Trade War Fears Rise as Fed Warns on Investment
Washington Post reports the Fed warns that uncertainty over U S trade policy is chilling investment and that the U S conflict with trading partners is hurting stocks and could slow growth. Tariffs on 34 billion dollars of Chinese goods prompt swift Beijing retaliation while officials expect gradual rate hikes.
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China weighs new tariffs amid US trade tensions
Xi faces hurdles as China considers midnight tariffs on hundreds of US products including pork poultry soybeans and corn. Analysts warn of a global trade shock while farmers fear loss of access to China’s market. Officials frame US actions as aggression, pledging not to back down in a tense standoff.
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Trump narrows Supreme Court picks to Barrett Kavanaugh Kethledge
President Trump narrows his Supreme Court shortlist to Amy Coney Barrett Brett Kavanaugh and Raymond Kethledge with Barrett described as possible fifth woman nominee and Kavanaugh Kethledge seen as stronger favorites amid Senate battle and Kennedy vacancy.
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Schumer urges Trump to nominate Garland for Supreme Court
Senate Minority Leader Chuck Schumer privately urged President Trump to nominate Merrick Garland to replace Justice Kennedy. A short call touched on uniting the country and avoiding a nominee hostile to Roe v Wade and Obamacare, with concerns about damaging Trump’s legacy.
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Soybean cargo races to beat 25 percent tariff in China
A U S soybeans cargo named Peak Pegasus heads to Dalian aiming to clear customs before a 25 percent tariff takes effect. Bloomberg-compiled data place arrival around 3 p m local time as tensions rise over U S China trade.
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China
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Bloomberg
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Mueller expands probe with more DOJ prosecutors and agents
Special counsel Robert Mueller taps additional career prosecutors from U S attorney offices and DOJ headquarters along with FBI agents as the Russia inquiry grows. Officials say the move may foreshadow future handoffs while the team handles a rising volume of court challenges. Mueller’s office has 20 indictments and five guilty pleas to date.
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