Trump Merkel Trade Tensions Highlight Euro-American Rift
President Trump and Chancellor Merkel discussed trade and the Iran deal but showed limited progress on exemptions and defense spending. Merkel praised U S pressure on North Korea while remaining brief, as Macron’s visit had set a higher tone for European unity. The May 12 decision loomed on Iran.
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Republicans clear Trump Russia probe in bipartisan report
The House intelligence committee released a long report finding no evidence of collusion between Donald Trump’s 2016 campaign and Russia. President Trump hailed the result as conclusive while Democrats rebutted the conclusions.
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U S growth slows to 2.3 percent in first quarter
The Commerce Department reports a 2.3 percent annualized GDP gain for Q1 as consumer spending cools to 1.1 percent, offset by inventory gains and a smaller trade deficit. Analysts expect a rebound to above 3 percent in the current quarter.
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