Attorney General Bill Barr told CBS News Bob Mueller could have accused Trump of criminal activity even though a Department of Justice rule prohibited Mueller from indicting Mr. Trump for obstructing justice, witness tampering as well as threatening witnesses. Barr had to defend himself after Mueller said Barr exoneration of Mr. Trump was not the right call. Mueller used legal terms to disapprove of Barr’s position on his report. And Mr. Barr wanted to let people know even Department of Justice rules aren’t really rules if someone has the legal expertise to get around them.
China has stock market investors running for cover, now that Trump is on a mission to destroy economic growth through his Huawei ban, as well as his 25 percent tariff edict. The bond yield inverted again. A three-month Treasury note pays more than a 10-year note. If that situation continues for 10 days, economists say a recession is right around the corner.
Soybean farmers already know they are in trouble. China put a hold on future soybean orders. China buys more than 350 metric tons of soybeans from the U.S., but Trump’s tariffs hurt soybean shipments last year. Now that Mr. Trump increased the tariff on soybeans, China put all future soybean contracts with American farmers on hold. China will buy soybeans from Brazil in the future.
China may be ready to play is the rare earth minerals card now than Trump banned Huawei. If that happens U.S. tech, as well as other companies, will have to scramble to find those 17 minerals that help produce a plethora of tech toys as well as other products.
Mr. Trump had a hard time telling the press he didn’t help the Russians when they got him elected. He said he was the one who got him elected. So much for his loyal voters who stood by him as he trips and steps all over the constitution and ride into the eye of this pending economic storm with Trump.
Immigration reform was Trump’s motto during the 2016 campaign, but his edicts continue to make the immigration situation worse. Mr. Trump latest plan is to put a five percent tariff on more than $340 billion products that the U.S. buys from Mexico on a regular basis. Trump told the press if Mexico doesn’t control the illegal immigration issue he raised the tariff to 25 percent. According to the Washington Post, his new NAFTA deal will implode and the U.S. economy will take an enormous hit.
