WTF Just Happened Today?

Day 936: Just in case.


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1/ Trump delayed imposing tariffs on some Chinese imports until December. Trump told reporters that he delayed tariffs “for the Christmas season� on cellphones, laptop computers, video game consoles, and certain types of footwear and clothing “just in case� there would be a negative impact on shoppers during the holidays. The 10% tariff on $300 billion worth of Chinese imports will be delayed until Dec. 15, instead of taking effect on Sept. 1 as Trump originally announced. The U.S. Trade Representative office said certain products will also be taken off the list based on “health, safety, national security and other factors.� Markets rallied on the news. (New York Times / Washington Post / Politico / CNBC / Axios)

2/ Trump’s tax cuts, reduced regulation, and tariffs have been ineffective at drawing factory investment and jobs from abroad. Instead, Trump’s trade policies have pushed factory activity to low-cost Asian countries, like Vietnam. Foreign and domestic business investment briefly accelerated after Trump signed a $1.5 trillion tax-cut package in late 2017, but then slowed. In Trump’s first two years in office, companies announced plans to relocate about 145,000 factory jobs to the U.S. However, more than half of those jobs were announced in 2017 – before Trump’s tax cuts took effect. (New York Times)

3/ Trump tried to take credit for the construction of Shell’s petrochemicals complex in western Pennsylvania, which will turn the natural gas deposits into plastics. “This would have never happened without me and us,� Trump told a crowd of thousands of workers. Shell, however, announced its plans to build the complex in 2012, when Obama was in office. (Associated Press)

4/ A coalition of 22 states and seven cities sued to block the Trump administration from easing restrictions on coal-burning power plants, saying the EPA had no basis for weakening the Clean Power Plan that set national limits on carbon dioxide pollution from power plants. The lawsuit argues that the Affordable Clean Energy rule ignores the EPA’s responsibility to set limits on greenhouse gases and that the new rule would extend the life of dirty and aging coal-burning plants, increasing pollution instead of curbing it. (New York Times)

  • 🌡 America’s fastest-warming places: Extreme climate change has arrived. (Washington Post)

  • 📌 Day 931: Climate change is putting pressure on the ability of humanity to feed itself, according to a new United Nations report that was prepared by more than 100 experts from 52 countries and, unanimously approved. The report warns that the world’s land and water resources are being exploited at “unprecedented ratesâ€� and “the cycle is accelerating.â€� Climate change has...

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    WTF Just Happened Today?By Matt Kiser

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