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Trump’s China tariffs massively backfire as trade deficit smashes record high

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President Donald Trump regularly cites the United States’ massive trade deficit with China as a primary justification for his decision to implement tariffs.

However, the Washington Post reports that the United States’ trade deficit with China has only widened since the implementation of tariffs and hit a record-high $34.1 billion, according to Chinese statistics released this week.

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“It’s obvious that the immediate effects of the trade war are the exact opposite of what the Trump administration had been planning,” Andrew Polk of Beijing-based research firm Trivium China tells the Post. “We expect the dynamic to change once we get a bit deeper into this, but for now China is trying to outrun the next round of tariffs.”

Julian Evans-Pritchard, an economist at Capital Economics, tells the Post that one reason that China has been able to beat Trump’s tariffs so far is that its currency value has depreciated by more than eight percent since June, which has helped make its products even cheaper abroad, while also reducing domestic demand for U.S. imports.

And Huo Jianguo, a trade expert at the Center for China and Globalization in Beijing, tells the Post that Trump might want to rethink his trade strategy when he sees that the trade deficit with China has only widened under his watch.

“He won’t be happy with these figures but it proves that tariffs don’t help curb exports,” he said.

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McConnell is running a ‘scam’ to keep Bolton from testifying so Trump’s trial can end without any more damage: columnist

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According to Greg Sargent at the Washington Post, Senate Majority Leader Mitch McConnell is trying to pull one over on the Democrats in his attempt to make sure former national security adviser John Bolton doesn't speak during the impeachment trial of Donald Trump -- and that Democrats should call his bluff.

Noting a CNN report that states, "A growing number of Republicans are pointing to President Donald Trump's threat to invoke executive privilege in order to make their case against subpoenas sought by Democrats for key witnesses and documents, a development that could bolster Senate Majority Leader Mitch McConnell's goal of a swift end to the impeachment trial," as an excuse to keep Bolton at arms-length from testifying, the Wapo columnist said executive privilege may not be the stop-gap Republicans think it is.

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Columnist drops the hammer on ‘Stalinist’ GOP for running a bogus ‘show trial’ to exonerate Trump

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In a brutal column for the Daily Beast, longtime political observer Michael Tomasky went all-in on an attack on Republican senators for turning the impeachment trial of Donald Trump into a "Stalinist show trial" where the outcome is known before it even starts.

Reflecting on the impassioned case laid out by Rep. Adam Schiff (D-CA) over the past three days, Tomasky wondered what it would take to get through to Republicans who seem uninterested in fulfilling their constitutional duties.

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‘Take her out!’ Leaked audio purportedly catches Trump demanding firing of Marie Yovanovitch

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An audio recording that has been reviewed by ABC News purportedly catches President Donald Trump demanding the firing of former American ambassador to Ukraine Marie Yovanovitch.

According to ABC News, the recording was made in April 2018, which was more than a year before Yovanovitch was finally ousted from her position. Additionally, ABC News reports that the recording was made by Igor Fruman, the now-indicted henchman of Trump lawyer Rudy Giuliani, who captured the president's voice during a private dinner where he also met with Fruman's co-conspirator, Lev Parnas.

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