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Sunday, January 22, 2017

Germany Says U.S. Under Trump Must Abide By Trade Deals

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BERLIN (Reuters) – Washington must stick to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble said on Friday, but does not expect a major trade war despite the President-elect’s attack on German car makers.

Trump – now hours away from his inauguration – has vowed to make sweeping changes to U.S. trade policy, and economists see his protectionism as the biggest risk to U.S. growth.

“The United States also signed international agreements,” Schaeuble told magazine Der Spiegel.

“I don’t think a big trade war will break out tomorrow, but we will naturally insist that agreements are upheld,” he said.



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Treasury Nominee Mnuchin Hammered Over Offshore Tax Havens

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WASHINGTON (Reuters) – U.S. Treasury Secretary nominee Steven Mnuchin said on Thursday he would work to eliminate the need for offshore tax havens, as Democratic senators accused the Wall Street veteran of using such vehicles to shelter hedge fund money from the government.

In a confirmation hearing before the Senate Finance Committee, President-elect Donald Trump’s pick to lead the Treasury was attacked for failing to promptly disclose he was a director of an offshore business vehicle domiciled in the Cayman Islands and owned more than $100 million in real estate.

Offshore tax havens used to shield income have become a symbol of the growing divide between rich and average Americans.



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Trump’s Hotel Bans Press For Inauguration, Raising First Amendment Concerns

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Reprinted with permission from Media Matters for America.

President-elect Donald Trump’s Washington, D.C. hotel is banning reporters from its premises during inauguration week, according to Politico’s Daniel Lippman. The move underscores the incoming president’s personal hostility toward the press and raises First Amendment issues, as the hotel space is leased by the president-elect from the federal government.

Throughout the 2016 campaign and into the transition, Trump has made his hostility to the press a centerpiece of his political strategy. Trump declared war on the press, which included mocking specific reporters as “neurotic,” “dumb,” and a “waste of time.” He retreated to softball interviews during the final weeks of the campaign with largely friendly interviewers, Fox News, and fringe media.



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