Trump Declares ‘NO COLLUSION!’ in Early-Morning Tweet After Cohen, Manafort Memos Drop

After dubiously claiming the Michael Cohen sentencing memo “totally clears” him last night, President Donald Trump this morning sent out a mostly all-caps “NO COLLUSION” tweet.

[Mediaite]

President Trump takes 8-car motorcade across the street to greet Bushes

President Donald Trump is taking criticism for using an eight-car motorcade to travel about 250 yards to welcome the Bush family at Blair House, the guest quarters across the street from the White House.

Washington Post article cited a former Obama administration official who said previous presidents, including Barack Obama, “have made that walk before.”

“Bone spurs?” CNN national security analyst Sam Vinograd sarcastically wondered, referring to a medical condition cited as the explanation for Trump’s fifth deferment from the draft during the Vietnam War.

But observers suggested that the Secret Service likely requested Trump take the motorcade. Twitter users pointed out to a passage from former first lady Michelle Obama’s new book “Becoming” in which she said the Secret Service would sometimes request she and her husband take a motorcade across the street.

Post reporter David Nakamura tweeted that while he found six examples of Obama walking across the street to visit Blair House, he had not yet been able to find an example of him using a motorcade to do so.

[USA Today]

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.

The episode illustrates the extent of the president’s ambivalence toward tackling an issue that has previously animated the Republican Party from the days of Ronald Reagan to the presidency of Barack Obama.

But for those who have worked with Trump, it was par for the course. Several people close to the president, both within and outside his administration, confirmed that the national debt has never bothered him in a truly meaningful way, despite his public lip service. “I never once heard him talk about the debt,” one former senior White House official attested.

Marc Short, who until recently worked for Trump as his legislative affairs director, said he believed the president recognized “the threat that debt poses” and he pointed to Trump’s concern “about rising interest rates” as evidence of his concern for the matter.

“But there’s no doubt this administration and this Congress need to address spending because we have out-of-control entitlement programs,” Short said, adding, “it’s fair to say that… the president would be skeptical of anyone who claims that they would know exactly when a [debt] crisis really comes home to roost.”

Recent reports have suggested that Trump is determined, at least rhetorically, to address the issue. Hogan Gidley, a spokesman for the president, noted that the president and his team have proposed policies to achieve some deficit reduction, “including in his first budget that actually would’ve balanced in 10 years, a historic, common-sense rescissions proposal.”

[The Daily Beast]

Trump points to French riots to justify pulling out of Paris climate deal

President Trump on Tuesday cited recent riots in France as justification for his decision to withdraw the U.S. from the Paris climate deal, which he called “fatally flawed.”

“I am glad that my friend @EmmanuelMacron and the protestors in Paris have agreed with the conclusion I reached two years ago. The Paris Agreement is fatally flawed because it raises the price of energy for responsible countries while whitewashing some of the worst polluters in the world,” Trump wrote on Twitter.

The president argued that he has “been making great strides in improving America’s environment,” but suggested the Paris agreement put the burden for environmentally-friendly policies on American taxpayers.

The president’s tweet came after France on Tuesday delayed plans to implement steep taxes on diesel fuel and gasoline as part of Macron’s effort to reduce emissions.

“No tax is worth putting in danger the unity of the nation,” Prime Minister Édouard Philippe said in announcing the delay.

The announcement was preceded by intense protests in Paris, where demonstrators vandalized monuments and clashed with police, injuring more than 100 people. The protesters had lashed out against the planned fuel tax and, more broadly, Macron’s leadership.

Trump announced in June 2017 that the U.S. would withdraw from the Paris agreement, which includes nearly every country as part of a global effort to combat climate change. The accord does not allow nations to submit exit paperwork until November 2019, and the United States’s departure would not be effective until November 2020.

The president has long voiced skepticism about the existence of climate change, and his administration has undone a number of environmental regulations established during the Obama years.

Trump late last month dismissed the findings of a government report that warned of dire consequences if the country does not address climate change. The president went on to dispute the scientific consensus that human activity contributes to climate change.

[The Hill]

Donald Trump Retweets Claim That Paris Protesters Are Chanting ‘We Want Trump.’ They’re Not

President Donald Trump retweeted a post Tuesday making several inaccurate claims about the ongoing protests that have rocked Paris and other parts of France.

