President Trump sent out a tweet late Friday afternoon announcing that he would delay the next round of tariffs against China that had been set to go in effect on March 2nd. He expressed optimism that the trade talks would yield a resolution on the many structural issues at stake, culminating with a summit at Mar-a-Lago between President Xi and himself to conclude an agreement.
President Trump used his executive authority today to introduce regulatory reform to task forces within federal agencies, which appears to be a bold step towards peeling back red tape which conservatives argue has stifled US growth for decades.
Some of America’s largest financial institutions are uniting to propose a complete overhaul of what they argue are burdensome, onerous and ineffective regulations implemented by George Bush (after the 9/11 attacks) and strengthened by Obama to fight money laundering.
According to Bloomberg News, Trump may have a $300M conflict of interest with Deutsche Bank, as his company is attempting to restructure debt it owes the bank, and Trump’s new attorney general will inherit a case that could result in a possible multi-billion dollar penalty to the bank related to mortgage-bond investigations. Unsurprisingly, Deutsche Bank
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