherd the economy without political interference.
It’s unclear how much legal authority the president has to fire Jay Powell.

And at least one of Trump’s economic advisers, Kudlow, has said a president can’t fire Federal Reserve chair without cause.

That hasn’t stopped Trump from expressing his desire to get rid of Powell.
Read 5 tweets
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"After cheating the IRS for years, lying to banks and to Congress, and seeking to criminally influence the presidential election, Cohen’s decision to plead guilty--rather than seek a pardon for his manifold crimes--does not make him a hero," NY prosecutors said in court papers.
MICHAEL COHEN in court: "I take full responsibility for each act."
COHEN, audibly emotional, says to people of US: "You deserve to know the truth and lying to you was unjust.”

Trump "publicly mocks me, calling me a rat and a liar.''

Cohen says wants to ensure that when history of Trump is written Cohen not recorded as "villain of his story."
Read 6 tweets

Related threads

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Michael Ryder and @Bkerrychina kicking off today's @RSAsianAffairs conference on China's Belt and Road Initiative, hosted at KCL, supported by the Wilson Center. Papers will be published as forthcoming issue of Asian Affairs - free to members of the RSAA
What will happen if Belt and Road Initiative leads to significant economic dev - will they lean towards political openness? This would not necessarily be desirable for China. In reality - tendency is NOT for 66 countries involved to move towards democracy with growth @shirleyzeyu
Much talk about possible 'debt trap' for recipient countries. What about risk to China, who will have invested massively via Belt and Road? Autocracies, authoritarian regimes may not uphold their obligations. @shirleyzeyu
Read 33 tweets
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Trump: Day 574
-147th Day at Trump Golf Club
-190th Day at Trump Property
-Wants 2 Privatize Afghanistan War
-Condemned by 60 x-CIA Officials
-Plans 2 Release More Revocations
-Omarosa w/ More Than Audiotapes
-Broidy Under Federal Investigation
-HHS sz Not Responsible 4 Children
Add...
Day 679 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
Day 531 of NO EVIDENCE produced by Trump that his phones were tapped by Obama.

The FISA warrant Trump referenced targeted Carter Page. #TrumpLies
Read 65 tweets
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Trump: Day 536
-Takes Circus Overseas 4 NATO Mtgs
-Only 4 Family Reunifications So Far
-Making Immigrants Pay 4 DNA Tests
-Made Secret Deal 2 Pick Kavanaugh
-Sz Meeting w/Putin Will Be "Easiest"
-BMW Moving Production 2 China
-Pence Wants 2 Overturn Roe v Wade
Add...
Day 641 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
Day 493 of NO EVIDENCE produced by Trump that his phones were tapped by Obama. #fakenews #TrumpLies
Read 60 tweets
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"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
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New #QAnon Thread

6/20/18

#WhereAreTheChidren

#maga #Trump @realDonaldTrump @POTUS #ChildTrafficking #Pizzagate #PedoGate #IGReport #SenateHearing #IGHearing #UnredactedIGreport #Declassify #WWG1WGA #WeThePeople #WednesdayWisdom
New #QAnon 1569-1570.

Their FF attempt was thwarted. To shift narrative off the damning #IGReport & successful #TrumpKimSummit, they're focusing on immigration/child separation- a projection of their own involvement in child separation/child trafficking. #FreeIran2018 is next.
New #QAnon 1571.

Jackson Lee made headlines yesterday, when she leaked plans to fire RR on Friday at the #SenateHearing. How'd she know? Who told her? Who is she protecting?

Interesting ring, Sheila. Part of the club?

Projection.

#Pizzagate #ChildTrafficking #IGReport @POTUS
Read 38 tweets
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💣Buckle Up!💣

It’s about to get real folks!

Mueller asks witnesses turn in phones for inspection.

Hannity freaks! Witnesses: destroy your phones!-too late #Traitor, Mueller has it all.

Comey: FBI leadership was “convinced” that Sessions would recuse from RU related inv’ns
💣Buckle Up!2💣

Rosenstein wd step aside from the RU inv’n if necessary,

An RU offered Ivanka a Trump-Putin mtg

Mulvaney nuked advisory board of the CFB.

“Sergei Prikhodko, Putin’s COS demoted.” Caught chatting w/ Deripraska on tape & vid re interference with US 2016 Elex.
💣Buckle Up!3💣

Stormy files suit & alleges old lawyer was a 'puppet' for Trump.

Manafort’s attorney hires an ethics atty!

Oh look! 45 might fire Pruit to distract! Fox news on attack.

Corker: “the admin is abusing the Section 232 authority delegated to the Pres by Congress”
Read 60 tweets

Trending hashtags

#IGReport #Iraq #breakfast #RCEP #Kremlin #FoxNews #ItsMuellerTime #KremlinAnnex #badumching #TBT #Trump #Qanon8Chan #taxscambill #CogentBuildingGroup #VisitTheUSA #ChildTrafficking #Military #repost #pt #BecauseofJesus #maga #WhereIsBraverman #environment #CPTPP #NeverForget

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