The original tweet was written by Charlie Kirk, founder and president of the right-wing nonprofit Turning Point USA. In his post, Kirk claimed, “There are riots in socialist France because of radical leftist fuel taxes.” He added that “Europe is burning” and that the demonstrations are a middle-class rebellion against “cultural Marxism.”

“‘We want Trump’ being chanted through the streets of Paris,” he concluded.

Although protesters have taken to the streets to demonstrate against fuel taxes—which were promoted as a way of combating climate change—as well as other price hikes, the criticism of President Emmanuel Macron is actually the opposite of what Kirk and other right-wing commentators have claimed. Opposition political leaders have actually called for increased taxes on the wealthy, while demonstrators have taken to the streets against rising costs, as they’ve seen some of their social support curbed by the government.

Kirk’s claim that people are chanting “We want Trump” appears to be based on a trending video of demonstrators appearing to mock the U.S. president. The video circulating on social media does not appear to have been filmed in Paris or even in France but in London, possibly during anti-Trump demonstrations earlier this year. Conservative talk radio host Rush Limbaugh also claimed that French demonstrators were chanting “We want Trump.”

However, French residents told Newsweekthat the suggestions were laughable, as there were signs lining roads calling Macron a “capitalist pig.” Demonstrators are also calling for higher taxes on the rich and to redistribute wealth in the country, they said.

France 24’s White House correspondent Philip Crowther slammed Trump for retweeting the false claims made by Kirk. “Lies being retweeted by the President: Europe is obviously not burning, and ‘We want Trump’ is not being chanted through the streets of Paris,” he wrote. “Also, the fuel taxes are not radical leftist and France is not socialist. Any other lies?”

[Newsweek]

Trump calls Russia deal ‘legal and cool’ as Mueller inquiry gathers momentum

Donald Trump, drawn deeper into an investigation into Russian meddling in US elections, has defended his pursuit of a business deal in Moscow at the same time he was running for president as “very legal & very cool”.

Trump appeared rattled this week after Michael Cohen, his former personal lawyer, confessed that he lied to Congress about a Russian property contract he pursued on his boss’s behalf during the Republican primary campaign in 2016.

In a series of tweets from Buenos Aires, where he is attending the G20 summit, Trump recalled “happily living my life” as a property developer before running for president after seeing the “Country going in the wrong direction (to put it mildly)”.

“Against all odds,” he continued, “I decide to run for President & continue to run my business-very legal & very cool, talked about it on the campaign trail. Lightly looked at doing a building somewhere in Russia. Put up zero money, zero guarantees and didn’t do the project. Witch Hunt!”

The president frequently uses the phrase “witch hunt” to belittle Mueller’s investigation, which began in May last year and seems to have gathered momentum in recent days.

Trump repeatedly said during the election campaign that he had no ties to Russia. In July 2016 he tweeted: “For the record, I have ZERO investments in Russia.”

But Cohen, who had already pleaded guilty to campaign finance violations and other financial crimes in a separate case brought by federal prosecutors in New York, on Thursday said he had lied to Congress about a proposed Trump Tower skyscraper in Moscow.

Cohen told two congressional committees last year that the talks about the tower project ended in January 2016, a lie he said was an act of loyalty to Trump. In fact, the negotiations continued until June that year, after Trump had secured the Republican nomination, Cohen admitted.

Cohen told Mueller’s prosecutors that he briefed Trump on the project more than three times. He also briefed members of Trump’s family, had direct contact with Kremlin representatives and considered traveling to Moscow to discuss it.

Trump condemned Cohen after the plea deal was announced, calling him “a weak person” and a liar. As he departed for Buenos Aires, he acknowledged his business dealings with Russia, telling reporters: “It doesn’t matter because I was allowed to do whatever I wanted during the campaign.”

Mueller’s team has brought charges or secured convictions against more than two dozen Russian nationals and entities, as well as several of Trump’s associates, but now the president himself is front and centre. Experts suggested that the walls are closing in.

Jeffrey Toobin, a legal analyst, told CNN: “Today is the first day I actually thought Donald Trump might not finish his term in office. I think this thing is enormous.” An opinion column in the Washington Post was headlined: “Trump should be freaked out right about now.”

