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President Donald Trump might not be greeted with a warm welcome home when he and his family move from the White House to Mar-a-Lago once the soon-to-be-former president leaves office in January.According to The New York Times and The Seattle Times, a lawyer for the DeMoss family, who owns property next door to the resort, sent a letter Tuesday to the Town of Palm Beach and the U.S. Secret Service.The letter stated that Trump couldn't live at Mar-a-Lago because of an agreement he signed in 1993 when he converted the private residence into a private club, the Times reported.The Times reported that the letter pointed out that no one, including Trump, may reside there.Per the agreement, no one, including Trump, is allowed to spend more than seven days in a row at the resort, for no more than three weeks total a year, the Palm Beach Post reported.According to the Post, when Trump converted the residence into the club in 1993, his lawyer assured the council that Trump would no longer live at the club. 1018
President Donald Trump launched the next salvo in his widening war on Chinese trade abuses, this time taking aim at China's unfair seizure of US intellectual property.Trump on Thursday directed the US trade representative to level tariffs on about billion worth of Chinese imports following a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations. In addition to the tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures."We have a tremendous intellectual property theft problem," Trump said. "It's going to make us a much stronger, much richer nation."The move, which comes on the heels of the administration's steel and aluminum tariffs that also took aim at China, has already been met with threats of retaliation from China and is heightening concerns of a global trade war that could destabilize the global economy -- fears the Trump administration has repeatedly brushed off.Trump on Thursday signed a memorandum announcing the trade actions, invoking Section 301 of the 1974 Trade Act, which formed the basis for the administration's investigation.Before signing the measure, Trump lamented the US' multi-hundred billion dollar trade deficit with China and said the action would be "the first of many."Trump prefaced his trade action by insisting he views China as a "friend" and said he has "tremendous respect" for Chinese President Xi Jinping, as he flicked to China's support in pressuring North Korea to denuclearize."They are helping us a lot in North Korea," Trump said. "But we have a trade deficit ... there are many different ways of looking at it, but no matter which way you look at it, it is the largest trade deficit of any country in the history of the world."Trump said the US would continue to engage diplomatically with China to reduce the trade imbalance, even as he signed an action that is likely to exacerbate tensions between the two countries.Robert Lighthizer, the US trade representative, said the tariffs would focus on theft of US technologies and said Trump "concluded that we should put in place tariffs on appropriate products" following the investigation."This is an extremely important action. Very significant and very important for the future of the country, really across industries," Lighthizer said.The investigation concluded that China has stolen or coerced US companies into turning over their intellectual property through a series of state-run structural maneuvers, including its requirement that foreign companies partner with Chinese companies to access the Chinese market, said Everett Eissenstat, the deputy director of the National Economic Council for international economic affairs.The investigation also assessed that China has stolen US intellectual property by hacking US computer networks, though senior administration officials said Thursday's tariffs would not account for the value of that intellectual property theft, which they estimated to be in the hundreds of billions of dollars.The incoming tariffs are the most significant to date from a President who campaigned on a promise to correct the US' global trade imbalance, particularly with China, and to revitalize US manufacturing. The move is just the latest sign that Trump is intent on putting his protectionist rhetoric into action despite concerns from economists and financial analysts, including within his own administration.Beyond the threat of a far-reaching trade war, economists have warned US consumers are likely to bear the cost of the tariffs and worries about Chinese retaliation are mounting."A trade war does no good to anyone. There is no winner," China's Premier Li Keqiang said at a news conference in Beijing in anticipation of the Trump administration's tariff action.The Trump administration, though, has said it is simply taking long-overdue action following years of unfair Chinese trading practices that they argue previous administrations have insufficiently countered.Peter Navarro, Trump's hawkish top trade adviser, said the administration had decided on the tariffs in lockstep and said the US opted to take tariff actions after dialogues with China over the last 15 years have failed to produce significant changes in Chinese behavior."Administrations before us and this administration has tried very, very hard to work with the Chinese," Navarro said. "Talk is not cheap. It has been very expensive to the American people."The tariffs will not take immediate effect. Instead, the US trade representative will publish a list of targeted goods within 15 days and will then allow for a 30-day public comment period.Pressed about the impact on US consumers, a senior administration official said the administration believed the tariffs would result in only "minimal effects" on US consumers."In terms of the broader calculus of the harm that is done by what is the theft ... of intellectual property is almost incalculable," the official said. 5136
President Donald Trump continues his focus on educational institutions Friday, tweeting he is telling the Treasury Department to “re-examine their Tax-Exempt Status.”Earlier this week, after declaring his opinion that schools should re-open this fall, and reports this week that universities and colleges were considering online classes, the president tweeted he “may cut off funding if (U.S. schools) not open.”Friday, the president was more specific, stating he is having treasury look into universities and colleges. 527
President Donald Trump is considering pushing to have a special counsel appointed to advance the federal tax investigation into the son of President-elect Joe Biden. That could set up a potential showdown with incoming acting attorney general Jeffrey Rosen. Trump has been angry that outgoing Attorney General William Barr didn’t publicly announce the investigation into Hunter Biden. He's consulted on the potential for a special counsel with top White House officials and outside allies. Beyond appointing a special prosecutor to investigate the younger Biden, Trump is interested in having another special counsel appointed to look into his own baseless claims of election fraud. 690
President Donald Trump is considering former New Jersey Gov. Chris Christie and Florida Attorney General Pam Bondi to replace fired Attorney General Jeff Sessions, sources familiar with the matter said.Trump fired Sessions on Wednesday without immediately naming a replacement, instead installing Sessions' chief of staff Matthew Whitaker as acting attorney general.Christie, a former US attorney, could face similar calls to the ones Sessions faced to recuse himself from special counsel Robert Mueller's investigation given his role as a prominent 2016 campaign surrogate for Trump. Christie was initially considered as a contender for the attorney general position during the transition.Bondi could face significant hurdles to confirmation over the controversy surrounding a ,000 gift she received from Trump's foundation during her 2016 re-election campaign."There are many people in contention for that position just because there are many qualified people who would like to do it," Kellyanne Conway told reporters at the White House on Thursday.Neither Christie, Bondi nor the White House immediately responded to a request for comment. 1153