Apr 7, 2017

New sanctions on Syria and a trade plan with China announced

Pablo Martinez Monsivais / AP

Three pieces of news came out of a briefing with pool reporters in Florida Friday afternoon:

  1. Syria sanctions: Treasury Secretary Steve Mnuchin said the U.S. will announce new sanctions on Syria soon "as part of our ongoing effort to stop this kind of activity."
  2. China trade plan: Commerce Secretary Wilbur Ross also announced there is a 100-day action plan on trade with China, which he said would include "weigh-stations of accomplishment." Ross added it "may be ambitious, but it's a very big sea change in the pace of discussion."
  3. Trump will visit China this year. But the dates aren't announced yet.

Go deeper

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Roger Stone sentenced to more than 3 years in prison

Roger Stone arriving for his sentencing hearing. Photo: Mark Wilson/Getty Images

Longtime Trump associate Roger Stone was sentenced Thursday to 4o months in prison for crimes that include obstruction of justice, lying to Congress and witness tampering.

Why it matters: Stone is the seventh person to be convicted and sentenced for crimes unearthed by former special counsel Robert Mueller's investigation. His case has been at the heart of ongoing tensions between President Trump and his Justice Department.