What I am watching today = May 10, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
China, Iran, North Korea, Venezuela, Uber, Premier League
✔️ US doubles tariffs on $200 billion of Chinese imports
✔️ Our first instinct is far too often wrong
✔️ Subpoena of Trump Jr. sets off a firefight among GOP
✔️ Uber priced its IPO at $45 a share
✔️ Europe now belongs to the Premier League
WSJ: China. Iran. North Korea. Venezuela. Foreign-policy tests mount for Trump.
US increases tariffs on China as talks resume: WSJ reports, the US increased tariffs on $200 billion of Chinese goods to 25% as President Trump ratcheted up pressure on Beijing and threatened to impose additional levies. Beijing said it would retaliate.
Trump increases China tariffs; trade talks to resume Friday: NYT reports, Trump’s decision to proceed with the tariff increase on $200 billion worth of Chinese goods came after negotiations on Thursday failed to produce an agreement. The renewed brinkmanship plunged the world’s two largest economies back into a trade war that had seemed on the cusp of ending.
FT: Trump hits China with tariff rise as trade war escalates
Beijing vows to retaliate as negotiators in Washington fail to reach last-minute deal.
US doubles tariffs on $200 billion of Chinese imports, escalating trade war: WP reports, negotiators met into the evening but failed to avert a tariff hike that took effect overnight. Talks are set to resume today.
Reuters: Trump says in 'no rush' to complete China trade deal
Gillian Tett: China, defiant but careful, promises aggressive response: NYT reports, a longer or worsening trade war could hurt China’s already bruised factories. Still, Beijing is signaling that it is ready for a fight.
WSJ: US-China trade fight stings companies world-wide
US business has changed its tune on China: Many corporate executives now quietly support Donald Trump’s tough trade talk.
Jonathan Bernstein: Trump’s trade war is terrible politics: By personalizing his signature policy, the president is creating some major risks for himself.
David Fickling: The US and China may not want a deal after all: Keeping tensions bubbling could be politically expedient. That may be why both sides seem alarmingly comfortable with the deteriorating status quo.
Trump will say China begged for more time and the threat of tariffs are working.
Trump wants (needs) this issue for 2020 - regardless of the deal, some voters will say its weak soup - better for Trump to secure a deal in this second term.
Also, this is more proof of the conscious uncoupling US-China style.
Japan enacts legislation making preschool education free in effort to boost low fertility rate: TJT reports, the ¥776 billion program makes preschool free for all kids between 3 and 5, and day care free for those 2 and below in low-income households.
Brexit preparation helped speed up UK economy: WSJ reports, the UK economy picked up speed at the beginning of 2019, as businesses readied for the country’s now delayed exit from the European Union.
Economic misery could bring back populism to Argentina: NYT reports, the country’s turn away from populism and embrace of market forces has enraged people who have lost aid without producing a promised economic revival.
LAT: US B-52 bombers land in Qatar over unspecified Iran threat
The Times: ANC set for worst result since end of apartheid
OTD: In 1994 Nelson Mandela became the first president of the Republic of South Africa.
Tim Harford: Our first instinct is far too often wrong: In exams, as in life, we should be willing to rethink. https://on.ft.com/2VywDe0
Subpoena of Trump Jr. sets off a firefight among Republicans: WP reports, the Senate Intelligence Committee’s GOP chairman showed no signs of backing down from calling for the president’s eldest son to testify again in its Russia probe.
Reuters/Ipsos poll on impeachment: The number of Americans who said Trump should be impeached rose 5 percentage points to 45 percent since mid-April.
Trump taps acting Pentagon chief to lead defense department: FT reports, former Boeing executive Patrick Shanahan will replace Jim Mattis if confirmed.
‘You don’t have to date him’: the women standing by Trump in 2020: Guardian reports, Women for Trump aims to counter Democratic energy by getting the president’s female supporters to ‘run for something’ – and host ‘Trumperware’ parties
Dem summer debates: The Democratic National Committee set a June 12 deadline for qualifying for the first presidential primary debates and outlined a tiebreaking system in case more than 20 candidates qualify for the two-night event.
FT: Democrats flock to South Carolina to woo black vote
African Americans hold key to the nomination of party’s presidential challenger.
Biden + climate policy: Joe Biden is crafting a climate change policy he hopes will appeal to both environmentalists and the blue-collar voters that elected Donald Trump.
Jeff Bezos launches plan for moon vehicle: FT reports, Amazon founder plots multigenerational bid to build colonies for humans in space.
First patents surface for Dyson electric car planned for 2021.
Uber priced its initial public offering at $45 a share.
WSJ: Budweiser brewer plans $7 billion Hong Kong IPO
David Beckham pays $50m for full control of his brand business: FT reports, former Manchester United footballer buys out American Idol creator Simon Fuller.
SMH: LEGO Masters or LEGO Marketers? Hit new show sends toy sales skyward
"I don't think it gets better than that – someone creating a show around your brand."
Delta told workers to save up for football, beer, and video games instead of joining a union. It didn’t go well. WP reports, in the charged world of social media, where a reinvigorated left shares space with digital media workers who have recently unionized, the anti-union posters fell with a thud.
The Aperol Spritz is not a good drink: NYT reports, the popular, Instagram-friendly apéritif drinks like a Capri Sun after soccer practice on a hot day. Not in a good way.
More proof the New York Times doesn't want you to enjoy life.
LAT: The Welcome to Las Vegas sign is still fabulous at 60
'Golden Spike' event marks 150th anniversary of Transcontinental Railroad: Reuters reports, the three-day “Golden Spike” celebration opens on Friday at Promontory Summit, 66 miles (106 km) northwest of Salt Lake City, where the Central Pacific Railroad from the west was joined to the Union Pacific Railroad from the east on May 10, 1869.
WSJ: Europe now belongs to the Premier League
For the first time in the history of the Champions League and the Europa League, all four spots in the finals will be occupied by clubs from a single country.
Champions League final:
Europa League final:
Enjoy the ride + plan accordingly.