Democrats have joined the criticism. Senator Chris Murphy tweeted: “This whole thing has likely been a scam from the start. It’s not some wild coincidence that the Administration’s foreign policy is most inexplicable toward the two countries – Russia and Saudi Arabia – where the Trump family pursues the most business.”

But the White House remains defiant. Trump’s lawyer, Rudy Giuliani, issued a statement that said: “BREAKING NEWS ALERT: Michael Cohen is a liar. It’s no surprise that Cohen lied to Congress. He’s a proven liar who is doing everything he can to get out of a long-term prison sentence for serious crimes of bank and tax fraud that had nothing to do with the Trump Organization.”

He added: “With regard to the hotel proposal in Moscow, the President has been completely open and transparent.”

Trump still owns his private company but had said he would hand over day-to-day dealings to his sons Donald Trump Jr and Eric Trump when he took office in January 2017. He has repeatedly blurred the distinction between business and public office that has been observed by past presidents.

His meeting with the Russian president, Vladimir Putin, in Helsinki earlier this year drew fierce criticism after Trump appeared to side with Moscow’s denials over the findings of his own intelligence agencies. After Cohen’s plea, Trump cancelled his planned meeting with Putin at the G20, citing the Ukraine crisis. Russia’s foreign ministry on Friday said it believed the meeting was canceled over “the US domestic political situation”.

The Cohen confession comes as Mueller’s investigation gathers pace. Trump has provided responses to written questions while the special counsel has accused his former campaign chairman, Paul Manafort, of lying after his own guilty plea.

On Friday, Judge Amy Berman Jackson of the US District Court for the District of Columbia asked Mueller’s team to submit a report next week outlining how they believe Manafort breached a plea agreement struck shortly before he was to have gone on trial on charges including money laundering, failing to register as a lobbyist for the Ukraine government and conspiracy to defraud the US.

The judge set 5 March as a tentative date for sentencing of Manafort, a veteran Washington consultant convicted of financial crimes. Prosecutors also left open the possibility that new charges could be filed against Manafort for lying. “That determination has not been made,” prosecutor Andrew Weissmann said.

In August, a jury in Virginia had convicted Manafort of bank and tax fraud in a separate case. He is scheduled to be sentenced on 8 February for that conviction.

Mueller continues to investigate whether campaign associates had advance knowledge of hacked emails becoming public. Another potential target, Jerome Corsi, has rejected a plea offer and faces a possible indictment.

[The Guardian]

Trump tweets that tariffs are making the US “richer than ever before.” They’re not.

Either President Donald Trump isn’t sure how tariffs work or he’s being deliberately misleading about them.

The president fired off an early-morning tweet on Thursday declaring that billions of dollars are “pouring into the coffers of the United States” because of the tariffs his administration has put on some $250 billion in Chinese imports.

“If companies don’t want to pay Tariffs, build in the U.S.A.,” Trump wrote. “Otherwise, lets just make our Country richer than ever before!”

But that’s not really how tariffs work: The US may be generating some revenue from tariffs, but billions of dollars aren’t pouring in. Moreover, a lot of the money that is made off of tariffs comes from US consumers — not Chinese companies.

“If you think about who’s actually paying the tax, it’s like a sales tax. It’s like saying, ‘I put a sales tax on producers, isn’t this great we’re getting all this money?’ And then consumers say, ‘Wait, that’s from my wallet,’” said Michael Klein, a professor of international economic affairs at the Fletcher School at Tufts University and founder of the nonpartisan economics publication Econofact. “It’s just another example of taking where there’s a tiny germ of truth and blowing it up to the point where it’s absurd, for his own political purposes.”

On Thursday, Trump will travel to Buenos Aires for the G20 summit, where, among other agenda items, he’s expected to meet with Chinese President Xi Jinping for a working dinner to discuss the countries’ relations, including trade. The sit-down is seen as high-stakes, given that the US has placed nearly $250 billion in tariffs on Chinese goods and China has levied retaliatory tariffs of its own. The escalating trade war poses a threat to both nations’ economies.

Tariffs don’t really work this way

The Trump administration has shown itself to be pretty into the idea of tariffs. It’s put tariffs on steel and aluminum imports from multiple countries as well as on several billion dollars of Chinese goods. The way tariffs work is that the goods marked for tariffs face a border tax when they’re imported into the US.

