Wall Street is having a bit of a freakout over President Donald Trump's trade war. More in Playbook:
Banks and their research arms have sent a flurry of analyses of the president’s trade policy over the last few days, warning of dire consequences. | Spencer Platt/Getty Imagestrade war. Over the last few days, banks and their research arms have sent a flurry of analyses of the president’s trade policy. Most are warning about dire consequences.“New evidence on the effects of the 2018 tariff rounds from two detailed academic studies points to larger effects on U.S.
“U.S. Secretary of State Mike Pompeo has canceled his planned visit to Moscow and heading instead to Brussels, according to a State Department official.Maryland, late Sunday night. While in Brussels, Pompeo will discuss a range of pressing issues, including Iran, with representatives from the UK, Germany and France, the official said.
“When Donald Trump became president, Europe’s fiercest anti-immigration leader saw an opportunity to garner international legitimacy for his policies.— the only European Union government head to endorse Trump’s campaign during the 2016 election — failed to get an invitation to visit the White House, despite Trump hosting numerous other European leaders. With no White House visit coming, the Hungarian government lobbied its case to lawmakers, the State Department and the White House.
by WaPo’s Dan Lamothe: “The Pentagon will shift $1.5 billion for President Trump’s border wall from programs that include the military’s next nuclear intercontinental ballistic missile and a plane that provides surveillance and communications to fighter jets while airborne, according to a Defense Department document obtained by The Washington Post., disclosed Friday, to build about 80 additional miles of border wall using Defense Department money.
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