Trump administration

Edward Price worked at the CIA from 2006 until this month, most recently as the spokesman for the National Security Council.

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But, as he details below in a letter published by The Washington Post, he has officially resigned "to be clear, my decision had nothing to do with politics," seemingly because the Trump Administration is "tuning out the intelligence professionals."

Over the weekend we noted that the Trump administration was considering changing the U.S. trade deficit calculation to exclude re-exports from the US trade balance, a shift that would make America's trade gap appear even greater than it has been in recent years, potentially making future trade skirmishes and wars with America's export-heavy trade partners far more likely (see "White House May Change Calculation Of US Trade Deficit, Boosting Trade War Odds").

One day after John McCain made a questionable diplomatic outburst when as part of a US diplomatic tour meant to reassure Europe, and NATO, of Trump's support, the Senator told participants at a Security Conference in Munich that the Trump administration is in "disarray", on Saturday morning Vice President Mike Pence did his best to return to conventional foreign policy after he vowed that the United States will "hold Russia accountable." In an address to the Munich Security Conference, Pence assured European allies that the U.S.

In its quarterly Beige Book publication, Goldman conveniently gathers anecdotal evidence of fundamental and thematic trends from the earnings transcripts of companies in the S&P 500. As Goldman's Davis Kostin explains, since President Trump’s surprise victory over Hillary Clinton in November, investors and management teams have been acutely focused on the new administration’s policy proposals. In this Beige Book, we focus on management commentary regarding four key pillars of the Trump Administration’s agenda: tax reform, regulation, fiscal spending, and trade policy.

A lot has been said about the potential for a US-Canada trade war. And judging from a lot of what’s happened, especially with respect to a strengthen USD, it looks like currencies may be what could light the spark to the barrel of gunpowder.

THE BACKDROP