As Vox’s Matt Yglesias recently explained, the US government with its initial rounds of China tariffs was careful to make sure the products it targeted had foreign-made alternatives:

When that happens, US purchasers switch to non-Chinese alternatives, and then consumers from outside the US tend to switch around and start buying the Chinese products. The overall impact is slightly less efficient global supply chains, some real pain to Chinese firms that need to find new customers, and a limited impact on American prices.

In other words, thus far, things have been relatively tame. A recent study from EconPol Europe found that Trump’s first round of tariffs have increased the prices US buyers pay for Chinese-made goods by 4.5 percent and decreased the prices received by Chinese sellers of US-bound goods by 20.5 percent.

That means that thus far, the tariffs have been mostly, but not entirely, paid for by China, but it’s not going great for anyone. And if Trump’s meeting with Xi doesn’t go well and the trade war escalates, the economic effects of tensions could worsen.

And it’s not going to be making the US significantly richer, because the more tariffs, the less incentive to import the goods affected, and therefore the less money being collected.

“If the point of tariffs is to reduce what you’re buying, that means you’re not going to make that much money,” Klein said.

And much of the money that does come in will be from Americans themselves. Tariffs are often passed on to consumers, therefore driving up prices and, ultimately, inflation.

Trump, who is personally very wealthy, has been rather cavalier about the potential for prices going up. In an interview with the Wall Street Journal this week in which he appeared to float the idea of putting tariffs on iPhones and laptops, he said, “I mean, I can make it 10 percent, and people could stand that very easily.”

“Made in the USA” isn’t as easy as Trump makes it out to be

President Trump often makes the case that many of the United States’ trade and economic problems could be solved if companies would just do all of their manufacturing here. He’s attacked General MotorsApple, and Harley-Davidson, among others, for having operations outside the US.

But “build in America” (which, by the way, many of Trump’s companies didn’t) isn’t as easy as it sounds. Supply chains are global, so even when Trump thinks he’s hitting back at China over, say, the iPhone, he’s missing the fact that the product is sourced from a lot of places, and its supply chain spans many countries.

In an Econofact analysis last year, Klein and Harvard political economist Marc Melitz estimated that each iPhone 7 imported to the US was recorded as a $225 import from China, but of that amount, only $5 represents work performed in China, largely assembly. The remaining $220 corresponds to other parts of Asia, Europe, and the Americas.

“It always sounds good when a president sounds tough on trade and issues protectionist policies,” Wayne Lam, a principal analyst at the information and analytics firm IHS Markit, told me when discussing the iPhone earlier this year. “We just don’t have the sheer workforce size nor skill set to be good at consumer electronics manufacturing.”

[Vox]

Trump floats new auto tariffs in response to GM layoffs

President Trump on Wednesday hinted he may support new tariffs on auto imports as his latest response to General Motors’ decision to shutter U.S. factories and lay off workers.

In a series of tweets, Trump argued that a longstanding 25 percent tariff on light trucks has boosted U.S. auto manufacturers and that the same approach could work for cars.

”If we did that with cars coming in, many more cars would be built here and G.M. would not be closing their plants in Ohio, Michigan & Maryland. Get smart Congress,” Trump wrote.

The president said major auto exporting countries “have taken advantage of the U.S. for decades” and warned “that the president has great power on this issue.”

”Because of the G.M. event, it is being studied now!” he wrote.

The comments follow a report in the German media that Trump is considering slapping a 25 percent tariff on car imports from all countries aside from Mexico and Canada. Trump previously decided to put off auto tariffs on Europe in exchange for the European Union agreeing to purchase more American soybeans.

General Motors’ announcement this week angered Trump, who views the U.S. economy as a reflection of his presidency. The plant closures and layoffs, combined with a sputtering stock market and rising interests rates, appear to have sparked fears of an economic downturn and prompted Trump to lash out.

Trump blamed Federal Reserve Chairman Jerome Powell for the stock-market slide and the GM layoffs, citing his decision to raise interest rates. The president said he also spoke to GM CEO Mary Barra to relay his unhappiness with the decision and threatened to end GM’s federal tax credit for electric vehicles.

GM has said slow demand for cars in the U.S. market, combined with tariffs on Chinese steel and aluminum, have hurt sales and forced the company to shutter plants in Lordstown, Ohio; Detroit-Hamtramck, Mich.; and White Marsh, Md.

