Jun 10, 2018

Scoop: Trump tells Macron the EU is "worse" than China

Photo: Saul Loeb/AFP/Getty Images

When French President Emmanuel Macron visited Washington, he and President Trump had a tough conversation about trade that foreshadowed the breakdown of transatlantic relations at the G7 summit.

What happened: In their bilateral meeting in the White House's Cabinet Room, on April 24, Macron said to Trump, "Let’s work together, we both have a China problem," according to a source in the room. The source said Trump responded that the European Union is "worse than China."

  • "He then went on a rant about Germany and cars," the source added. (In their private meetings Trump has taken Angela Merkel to task for her country's tariffs on U.S. automobiles and the ease with which German carmakers like Mercedes, Volkswagen and BMW can sell into the U.S. market.)
  • Trump also says that America has a fairly balanced trading relationship with France but that the U.S-European trading relationship is very unfair.

I asked White House Press Secretary Sarah Sanders, who was also in the Cabinet Room for this Trump-Macron meeting, about this exchange. She told me: "The broader point of the conversation was them wanting to work together to do something to fix the system."

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Federal court temporarily halts "Remain in Mexico" program

Migrant wearing a cap with U.S. flagin front of the border between Guatemala and Mexico. Photo: Jair Cabrera Torres/picture alliance via Getty Image

The 9th Circuit Court of Appeals upheld a lower court's earlier injunction on Friday, temporarily stopping the Trump administration from enforcing the Migrant Protection Protocols (MPP) — known as the "Remain in Mexico" policy.

Why it matters: Tens of thousands of migrants seeking asylum have been forced to wait out their U.S. immigration court cases across the border in Mexico under the policy. The Trump administration has long credited this program for the decline in border crossings following record highs last summer.

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Coronavirus updates: WHO raises global threat level to "very high"

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The World Health Organization raised its global risk assessment for the novel coronavirus to "very high" Friday, its highest risk level as countries struggle to contain it. Meanwhile, National Economic Council director Larry Kudlow this morning tried to reassure the markets, which continued to correct amid growing fears of a U.S. recession.

The big picture: COVID-19 has killed more than 2,860 people and infected about 83,800 others in almost 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

Go deeperArrowUpdated 2 hours ago - Health

Bernie's plan to hike taxes on some startup employees

Illustration: Sarah Grillo/Axios

Sens. Bernie Sanders (D-VT) and Chris Van Hollen (D-MD) introduced legislation that would tax nonqualified stock options at vesting, rather than at exercise, for employees making at least $130,000 per year.

The big picture: Select employees at private companies would be taxed on monies that they hadn't yet banked.