March 28, 2017


A trade war is brewing inside the White House between rival camps (Don Lee, 3/28/17, LA Times)
Soon after President Trump took office, an executive order was quietly drafted to suspend talks with China on an obscure but potentially far-reaching treaty about bilateral investment.

After eight years and two dozen rounds of negotiations, the treaty terms were almost in final form. Pulling out after so much time and effort would send a clear message that the Trump administration meant to take a new and tougher approach to China.

But the executive order never even got to the president's desk. It was quietly shelved, according to sources inside and outside the White House, at the behest of former Goldman Sachs President Gary Cohn, now Trump's top economic advisor.

Getting a major trade deal would make up to Wall Street for the Trumpcare fiasco.

Posted by at March 28, 2017 6:14 AM


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