The U.S. imposed a 25 percent tariff on imported light trucks in 1964 after France and West Germany imposed tariffs on U.S. chicken, hence the name ”chicken tax.”

[The Hill]

Trump disputes CIA findings in Khashoggi killing, says too much at stake to punish ally

Responding to questions about Saudi Arabia’s role in the murder of Washington Post journalist Jamal Khashoggi, President Donald Trump suggested Thursday that the U.S. can’t afford to punish foreign nations for killing people.

“Do people really want me to give up hundreds of thousands of jobs?” he said. “And frankly, if we went by this standard, we wouldn’t be able to have anybody who’s an ally, because look at what happens all over the world.”

NBC and other outlets have reported that the CIA recently determined, reportedly with “high confidence,” that Saudi Crown Prince Mohammed bin Salman ordered the murder of Khashoggi at a Saudi consulate in Turkey in early October.

Trump rejected that characterization in an exchange with reporters in Palm Beach, Fla., where he is spending the Thanksgiving holiday at his Mar-a-Lago resort, but said the American relationship with Riyadh wouldn’t be affected even if the crown prince is responsible for Khashoggi’s death.

“Whether he did or whether he didn’t, he denies it vehemently,” Trump said. “The CIA doesn’t say they did it. They do point out certain things, and in pointing out those things, you can conclude that maybe he did or maybe he didn’t.”

The aftermath of the killing bothered him, he said, but he argued the CIA gave him conflicting information about the act.

“I hate the cover-up. And I will tell you this, the crown prince hates it more than I do,” he said. “And they have vehemently deny it. The CIA points it both ways. As I said, maybe he did, maybe he didn’t. But I will say very strongly that it’s a very important ally.”

By design, intelligence community analyses don’t reach conclusions. Instead, analysts provide evidence and a degree of confidence about their judgments, along with information about any uncertainties.

After Trump tweeted a statement of support for Saudi rulers Wednesday, Washington Post publisher and CEO Fred Ryan slammed Trump in an op-ed.

“A clear and dangerous message has been sent to tyrants around the world: Flash enough money in front of the president of the United States, and you can literally get away with murder,” Ryan wrote.

Pressed Thursday on whether his message to foreign leaders is that they can act with impunity, Trump said “no.”

“Not at all,” he said. ” Saudi Arabia has been a longtime strategic partner. They’re investing hundreds of billions of dollars in our country. I mean hundreds of billions. They’re keeping the oil prices low.”

The U.S Bureau of Economic Analysis does not report figures for Saudi Arabia’s direct investment in the U.S. to avoid revealing information about specific companies. While overall data is not available, the office of the U.S. Trade Representative reports that “Saudi Arabia’s direct investment in the U.S. is led by real estate, information services, and retail trade.”

Financial transactions between the two countries amounted to a negative number in 2017 — about $161 million in Riyadh’s favor — according to BEA.

Saudi Arabia spent about $9 billion on U.S. arms between 2013 and 2017, according to the Stockholm International Peace Research Institute, but Trump has said erroneously that Saudi rulers are ready to spend many multiples of that in the coming years — up to $450 billion in goods, including $110 billion in military equipment. Saudi Arabia’s annual gross domestic product has been below $700 billion in each of the last three years.

[NBC News]

Trump Wishes Everyone Happy Holiday Then Bashes Chief Justice Roberts to Start Thanksgiving Day

President Donald Trump began the Thanksgiving holiday with a nice, generic, brief holiday greeting: “HAPPY THANKSGIVING TO ALL,” he said, in all caps. The exact sort of greeting that you’d want from a president. Too bad twenty minutes later he decided to attack the Chief Justice of the Supreme Court. Again.

Chief Justice John Roberts rebuked Trump’s criticism of the judge who ruled against him on immigration in a comment to the Associated Press. Trump had referred to the federal judge as an “Obama judge.” Roberts said in a statement there are no Obama judges or Bush judges but just an independent judiciary.

Trump then returned fire at Roberts saying he was wrong and that the ninth circuit is an activist court.

The attendant outrage, news reports, and Twitter meltdowns escalated things. And so Trump started Thanksgiving with another swipe at the Republican appointed conservative chief justice.

[Mediaite]

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