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Letter from Washington

“U.S., China Close In on Trade Deal.”  Sunday afternoon’s Wall Street Journal article led with: China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other products and Washington considering removing most, if not all, sanctions […]

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Letter from Washington

FOMC Minutes — 2 PM Wednesday Fed Monetary Policy Report — 11 AM Friday 2019 U.S. Monetary Policy Forum, New York, NY: Fed Vice Chair Clarida, 12 PM Friday, “The Federal Reserve’s Review of Monetary Policy Strategies, Tools, and Communications,” and Fed Vice Chair Quarles, 1:30 PM Friday, “The Future of the Federal Reserve’s Balance […]

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Letter from Washington The latest insights from our Washington Insider

“Trump team weighs surprise tariff cut in hopes of securing China trade deal.”  Last night’s Washington Post article led with: The Trump administration is considering eliminating tariffs on billions of dollars of Chinese imports to spur progress toward a trade deal, less than two weeks before a high-level delegation from Beijing is scheduled to arrive […]

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Letter from Washington Updates from our Washington Insider

President Trump’s schedule (EST): 11:30 AM:  Meets with the House Problem Solvers Caucus; 1:00 PM:  Has lunch with Secretary of State Mike Pompeo; and 2:15 PM:  Signs S.24, the “Government Employee Fair Treatment Act of 2019,”  requiring retroactive compensation for furloughed and other unpaid federal workers. Russia sanctions resolution test vote fell 2 short of […]

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Letter from Washington The daily scoop from Washington

“U.S.-China Talks Near Close With Positive Signs From Both Sides.”  This morning’s Bloomberg article led with: Chinese authorities planned to give a statement following the latest round of U.S. trade talks on Tuesday in Beijing, after both sides signaled progress toward resolving a conflict that has roiled markets. “The talks are still underway and I […]

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Trump won’t win the Nobel Peace Prize – whether or not he deserves it Trump's decision to dump the Iran deal could have been calculated to annoy the Nobel committee

There we have it. The date and time for Donald Trump’s meeting with the Kim Jong-un are set. It was announced when Trump’s newly appointed secretary of state, Mike Pompeo, returned from Pyongyang with three Americans who had been imprisoned in North Korea. The summit – an outbreak of diplomacy after the two countries traded […]

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What happens to oil if Trump tears up the Iran deal? Why poor countries could be cheering Donald Trump if he tears up the Iran deal

For all Boris Johnson’s best efforts to persuade him otherwise, President Trump seems likely to pull the United States out of the 2015 Iranian nuclear agreement, formally known as the Joint Comprehensive Plan of Action (JCPOA). This weekend Rudy Giuliani symbolically ripped up a copy of the JCPOA when speaking to a conference of the […]

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The seductive simplicity of blaming Trump’s win on Cambridge Analytica Blaming bad news on nefarious forces

Container ship in port

For the last two years, on both sides of the Atlantic, liberals and other concerned citizens have spent their time searching for an answer to the agonising, appalling, question “How did this happen?” How, for the love of God, could the United States have elected Donald Trump president? How, for crying out loud, could the […]

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